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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 13,078 $ 31,973
Overnight deposits 187,190 237,492
Total cash and cash equivalents 200,268 269,465
Investment securities available-for-sale, at fair value 482,085 461,207
Investment securities held-to-maturity (estimated fair value of $366.7 million and $404.3 million at December 31, 2024 and December 31, 2023, respectively) 428,557 468,860
Equity investment securities, at fair value 5,109 2,123
Total securities 915,751 932,190
Other investments 30,636 38,966
Loans, net of deferred fees and costs 6,034,076 5,624,797
Allowance for credit losses (63,273) (57,965)
Net loans 5,970,803 5,566,832
Receivable from global payments business, net   87,648
Other assets 183,291 172,571
Total assets 7,300,749 7,067,672
Deposits    
Noninterest-bearing demand deposits 1,334,054 1,837,874
Interest-bearing deposits 4,648,919 3,899,418
Total deposits 5,982,973 5,737,292
Federal funds purchased 210,000 99,000
Federal Home Loan Bank of New York advances 240,000 440,000
Trust preferred securities 20,620 20,620
Secured and other borrowings 7,441 7,585
Prepaid third-party debit cardholder balances   10,178
Other liabilities 109,888 93,976
Total liabilities 6,570,922 6,408,651
Stockholders' Equity    
Common stock, $0.01 par value, 25,000,000 shares authorized, 11,197,625 and 11,062,729 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 112 111
Additional paid in capital 400,188 395,871
Retained earnings 382,661 315,975
Accumulated other comprehensive income (loss), net of tax (53,134) (52,936)
Total stockholders' equity 729,827 659,021
Total liabilities and stockholders' equity $ 7,300,749 $ 7,067,672