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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 18,572 $ 13,078
Overnight deposits 177,891 187,190
Total cash and cash equivalents 196,463 200,268
Investment securities available-for-sale, at fair value 523,542 482,085
Investment securities held-to-maturity (estimated fair value of $343.8 million and $366.7 million at March 31, 2025 and December 31, 2024, respectively) 398,973 428,557
Equity investment securities, at fair value 5,221 5,109
Total securities 927,736 915,751
Other investments 27,062 30,636
Loans, net of deferred fees and costs 6,342,122 6,034,076
Allowance for credit losses (67,803) (63,273)
Net loans 6,274,319 5,970,803
Other assets 190,718 183,291
Total assets 7,616,298 7,300,749
Deposits    
Noninterest-bearing demand deposits 1,384,524 1,334,054
Interest-bearing deposits 5,064,768 4,648,919
Total deposits 6,449,292 5,982,973
Federal funds purchased 125,000 210,000
Federal Home Loan Bank of New York advances 160,000 240,000
Trust preferred securities 20,620 20,620
Secured and other borrowings 17,403 7,441
Other liabilities 106,137 109,888
Total liabilities 6,878,452 6,570,922
Stockholders' equity:    
Common stock, $0.01 par value, 25,000,000 shares authorized, 11,295,160 and 11,197,625 shares issued; and 11,066,234 and 11,197,625 shares outstanding at March 31, 2025 and December 31, 2024, respectively 113 112
Additional paid in capital 398,823 400,188
Retained earnings 399,015 382,661
Accumulated other comprehensive income (loss), net of tax (47,170) (53,134)
Treasury stock, at cost, 228,926 and 0 shares at March 31, 2025 and December 31, 2024, respectively (12,935)  
Total stockholders' equity 737,846 729,827
Total liabilities and stockholders' equity $ 7,616,298 $ 7,300,749