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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Cash and cash equivalent    
Cash and due from banks $ 13,577 $ 13,078
Overnight deposits 138,876 187,190
Total cash and cash equivalents 152,453 200,268
Investment securities available-for-sale, at fair value 551,029 482,085
Investment securities held-to-maturity (estimated fair value of $336.7 million and $366.7 million at June 30, 2025 and December 31, 2024, respectively) 387,901 428,557
Equity investment securities, at fair value 5,276 5,109
Total securities 944,206 915,751
Other investments 27,297 30,636
Loans, net of deferred fees and costs 6,612,789 6,034,076
Allowance for credit losses (74,071) (63,273)
Net loans 6,538,718 5,970,803
Other assets 191,175 183,291
Total assets 7,853,849 7,300,749
Deposits    
Noninterest-bearing demand deposits 1,427,439 1,334,054
Interest-bearing deposits 5,363,867 4,648,919
Total deposits 6,791,306 5,982,973
Federal funds purchased 50,000 210,000
Federal Home Loan Bank of New York advances 150,000 240,000
Trust preferred securities 20,620 20,620
Secured and other borrowings 17,366 7,441
Other liabilities 101,589 109,888
Total liabilities 7,130,881 6,570,922
Stockholders' equity:    
Common stock, $0.01 par value, 25,000,000 shares authorized, 11,300,191 and 11,197,625 shares issued; and 10,421,384 and 11,197,625 shares outstanding at June 30, 2025 and December 31, 2024, respectively 113 112
Additional paid in capital 401,055 400,188
Retained earnings 417,782 382,661
Accumulated other comprehensive income (loss), net of tax (45,455) (53,134)
Treasury stock, at cost, 878,807 and 0 shares at June 30, 2025 and December 31, 2024, respectively (50,527)  
Total stockholders' equity 722,968 729,827
Total liabilities and stockholders' equity $ 7,853,849 $ 7,300,749