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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Cash and cash equivalent    
Cash and due from banks $ 13,109 $ 13,078
Overnight deposits 372,827 187,190
Total cash and cash equivalents 385,936 200,268
Investment securities available-for-sale, at fair value 552,441 482,085
Investment securities held-to-maturity (estimated fair value of $329.8 million and $366.7 million at September 30, 2025 and December 31, 2024, respectively) 376,447 428,557
Equity investment securities, at fair value 5,548 5,109
Total securities 934,436 915,751
Other investments 27,330 30,636
Loans, net of deferred fees and costs 6,781,703 6,034,076
Allowance for credit losses (94,239) (63,273)
Net loans 6,687,464 5,970,803
Other assets 199,264 183,291
Total assets 8,234,430 7,300,749
Deposits    
Noninterest-bearing demand deposits 1,382,345 1,334,054
Interest-bearing deposits 5,690,414 4,648,919
Total deposits 7,072,759 5,982,973
Federal funds purchased 125,000 210,000
Federal Home Loan Bank of New York advances 150,000 240,000
Trust preferred securities 20,620 20,620
Secured and other borrowings 17,355 7,441
Other liabilities 116,656 109,888
Total liabilities 7,502,390 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 10,382,218 and 11,197,625 shares outstanding at September 30, 2025 and December 31, 2024, respectively 113 112
Additional paid in capital 403,708 400,188
Retained earnings 423,338 382,661
Accumulated other comprehensive income (loss), net of tax (41,852) (53,134)
Treasury stock, at cost, 917,973 and 0 shares at September 30, 2025 and December 31, 2024, respectively (53,267)  
Total stockholders' equity 732,040 729,827
Total liabilities and stockholders' equity $ 8,234,430 $ 7,300,749