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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2025

FAIR VALUE OF FINANCIAL INSTRUMENTS

Schedule of assets and liabilities measured at fair value on a recurring basis

Assets and liabilities measured at fair value on a recurring and non-recurring basis are summarized below (in thousands):


		Fair Value Measurement using:
					Quoted Prices
					in Active			Significant
					Markets			Other			Significant
		Carrying			For Identical			Observable			Unobservable
		Amount			Assets (Level 1)			Inputs (Level 2)			Inputs (Level 3)
At December 31, 2025
Recurring Fair Value Measurements:
Assets
U.S. Government agency securities		$	28,114		$	—		$	28,114		$	—
U.S. State and Municipal securities			9,728			—			9,728			—
Residential mortgage securities			495,032			—			495,032			—
Commercial mortgage securities			43,700			—			43,700			—
Asset-backed securities			2,358			—			2,358			—
CRA Mutual Fund			5,609			5,609			—			—
Derivative assets			888			—			888			—
Liabilities
Derivative liabilities			4,562			—			4,562			—
Non-Recurring Fair Value Measurements:
Assets
Collateral dependent loans			42,408			—			—			42,408

		Fair Value Measurement using:
					Quoted Prices
					in Active			Significant
					Markets			Other			Significant
		Carrying			For Identical			Observable			Unobservable
		Amount			Assets (Level 1)			Inputs (Level 2)			Inputs (Level 3)
At December 31, 2024
Recurring Fair Value Measurements:
Assets
U.S. Government agency securities		$	63,752		$	—		$	63,752		$	—
U.S. State and Municipal securities			9,500			—			9,500			—
Residential mortgage securities			363,068			—			363,068			—
Commercial mortgage securities			43,128			—			43,128			—
Asset-backed securities			2,637			—			2,637			—
CRA Mutual Fund			5,109			5,109			—			—
Derivative assets			919			—			919			—
Liabilities
Derivative liabilities			1,539			—			1,539			—

Schedule of assets and liabilities measured on a non-recurring basis

Carrying amount and estimated fair values of financial instruments not carried at fair value were as follows (in thousands):


					Fair Value Measurement Using:
					Quoted Prices
					in Active			Significant
					Markets			Other			Significant
		Carrying			For Identical			Observable			Unobservable			Total Fair
At December 31, 2025		Amount			Assets (Level 1)			Inputs (Level 2)			Inputs (Level 3)			Value
Financial Assets:
Cash and due from banks		$	12,086		$	12,086		$	—		$	—		$	12,086
Overnight deposits			381,501			381,501			—			—			381,501
Securities held-to-maturity			356,627			—			313,082			—			313,082
Loans, net			6,713,152			—			—			6,790,711			6,790,711
Other investments
FRB Stock			11,410			N/A			N/A			N/A			N/A
FHLB Stock			7,224			N/A			N/A			N/A			N/A
Disability Fund			1,500			—			1,500			—			1,500
Time deposits at banks			498			498			—			—			498
Accrued interest receivable			35,818			—			2,430			33,388			35,818

Financial Liabilities:
Non-interest-bearing demand deposits		$	1,479,420		$	1,479,420		$	—		$	—		$	1,479,420
Money market and savings deposits			5,707,634			5,707,634			—			—			5,707,634
Time deposits			190,124			—			190,195			—			190,195
Trust preferred securities			20,620			—			—			20,028			20,028
Accrued interest payable			1,635			12			1,302			321			1,635
Secured and other borrowings			10,975			—			10,975			—			10,975


					Fair Value Measurement Using:
					Quoted Prices
					in Active			Significant
					Markets			Other			Significant
		Carrying			For Identical			Observable			Unobservable			Total Fair
At December 31, 2024		Amount			Assets (Level 1)			Inputs (Level 2)			Inputs (Level 3)			Value
Financial Assets:
Cash and due from banks		$	13,078		$	13,078		$	—		$	—		$	13,078
Overnight deposits			187,190			187,190			—			—			187,190
Securities held-to-maturity			428,557			—			366,719			—			366,719
Loans, net			5,970,803			—			—			5,878,582			5,878,582
Other investments
FRB Stock			11,410			N/A			N/A			N/A			N/A
FHLB Stock			17,228			N/A			N/A			N/A			N/A
Disability Fund			1,500			—			1,500			—			1,500
Time deposits at banks			498			498			—			—			498
Accrued interest receivable			33,209			—			2,105			31,104			33,209

Financial Liabilities:
Non-interest-bearing demand deposits		$	1,334,054		$	1,334,054		$	—		$	—		$	1,334,054
Money market and savings deposits			4,523,522			4,523,522			—			—			4,523,522
Time deposits			125,397			—			125,288			—			125,288
Federal funds purchased			210,000			—			210,000			—			210,000
Federal Home Loan Bank of New York advances			240,000			—			240,000			—			240,000
Trust preferred securities			20,620			—			—			20,024			20,024
Accrued interest payable			1,809			12			1,436			361			1,809
Secured and other borrowings			7,441			—			7,441			—			7,441