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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income:        
Loans $ 39,699 $ 35,343 $ 80,976 $ 70,680
Mortgage-backed securities 2,682 4,304 5,641 9,926
Other securities 484 777 908 1,801
FHLB of New York dividends 336 456 706 1,033
Deposits in other financial institutions 35 31 72 203
Total interest income 43,236 40,911 88,303 83,643
Interest expense:        
Deposits 1,671 7,473 3,541 16,752
Borrowings 2,878 3,208 5,899 6,728
Total interest expense 4,549 10,681 9,440 23,480
Net interest income 38,687 30,230 78,863 60,163
(Credit) provision for loan losses (3,701) 1,921 (6,075) 10,104
Net interest income after provision for loan losses 42,388 28,309 84,938 50,059
Non-interest income:        
Fees and service charges for customer services 1,327 666 2,524 1,786
Income on bank-owned life insurance 857 865 1,705 1,741
Gains on available-for-sale debt securities, net 509 73 606 60
Gains (losses) on trading securities, net 807 1,626 1,171 (366)
Gains on sales of loans 1,401 665 1,401 665
Other 15 343 145 460
Total non-interest income 4,916 4,238 7,552 4,346
Non-interest expense:        
Compensation and employee benefits 10,806 10,444 21,338 17,733
Occupancy 3,500 3,018 7,201 6,078
Furniture and equipment 442 349 879 682
Data processing 1,798 1,612 3,430 3,072
Professional fees 832 1,045 1,738 2,154
Advertising 684 343 1,149 1,161
Federal Deposit Insurance Corporation insurance 346 216 721 216
Other 1,463 828 2,978 2,441
Total non-interest expense 19,871 17,855 39,434 33,537
Income before income tax expense 27,433 14,692 53,056 20,868
Income tax expense 7,639 3,899 14,585 5,524
Net income $ 19,794 $ 10,793 $ 38,471 $ 15,344
Net income per common share:        
Basic (usd per share) $ 0.40 $ 0.23 $ 0.78 $ 0.33
Diluted (usd per share) $ 0.40 $ 0.23 $ 0.78 $ 0.33
Unrealized (losses) gains on debt securities available-for-sale:        
Net unrealized holding (losses) gains $ (2,006) $ 5,603 $ (3,150) $ 13,913
Less: reclassification adjustment for net gains included in net income (509) (73) (606) (60)
Net unrealized (losses) gains (2,515) 5,530 (3,756) 13,853
Income tax benefit (expense) related to net unrealized holding (losses) gains on debt securities available-for-sale 560 (1,568) 881 (3,894)
Income tax expense (benefit) related to reclassification adjustment for (gains) losses included in net income 143 20 170 17
Other comprehensive (loss) income, net of tax (1,812) 3,982 (2,705) 9,976
Comprehensive income $ 17,982 $ 14,775 $ 35,766 $ 25,320