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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS:    
Cash and due from banks $ 18,191 $ 16,115
Interest-bearing deposits in other financial institutions 72,877 71,429
Total cash and cash equivalents 91,068 87,544
Trading securities 13,461 12,291
Debt securities available-for-sale, at estimated fair value (and no allowance for credit losses at December 31, 2021) 1,208,237 1,264,805
Debt securities held-to-maturity, at amortized cost (estimated fair value of $5,475 at December 31, 2021, and $7,574 at December 31, 2020) 5,283 7,234
Equity securities 5,342 253
Loans held-for-sale 0 19,895
Total loans held-for-investment, net 3,806,617 3,823,238
Allowance for credit losses (38,973) (37,607)
Net loans held-for-investment 3,767,644 3,785,631
Accrued interest receivable 14,572 14,690
Bank-owned life insurance 164,500 161,924
Federal Home Loan Bank ("FHLB") of New York stock, at cost 22,336 28,641
Operating lease right-of-use assets 33,943 36,741
Premises and equipment, net 25,937 28,188
Goodwill 41,012 41,320
Other assets 37,207 25,387
Total assets 5,430,542 5,514,544
LIABILITIES:    
Deposits 4,169,334 4,076,551
Securities sold under agreements to repurchase 50,000 75,000
FHLB advances and other borrowings 371,755 516,789
Operating lease liabilities 39,851 42,734
Advance payments by borrowers for taxes and insurance 24,909 19,677
Accrued expenses and other liabilities 34,810 29,812
Total liabilities 4,690,659 4,760,563
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized, none issued or outstanding 0 0
Common stock, $0.01 par value; 150,000,000 shares authorized, 64,770,875 shares issued at December 31, 2021 and 2020, respectively, 49,266,733 and 52,209,897 shares outstanding at December 31, 2021 and 2020, respectively 648 648
Additional paid-in-capital 589,972 590,506
Unallocated common stock held by employee stock ownership plan (17,058) (18,529)
Retained earnings 381,361 338,093
Accumulated other comprehensive income 2,063 13,160
Treasury stock at cost; 15,504,142 and 12,560,978 shares at December 31, 2021 and 2020, respectively (217,103) (169,897)
Total stockholders’ equity 739,883 753,981
Total liabilities and stockholders’ equity $ 5,430,542 $ 5,514,544