Parent-only Financial Information (Tables) - Parent Company

12 Months Ended

Dec. 31, 2021

Northfield Bancorp, Inc.

Condensed Balance Sheets


	December 31,
	2021		2020
	(in thousands)
Assets
Cash in Northfield Bank	$	14,411	$	21,456
Interest-earning deposits in other financial institutions	—		21
Investment in Northfield Bank	703,036		711,441

ESOP loan receivable	19,283		20,836

Other assets	3,412		474
Total assets	$	740,142	$	754,228
Liabilities and Stockholders' Equity
Total liabilities	$	259	$	247
Total stockholders' equity	739,883		753,981
Total liabilities and stockholders' equity	$	740,142	$	754,228

Northfield Bancorp, Inc.

Condensed Statements of Comprehensive Income


	Years Ended
	December 31,
	2021		2020		2019
	(in thousands)
Interest on ESOP loan	$	677	$	1,043	$	1,263
Interest income on deposits in other financial institutions	18		129		229

Gains on securities, net	—		—		10
Undistributed earnings of Northfield Bank	70,956		37,544		40,012
Total income	71,651		38,716		41,514
Other expenses	831		1,647		863
Income tax expense	166		81		416
Total expenses	997		1,728		1,279
Net income	$	70,654	$	36,988	$	40,235
Comprehensive income:
Net income	$	70,654	$	36,988	$	40,235
Other comprehensive (loss) income, net of tax	(11,097)		8,461		13,846
Comprehensive income	$	59,557	$	45,449	$	54,081

Northfield Bancorp, Inc.

Condensed Statements of Cash Flows


	December 31,
	2021		2020		2019
	(in thousands)
Cash flows from operating activities
Net income	$	70,654	$	36,988	$	40,235
Adjustments to reconcile net income to net cash used in operating activities:


Increase in other assets	(4,034)		(1,008)		(1,073)

Gains on securities, net	—		—		(10)
Increase (decrease) in other liabilities	12		(1,499)		(36)
Undistributed earnings of Northfield Bank	(70,956)		(37,544)		(40,012)
Net cash used in operating activities	(4,324)		(3,063)		(896)
Cash flows from investing activities

Cash and cash equivalents acquired in business acquisition	—		5,903		—
Dividends from Northfield Bank	69,916		16,174		41,277



Net cash provided by investing activities	69,916		22,077		41,277
Cash flows from financing activities

Principal payments on ESOP loan receivable	1,553		1,061		1,065
Purchase of treasury stock	(53,321)		(10,405)		(15,815)
Dividends paid	(24,299)		(21,476)		(20,198)

Exercise of stock options	3,409		175		5,770

Net cash used in financing activities	(72,658)		(30,645)		(29,178)
Net (decrease) increase in cash and cash equivalents	(7,066)		(11,631)		11,203
Cash and cash equivalents at beginning of year	21,477		33,108		21,905
Cash and cash equivalents at end of year	$	14,411	$	21,477	$	33,108