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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS:    
Cash and due from banks $ 17,241 $ 18,191
Interest-bearing deposits in other financial institutions 92,991 72,877
Total cash and cash equivalents 110,232 91,068
Trading securities 10,401 13,461
Debt securities available-for-sale, at estimated fair value (with no allowance for credit losses at June 30, 2022 and December 31, 2021) 1,086,868 1,208,237
Debt securities held-to-maturity, at amortized cost (estimated fair value of $4,977 at June 30, 2022, and $5,475 at December 31, 2021, with no allowance for credit losses at June 30, 2022 and December 31, 2021) 5,201 5,283
Equity securities 7,821 5,342
Loans held-for-sale 2,346 0
Loans held-for-investment, net 4,111,857 3,806,617
Less: allowance for credit losses (39,031) (38,973)
Net loans held-for-investment 4,072,826 3,767,644
Accrued interest receivable 14,948 14,572
Bank-owned life insurance 166,185 164,500
Federal Home Loan Bank (“FHLB”) of New York stock, at cost 19,942 22,336
Operating lease right-of-use assets 36,595 33,943
Premises and equipment, net 25,766 25,937
Goodwill 41,012 41,012
Other assets 47,008 37,207
Total assets 5,647,151 5,430,542
LIABILITIES:    
Deposits 4,418,002 4,169,334
Securities sold under agreements to repurchase 25,000 50,000
FHLB advances and other borrowings 322,016 371,755
Subordinated debentures, net of issuance costs 60,917 0
Operating lease liabilities 42,298 39,851
Advance payments by borrowers for taxes and insurance 29,458 24,909
Accrued expenses and other liabilities 34,187 34,810
Total liabilities 4,931,878 4,690,659
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 June 30, 2022 and December 31, 2021, 48,684,875 and 49,266,733 outstanding at June 30, 2022 and December 31, 2021, respectively 648 648
Additional paid-in-capital 588,940 589,972
Unallocated common stock held by employee stock ownership plan (16,584) (17,058)
Retained earnings 399,131 381,361
Accumulated other comprehensive (loss) income (31,266) 2,063
Treasury stock at cost: 16,086,000 and 15,504,142 shares at June 30, 2022 and December 31, 2021, respectively (225,596) (217,103)
Total stockholders’ equity 715,273 739,883
Total liabilities and stockholders’ equity $ 5,647,151 $ 5,430,542