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Loans (Tables) | 12 Months Ended
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Dec. 31, 2022
Receivables [Abstract] |
Past Due Financing Receivables | The following table presents loan balances outstanding as of December 31, 2022 and December 31, 2021 and an analysis of the recorded investment in loans that are past due at these dates. Loans held-for-sale of $656 and $1,154 as of December 31, 2022, and December 31, 2021, respectively, are included in the residential real estate balances for current loans.
Schedule of Past Due Loans by Loan Category
|  |  | Commercial |  |  |  |  |  |
| Commercial |  | Real Estate |  | Consumer |  | Residential |  | Total
December 31, 2022 |  |  |  |  |  |  |  |  |
Loans Past Due 30-59 Days | $ | 48 |  |  | $ | 370 |  |  | $ | 13,657 |  |  | $ | 1,833 |  |  | $ | 15,908 |
Loans Past Due 60-89 Days | 33 |  |  | — |  |  | 4,517 |  |  | 112 |  |  | 4,662 |
Loans Past Due 90 or More Days | 44 |  |  | — |  |  | 3,503 |  |  | 4,790 |  |  | 8,337 |
Total Loans Past Due | 125 |  |  | 370 |  |  | 21,677 |  |  | 6,735 |  |  | 28,907 |
Current Loans | 140,168 |  |  | 706,652 |  |  | 1,043,458 |  |  | 1,064,022 |  |  | 2,954,300 |
Total Loans | $ | 140,293 |  |  | $ | 707,022 |  |  | $ | 1,065,135 |  |  | $ | 1,070,757 |  |  | $ | 2,983,207 |
December 31, 2021 |  |  |  |  |  |  |  |  |
Loans Past Due 30-59 Days | $ | 202 |  |  | $ | — |  |  | $ | 6,713 |  |  | $ | 107 |  |  | $ | 7,022 |
Loans Past Due 60-89 Days | 3 |  |  | — |  |  | 2,709 |  |  | 2,557 |  |  | 5,269 |
Loans Past Due 90 or More Days | 157 |  |  | 1,180 |  |  | 1,564 |  |  | 1,981 |  |  | 4,882 |
Total Loans Past Due | 362 |  |  | 1,180 |  |  | 10,986 |  |  | 4,645 |  |  | 17,173 |
Current Loans | 172,156 |  |  | 627,749 |  |  | 909,570 |  |  | 941,293 |  |  | 2,650,768 |
Total Loans | $ | 172,518 |  |  | $ | 628,929 |  |  | $ | 920,556 |  |  | $ | 945,938 |  |  | $ | 2,667,941 |
Schedule of Non Accrual Loans by Category
|  |  | Commercial |  |  |  |  |  |
December 31, 2022 | Commercial |  | Real Estate |  | Consumer |  | Residential |  | Total
Loans 90 or More Days Past Due and Still Accruing Interest | $ | 44 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,113 |  |  | $ | 1,157 |
Nonaccrual Loans | 8 |  |  | 3,110 |  |  | 3,503 |  |  | 4,136 |  |  | 10,757 |
Nonaccrual With No Allowance for Credit Loss | 8 |  |  | 3,110 |  |  | 3,503 |  |  | 4,136 |  |  | 10,757 |
Interest Income on Nonaccrual Loans | — |  |  | — |  |  | — |  |  | 5 |  |  | 5 |
December 31, 2021 |  |  |  |  |  |  |  |  |
Loans 90 or More Days Past Due and Still Accruing Interest | $ | 157 |  |  | $ | — |  |  | $ | — |  |  | $ | 666 |  |  | $ | 823 |
Nonaccrual Loans | 34 |  |  | 7,243 |  |  | 1,697 |  |  | 1,790 |  |  | 10,764 |
Financing Receivable Supplemental Information | Schedule of Supplemental Loan Information
| 2022 |  | 2021
Supplemental Information: |  |  |
Unamortized deferred loan origination costs, net of deferred loan origination fees, included in the above balances | $ | 6,774 |  |  | $ | 5,179 |
Overdrawn deposit accounts, included in the above balances | 298 |  |  | 182 |
Pledged loans under a blanket collateral agreement to secure borrowings from the Federal Home Loan Bank of New York | 663,259 |  |  | 778,902 |
Residential real estate loans serviced for Freddie Mac, not included in the balances above | 195,133 |  |  | 215,209 |
Allowance for Credit Losses on Financing Receivables | The following table details activity in the allowance for credit losses on loans for the twelve months ended December 31, 2022 and December 31, 2021
Allowance for Credit Losses |
|  |  | Commercial |  |  |  |  |  |  |  |  |
| Commercial |  | Real Estate |  | Consumer |  | Residential |  |  |  | Total |
Rollforward of the Allowance for Credit Losses for the Year Ended: |  |  |  |  |  |  |  |  |  |  |
December 31, 2021 | $ | 2,298 |  |  | $ | 13,136 |  |  | $ | 2,402 |  |  | $ | 9,445 |  |  |  |  | $ | 27,281 |  |
Charge-offs | (34) |  |  | — |  |  | (4,079) |  |  | (30) |  |  |  |  | (4,143) |  |
Recoveries | 43 |  |  | — |  |  | 1,973 |  |  | — |  |  |  |  | 2,016 |  |
Provision | (346) |  |  | 2,077 |  |  | 2,289 |  |  | 778 |  |  |  |  | 4,798 |  |
December 31, 2022 | $ | 1,961 |  |  | $ | 15,213 |  |  | $ | 2,585 |  |  | $ | 10,193 |  |  |  |  | $ | 29,952 |  |
December 31, 2020 | $ | 2,173 |  |  | $ | 9,990 |  |  | $ | 11,562 |  |  | $ | 5,507 |  |  |  |  | $ | 29,232 |
Impact of Adoption ASC 326 | 2,084 |  |  | 2,064 |  |  | (9,383) |  |  | 3,935 |  |  |  |  | (1,300) |
Balance as of January 1, 2021 as adjusted for ASU 2016-13 | 4,257 |  |  | 12,054 |  |  | 2,179 |  |  | 9,442 |  |  |  |  | 27,932 |
Charge-offs | (98) |  |  | — |  |  | (2,132) |  |  | (9) |  |  |  |  | (2,239) |
Recoveries | 190 |  |  | — |  |  | 1,126 |  |  | — |  |  |  |  | 1,316 |
Provision | (2,051) |  |  | 1,082 |  |  | 1,229 |  |  | 12 |  |  |  |  | 272 |
December 31, 2021 | $ | 2,298 |  |  | $ | 13,136 |  |  | $ | 2,402 |  |  | $ | 9,445 |  |  |  |  | $ | 27,281 |
The following tables present the amortized cost basis of collateral-dependent loans by class of loans as of December 31, 2022 and December 31, 2021:
December 31, 2022 | Collateral Type -Residential Real Estate |  | Collateral Type - Commercial Real Estate |  | Total Loans
Commercial | $ | — |  |  | $ | — |  |  | $ | — |
Commercial Real Estate | — |  |  | 3,110 |  |  | 3,110 |
Consumer | — |  |  | — |  |  | — |
Residential | 1,963 |  |  | — |  |  | 1,963 |
Total | $ | 1,963 |  |  | $ | 3,110 |  |  | $ | 5,073 |
December 31, 2021 | Collateral Type -Residential Real Estate |  | Collateral Type - Commercial Real Estate |  | Total Loans
Commercial | $ | — |  |  | $ | — |  |  | $ | — |
Commercial Real Estate | — |  |  | 6,732 |  |  | 6,732 |
Consumer | — |  |  | — |  |  | — |
Residential | 673 |  |  | — |  |  | 673 |
Total | $ | 673 |  |  | $ | 6,732 |  |  | $ | 7,405 |
Allowance for Credit Losses - Collectively and Individually Evaluated
| Commercial |  | Commercial Real Estate |  | Consumer |  | Residential |  |  |  | Total
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |
Ending Loan Balance - Collectively Evaluated | $ | 140,293 |  |  | $ | 703,912 |  |  | $ | 1,065,135 |  |  | $ | 1,068,794 |  |  |  |  | $ | 2,978,134 |
Allowance for Credit Losses - Loans Collectively Evaluated | 1,961 |  |  | 15,213 |  |  | 2,585 |  |  | 10,193 |  |  |  |  | 29,952 |
Ending Loan Balance - Individually Evaluated | — |  |  | 3,110 |  |  | — |  |  | 1,963 |  |  |  |  | 5,073 |
Allowance for Credit Losses - Loans Individually Evaluated | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
| Commercial |  | Commercial Real Estate |  | Consumer |  | Residential |  |  |  | Total
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |
Ending Loan Balance - Collectively Evaluated for Impairment | $ | 172,518 |  |  | $ | 622,197 |  |  | $ | 920,556 |  |  | $ | 945,265 |  |  |  |  | $ | 2,660,536 |
Allowance for Loan Losses - Loans Collectively Evaluated for Impairment | 2,298 |  |  | 12,537 |  |  | 2,402 |  |  | 9,445 |  |  |  |  | $ | 26,682 |
Ending Loan Balance - Individually Evaluated for Impairment | — |  |  | 6,732 |  |  | — |  |  | 673 |  |  |  |  | 7,405 |
Allowance for Loan Losses - Loans Individually Evaluated for Impairment | — |  |  | 599 |  |  | — |  |  | — |  |  |  |  | 599 |
Financing Receivable Credit Quality Indicators | The following table presents credit quality indicators by total loans amortized cost basis by origination year as of December 31, 2022 and December 31, 2021:
| Term Loans Amortized Cost Basis by Origination Year | Revolving Loans Amortized Cost Basis | Revolving Loan Converted to Term | Total
December 31, 2022 | 2022 | 2021 | 2020 | 2019 | 2018 | Prior
Commercial: |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |
Satisfactory | $ | 42,038 |  | $ | 28,718 |  | $ | 16,870 |  | $ | 7,857 |  | $ | 8,129 |  | $ | 20,379 |  | $ | 8,909 |  | $ | — |  | $ | 132,900 |
Special mention | — |  | — |  | — |  | — |  | — |  | 30 |  | 30 |  | — |  | 60 |
Substandard | — |  | — |  | 255 |  | 478 |  | — |  | 3,464 |  | 3,136 |  | — |  | 7,333 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial Loans | $ | 42,038 |  | $ | 28,718 |  | $ | 17,125 |  | $ | 8,335 |  | $ | 8,129 |  | $ | 23,873 |  | $ | 12,075 |  | $ | — |  | $ | 140,293 |
Commercial Real Estate: |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |
Satisfactory | $ | 152,858 |  | $ | 115,111 |  | $ | 121,811 |  | $ | 43,647 |  | $ | 63,913 |  | $ | 159,876 |  | $ | 1,603 |  | $ | — |  | $ | 658,819 |
Special mention | 9,678 |  | — |  | — |  | — |  | 789 |  | 241 |  | — |  | — |  | 10,708 |
Substandard | 607 |  | — |  | 5,807 |  | 812 |  | 4,371 |  | 25,677 |  | 221 |  | — |  | 37,495 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial Real Estate Loans | $ | 163,143 |  | $ | 115,111 |  | $ | 127,618 |  | $ | 44,459 |  | $ | 69,073 |  | $ | 185,794 |  | $ | 1,824 |  | $ | — |  | $ | 707,022 |
Consumer: |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |
Performing | $ | 482,530 |  | $ | 284,831 |  | $ | 154,819 |  | $ | 88,165 |  | $ | 38,852 |  | $ | 12,032 |  | $ | 504 |  | $ | — |  | $ | 1,061,733 |
Nonperforming | 758 |  | 1,468 |  | 607 |  | 325 |  | 157 |  | 87 |  | — |  | — |  | 3,402 |
Total Consumer Loans | $ | 483,288 |  | $ | 286,299 |  | $ | 155,426 |  | $ | 88,490 |  | $ | 39,009 |  | $ | 12,119 |  | $ | 504 |  | $ | — |  | $ | 1,065,135 |
Residential: |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |
Performing | $ | 210,565 |  | $ | 198,195 |  | $ | 128,372 |  | $ | 82,965 |  | $ | 74,281 |  | $ | 259,787 |  | $ | 111,563 |  | $ | — |  | $ | 1,065,728 |
Nonperforming | — |  | 255 |  | 939 |  | 597 |  | 520 |  | 2,311 |  | 407 |  | — |  | 5,029 |
Total Residential Loans | $ | 210,565 |  | $ | 198,450 |  | $ | 129,311 |  | $ | 83,562 |  | $ | 74,801 |  | $ | 262,098 |  | $ | 111,970 |  | $ | — |  | $ | 1,070,757 |
Total Loans | $ | 899,034 |  | $ | 628,578 |  | $ | 429,480 |  | $ | 224,846 |  | $ | 191,012 |  | $ | 483,884 |  | $ | 126,373 |  | $ | — |  | $ | 2,983,207 |
| Term Loans Amortized Cost Basis by Origination Year | Revolving Loans Amortized Cost Basis | Revolving Loan Converted to Term | Total
December 31, 2021 | 2021 | 2020 | 2019 | 2018 | 2017 | Prior
Commercial: |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |
Satisfactory | $ | 75,615 |  | $ | 35,522 |  | $ | 11,591 |  | $ | 11,661 |  | $ | 7,792 |  | $ | 3,442 |  | $ | 12,783 |  | $ | — |  | $ | 158,406 |
Special mention | — |  | — |  | 3 |  | — |  | — |  | 5,899 |  | — |  | — |  | 5,902 |
Substandard | 3,541 |  | 3,791 |  | 589 |  | — |  | 25 |  | 12 |  | 252 |  | — |  | 8,210 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial Loans | $ | 79,156 |  | $ | 39,313 |  | $ | 12,183 |  | $ | 11,661 |  | $ | 7,817 |  | $ | 9,353 |  | $ | 13,035 |  | $ | — |  | $ | 172,518 |
Commercial Real Estate: |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |
Satisfactory | $ | 140,636 |  | $ | 276,461 |  | $ | 42,369 |  | $ | 37,997 |  | $ | 22,155 |  | $ | 59,698 |  | $ | 1,923 |  | $ | — |  | $ | 581,239 |
Special mention | — |  | 7,893 |  | 1,204 |  | — |  | 137 |  | 1,906 |  | — |  | — |  | 11,140 |
Substandard | 7,248 |  | 16,405 |  | 3,910 |  | 96 |  | — |  | 8,867 |  | 24 |  | — |  | 36,550 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial Real Estate Loans | $ | 147,884 |  | $ | 300,759 |  | $ | 47,483 |  | $ | 38,093 |  | $ | 22,292 |  | $ | 70,471 |  | $ | 1,947 |  | $ | — |  | $ | 628,929 |
Consumer: |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |
Performing | $ | 402,558 |  | $ | 239,492 |  | $ | 154,517 |  | $ | 82,673 |  | $ | 29,587 |  | $ | 9,578 |  | $ | 455 |  | $ | — |  | $ | 918,860 |
Nonperforming | 388 |  | 399 |  | 502 |  | 151 |  | 160 |  | 96 |  | — |  | — |  | 1,696 |
Total Consumer Loans | $ | 402,946 |  | $ | 239,891 |  | $ | 155,019 |  | $ | 82,824 |  | $ | 29,747 |  | $ | 9,674 |  | $ | 455 |  | $ | — |  | $ | 920,556 |
Residential: |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |
Performing | $ | 187,708 |  | $ | 146,113 |  | $ | 93,547 |  | $ | 88,505 |  | $ | 93,524 |  | $ | 215,679 |  | $ | 118,595 |  | $ | — |  | $ | 943,671 |
Nonperforming | — |  | 133 |  | — |  | 27 |  | 162 |  | 1,907 |  | 38 |  | — |  | 2,267 |
Total Residential Loans | $ | 187,708 |  | $ | 146,246 |  | $ | 93,547 |  | $ | 88,532 |  | $ | 93,686 |  | $ | 217,586 |  | $ | 118,633 |  | $ | — |  | $ | 945,938 |
Total Loans | $ | 817,694 |  | $ | 726,209 |  | $ | 308,232 |  | $ | 221,110 |  | $ | 153,542 |  | $ | 307,084 |  | $ | 134,070 |  | $ | — |  | $ | 2,667,941 |
Troubled Debt Restructurings on Financing Receivables | The following table presents information on loans modified in trouble debt restructurings during the periods indicated:
Loans Modified in Trouble Debt Restructurings During the Period
|  |  | Commercial |  |  |  |  |  |
| Commercial |  | Real Estate |  | Consumer |  | Residential |  | Total
For the Year Ended: |  |  |  |  |  |  |  |  |
December 31, 2022 |  |  |  |  |  |  |  |  |
Number of Loans | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Pre-Modification Outstanding Recorded Investment | $ | — |  |  | $ | — |  |  | $ | 28 |  |  | $ | — |  |  | $ | 28 |
Post-Modification Outstanding Recorded Investment | — |  |  | — |  |  | 28 |  |  | — |  |  | 28 |
Subsequent Default, Number of Contracts | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subsequent Default, Recorded Investment | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commitments to lend additional funds to modified loans | — |  |  | — |  |  | — |  |  | — |  |  | — |
December 31, 2021 |  |  |  |  |  |  |  |  |
Number of Loans | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Pre-Modification Outstanding Recorded Investment | $ | — |  |  | $ | — |  |  | $ | 16 |  |  | $ | — |  |  | $ | 16 |
Post-Modification Outstanding Recorded Investment | — |  |  | — |  |  | 16 |  |  | — |  |  | 16 |
Subsequent Default, Number of Contracts | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subsequent Default, Recorded Investment | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commitments to lend additional funds to modified loans | — |  |  | — |  |  | — |  |  | — |  |  | — |

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