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Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Treasury Stock, At Cost
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Unallocated Common Stock of ESOP
Balance at Dec. 31, 2021 $ 189,256   $ 185 $ (13,687) $ 85,601 $ 122,956 $ (1,456) $ (4,343)
Balance, Shares at Dec. 31, 2021     17,425,987          
Net income (loss) (6,820)         (6,820)    
Other comprehensive income (loss), net of tax (5,579)           (5,579)  
Conversion and reorganization of PDL Community Bancorp 118,010   $ 58   117,952      
Conversion and reorganization of PDL Community Bancorp, shares     5,788,972          
Retirement of treasury stock     $ (11) 13,687 (13,676)      
Purchase of shares by the Employee Stock Ownership Plan ("ESOP')     $ 11   10,963     (10,974)
Purchase of shares by the Employee Stock Ownership Plan ("ESOP'), shares     1,097,353          
Issuance of shares to the Ponce De Leon Foundation 3,995   $ 4   3,991      
Issuance of shares to the Ponce De Leon Foundation, shares     399,522          
Release of restricted stock units, shares     12,440          
ESOP shares committed to be released 366       61     305
Share-based compensation 351       351      
Balance at Mar. 31, 2022 299,579   $ 247   205,243 116,136 (7,035) (15,012)
Balance, Shares at Mar. 31, 2022     24,724,274          
Balance at Dec. 31, 2021 189,256   $ 185 (13,687) 85,601 122,956 (1,456) (4,343)
Balance, Shares at Dec. 31, 2021     17,425,987          
Net income (loss) (20,787)              
Balance at Sep. 30, 2022 500,683 $ 225,000 $ 247   206,092 102,169 (18,420) (14,405)
Balance, Shares at Sep. 30, 2022   225,000 24,728,460          
Balance at Mar. 31, 2022 299,579   $ 247   205,243 116,136 (7,035) (15,012)
Balance, Shares at Mar. 31, 2022     24,724,274          
Net income (loss) 771         771    
Other comprehensive income (loss), net of tax (7,997)           (7,997)  
Issuance of preferred shares 225,000 $ 225,000            
Issuance of preferred shares, shares   225,000            
ESOP shares committed to be released 324       21     303
Share-based compensation 405       405      
Balance at Jun. 30, 2022 518,082 $ 225,000 $ 247   205,669 116,907 (15,032) (14,709)
Balance, Shares at Jun. 30, 2022   225,000 24,724,274          
Net income (loss) (14,738)         (14,738)    
Other comprehensive income (loss), net of tax (3,388)           (3,388)  
Release of restricted stock units, shares     4,186          
ESOP shares committed to be released 322       18     304
Share-based compensation 405       405      
Balance at Sep. 30, 2022 500,683 $ 225,000 $ 247   206,092 102,169 (18,420) (14,405)
Balance, Shares at Sep. 30, 2022   225,000 24,728,460          
Balance at Dec. 31, 2022 492,700 $ 225,000 $ 249 (2) 206,508 92,955 (17,860) (14,150)
Balance, Shares at Dec. 31, 2022   225,000 24,859,353          
Net income (loss) 331         331    
Other comprehensive income (loss), net of tax 1,231           1,231  
Impact of CECL adoption, net of tax 1,113         1,113    
Release of restricted stock units, shares     4,147          
ESOP shares committed to be released 262       (29)     291
Share-based compensation 404       404      
Balance at Mar. 31, 2023 496,041 $ 225,000 $ 249 (2) 206,883 94,399 (16,629) (13,859)
Balance, Shares at Mar. 31, 2023   225,000 24,863,500          
Balance at Dec. 31, 2022 492,700 $ 225,000 $ 249 (2) 206,508 92,955 (17,860) (14,150)
Balance, Shares at Dec. 31, 2022   225,000 24,859,353          
Net income (loss) $ 2,834              
Repurchases of common stock, Shares (1,235,000)              
Balance at Sep. 30, 2023 $ 485,058 $ 225,000 $ 249 (10,975) 207,626 96,902 (20,468) (13,276)
Balance, Shares at Sep. 30, 2023   225,000 23,653,600          
Balance at Mar. 31, 2023 496,041 $ 225,000 $ 249 (2) 206,883 94,399 (16,629) (13,859)
Balance, Shares at Mar. 31, 2023   225,000 24,863,500          
Net income (loss) (87)         (87)    
Other comprehensive income (loss), net of tax (968)           (968)  
Repurchases of common stock (5,200)     (5,200)        
Repurchases of common stock, Shares     (615,948)          
Release of restricted stock units, shares     21,235          
ESOP shares committed to be released 292             292
Share-based compensation 404       404      
Balance at Jun. 30, 2023 490,482 $ 225,000 $ 249 (5,202) 207,287 94,312 (17,597) (13,567)
Balance, Shares at Jun. 30, 2023   225,000 24,268,787          
Net income (loss) 2,590         2,590    
Other comprehensive income (loss), net of tax (2,871)           (2,871)  
Repurchases of common stock (5,809)     (5,809)        
Repurchases of common stock, Shares     (619,052)          
Release of restricted stock units       36 (36)      
Release of restricted stock units, shares     3,865          
ESOP shares committed to be released 261       (30)     291
Share-based compensation 405       405      
Balance at Sep. 30, 2023 $ 485,058 $ 225,000 $ 249 $ (10,975) $ 207,626 $ 96,902 $ (20,468) $ (13,276)
Balance, Shares at Sep. 30, 2023   225,000 23,653,600