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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net Income $ 7,117 $ 2,521
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 634 734
Amortization and accretion, net (191) (579)
Provision for loan losses 1,865 1,500
Deferred income tax benefit (617) (293)
Loans originated for sale (10,074) (3,868)
Proceeds from sale of loans 12,731 4,008
Gain on sales of loans originated for sale (274) (61)
Realized and unrealized loss on equity investments 196 440
Stock-based compensation expense 135 279
BOLI income (701)  
Decrease (increase) in interest receivable 868 (618)
Decrease (increase) in other assets 3,124 (186)
Decrease in accrued interest payable (656) (516)
Increase in other liabilities 211 2,304
Net Cash Provided by Operating Activities 14,368 5,665
Cash flows from Investing Activities:    
Proceeds from repayments, calls, and maturities on securities available for sale 5,843 7,413
Purchases of securities (757) (7,502)
Proceeds from bulk sale of impaired loans 180  
Net (increase) decrease in loans receivable (2,891) 13,594
Purchases of BOLI (8,500)  
Additions to premises and equipment (158) (106)
Redemption (Purchase) of Federal Home Loan Bank of New York stock 2,404 (765)
Net Cash (Used In) Provided by Investing Activities (3,879) 12,634
Cash flows from Financing Activities:    
Net increase in deposits 86,085 13,658
Proceeds from Federal Home Loan Bank of New York advances 10,000 27,000
Repayments of Federal Home Loan Bank of New York Advances (68,000) (10,000)
Purchases of treasury stock (412) (1,287)
Cash dividends paid on common stock (2,281) (2,336)
Cash dividends paid on preferred stock (283) (342)
Net proceeds (costs) from issuance of common stock 111 (24)
Net payment on redemption of preferred stock   (140)
Exercise of stock options   5
Net Cash Provided by Financing Activities 25,220 26,534
Net Increase in Cash and Cash Equivalents 35,709 44,833
Cash and Cash Equivalents - Beginning 261,229 550,353
Cash and Cash Equivalents - Ending 296,938 595,186
Supplementary Cash Flow Information:    
Cash paid during the year for: Income taxes 375 279
Cash paid during the year for: Interest $ 5,169 $ 11,157