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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities:    
Net Income $ 15,167 $ 5,247
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 1,280 1,469
Amortization and accretion, net (428) (1,148)
Provision for loan losses 4,160 4,800
Deferred income tax benefit (1,241) (1,129)
Loans originated for sale (19,621) (7,093)
Proceeds from sale of loans 20,489 7,368
Gain on sales of loans originated for sale (492) (118)
Gain on sales of securities available for sale   (40)
Gain on sale of premises (371)  
Realized and unrealized gains on equity investments (303) (2)
Loss on bulk sale of impaired loans held in portfolio 64  
Stock-based compensation expense 251 559
BOLI income (1,430)  
Decrease (increase) in interest receivable 2,303 (8,251)
Decrease in other assets 824 512
Decrease in accrued interest payable (265) (216)
Increase in other liabilities 938 651
Net Cash Provided by Operating Activities 21,325 2,609
Cash flows from Investing Activities:    
Proceeds from repayments, calls, and maturities on securities available for sale 24,388 13,631
Purchases of securities (11,129) (56,515)
Proceeds from bulk sale of impaired loans 2,364  
Proceeds from sales of securities   564
Purchase of loans   (48,360)
Net increase in loans receivable (22,954) (120,091)
Purchases of BOLI (8,500)  
Additions to premises and equipment (198) (202)
Proceeds from the sale of fixed assets and premises 742  
Redemption of Federal Home Loan Bank of New York stock 2,443 292
Net Cash Used In Investing Activities (12,844) (210,681)
Cash flows from Financing Activities:    
Net increase in deposits 127,764 80,170
Proceeds from Federal Home Loan Bank of New York advances 10,000 27,000
Repayments of Federal Home Loan Bank of New York Advances (73,000) (30,000)
Purchases of treasury stock (1,279) (4,870)
Cash dividends paid on common stock (4,593) (4,688)
Cash dividends paid on preferred stock (567) (682)
Net proceeds from issuance of common stock 222 93
Net proceeds from issuance of preferred stock   3,080
Net payment on redemption of preferred stock   (140)
Exercise of stock options   5
Net Cash Provided by Financing Activities 58,547 69,968
Net Increase (Decrease) in Cash and Cash Equivalents 67,028 (138,104)
Cash and Cash Equivalents - Beginning 261,229 550,353
Cash and Cash Equivalents - Ending 328,257 412,249
Supplementary Cash Flow Information:    
Cash paid during the year for: Income taxes 6,800 2,964
Cash paid during the year for: Interest $ 8,718 $ 20,072