XML 18 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Financial Condition - USD ($)
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and amounts due from depository institutions $ 9,606,000 $ 23,201,000
Interest-earning deposits 402,023,000 238,028,000
Total cash and cash equivalents 411,629,000 261,229,000
Interest-earning time deposits 735,000 735,000
Debt securities available for sale 85,186,000 99,756,000
Equity investments 25,187,000 17,717,000
Loans held for sale 952,000 3,530,000
Loans receivable, net of allowance for loan losses of $37,119 and $33,639 respectively 2,304,942,000 2,295,021,000
Federal Home Loan Bank of New York stock, at cost 6,084,000 11,324,000
Premises and equipment, net 12,237,000 15,272,000
Accrued interest receivable 9,183,000 12,924,000
Other real estate owned 75,000 414,000
Deferred income taxes 12,959,000 12,574,000
Goodwill and other intangibles 5,431,000 5,488,000
Operating lease right-of-use assets 12,457,000 14,988,000
Bank-owned life insurance ("BOLI") 72,485,000 61,033,000
Other assets 7,986,000 9,011,000
Total Assets 2,967,528,000 2,821,016,000
LIABILITIES    
Non-interest-bearing deposits 588,207,000 402,100,000
Interest bearing deposits 1,973,195,000 1,915,950,000
Total deposits 2,561,402,000 2,318,050,000
FHLB advances 71,711,000 191,161,000
Subordinated debentures 37,275,000 37,042,000
Operating lease liability 12,752,000 15,224,000
Other liabilities 10,364,000 10,328,000
Total Liabilities 2,693,504,000 2,571,805,000
STOCKHOLDERS' EQUITY    
Preferred stock: $0.01 par value, 10,000,000 shares authorized; issued and outstanding 2,916 shares of Series D 4.5%, Series G 6%, Series H 3.5%, and Series I 3% (liquidation value $10,000 per share) noncumulative perpetual preferred stock at December 31, 2021 and 2,596 shares of Series D 4.5%, Series G 6%, and Series H 3.5% (liquidation value $10,000 per share) noncumulative perpetual preferred stock at December 31, 2020
Additional paid-in capital preferred stock 28,923,000 25,723,000
Common stock: no par value; 40,000,000 shares authorized; issued 19,708,375 and 19,574,858 at December 31, 2021 and December 31, 2020 respectively, outstanding 16,940,133 shares and 17,107,640 shares, at December 31, 2021 and December 31, 2020 respectively
Additional paid-in capital common stock 193,927,000 192,276,000
Retained earnings 81,171,000 58,335,000
Accumulated other comprehensive income (loss) 1,128,000 (205,000)
Treasury stock, at cost, 2,768,242 and 2,467,218 shares at December 31, 2021 and December 31, 2020 respectively (31,125,000) (26,918,000)
Total Stockholders' Equity 274,024,000 249,211,000
Total Liabilities and Stockholders' Equity $ 2,967,528,000 $ 2,821,016,000