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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and amounts due from depository institutions $ 8,448 $ 9,606
Interest-earning deposits 388,205 402,023
Total cash and cash equivalents 396,653 411,629
Interest-earning time deposits 735 735
Debt securities available for sale 86,307 85,186
Equity investments 21,269 25,187
Loans held for sale 325 952
Loans receivable, net of allowance for loan losses of $33,980 and $37,119, respectively 2,395,930 2,304,942
Federal Home Loan Bank of New York stock, at cost 6,128 6,084
Premises and equipment, net 11,646 12,237
Accrued interest receivable 9,593 9,183
Other real estate owned 75 75
Deferred income taxes 13,016 12,959
Goodwill and other intangibles 5,417 5,431
Operating lease right-of-use assets 11,883 12,457
Bank-owned life insurance ("BOLI") 73,240 72,485
Other assets 8,093 7,986
Total Assets 3,040,310 2,967,528
LIABILITIES    
Non-interest-bearing deposits 621,402 588,207
Interest bearing deposits 2,009,773 1,973,195
Total deposits 2,631,175 2,561,402
FHLB advances 71,848 71,711
Subordinated debentures 37,333 37,275
Operating lease liability 12,180 12,752
Other liabilities 11,615 10,364
Total Liabilities 2,764,151 2,693,504
STOCKHOLDERS' EQUITY    
Preferred stock: $0.01 par value, 10,000,000 shares authorized; issued and outstanding 2,645 shares of Series D 4.5%, Series H 3.5% and Series I 3.0%, (liquidation value $10,000 per share) noncumulative perpetual preferred stock at March 31, 2022 and 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
Additional paid-in capital preferred stock 26,213 28,923
Common stock: no par value; 40,000,000 shares authorized; issued 19,753,295 and 19,708,375 at March 31, 2022 and December 31, 2021, respectively, outstanding 16,984,538 and 16,940,133, at March 31, 2022 and December 31, 2021, respectively
Additional paid-in capital common stock 194,222 193,927
Retained earnings 88,132 81,171
Accumulated other comprehensive loss (1,275) 1,128
Treasury stock, at cost, 2,768,757 and 2,768,242 shares at March 31, 2022 and December 31, 2021, respectively (31,133) (31,125)
Total Stockholders' Equity 276,159 274,024
Total Liabilities and Stockholders' Equity $ 3,040,310 $ 2,967,528