XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and amounts due from depository institutions $ 10,182 $ 9,606
Interest-earning deposits 195,990 402,023
Total cash and cash equivalents 206,172 411,629
Interest-earning time deposits 735 735
Debt securities available for sale 86,749 85,186
Equity investments 18,968 25,187
Loans held for sale 5 952
Loans receivable, net of allowance for loan losses of $34,113 and $37,119 respectively 2,620,630 2,304,942
Federal Home Loan Bank of New York stock, at cost 6,781 6,084
Premises and equipment, net 11,075 12,237
Accrued interest receivable 10,315 9,183
Other real estate owned 75 75
Deferred income taxes 13,583 12,959
Goodwill and other intangibles 5,406 5,431
Operating lease right-of-use assets 12,194 12,457
Bank-owned life insurance ("BOLI") 70,426 72,485
Other assets 9,657 7,986
Total Assets 3,072,771 2,967,528
LIABILITIES    
Non-interest-bearing deposits 595,167 588,207
Interest bearing deposits 2,059,863 1,973,195
Total deposits 2,655,030 2,561,402
FHLB advances 86,986 71,711
Subordinated debentures 37,391 37,275
Operating lease liability 12,496 12,752
Other liabilities 9,231 10,364
Total Liabilities 2,801,134 2,693,504
STOCKHOLDERS' EQUITY    
Preferred stock: $0.01 par value, 10,000,000 shares authorized; issued and outstanding 2,645 shares of Series H 3.5% and Series I 3.0%, (liquidation value $10,000 per share) noncumulative perpetual preferred stock at June 30, 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 16,563 28,923
Common stock: no par value; 40,000,000 shares authorized; issued 19,753,295 and 19,708,375 at June 30, 2022 and December 31, 2021, respectively, outstanding 16,984,538 and 16,940,133, at June 30, 2022 and December 31, 2021, respectively
Additional paid-in capital common stock 194,567 193,927
Retained earnings 95,393 81,171
Accumulated other comprehensive loss (2,997) 1,128
Treasury stock, at cost, 2,813,355 and 2,768,242 shares at June 30, 2022 and December 31, 2021, respectively (31,889) (31,125)
Total Stockholders' Equity 271,637 274,024
Total Liabilities and Stockholders' Equity $ 3,072,771 $ 2,967,528