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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net Income $ 20,115 $ 15,167
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 1,242 1,280
Amortization and accretion, net (522) (428)
(Credit) provision for loan losses (2,575) 4,160
Deferred income tax expense (benefit) 736 (1,241)
Loans originated for sale (4,856) (19,621)
Proceeds from sales of loans 5,911 20,489
Gain on sales of loans originated for sale (108) (492)
Gain on sale of premises   (371)
Realized and unrealized losses (gain) on equity investments 4,987 (303)
Loss on bulk sale of impaired loans held in portfolio   64
Stock-based compensation expense 191 251
BOLI Income (1,441) (1,430)
(Increase) decrease in interest receivable (1,132) 2,303
(Increase) decrease in other assets (1,671) 824
Decrease in accrued interest payable (46) (265)
(Decrease) increase in other liabilities (1,087) 938
Net Cash Provided by Operating Activities 19,744 21,325
Cash flows from investing activities:    
Proceeds from repayments, calls, and maturities on securities available for sale 8,118 24,388
Purchases of securities (15,488) (11,129)
Proceeds from bulk sale of impaired loans   2,364
Proceeds from sales of securities 1,232  
Net increase in loans receivable (311,845) (22,954)
Purchases of BOLI   (8,500)
Proceeds from BOLI 3,500  
Additions to premises and equipment (81) (198)
Proceeds from the sale of fixed assets and premises   742
Redemption of Federal Home Loan Bank of New York stock (697) 2,443
Net Cash Used In Investing Activities (315,261) (12,844)
Cash flows from financing activities:    
Net increase in deposits 93,628 127,764
Proceeds from Federal Home Loan Bank of New York Advances 15,000 10,000
Repayments of Federal Home Loan Bank of New York Advances   (73,000)
Purchases of treasury stock (764) (1,279)
Cash dividends paid on common stock (5,213) (4,593)
Cash dividends paid on preferred stock (450) (567)
Net proceeds from issuance of common stock 219 222
Net proceeds from issuance of preferred stock 2,370  
Net payment for redemption of preferred stock (14,730)  
Net Cash Provided by Financing Activities 90,060 58,547
Net Increase (Decrease) in Cash and Cash Equivalents (205,457) 67,028
Cash and Cash Equivalents - Beginning 411,629 261,229
Cash and Cash Equivalents - Ending 206,172 328,257
Supplementary Cash Flow Information:    
Cash paid during the year for: Income taxes 9,948 6,800
Cash paid during the year for: Interest $ 5,419 $ 8,718