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Consolidated Statements of Financial Condition - USD ($)
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and amounts due from depository institutions $ 11,520,000 $ 9,606,000
Interest-earning deposits 217,839,000 402,023,000
Total cash and cash equivalents 229,359,000 411,629,000
Interest-earning time deposits 735,000 735,000
Debt securities available for sale 91,715,000 85,186,000
Equity investments 17,686,000 25,187,000
Loans held for sale 658,000 952,000
Loans receivable, net of allowance for loan losses of $32,373 and $37,119 respectively 3,045,331,000 2,304,942,000
Federal Home Loan Bank of New York stock, at cost 20,113,000 6,084,000
Premises and equipment, net 10,508,000 12,237,000
Accrued interest receivable 13,455,000 9,183,000
Other real estate owned 75,000 75,000
Deferred income taxes 16,462,000 12,959,000
Goodwill and other intangibles 5,382,000 5,431,000
Operating lease right-of-use assets 13,520,000 12,457,000
Bank-owned Life Insurance ("BOLI") 71,656,000 72,485,000
Other assets 9,538,000 7,986,000
Total Assets 3,546,193,000 2,967,528,000
LIABILITIES    
Non-interest-bearing deposits 613,910,000 588,207,000
Interest bearing deposits 2,197,697,000 1,973,195,000
Total deposits 2,811,607,000 2,561,402,000
FHLB Advances 382,261,000 71,711,000
Subordinated debentures 37,508,000 37,275,000
Operating lease liability 13,859,000 12,752,000
Other liabilities 9,704,000 10,364,000
Total Liabilities 3,254,939,000 2,693,504,000
STOCKHOLDERS' EQUITY    
Preferred stock: $0.01 par value, 10,000,000 shares authorized; issued and outstanding 2,123 shares of Series H 3.5% and Series I 3.0%, (liquidation value $10,000 per share) noncumulative perpetual preferred stock at December 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 21,003,000 28,923,000
Common stock: no par value; 40,000,000 shares authorized; issued 19,898,197 and 19,708,375 at December 31, 2022 and December 31, 2021 respectively, outstanding 16,930,979 shares and 16,940,133 shares, at December 31, 2022 and December 31, 2021 respectively
Additional paid-in capital common stock 196,164,000 193,927,000
Retained earnings 115,109,000 81,171,000
Accumulated other comprehensive income (loss) (6,491,000) 1,128,000
Treasury stock, at cost, 2,967,218 and 2,768,242 shares at December 31, 2022 and December 31, 2021 respectively (34,531,000) (31,125,000)
Total Stockholders' Equity 291,254,000 274,024,000
Total Liabilities and Stockholders' Equity $ 3,546,193,000 $ 2,967,528,000