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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and amounts due from depository institutions $ 13,213 $ 11,520
Interest-earning deposits 247,862 217,839
Total cash and cash equivalents 261,075 229,359
Interest-earning time deposits 735 735
Debt securities available for sale 86,988 91,715
Equity investments 14,458 17,686
Loans held for sale   658
Loans receivable, net of allowance for credit losses of $28,882 and $32,373 respectively 3,231,864 3,045,331 [1]
Federal Home Loan Bank of New York stock, at cost 26,875 20,113
Premises and equipment, net 10,106 10,508
Accrued interest receivable 14,717 13,455
Other real estate owned 75 75
Deferred income taxes 15,178 16,462
Goodwill and other intangibles 5,359 5,382
Operating lease right-of-use assets 15,111 13,520
Bank-owned life insurance ("BOLI") 72,077 71,656
Other assets 8,438 9,538
Total Assets 3,763,056 3,546,193
LIABILITIES    
Non-interest -bearing deposits 604,935 613,910
Interest-bearing deposits 2,262,274 2,197,697
Total deposits 2,867,209 2,811,607
FHLB advances 532,399 382,261
Subordinated debentures 37,566 37,508
Operating lease liability 15,436 13,859
Other liabilities 12,828 9,704
Total Liabilities 3,465,438 3,254,939
STOCKHOLDERS' EQUITY    
Preferred stock: $0.01 par value, 10,000,000 shares authorized; issued and outstanding 2,123 shares Series H 3.5% and Series I 3.0%, (liquidation value $10,000 per share) noncumulative perpetual preferred stock at March 31, 2023 and December 31, 2022
Additional paid-in capital preferred stock 21,003 21,003
Common stock: no par value; 40,000,000 shares authorized; issued 20,002,738 and 19,898,197 at March 31, 2023 and December 31, 2022, respectively, outstanding 16,883,767 and 16,930,979, at March 31, 2023 and December 31, 2022, respectively
Additional paid-in capital common stock 197,197 196,164
Retained earnings 123,121 115,109
Accumulated other comprehensive loss (6,613) (6,491)
Treasury stock, at cost, 3,118,971 and 2,967,218 shares at March 31, 2023 and December 31, 2022, respectively (37,090) (34,531)
Total Stockholders' Equity 297,618 291,254
Total Liabilities and Stockholders' Equity $ 3,763,056 $ 3,546,193
[1] The Company adopted ASU 2016-13 as of January 1, 2023. Prior year periods have not been restated.