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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities:    
Net Income $ 8,106 $ 9,952
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 478 629
Amortization and accretion, net (474) (375)
Provision (credit) for loan losses [1] 622 (2,575)
Deferred income tax expense 1,149 735
Loans originated for sale   (2,452)
Proceeds from sales of loans 664 3,144
Gain on sales of loans originated for sale (6) (65)
Realized and unrealized losses on equity investments 3,227 2,685
Stock-based compensation expense 106 95
BOLI income (421) (755)
Increase in accrued interest receivable (1,262) (410)
Decrease (increase) in other assets 1,100 (107)
Increase (decrease) in accrued interest payable 1,304 (497)
Increase in other liabilities 1,821 1,748
Net Cash Provided by Operating Activities 16,414 11,752
Cash flows from investing activities:    
Proceeds from repayments, calls, and maturities on securities available for sale 4,661 3,068
Purchases of securities available for sale   (7,488)
Proceeds from sales of securities available for sale   1,233
Net increase in loans receivable (183,527) (87,723)
Additions to premises and equipment (76) (38)
Purchase of Federal Home Loan Bank of New York stock (6,762) (44)
Net Cash Used In Investing Activities (185,704) (90,992)
Cash flows from financing activities:    
Net increase in deposits 55,602 69,773
Proceeds from Federal Home Loan Bank of New York Long Term Advances 50,000  
Net proceeds from Federal Home Loan Bank of New York Short Term Advances 100,000  
Purchases of treasury stock (2,559) (8)
Cash dividends paid on common stock (2,687) (2,601)
Cash dividends paid on preferred stock (173) (276)
Net proceeds from issuance of common stock 405 86
Net proceeds from issuance of preferred stock   2,620
Payment for redemption of preferred stock   (5,330)
Exercise of Stock Options 418  
Net Cash Provided by Financing Activities 201,006 64,264
Net (Decrease) Increase in Cash and Cash Equivalents 31,716 (14,976)
Cash and Cash Equivalents-Beginning 229,359 411,629
Cash and Cash Equivalents-Ending 261,075 396,653
Supplementary Cash Flow Information:    
Cash paid during the period for: Income taxes 797 411
Cash paid during the period for: Interest $ 13,578 $ 3,150
[1] The Company adopted ASU 2016-13 as of January 1, 2023. Prior year periods have not been restated.