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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities:    
Net Income $ 16,710 $ 20,115
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 964 1,242
Amortization and accretion, net (1,080) (522)
Provision (benefit) for credit losses [1] 1,972 (2,575)
Deferred income tax expense (benefit) 877 736
Loans originated for sale   (4,856)
Proceeds from sales of loans 664 5,911
Gain on sales of loans originated for sale (6) (108)
Realized and unrealized losses (gains) on equity investments 3,896 4,987
Stock-based compensation expense 217 191
BOLI Income (688) (1,441)
(Increase) decrease in accrued interest receivable (1,929) (1,132)
(Increase) decrease in other assets (716) (1,671)
Increase (decrease) in accrued interest payable 2,747 (46)
Increase (decrease) in other liabilities 895 (1,087)
Net Cash Provided by Operating Activities 24,523 19,744
Cash flows from investing activities:    
Proceeds from repayments, calls, and maturities on securities available for sale 5,579 8,118
Purchases of securities (5,453) (15,488)
Proceeds from sales of securities 965 1,232
Net increase in loans receivable (271,806) (311,845)
Proceeds from BOLI   3,500
Additions to premises and equipment (4,017) (81)
Purchase of Federal Home Loan Bank of New York stock (11,554) (697)
Net Cash Used In Investing Activities (286,286) (315,261)
Cash flows from financing activities:    
Net increase in deposits 74,114 93,628
Proceeds from Federal Home Loan Bank of New York Long Term Advances 250,000 15,000
Net change in Federal Home Loan Bank of New York Short Term Advances (10,000)  
Purchases of treasury stock (3,816) (764)
Cash dividends paid on common stock (5,280) (5,213)
Cash dividends paid on preferred stock (347) (450)
Net proceeds from issuance of common stock 527 219
Net proceeds from issuance of preferred stock   2,370
Payments for redemption of preferred stock   (14,730)
Exercise of stock options 418  
Net Cash Provided by Financing Activities 305,616 90,060
Net Increase (Decrease) in Cash and Cash Equivalents 43,853 (205,457)
Cash and Cash Equivalents-Beginning 229,359 411,629
Cash and Cash Equivalents-Ending 273,212 206,172
Supplementary Cash Flow Information:    
Cash paid during the period for: Income taxes 8,522 9,948
Cash paid during the period for: Interest $ 32,382 $ 5,419
[1] The Company adopted ASU 2016-13 as of January 1, 2023. Prior year periods have not been restated.