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Consolidated Statements of Financial Condition - USD ($)
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and amounts due from depository institutions $ 16,597,000 $ 11,520,000
Interest-earning deposits 262,926,000 217,839,000
Total cash and cash equivalents 279,523,000 229,359,000
Interest-earning time deposits 735,000 735,000
Debt securities available for sale, at fair value 87,769,000 91,715,000
Equity investments 9,093,000 17,686,000
Loans held for sale 1,287,000 658,000
Loans receivable, net of allowance for credit losses of $33,608 and $32,373, respectively 3,279,708,000 3,045,331,000
Federal Home Loan Bank of New York stock, at cost 24,917,000 20,113,000
Premises and equipment, net 13,057,000 10,508,000
Accrued interest receivable 16,072,000 13,455,000
Other real estate owned   75,000
Deferred income taxes 18,213,000 16,462,000
Goodwill and other intangibles 5,253,000 5,382,000
Operating lease right-of-use assets 12,935,000 13,520,000
Bank-owned life Insurance ("BOLI") 73,407,000 71,656,000
Other assets 10,428,000 9,538,000
Total Assets 3,832,397,000 3,546,193,000
LIABILITIES    
Non-interest-bearing deposits 536,264,000 613,910,000
Interest bearing deposits 2,442,816,000 2,197,697,000
Total deposits 2,979,080,000 2,811,607,000
FHLB Advances 472,811,000 382,261,000
Subordinated debentures 37,624,000 37,508,000
Operating lease liability 13,315,000 13,859,000
Other liabilities 15,512,000 9,704,000
Total Liabilities 3,518,342,000 3,254,939,000
STOCKHOLDERS' EQUITY    
Preferred stock: $0.01 par value, 10,000,000 shares authorized; issued and outstanding 2,528 shares of Series I 3.0% and Series J 8.0% (liquidation value $10,000 per share) noncumulative perpetual preferred stock at December 31, 2023 and 2,124 shares of Series H 3.5% and Series I 3% (liquidation value $10,000 per share) noncumulative perpetual preferred stock at December 31, 2022
Additional paid-in capital preferred stock 25,043,000 21,003,000
Common stock: no par value; 40,000,000 shares authorized, issued 20,138,294 and 19,898,197 at December 31, 2023 and December 31, 2022, respectively, outstanding 16,904,323 shares and 16,930,979 shares, at December 31, 2023 and December 31, 2022, respectively
Additional paid-in capital common stock 198,923,000 196,164,000
Retained earnings 135,927,000 115,109,000
Accumulated other comprehensive loss (7,491,000) (6,491,000)
Treasury stock, at cost, 3,233,971 and 2,967,218 shares at December 31, 2023 and December 31, 2022 respectively (38,347,000) (34,531,000)
Total Stockholders' Equity 314,055,000 291,254,000
Total Liabilities and Stockholders' Equity $ 3,832,397,000 $ 3,546,193,000