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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and amounts due from depository institutions $ 11,795 $ 16,597
Interest-earning deposits 340,653 262,926
Total cash and cash equivalents 352,448 279,523
Interest-earning time deposits 735 735
Debt securities available for sale, at fair value 86,966 87,769
Equity investments, at fair value 9,223 9,093
Loans held for sale   1,287
Loans receivable, net of allowance for credit losses of $34,563 and $33,608 respectively 3,226,877 3,279,708
Federal Home Loan Bank of New York stock, at cost 24,917 24,917
Premises and equipment, net 12,744 13,057
Accrued interest receivable 17,442 16,072
Deferred income taxes, net 17,555 18,213
Goodwill and other intangibles 5,253 5,253
Operating lease right-of-use assets 12,186 12,935
Bank-owned life insurance ("BOLI") 74,081 73,407
Other assets 8,768 10,428
Total Assets 3,849,195 3,832,397
LIABILITIES    
Non-interest-bearing deposits 531,112 536,264
Interest bearing deposits 2,460,547 2,442,816
Total deposits 2,991,659 2,979,080
FHLB advances 472,949 472,811
Subordinated debentures 37,624 37,624
Operating lease liability 12,579 13,315
Other liabilities 14,253 15,512
Total Liabilities 3,529,064 3,518,342
STOCKHOLDERS' EQUITY    
Preferred stock: $0.01 par value, 10,000,000 shares authorized; issued and outstanding 2,797 shares Series I 3.0% and Series J 8.0% (liquidation value $10,000 per share) noncumulative perpetual preferred stock at March 31, 2024 and 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
Additional paid-in capital preferred stock 27,733 25,043
Common stock: no par value; 40,000,000 shares authorized; issued 20,191,362 and 20,138,294 at March 31, 2024 and December 31, 2023, respectively, outstanding 16,957,391 and 16,904,323, at March 31, 2024 and December 31, 2023, respectively
Additional paid-in capital common stock 199,726 198,923
Retained earnings 138,643 135,927
Accumulated other comprehensive loss (7,624) (7,491)
Treasury stock, at cost, 3,233,971 shares at March 31, 2024 and December 31, 2023 (38,347) (38,347)
Total Stockholders' Equity 320,131 314,055
Total Liabilities and Stockholders' Equity $ 3,849,195 $ 3,832,397