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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and amounts due from depository institutions $ 11,146 $ 16,597
Interest-earning deposits 315,724 262,926
Total cash and cash equivalents 326,870 279,523
Interest-earning time deposits 735 735
Debt securities available for sale, at fair value 85,964 87,769
Equity investments, at fair value 9,001 9,093
Loans held for sale 35,187 1,287
Loans receivable, net of allowance for credit losses of $35,243 and $33,608 respectively 3,161,925 3,279,708
Federal Home Loan Bank of New York stock, at cost 25,001 24,917
Premises and equipment, net 12,346 13,057
Accrued interest receivable 16,576 16,072
Deferred income taxes, net 17,227 18,213
Goodwill and other intangibles 5,253 5,253
Operating lease right-of-use assets 13,556 12,935
Bank-owned life insurance ("BOLI") 74,752 73,407
Other assets 9,548 10,428
Total Assets 3,793,941 3,832,397
LIABILITIES    
Non-interest-bearing deposits 523,816 536,264
Interest bearing deposits 2,411,423 2,442,816
Total deposits 2,935,239 2,979,080
FHLB advances 473,086 472,811
Subordinated debentures 37,624 37,624
Operating lease liability 13,973 13,315
Other liabilities 13,287 15,512
Total Liabilities 3,473,209 3,518,342
STOCKHOLDERS' EQUITY    
Preferred stock: $0.01 par value, 10,000,000 shares authorized; issued and outstanding 2,864 shares Series I 3.0% and Series J 8.0% (liquidation value $10,000 per share) noncumulative perpetual preferred stock at June 30, 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 28,403 25,043
Common stock: no par value; 40,000,000 shares authorized; issued 20,263,325 and 20,138,294 at June 30, 2024 and December 31, 2023, respectively, outstanding 17,029,354 and 16,904,323, at June 30, 2024 and December 31, 2023, respectively
Additional paid-in capital common stock 200,162 198,923
Retained earnings 138,309 135,927
Accumulated other comprehensive loss (7,795) (7,491)
Treasury stock, at cost, 3,233,971 shares at June 30, 2024 and December 31, 2023 (38,347) (38,347)
Total Stockholders' Equity 320,732 314,055
Total Liabilities and Stockholders' Equity $ 3,793,941 $ 3,832,397