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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and amounts due from depository institutions $ 12,617 $ 16,597
Interest-earning deposits 230,506 262,926
Total cash and cash equivalents 243,123 279,523
Interest-earning time deposits 735 735
Debt securities available for sale, at fair value 98,169 87,769
Equity investments, at fair value 10,133 9,093
Loans held for sale 250 1,287
Loans receivable, net of allowance for credit losses of $34,693 and $33,608, respectively 3,087,914 3,279,708
Federal Home Loan Bank of New York stock, at cost 24,732 24,917
Premises and equipment, net 12,008 13,057
Accrued interest receivable 16,496 16,072
Deferred income taxes, net 17,370 18,213
Goodwill and other intangibles 5,253 5,253
Operating lease right-of-use assets 13,438 12,935
Bank-owned life insurance ("BOLI") 75,404 73,407
Other assets 8,745 10,428
Total Assets 3,613,770 3,832,397
LIABILITIES    
Non-interest-bearing deposits 528,089 536,264
Interest-bearing deposits 2,196,491 2,442,816
Total deposits 2,724,580 2,979,080
FHLB advances 466,424 472,811
Subordinated debentures 67,042 37,624
Operating lease liability 13,878 13,315
Other liabilities 13,733 15,512
Total Liabilities 3,285,657 3,518,342
STOCKHOLDERS' EQUITY    
Preferred stock: $0.01 par value, 10,000,000 shares authorized; issued and outstanding 3000 shares Series I 3.0% and Series J 8.0% (liquidation value $10,000 per share) noncumulative perpetual preferred stock at September 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 29,763 25,043
Common stock: no par value; 40,000,000 shares authorized; issued 20,281,945 and 20,138,294 at September 30, 2024 and December 31, 2023, respectively, outstanding 17,047,974 and 16,904,323, at September 30, 2024 and December 31, 2023, respectively
Additional paid-in capital common stock 200,605 198,923
Retained earnings 141,770 135,927
Accumulated other comprehensive loss (5,678) (7,491)
Treasury stock, at cost, 3,233,971 shares at September 30, 2024 and December 31, 2023 (38,347) (38,347)
Total Stockholders' Equity 328,113 314,055
Total Liabilities and Stockholders' Equity $ 3,613,770 $ 3,832,397