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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:      
Net Income $ 15,351 $ 23,421 $ 33,507
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of premises and equipment 1,322 1,480 1,735
Amortization and accretion, net (1,191) (1,835) (1,005)
Provision (benefit) for credit losses [1] 7,416 4,177 (2,575)
Deferred income tax expense (benefit) 251 782 (505)
Loans originated for sale (4,035) (1,528) (5,733)
Proceeds from sales of loans 38,991 1,739 6,811
(Loss) gain on sales of loans 4,771 (25) (126)
Gain on sale of fixed asset (4)    
Realized and unrealized (gain) loss on equity investments (1,040) 4,390 5,546
Stock-based compensation expense 626 402 458
Increase in cash surrender value of BOLI (1,998) (1,154) (2,087)
Net change in accrued interest receivable (424) (2,720) (1,910)
Net change in other assets 1,684 (246) 700
Net change in accrued interest payable (1,283) 2,662 (214)
Net change in other liabilities (496) 2,946 (1,841)
Net Cash Provided by Operating Activities 59,941 34,491 32,761
Cash flows from investing activities:      
Proceeds from repayments, calls, and maturities on securities available for sale 2,343 13,653 9,310
Purchases of securities (10,349) (12,498) (26,968)
Proceeds from sales of securities   5,024 1,232
Proceeds from sales of fixed asset 4    
Proceeds from the sale of portfolio loans 2,014    
Net decrease (increase) in loans receivable 145,368 (239,035) (477,429)
Proceeds from BOLI     3,500
Additions to premises and equipment (273) (4,335) (221)
Purchase (redemption) of Federal Home Loan Bank of New York stock 185 (11,516) (6,304)
Net Cash Provided by (Used In) Investing Activities 139,292 (248,707) (496,880)
Cash flows from financing activities:      
Net (decrease) increase in deposits (254,500) 7,949 151,544
Proceeds from Federal Home Loan Bank of New York Long Term Advances   400,000  
Repayments of Federal Home Loan Bank of New York Advances (6,800)    
Net change in Federal Home Loan Bank of New York Short Term Advances   (160,000) 140,000
Purchases of treasury stock   (3,816) (1,998)
Cash dividends paid on common stock (7,820) (7,864) (7,809)
Cash dividends paid on preferred stock (1,357) (520) (624)
Net proceeds from issuance of common stock 725 826 319
Net proceeds from issuance of preferred stock 4,720   6,809
Payments for redemption of preferred stock   (220) (14,730)
Net proceeds from issuance of subordinated debt 38,799    
Net payment from redemption of subordinated debt (9,400)    
Exercise of stock options   418 3
Net Cash (Used in) Provided by Financing Activities (235,633) 236,773 273,514
Net (Decrease) Increase in Cash and Cash Equivalents (36,400) 22,557 (190,605)
Cash and Cash Equivalents-Beginning 279,523 229,359 411,629
Cash and Cash Equivalents-Ending 243,123 251,916 221,024
Supplementary Cash Flow Information:      
Cash paid during the period for: Income taxes 3,429 12,322 13,615
Cash paid during the period for: Interest 78,812 $ 55,853 $ 9,036
Transfer of loans receivable to loans held for sale $ 38,402    
[1] The Company adopted ASU 2016-13 as of January 1, 2023. Prior year periods have not been restated.