XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and amounts due from depository institutions $ 11,977 $ 14,075
Interest-earning deposits 240,773 303,207
Total cash and cash equivalents 252,750 317,282
Interest-earning time deposits 735 735
Debt securities available for sale, at fair value 116,496 101,717
Equity investments, at fair value 9,357 9,472
Loans receivable, net of allowance for credit losses of $51,484 and $34,789 respectively 2,917,610 2,996,259
Federal Home Loan Bank of New York stock, at cost 22,066 24,272
Premises and equipment, net 12,474 12,569
Accrued interest receivable 16,354 15,176
Deferred income taxes, net 22,814 17,181
Goodwill and other intangibles 5,253 5,253
Operating lease right-of-use assets 12,622 12,686
Bank-owned life insurance ("BOLI") 76,648 76,040
Other assets 8,643 10,476
Total Assets 3,473,822 3,599,118
LIABILITIES    
Non-interest-bearing deposits 542,621 520,387
Interest - bearing deposits 2,143,887 2,230,471
Total deposits 2,686,508 2,750,858
FHLB advances 405,499 455,361
Subordinated debentures 43,024 42,961
Operating lease liability 13,087 13,139
Other liabilities 10,982 12,874
Total Liabilities 3,159,100 3,275,193
STOCKHOLDERS' EQUITY    
Preferred stock: $0.01 par value, 10,000,000 shares authorized; issued and outstanding 2,548 shares Series J 8.0% and Series K 6.0% (liquidation value $10,000 per share) noncumulative perpetual preferred stock at March 31, 2025 and 2,496 shares of Series J 8.0% and Series K 6.0% (liquidation value $10,000 per share) noncumulative perpetual preferred stock at December 31, 2024
Additional paid-in capital preferred stock 25,243 24,723
Common stock: no par value; 40,000,000 shares authorized; issued 20,396,598 and 20,296,748 at March 31, 2025 and December 31, 2024, respectively, outstanding 17,162,627 and 17,062,777, at March 31, 2025 and December 31, 2024, respectively
Additional paid-in capital common stock 201,804 200,935
Retained earnings 130,291 141,853
Accumulated other comprehensive loss (4,269) (5,239)
Treasury stock, at cost, 3,233,971 shares at March 31, 2025 and December 31, 2024 (38,347) (38,347)
Total Stockholders' Equity 314,722 323,925
Total Liabilities and Stockholders' Equity $ 3,473,822 $ 3,599,118