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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities:      
Net (Loss) Income $ (8,324) $ 5,866 $ 8,106
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation of premises and equipment 386 457 478
Amortization and accretion, net (180) (530) (474)
Provision for credit losses 20,845 2,088 622
Deferred income tax (benefit) expense (5,950) 702 1,149
Loans originated for sale (360) (1,264)  
Proceeds from sales of loans   2,596 664
Gain on sales of loans   (45) (6)
Gain on sale of fixed asset   (4)  
Realized and unrealized loss (gain) on equity investments 115 (130) 3,227
Stock-based compensation expense 321 195 106
Increase in cash surrender value of BOLI (608) (675) (421)
Net change in accrued interest receivable (1,178) (1,370) (1,262)
Net change in other assets 1,833 1,661 1,100
Net change in accrued interest payable (1,224) (127) 1,304
Net change in other liabilities (668) (1,132) 1,821
Net Cash Provided by Operating Activities 5,008 8,288 16,414
Cash flows from investing activities:      
Proceeds from repayments, calls, and maturities on securities 1,362 624 4,661
Purchases of securities (14,854)    
Proceeds from sale of fixed asset   4  
Net decrease (increase) in loans receivable 58,557 51,426 (183,527)
Additions to premises and equipment (291) (144) (76)
(Redemption) Purchase of Federal Home Loan Bank of New York stock 2,206   (6,762)
Net Cash Provided by (Used in) Investing Activities 46,980 51,910 (185,704)
Cash flows from financing activities:      
Net (decrease) increase in deposits (64,350) 12,579 55,602
Proceeds from Federal Home Loan Bank of New York Long Term Advances     50,000
Repayment from Federal Home Loan Bank of New York Long Term Advances (50,000)    
Net change in Federal Home Loan Bank of New York Short Term Advances     100,000
Purchases of treasury stock     (2,559)
Cash dividends paid on common stock (2,679) (2,608) (2,687)
Cash dividends paid on preferred stock (482) (434) (173)
Net proceeds from issuance of common stock 471 500 405
Net proceeds from issuance of preferred stock 520 2,690  
Exercise of Stock Options     418
Net Cash Provided by (Used in) Financing Activities (116,520) 12,727 201,006
Net Increase (Decrease) in Cash and Cash Equivalents (64,532) 72,925 31,716
Cash and Cash Equivalents-Beginning 317,282 279,523 229,359
Cash and Cash Equivalents-Ending 252,750 352,448 261,075
Supplementary Cash Flow Information:      
Cash paid during the year for: Income taxes 1,245 979 797
Cash paid during the year for: Interest $ 23,411 $ 26,268 $ 13,578