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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and amounts due from depository institutions $ 13,090 $ 14,075
Interest-earning deposits 236,524 303,207
Total cash and cash equivalents 249,614 317,282
Interest-earning time deposits 735 735
Debt securities available for sale, at fair value 115,693 101,717
Equity investments, at fair value 9,599 9,472
Loans receivable, net of allowance for credit losses of $37,803 and $34,789, respectively 2,788,932 2,996,259
Federal Home Loan Bank of New York stock, at cost 16,281 24,272
Premises and equipment, net 12,139 12,569
Accrued interest receivable 15,800 15,176
Other real estate owned 20,077  
Deferred income taxes, net 21,544 17,181
Goodwill and other intangibles 5,253 5,253
Operating lease right-of-use assets 11,257 12,686
Bank-owned life insurance ("BOLI") 78,365 76,040
Other assets 7,776 10,476
Total Assets 3,353,065 3,599,118
LIABILITIES    
Non-interest-bearing deposits 536,908 520,387
Interest-bearing deposits 2,150,479 2,230,471
Total deposits 2,687,387 2,750,858
FHLB advances 280,774 455,361
Subordinated debentures 43,148 42,961
Operating lease liability 11,737 13,139
Other liabilities 11,566 12,874
Total Liabilities 3,034,612 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 September 30, 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 20,462,177 and 20,296,748 at September 30, 2025 and December 31, 2024, respectively, outstanding 17,228,206 and 17,062,777, at September 30, 2025 and December 31, 2024, respectively
Additional paid-in capital common stock 202,843 200,935
Retained earnings 131,670 141,853
Accumulated other comprehensive loss (2,956) (5,239)
Treasury stock, at cost, 3,233,971 shares at September 30, 2025 and December 31, 2024 (38,347) (38,347)
Total Stockholders' Equity 318,453 323,925
Total Liabilities and Stockholders' Equity $ 3,353,065 $ 3,599,118