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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and amounts due from depository institutions $ 13,794 $ 14,075
Interest-earning deposits 262,790 303,207
Total cash and cash equivalents 276,584 317,282
Interest-earning time deposits 735 735
Debt securities available for sale, at fair value (amortized cost of $129,646) 126,395 101,717
Equity investments, at fair value (amortized cost of $108,590) 9,172 9,472
Loans receivable, net of allowance for credit losses of $33,691 and $34,789, respectively 2,691,091 2,996,259
Federal Home Loan Bank of New York stock, at cost 14,176 24,272
Premises and equipment, net 12,056 12,569
Accrued interest receivable 13,834 15,176
Other real estate owned 5,000  
Deferred income taxes 22,209 17,181
Goodwill and other intangibles 5,253 5,253
Operating lease right-of-use assets 10,660 12,686
Bank-owned life insurance ("BOLI") 79,366 76,040
Other assets 12,935 10,476
Total Assets 3,279,466 3,599,118
LIABILITIES    
Non-interest-bearing deposits 531,140 520,387
Interest bearing deposits 2,142,433 2,230,471
Total deposits 2,673,573 2,750,858
FHLB Advances 235,000 455,361
Subordinated debentures 43,210 42,961
Operating lease liability 11,140 13,139
Other liabilities 12,259 12,874
Total Liabilities 2,975,182 3,275,193
COMMITMENTS AND CONTINGENCIES - SEE NOTE 17
STOCKHOLDERS' EQUITY    
Preferred stock: $0.01 par value, 10,000,000 shares authorized; issued and outstanding 2,548 shares of Series J 8.0% and Series K 6.0% (liquidation value $10,000 per share) noncumulative perpetual preferred stock at December 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 20,508,183 and 20,296,748 at December 31, 2025 and December 31, 2024, respectively, outstanding 17,274,212 shares and 17,062,777 shares, at December 31, 2025 and December 31, 2024, respectively
Additional paid-in capital common stock 203,429 200,935
Retained earnings 116,415 141,853
Accumulated other comprehensive loss (2,456) (5,239)
Treasury stock, at cost, 3,233,971 and 3,233,971 shares at December 31, 2025 and December 31, 2024, respectively (38,347) (38,347)
Total Stockholders' Equity 304,284 323,925
Total Liabilities and Stockholders' Equity $ 3,279,466 $ 3,599,118