v3.25.2
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and amounts due from depository institutions $ 11,939 $ 14,075
Interest-earning deposits 194,913 303,207
Total cash and cash equivalents 206,852 317,282
Interest-earning time deposits 735 735
Debt securities available for sale, at fair value 130,776 101,717
Equity investments, at fair value 9,249 9,472
Loans held for sale 488  
Loans receivable, net of allowance for credit losses of $50,658 and $34,789, respectively 2,860,453 2,996,259
Federal Home Loan Bank of New York stock, at cost 18,762 24,272
Premises and equipment, net 12,253 12,569
Accrued interest receivable 15,847 15,176
Deferred income taxes, net 21,750 17,181
Goodwill and other intangibles 5,253 5,253
Operating lease right-of-use assets 12,006 12,686
Bank-owned life insurance ("BOLI") 77,434 76,040
Other assets 8,603 10,476
Total Assets 3,380,461 3,599,118
LIABILITIES    
Non-interest-bearing deposits 539,093 520,387
Interest - bearing deposits 2,122,441 2,230,471
Total deposits 2,661,534 2,750,858
FHLB advances 335,636 455,361
Subordinated debentures 43,086 42,961
Operating lease liability 12,479 13,139
Other liabilities 11,991 12,874
Total Liabilities 3,064,726 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 June 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 20,428,270 and 20,296,748 at June 30, 2025 and December 31, 2024, respectively, outstanding 17,194,299 and 17,062,777, at June 30, 2025 and December 31, 2024, respectively
Additional paid-in capital common stock 202,311 200,935
Retained earnings 130,627 141,853
Accumulated other comprehensive loss (4,099) (5,239)
Treasury stock, at cost, 3,233,971 shares at June 30, 2025 and December 31, 2024 (38,347) (38,347)
Total Stockholders' Equity 315,735 323,925
Total Liabilities and Stockholders' Equity $ 3,380,461 $ 3,599,118