v3.25.4
CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 29,835 $ 25,650
Federal funds sold 2,800 3,644
Interest-earning deposits with banks 101,040 67,227
Cash and cash equivalents 133,675 96,521
Securities available for sale, at fair value 220,431 321,537
Securities held to maturity, net of allowance for credit losses of $452 at December 31, 2025 and $216 at December 31, 2024 (fair value of $40,175 at December 31, 2025 and $22,457 at December 31, 2024) 41,521 25,400
Federal Reserve Bank of New York and Federal Home Loan Bank of New York stock 6,090 5,283
Loans receivable 1,671,560 1,456,329
Allowance for credit losses (25,305) (21,754)
Net loans receivable 1,646,255 1,434,575
Accrued interest receivable 8,889 7,937
Premises and equipment, net 35,576 35,480
Bank-owned life insurance 15,306 15,956
Goodwill 9,599 10,879
Other intangible assets, net 2,711 2,705
Other assets 30,631 23,457
Total assets 2,150,684 1,979,730
Deposits:    
Non-interest bearing deposits 456,114 454,296
Interest bearing deposits 1,283,064 1,131,887
Total deposits 1,739,178 1,586,183
Mortgagors' escrow deposits 9,129 8,097
Borrowings from Federal Home Loan Bank of New York 50,000 40,000
Other liabilities 28,516 40,897
Total liabilities 1,826,823 1,675,177
Commitments and contingent liabilities - See Note 14
Shareholders' Equity    
Preferred stock ($0.01 par value, 5,000,000 shares authorized, no shares issued or outstanding as of December 31, 2025 and December 31, 2024)
Common stock ($0.01 par value, 75,000,000 shares authorized 25,072,214 and 25,978,904 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively) 251 260
Additional paid in capital 115,400 114,113
Retained earnings 203,045 194,188
Unallocated common stock of Employee Stock Ownership Plan ("ESOP") (8,868) (9,551)
Accumulated other comprehensive income 14,033 5,543
Total shareholders' equity 323,861 304,553
Total liabilities and shareholders' equity $ 2,150,684 $ 1,979,730