v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS:    
Cash and due from banks $ 11,620 $ 12,051
Interest-bearing deposits in other financial institutions 227,987 151,900
Total cash and cash equivalents 239,607 163,951
Trading securities 13,831 15,215
Debt securities available-for-sale, at estimated fair value (with no allowance for credit losses at March 31, 2026 and December 31, 2025) 1,378,502 1,412,419
Debt securities held-to-maturity, at amortized cost (estimated fair value of $8,003 at March 31, 2026, and $8,144 at December 31, 2025, with no allowance for credit losses at March 31, 2026 and December 31, 2025) 8,278 8,339
Equity securities 5,000 5,000
Loans held-for-investment 3,807,957 3,856,773
Less: allowance for credit losses (37,034) (38,144)
Net loans held-for-investment 3,770,923 3,818,629
Accrued interest receivable 20,087 20,118
Bank-owned life insurance 184,718 182,828
Federal Home Loan Bank (“FHLB”) of New York stock, at cost 42,195 46,568
Operating lease right-of-use assets 24,588 25,789
Premises and equipment, net 19,383 19,938
Other assets 28,090 35,216
Total assets 5,735,202 5,754,010
LIABILITIES:    
Deposits 4,088,617 4,015,809
FHLB advances and other borrowings 802,185 900,216
Subordinated debentures, net of issuance costs 61,721 61,665
Operating lease liabilities 28,348 29,643
Advance payments by borrowers for taxes and insurance 25,630 20,276
Accrued expenses and other liabilities 34,011 36,342
Total liabilities 5,040,512 5,063,951
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.01 par value: 25,000,000 shares authorized, none issued or outstanding 0 0
Common stock, $0.01 par value: 150,000,000 shares authorized, 64,770,875 shares issued at March 31, 2026 and December 31, 2025, 41,763,852 and 41,801,495 outstanding at March 31, 2026 and December 31, 2025, respectively 648 648
Additional paid-in-capital 593,135 592,473
Unallocated common stock held by employee stock ownership plan (11,523) (11,728)
Retained earnings 426,966 420,404
Accumulated other comprehensive loss (6,571) (4,220)
Treasury stock at cost: 23,007,023 and 22,969,380 shares at March 31, 2026 and December 31, 2025, respectively (307,965) (307,518)
Total stockholders’ equity 694,690 690,059
Total liabilities and stockholders’ equity $ 5,735,202 $ 5,754,010