v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Statement of Cash Flows [Abstract]    
Net income $ 11,843 $ 7,876
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 247 2,582
ESOP and stock compensation expense 867 1,060
Depreciation 743 812
Amortization of premiums and deferred loan costs, net of accretion of discounts and deferred loan fees 791 1,263
Amortization of debt issuance costs 56 56
Amortization of intangible assets 0 12
Amortization of operating lease right-of-use assets 1,201 1,179
Income on bank-owned life insurance (1,891) (1,639)
Losses on available-for-sale debt securities, net 2 0
Losses on trading securities, net 254 299
Net sales of trading securities 1,130 582
Decrease (increase) in accrued interest receivable 32 (570)
Decrease (increase) in other assets 6,836 (329)
Decrease in accrued expenses and other liabilities (2,331) (3,757)
Net cash provided by operating activities 19,780 9,426
Cash flows from investing activities:    
Net decrease in loans receivable 46,996 27,374
Purchases of FHLB of New York stock (10,322) (11,315)
Redemptions of FHLB of New York stock 14,695 8,859
Purchases of debt securities available-for-sale (147,662) (300,647)
Proceeds from sale of equity securities 0 3,406
Principal payments and maturities on debt securities available-for-sale 177,893 165,792
Principal payments and maturities on debt securities held-to-maturity 61 443
Purchases and improvements of premises and equipment (188) (258)
Net cash provided by (used in) investing activities 81,473 (106,346)
Cash flows from financing activities:    
Net increase (decrease) in deposits 72,808 (6,521)
Dividends paid (5,281) (5,387)
Purchase of treasury stock (447) (5,224)
Increase in advance payments by borrowers for taxes and insurance 5,354 5,213
Proceeds from borrowings and securities sold under agreements to repurchase 405,500 857,000
Repayments related to other borrowings and securities sold under agreements to repurchase (503,531) (814,243)
Net cash (used in) provided by financing activities (25,597) 30,838
Net increase (decrease) in cash and cash equivalents 75,656 (66,082)
Cash and cash equivalents at beginning of period 163,951 167,744
Cash and cash equivalents at end of period 239,607 101,662
Cash paid during the period for:    
Interest 26,181 28,301
Income taxes 133 190
Non-cash transactions:    
Loan charge-offs, net 1,357 2,844
Right-of-use assets obtained in exchange for new lease liabilities $ 0 $ 753