v3.26.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and due from banks (restricted cash of $16,615 for both periods) $ 158,707 $ 126,076
Securities held-to-maturity, net of allowance of $338 and $348, respectively (assets pledged of $4,689 and $4,695, respectively; fair value of $45,212 and $46,232, respectively) 49,853 50,180
Securities available for sale, at fair value (amortized cost of $1,633,466 and $1,387,619, respectively; net of an allowance of $2,774 and $2,921, respectively; assets pledged of $102,369 and $115,974, respectively; $14,527 and $14,412 at fair value pursuant to the fair value option, respectively) 1,628,587 1,389,924
Loans:    
Loans held for investment, net of fees and costs 6,561,530 6,653,952
Less: Allowance for credit losses (44,450) (42,802)
Net loans held of investment 6,517,080 6,611,150
Interest and dividends receivable 60,418 59,436
Bank premises and equipment, net 17,193 17,734
Federal Home Loan Bank of New York stock, at cost 18,520 18,937
Bank owned life insurance 228,881 226,939
Core deposit intangibles 696 773
Right-of-use assets 51,016 53,118
Other assets 131,898 139,035
Total assets 8,862,849 8,693,302
Liabilities    
Non-interest bearing 995,529 969,287
Interest-bearing 6,488,617 6,282,865
Total Due to depositors 7,484,146 7,252,152
Mortgagors' escrow deposits 96,242 59,590
Borrowed funds:    
Federal Home Loan Bank advances and other borrowings 172,185 243,933
Subordinated debentures 189,243 189,054
Junior subordinated debentures, at fair value 55,071 51,666
Total borrowed funds 416,499 484,653
Operating lease liability 51,916 53,842
Other liabilities 116,638 135,090
Total liabilities 8,165,441 7,985,327
Stockholders' Equity    
Preferred stock ($0.01 par value; 5,000,000 shares authorized; none issued)
Common stock ($0.01 par value; 100,000,000 shares authorized; 38,677,787 shares issued; 33,883,626 and 33,778,438 shares outstanding, respectively) 387 387
Additional paid-in capital 325,789 326,613
Treasury stock, at average cost (4,794,161 and 4,899,349 shares, respectively) (96,649) (98,948)
Retained earnings 470,540 480,376
Accumulated other comprehensive income, net of taxes (2,659) (453)
Total stockholders' equity 697,408 707,975
Total liabilities and stockholders' equity $ 8,862,849 $ 8,693,302