v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest and dividend income    
Interest and fees on loans $ 91,643 $ 93,032
Interest and dividends on securities:    
Interest 19,560 21,413
Dividends 25 28
Other interest income 1,782 2,063
Total interest and dividend income 113,010 116,536
Interest expense    
Deposits 52,823 57,174
Other interest expense 4,993 6,373
Total interest expense 57,816 63,547
Net interest income 55,194 52,989
Provision (benefit) for credit losses 2,011 4,318
Net interest income after provision (benefit) for credit losses 53,183 48,671
Non-interest income (loss)    
Banking services fee income 1,868 1,521
Net gain (loss) on sale of loans 94 630
Net gain (loss) from fair value adjustments (3,560) (152)
Federal Home Loan Bank of New York stock dividends 365 697
Gain on life insurance proceeds 99  
Bank owned life insurance 2,202 1,574
Other income 717 804
Total non-interest income (loss) 1,785 5,074
Non-interest expense    
Salaries and employee benefits 26,610 22,896
Occupancy and equipment 4,557 4,092
Professional services 4,332 2,885
FDIC deposit insurance 1,001 1,709
Data processing 1,835 1,868
Depreciation and amortization of bank premises and equipment 1,321 1,373
Other real estate owned / foreclosure expense 49 345
Impairment of goodwill   17,636
Other operating expenses 7,070 6,872
Total non-interest expense 46,775 59,676
Income (loss) before income taxes 8,193 (5,931)
Provision (benefit) for income taxes 2,360 3,865
Net income (loss) $ 5,833 $ (9,796)
Basic earnings (loss) per common share $ 0.17 $ (0.29)
Diluted earnings (loss) per common share $ 0.17 $ (0.29)