v3.26.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 4,173 $ 4,501
Interest-bearing deposits in banks 163,611 286,716
Total cash and cash equivalents 167,784 291,217
Securities:    
Available for sale, at fair value: 2,240,834 1,783,551
Held-to-maturity, at amortized cost 1,571,547 1,554,015
Loans held for sale 459 2,814
Loans receivable, net of deferred loan origination fees and costs 5,149,085 4,957,273
Allowance for credit losses (68,939) (57,586)
Loans receivable, net 5,080,146 4,899,687
Resell agreements 59,271 48,662
Federal Home Loan Bank of New York ("FHLBNY") stock, at cost 5,249 5,009
Accrued interest receivable 63,795 65,128
Premises and equipment, net 20,237 4,685
Bank-owned life insurance 108,451 108,941
Right-of-use lease asset 7,551 9,602
Deferred tax asset, net 33,310 30,750
Goodwill 12,936 12,936
Intangible assets, net 704 913
Equity method investments 5,505 7,979
Other assets 33,762 43,947
Total assets 9,411,541 8,869,836
Liabilities    
Deposits 8,458,414 7,949,241
Borrowings 69,754 69,547
Operating leases 9,094 12,255
Other liabilities 39,286 44,329
Total liabilities 8,576,548 8,075,372
Commitments, contingencies and off balance sheet risk (see Note 11)
Stockholders’ equity    
Common stock, par value $0.01 per share (70,000,000 shares authorized; 31,207,172 and 31,045,377 shares issued, respectively, and 29,900,147 and 29,818,424 shares outstanding, respectively) 315 312
Additional paid-in capital 296,491 294,134
Retained earnings 616,925 567,269
Accumulated other comprehensive loss, net of income taxes (40,796) (32,088)
Treasury stock, at cost (1,307,025 and 1,226,953 shares, respectively) (37,942) (35,163)
Total stockholders' equity 834,993 794,464
Total liabilities and stockholders’ equity 9,411,541 8,869,836
Traditional securities    
Securities:    
Available for sale, at fair value: 2,034,532 1,580,049
Held-to-maturity, at amortized cost 441,428 476,950
Property Assessed Clean Energy ("PACE") assessments    
Securities:    
Available for sale, at fair value: 206,302 203,502
Held-to-maturity, at amortized cost $ 1,130,119 $ 1,077,065