v3.26.1
Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Cash and due from banks:    
Cash $ 25,567 $ 28,511
Interest-bearing deposits 114,443 97,643
Total cash and cash equivalents 140,010 126,154
Available-for-sale securities, at fair value (Note 3) 84,774 92,196
Held-to-maturity securities, net of allowance for credit losses of $210 at June 30, 2026 and $236 at December 31, 2025; at amortized cost (fair value at June 30, 2026 $246,965 and at December 31. 2025 $268,875) (Note 3) 253,616 272,982
Placement with banks 249 249
Mortgage loans held for sale, at fair value (Note 4) 3,050 3,388
Loans receivable, net of allowance for credit losses of $27,554 at June 30, 2026 and $25,449 at December 31, 2025 (Note 5) 2,879,740 2,599,258
Accrued interest receivable 19,939 17,905
Premises and equipment, net 14,645 15,638
Right of use assets (Note 6) 27,055 27,583
Federal Home Loan Bank of New York (FHLBNY) stock, at cost 30,689 29,309
Federal Reserve Bank of New York (FRBNY) stock, at cost 10,714 10,698
Deferred tax assets 12,979 11,501
Other assets 17,251 17,109
Total assets 3,494,711 3,223,970
Liabilities:    
Deposits (Note 7) 2,271,809 2,046,635
Borrowings (Note 8) 621,100 596,100
Operating lease liabilities 28,874 29,353
Accrued interest payable 3,837 3,788
Other liabilities 8,121 6,545
Total liabilities 2,933,741 2,682,421
Commitments and contingencies (Note 10)
Stockholders' Equity:    
Preferred stock, $0.01 par value; 100,000,000 shares authorized: Series A, senior non-cumulative perpetual, $1,000 per share liquidation preference, 225,000 shares issued and outstanding as of June 30, 2026 and December 31, 2025 225,000 225,000
Common stock, $0.01 par value; 200,000,000 shares authorized; 24,886,711 shares issued at both June 30, 2026 and December 31, 2025; 24,187,901 shares outstanding as of June 30, 2026 and 24,135,926 shares outstanding as of December 31, 2025 249 249
Treasury stock, at cost; 698,810 shares as of June 30, 2026 and 750,785 shares as of December 31, 2025 (5,738) (6,164)
Additional paid-in-capital 210,339 208,604
Retained earnings 151,887 135,332
Accumulated other comprehensive loss (Note 13) (10,698) (10,820)
Unearned compensation - ESOP; 1,101,372 shares as of June 30, 2026 and 1,168,244 shares as of December 31, 2025 (10,069) (10,652)
Total stockholders' equity 560,970 541,549
Total liabilities and stockholders' equity $ 3,494,711 $ 3,223,970