v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows From Operating Activities:    
Net income $ 17,118 $ 12,059
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of premiums/discounts on securities, net (19) (39)
Gain on sale of loans (281) (721)
Provision for credit losses 3,804 1,341
Depreciation and amortization 2,468 2,427
ESOP compensation expense 1,283 1,053
Share-based compensation expense 1,297 955
Deferred income taxes (1,512) (678)
Changes in assets and liabilities:    
Decrease in mortgage loans held for sale, fair value 619 5,350
Increase in accrued interest receivable (2,034) (1,355)
Increase in other assets (143) (1,670)
Increase in accrued interest payable 49 449
Decrease in operating lease liabilities (1,380) (1,355)
Increase in other liabilities 655 1,445
Net cash provided by operating activities 21,924 19,261
Cash Flows From Investing Activities:    
Net (purchases) redemptions of FHLBNY stock (1,380) 2,562
Net purchases of FRBNY stock (16) 0
Proceeds from maturities, calls and principal repayments on securities 26,989 42,382
Proceeds from sale of loans 4,247 5,738
Net increase in loans (287,691) (179,518)
Purchases of premises and equipment (50) (407)
Net cash used in investing activities (257,901) (129,243)
Cash Flows From Financing Activities:    
Net increase in deposits 225,174 157,345
Net proceeds (repayment) from borrowings 25,000 (60,000)
Stock options exercised 222 0
Dividends paid on preferred stock (563) (563)
Net cash provided by financing activities 249,833 96,782
Net increase (decrease) in cash and cash equivalents 13,856 (13,200)
Cash and Cash Equivalents:    
Cash and cash equivalents at beginning of period 126,154 139,839
Cash and cash equivalents at end of period 140,010 126,639
Supplemental disclosures of cash flow information:    
Cash paid for interest on deposits and borrowings 42,358 42,778
Cash paid for income taxes, net of refunds 6,550 $ 3,335
Operating lease assets in exchange for operating lease liabilities $ 901