v3.26.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and amounts due from depository institutions $ 14,573 $ 13,794
Interest-earning deposits 182,314 262,790
Total cash and cash equivalents 196,887 276,584
Interest-earning time deposits 735 735
Debt securities available for sale, at fair value 148,428 126,395
Equity investments, at fair value 3,851 9,172
Loans held for sale 10,777  
Loans receivable, net of allowance for credit losses of $40,980 and $33,691, respectively 2,587,984 2,691,091
Federal Home Loan Bank of New York stock, at cost 9,048 14,176
Premises and equipment, net 11,737 12,056
Accrued interest receivable 14,661 13,834
Other real estate owned 5,000 5,000
Deferred income taxes, net 24,794 22,209
Goodwill and other intangibles   5,253
Operating lease right-of-use assets 10,479 10,660
Bank-owned life insurance (BOLI) 81,229 79,366
Other assets 12,516 12,935
Total Assets 3,118,126 3,279,466
LIABILITIES    
Non-interest-bearing deposits 514,648 531,140
Interest-bearing deposits 2,121,375 2,142,433
Total deposits 2,636,023 2,673,573
FHLB advances 125,000 235,000
Subordinated debentures 43,335 43,210
Operating lease liability 10,953 11,140
Other liabilities 10,896 12,259
Total Liabilities 2,826,207 2,975,182
STOCKHOLDERS' EQUITY    
Preferred stock: $0.01 par value, 10,000,000 shares authorized; issued and outstanding 2,548 shares Series J 8.0% and Series K 6.0% (liquidation value $10,000 per share) noncumulative perpetual preferred stock at June 30, 2026 and December 31, 2025
Additional paid-in capital preferred stock 25,243 25,243
Common stock: no par value; 40,000,000 shares authorized; issued 21,335,793 and 20,508,183 at June 30, 2026 and December 31, 2025, respectively, outstanding 18,101,822 and 17,274,212, at June 30, 2026 and December 31, 2025, respectively
Additional paid-in capital common stock 204,451 203,429
Retained earnings 103,225 116,415
Accumulated other comprehensive loss (2,653) (2,456)
Treasury stock, at cost, 3,233,971 shares at June 30, 2026 and December 31, 2025 (38,347) (38,347)
Total Stockholders' Equity 291,919 304,284
Total Liabilities and Stockholders' Equity $ 3,118,126 $ 3,279,466