v3.26.3
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and due from financial institutions $ 32,928 $ 22,772
Interest-earning deposits in other financial institutions 38,911 27,325
Total cash and cash equivalents 71,839 50,097
Equity investments, at estimated fair value 3,668 3,765
Securities available for sale, at estimated fair value (amortized cost of $311,879, at September 30, 2026 and $327,888 at December 31, 2025, net of allowance for credit losses of $0 at September 30, 2026 and December 31, 2025, respectively) 253,429 280,598
Securities held to maturity, at amortized cost (estimated fair value of $1,560 at September 30, 2026 and $640 at December 31, 2025, net of allowance for credit losses of $0 at September 30, 2026 and December 31, 2025, respectively) 1,560 640
FHLBNY and FRBNY stock, at cost 9,554 9,466
Loans, net of deferred loan fees 2,401,012 2,269,561
Allowance for credit losses (25,213) (24,209)
Loans, net 2,375,799 2,245,352
Loans held for sale 2,458 2,102
Premises and equipment, net 15,082 15,401
Operating lease right-of-use assets 5,649 4,755
Goodwill 21,824 21,824
Bank-owned life insurance 2,725 2,984
Interest rate swap assets 27,918 17,280
Accrued interest receivable and other assets 59,835 55,971
Total assets 2,851,340 2,710,235
Deposits:    
Non interest-bearing 664,375 624,532
Interest-bearing 1,720,874 1,646,142
Total deposits 2,385,249 2,270,674
Overnight and short-term advances 85,000 87,110
Subordinated debt, net of issuance costs of $895 and $972, respectively 44,105 44,028
Long-term finance lease obligation 3,173 3,444
Operating lease liabilities 5,846 4,937
Interest rate swap liabilities 27,980 17,412
Accrued interest payable and other liabilities 26,475 27,921
Total liabilities 2,577,828 2,455,526
Shareholders' equity:    
Common stock, $0.01 par value per share, 10,000,000 shares authorized; 5,310,076 issued at September 30, 2026 and December 31, 2025 53 53
Additional paid-in capital 50,119 49,547
Retained earnings 282,187 256,484
Treasury stock, at cost; $488,444 shares at September 30, 2026 and $519,079 shares at December 31, 2025 (14,598) (15,322)
Accumulated other comprehensive loss (44,249) (36,053)
Total shareholders' equity 273,512 254,709
Total liabilities and shareholders' equity $ 2,851,340 $ 2,710,235