v3.26.3
FAIR VALUE (Tables)
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
Assets and liabilities measured at fair value on a recurring basis are summarized below (in thousands):
Fair Value Measurement as of September 30, 2026 Using
Financial Assets:Fair ValueQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
  Mortgage-backed securities, residential$223,481 $— $223,481 $— 
  Collateralized mortgage obligations7,297 — 7,297 — 
  Obligations of states and political subdivisions8,932 — 8,932 — 
  Corporate bonds and notes13,719 — 10,619 3,100 
  Total available for sale securities$253,429 $— $250,329 $3,100 
  Equity investments, at fair value$3,668 $3,668 $— $— 
  Derivative assets$27,918 $— $27,918 $— 
Financial Liabilities:
  Derivative liabilities$27,980 $— $27,980 $— 
Fair Value Measurement as of December 31, 2025 Using
Financial Assets:Fair ValueQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
  Mortgage-backed securities, residential$250,375 $— $250,375 $— 
  Collateralized mortgage obligations2,931 — 2,931 — 
  Obligations of states and political subdivisions10,310 — 10,310 — 
  Corporate bonds and notes16,982 — 12,620 4,362 
  Total available for sale securities$280,598 $— $276,236 $4,362 
  Equity investments, at fair value$3,288 $3,288 $— $— 
  Derivative assets$17,280 $— $17,280 $— 
Financial Liabilities:
  Derivative liabilities$17,412 $— $17,412 $— 
Schedule of Information Related To Level 3 Non-Recurring Fair Value Measurement
The following tables present a reconciliation of assets measured at fair value on a recurring basis using unobservable inputs (Level 3) for the three and nine month periods ended September 30, 2026 and 2025, and qualitative information regarding Level 3 significant unobservable inputs as of September 30, 2026 and December 31, 2025 (in thousands):
For the Three
Months Ended 		For the Nine
Months Ended
Level 3 Financial Assets - Corporate bonds and notesSeptember 30, 2026September 30, 2025September 30, 2026September 30, 2025
Balance of recurring Level 3 assets as of beginning of period$4,467 $5,880 $4,362 $12,132 
Total gains or losses for the period:
     Included in other comprehensive income 300 189 405 1,083 
Repayments, calls, and maturities(1,667)— (1,667)(1,000)
Transfers into Level 3— — — 9,884 
Transfers out of Level 3— — — (16,030)
     Balance of recurring Level 3 assets as of end of period$3,100 $6,069 $3,100 $6,069 
September 30, 2026Fair ValueValuation TechniqueUnobservable InputRange [Weighted Average] as of September 30, 2026
Corporate bonds and notes$3,100 Discounted cash flowMarket discount rate
10.00% - 10.00%
[10.00%]

December 31, 2025Fair ValueValuation TechniqueUnobservable InputRange [Weighted Average] as of December 31, 2025
Corporate bonds and notes$4,362 Discounted cash flowMarket discount rate
10.00% - 10.00%
[10.00%]
The following tables present quantitative information regarding Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a nonrecurring basis as of September 30, 2026 and December 31, 2025 (in thousands):
DescriptionFair Value as of September 30, 2026Valuation TechniqueUnobservable InputsRange [Weighted Average] as of September 30, 2026
Collateral-dependent loans:
Commercial real estate:
Non-owner occupied commercial real estate$294 Sales comparisonAdjustment to appraised value
10.00% - 10.00%
[10.00%]
Other real estate owned:
Commercial real estate:
Non-owner occupied commercial real estate$374 Sales comparisonAdjustment to appraised value
10.00% - 10.00%
[10.00%]
Non-owner occupied commercial real estate1,350 Income approachAdjustment to appraised value
10.00% - 10.00%
[10.00%]
Residential mortgages171 Sales comparisonAdjustment to appraised value
20.80% - 20.80%
[20.80%]
Total other real estate owned, net$1,895 
Repossessed vehicles$385 Estimated liquidation valueEstimated recovery rate
50.00% - 50.00%
[50.00%]

DescriptionFair Value as of December 31, 2025Valuation TechniqueUnobservable InputsRange [Weighted Average] as of December 31, 2025
Collateral-dependent loans:
Commercial real estate:
Non-owner occupied commercial real estate$945 Income approachAdjustment to appraised value
10.00% - 10.00%
[10.00%]
Repossessed vehicles$257 Estimated liquidation valueEstimated recovery rate
50.00% - 50.00%
[50.00%]
Schedule of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis
Assets and liabilities measured at fair value on a nonrecurring basis as of September 30, 2026 and December 31, 2025 are summarized below (in thousands):
Fair Value Measurement as of September 30, 2026 Using
Financial Assets:Fair ValueQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Collateral-dependent loans:
Commercial real estate:
Non-owner occupied commercial real estate$294 $— $— $294 
Other real estate owned:
Commercial real estate:
Non-owner occupied commercial real estate$1,724 $— $— $1,724 
Residential mortgages171 — — 171 
Total other real estate owned, net$1,895 $— $— $1,895 
Repossessed vehicles$385 $— $— $385 

Fair Value Measurement as of December 31, 2025 Using
Financial Assets:Fair ValueQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Collateral-dependent loans:
Commercial real estate:
Non-owner occupied commercial real estate$945 $— $— $945 
Repossessed vehicles$257 $— $— $257 
Schedule of Carrying Value and Estimated Fair Value of Financial Instruments
The carrying amounts and estimated fair values of financial instruments, as of September 30, 2026 and December 31, 2025, are as follows (in thousands):
September 30, 2026
Financial assets:Carrying AmountQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Estimated Fair Value (1)
Cash and due from financial institutions$32,928 $32,928 $— $— $32,928 
Interest-earning deposits in other financial institutions38,911 38,911 — — 38,911 
Equity investments3,668 3,668 — — 3,668 
Securities available for sale253,429 — 250,329 3,100 253,429 
Securities held to maturity1,560 — — 1,560 1,560 
FHLBNY and FRBNY stock9,554 — — — N/A
Loans, net of deferred loan fees, and loans held for sale2,403,470 — — 2,315,286 2,315,286 
Derivative assets27,918 — 27,918 — 27,918 
Financial liabilities:
Deposits:
Demand, savings, and insured money market deposits$1,945,382 $1,945,382 $— $— $1,945,382 
Time deposits439,867 — 440,636 — 440,636 
FHLBNY advances85,000 — 84,996 — 84,996 
Subordinated debt, net of deferred issuance costs44,105 — 46,383 — 46,383 
Derivative liabilities27,980 — 27,980 — 27,980 
(1) Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates.
December 31, 2025
Financial assets:Carrying AmountQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Estimated Fair Value (1)
   Cash and due from financial institutions$22,772 $22,772 $— $— $22,772 
   Interest-earning deposits in other financial institutions27,325 27,325 — — 27,325 
   Equity investments3,765 3,765 — — 3,765 
   Securities available for sale280,598 — 276,236 4,362 280,598 
   Securities held to maturity640 — — 640 640 
   FHLBNY and FRBNY stock9,466 — — — N/A
Loans, net of deferred loan fees, and loans held for sale2,271,663 — — 2,209,059 2,209,059 
   Derivative assets17,280 — 17,280 — 17,280 
Financial liabilities:
   Deposits:
      Demand, savings, and insured money market deposits$1,807,058 $1,807,058 $— $— $1,807,058 
      Time deposits463,616 — 464,144 — 464,144 
FHLBNY overnight advances87,110 — 87,126 — 87,126 
Subordinated debt, net of issuance costs44,028 — 46,350 — 46,350 
Derivative liabilities17,412 — 17,412 — 17,412 
(1) Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates.