v3.26.3
Consolidated Statements of Financial Condition - USD ($)
Sep. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and amounts due from depository institutions $ 13,236,000 $ 13,794,000
Interest-earning deposits 487,077,000 262,790,000
Total cash and cash equivalents 500,313,000 276,584,000
Interest-earning time deposits 735,000 735,000
Debt securities available for sale, at fair value 134,973,000 126,395,000
Equity investments, at fair value   9,172,000
Loans held for sale 67,556,000  
Loans receivable, net of allowance for credit losses of $70,270 and $33,691, respectively 2,179,697,000 2,691,091,000
Federal Home Loan Bank of New York stock, at cost 7,911,000 14,176,000
Premises and equipment, net 11,575,000 12,056,000
Accrued interest receivable 13,625,000 13,834,000
Other real estate owned 0 5,000,000
Deferred income taxes, net   22,209,000
Goodwill and other intangibles   5,253,000
Operating lease right-of-use assets 10,172,000 10,660,000
Bank-owned life insurance (BOLI) 82,103,000 79,366,000
Other assets 12,427,000 12,935,000
Total Assets 3,021,087,000 3,279,466,000
LIABILITIES    
Non-interest-bearing deposits 523,077,000 531,140,000
Interest-bearing deposits 2,086,069,000 2,142,433,000
Total deposits 2,609,146,000 2,673,573,000
FHLB advances 100,000,000 235,000,000
Subordinated debentures 43,397,000 43,210,000
Operating lease liability 10,644,000 11,140,000
Other liabilities 11,818,000 12,259,000
Total Liabilities 2,775,005,000 2,975,182,000
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 September 30, 2026 and December 31, 2025
Additional paid-in capital preferred stock 25,243,000 25,243,000
Common stock: no par value; 40,000,000 shares authorized; issued 33,985,793 and 20,508,183 at September 30, 2026 and December 31, 2025, respectively, outstanding 30,751,822 and 17,274,212, at September 30, 2026 and December 31, 2025, respectively
Additional paid-in capital common stock 296,623,000 203,429,000
Retained deficit (earnings) (29,228,000) 116,415,000
Accumulated other comprehensive loss (8,209,000) (2,456,000)
Treasury stock, at cost, 3,233,971 shares at September 30, 2026 and December 31, 2025 (38,347,000) (38,347,000)
Total Stockholders' Equity 246,082,000 304,284,000
Total Liabilities and Stockholders' Equity $ 3,021,087,000 $ 3,279,466,000