v3.26.3
Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash Flows from Operating Activities:    
Net (Loss) Income $ (142,325,000) $ (498,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation of premises and equipment 1,241,000 1,157,000
Amortization and accretion, net (1,129,000) (385,000)
Provision for credit losses 136,736,000 29,816,000
Deferred income tax expense (benefit) 21,408,000 (5,109,000)
Loans originated for sale (470,000) (1,113,000)
Proceeds from sales of loans 478,000 1,134,000
Loss (gain) on sales of loans 2,600,000 (21,000)
Realized and unrealized losses (gains) on equity investments 418,000 (127,000)
Gain on sales of other real estate owned (3,283,000)  
Stock-based compensation expense 1,262,000 780,000
Increase in cash surrender value of BOLI (2,737,000) (2,325,000)
Impairment of goodwill 5,253,000  
Net change in accrued interest receivable 209,000 (624,000)
Net change in other assets 508,000 2,700,000
Net change in accrued interest payable (1,227,000) (2,139,000)
Net change in other liabilities 797,000 831,000
Net Cash Provided by Operating Activities 19,739,000 24,077,000
Cash flows from investing activities:    
Proceeds from repayments, calls, and maturities on securities available for sale 21,080,000 26,455,000
Purchases of securities (34,586,000) (37,402,000)
Proceeds from sales of securities available for sale 8,754,000  
Proceeds from the sale of portfolio loans 163,617,000
Proceeds from the sale of other real estate owned 8,283,000  
Net decrease in loans receivable 142,150,000 158,446,000
Additions to premises and equipment (760,000) (727,000)
Redemption of Federal Home Loan Bank of New York stock 6,265,000 7,991,000
Net Cash Provided by Investing Activities 314,803,000 154,763,000
Cash flows from financing activities:    
Net (decrease) increase in deposits (64,427,000) (63,471,000)
Repayment from Federal Home Loan Bank of New York Long Term Advances (235,000,000) (175,000,000)
Net change in Federal Home Loan Bank of New York Short Term Advances 100,000,000  
Cash dividends paid on common stock (2,738,000) (7,982,000)
Cash dividends paid on preferred stock (482,000) (1,446,000)
Net proceeds from issuance of common stock 91,834,000 871,000
Net proceeds from issuance of preferred stock   520,000
Net Cash Used in Financing Activities (110,813,000) (246,508,000)
Net Increase (Decrease) in Cash and Cash Equivalents 223,729,000 (67,668,000)
Cash and Cash Equivalents-Beginning 276,584,000 317,282,000
Cash and Cash Equivalents-Ending 500,313,000 249,614,000
Supplementary Cash Flow Information:    
Cash paid for income taxes 664,000 1,801,000
Cash paid for interest 51,684,000 63,736,000
Transfer of loans receivable to loans held for sale $ 114,315,000  
Transfer of loans receivable to other real estate   $ 20,077,000