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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 151,754 $ 81,723
Securities held-to-maturity:    
Held to maturity securities 73,711 57,868
Securities available for sale, at fair value:    
Securities available for sale 735,357 777,236
Loans:    
Loans, net of fees and costs 6,934,769 6,638,105
Less: Allowance for credit losses (40,442) (37,135)
Net loans 6,894,327 6,600,970
Interest and dividends receivable 45,048 38,698
Bank premises and equipment, net 21,750 23,338
Federal Home Loan Bank of New York stock, at cost 45,842 35,937
Bank owned life insurance 213,131 210,754
Goodwill 17,636 17,636
Core deposit intangibles 2,017 2,562
Right of use asset 43,289 50,200
Other assets 179,084 148,989
Total assets 8,422,946 8,045,911
Liabilities    
Non-interest bearing 921,238 967,621
Interest-bearing 5,515,945 5,365,911
Total Due to depositors 6,437,183 6,333,532
Mortgagors' escrow deposits 48,159 51,913
Borrowed funds:    
Federal Home Loan Bank advances and other borrowings 815,501 636,187
Subordinated debentures 186,965 122,885
Junior subordinated debentures, at fair value 50,507 56,472
Total borrowed funds 1,052,973 815,544
Operating lease liability 46,125 54,155
Other liabilities 161,349 111,139
Total liabilities 7,745,789 7,366,283
Commitments and contingencies (Note 17)
Stockholders' Equity    
Preferred stock ($0.01 par value; 5,000,000 shares authorized; none issued) 0 0
Common stock ($0.01 par value; 100,000,000 shares authorized; 34,087,623 shares issued at both December 31, 2022 and 2021; 29,476,391 shares and 30,526,353 shares outstanding at December 31, 2022 and 2021, respectively) 341 341
Additional paid-in capital 264,332 263,375
Treasury stock, at average cost (4,611,232 shares and 3,561,270 shares at December 31, 2022 and 2021, respectively) (98,535) (75,293)
Retained earnings 547,507 497,889
Accumulated other comprehensive loss, net of taxes (36,488) (6,684)
Total stockholders' equity 677,157 679,628
Total liabilities and stockholders' equity 8,422,946 8,045,911
Collateralized Mortgage Backed Securities    
Securities held-to-maturity:    
Held to maturity securities 7,875 7,894
Securities available for sale, at fair value:    
Securities available for sale 384,283 572,184
Other Debt Obligations    
Securities held-to-maturity:    
Held to maturity securities 65,836 49,974
Securities available for sale, at fair value:    
Securities available for sale 351,074 205,052
Construction Portfolio Segment    
Loans:    
Loans, net of fees and costs $ 70,824 $ 59,473