Schedule of financial assets and financial liabilities


	Fair Value		Fair Value		Changes in Fair Values For Items Measured at Fair Value
	Measurements		Measurements		Pursuant to Election of the Fair Value Option
	at June 30,		at December 31,		For the three months ended				For the six months ended
Description	2023		2022		June 2023		June 2022		June 2023		June 2022
(In thousands)
Mortgage-backed securities	$	278	$	295	$	—	$	(8)	$	1	$	(12)
Other securities		12,781		12,728		(192)		(484)		(83)		(1,020)
Borrowed funds		47,777		50,507		486		3,025		2,995		1,756
Net gain from fair value adjustments					$	294	$	2,533	$	2,913	$	724

Schedule of assets and liabilities that are carried at fair value on a recurring basis, classified within Level 3


	For the three months ended
	June 30, 2023				June 30, 2022
	Trust preferred		Junior subordinated		Trust preferred		Junior subordinated
	securities		debentures		securities		debentures

	(In thousands)
Beginning balance	$	1,445	$	48,117	$	1,740	$	57,955
Net (loss) gain from fair value adjustment of financial assets⁽¹⁾		(12)		—		(80)		—
Net (gain) loss from fair value adjustment of financial liabilities⁽¹⁾		—		(486)		—		(3,025)
Increase (decrease) in accrued interest		1		28		2		61
Change in unrealized (gains) losses included in other comprehensive loss		—		118		—		361
Ending balance	$	1,434	$	47,777	$	1,662	$	55,352
Changes in unrealized gains held at period end	$	—	$	1,961	$	—	$	2,775

(1) Presented in the Consolidated Statements of Income under net gain (loss) from fair value adjustments.


	For the six months ended
	June 30, 2023				June 30, 2022
	Trust preferred		Junior subordinated		Trust preferred		Junior subordinated
	securities		debentures		securities		debentures

	(In thousands)
Beginning balance	$	1,516	$	50,507	$	1,695	$	56,472
Net (loss) gain from fair value adjustment of financial assets⁽¹⁾		(83)		—		(35)		—
Net (gain) loss from fair value adjustment of financial liabilities⁽¹⁾		—		(2,995)		—		(1,756)
Increase (decrease) in accrued interest		1		40		2		77
Change in unrealized (gains) losses included in other comprehensive loss		—		225		—		559
Ending balance	$	1,434	$	47,777	$	1,662	$	55,352
Changes in unrealized gains held at period end	$	—	$	1,961	$	—	$	2,775

Schedule of carrying amounts and estimated fair values of selected financial instruments


	June 30, 2023
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3

	(In thousands)
Assets:

Cash and due from banks	$	160,053	$	160,053	$	160,053	$	—	$	—
Securities held-to-maturity
Mortgage-backed securities		7,865		7,011		—		7,011		—
Other securities		65,469		57,326		—		—		57,326
Securities available for sale
Mortgage-backed securities		365,911		365,911		—		365,911		—
Other securities		503,645		503,645		11,346		490,865		1,434
Loans		6,832,425		6,488,955		—		—		6,488,955
FHLB-NY stock		36,168		36,168		—		36,168		—
Accrued interest receivable		52,911		52,911		—		5,821		47,090
Interest rate swaps		87,732		87,732		—		87,732		—

Liabilities:

Deposits	$	6,723,690	$	6,663,332	$	4,490,994	$	2,172,338	$	—
Borrowed Funds		857,400		807,724		—		759,947		47,777
Accrued interest payable		9,234		9,234		—		9,234		—
Interest rate swaps		16,510		16,510		—		16,510		—


	December 31, 2022
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3

	(In thousands)
Assets:

Cash and due from banks	$	151,754	$	151,754	$	151,754	$	—	$	—
Securities held-to-maturity
Mortgage-backed securities		7,875		6,989		—		6,989		—
Other securities		65,836		55,561		—		—		55,561
Securities available for sale
Mortgage-backed securities		384,283		384,283		—		384,283		—
Other securities		351,074		351,074		11,211		338,347		1,516
Loans		6,934,769		6,651,795		—		—		6,651,795
FHLB-NY stock		45,842		45,842		—		45,842		—
Accrued interest receivable		45,048		45,048		—		3,819		41,229
Interest rate swaps		74,856		74,856		—		74,856		—

Liabilities:

Deposits	$	6,485,342	$	6,453,978	$	4,959,004	$	1,494,974	$	—
Borrowed Funds		1,052,973		1,027,370		—		976,863		50,507
Accrued interest payable		10,034		10,034		—		10,034		—
Interest rate swaps		18,407		18,407		—		18,407		—

Notes Tables

Schedule of quantitative information about Level 3

June 30, 2023

Valuation

Input

Weighted

Fair Value

Technique

Unobservable

Range

Average

(Dollars in thousands)

Assets:

Trust preferred securities

$

1,434

Discounted cash flows

Spread over 3-month SOFR

n/a

4.3

%

Liabilities:

Junior subordinated debentures

$

47,777

Discounted cash flows

Spread over 3-month SOFR

n/a

4.3

%

December 31, 2022

Valuation

Input

Weighted

Fair Value

Technique

Unobservable

Range

Average

(Dollars in thousands)

Assets:

Trust preferred securities

$

1,516

Discounted cash flows

Spread over 3-month Libor

n/a

3.6

%

Liabilities:

Junior subordinated debentures

$

50,507

Discounted cash flows

Spread over 3-month Libor

n/a

3.6

%