Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Basis of Presentation

Consolidated Statements of Financial Condition:

	As of March 31, 2023
(In thousands)	As Reported		Adjustments		As Restated
Other assets	$	168,259	$	613	$	168,872
Total assets		8,479,121		613		8,479,734
Other liabilities		138,710		1,727		140,437
Total liabilities		7,805,662		1,727		7,807,389
Retained earnings		545,786		(1,114)		544,672
Total stockholders’ equity		673,459		(1,114)		672,345
Total liabilities and stockholders’ equity		8,479,121		613		8,479,734

Consolidated Statements of Income:

	For the three months ended March 31, 2023
(In thousands, except per share data)	As Reported		Adjustments		As Restated
Other income	$	1,018	$	(51)	$	967
Total non-interest income		6,908		(51)		6,857
Salaries and employee benefits		20,887		1,675		22,562
Professional services		2,483		(222)		2,261
Total non-interest expense		37,703		1,453		39,156
Income before income taxes		6,959		(1,504)		5,455
Federal income tax		1,367		(296)		1,071
State and local income tax		434		(94)		340
Total provision for income tax		1,801		(390)		1,411
Net income		5,158		(1,114)		4,044
Basic earnings per common share		0.17		(0.04)		0.13
Diluted earnings per common share		0.17		(0.04)		0.13

Consolidated Statements of Comprehensive Income:

	For the three months ended March 31, 2023
(In thousands)	As Reported		Adjustments		As Restated
Net income	$	5,158	$	(1,114)	$	4,044
Comprehensive net income		3,862		(1,114)		2,748

Consolidated Statements of Cash Flows:

Operating Activities:

	For the three months March 31, 2023
(In thousands)	As Reported		Adjustments		As Restated
Net income	$	5,158	$	(1,114)	$	4,044
(Increase) decrease in other assets		(8,420)		(613)		(9,033)
(Decrease) increase in other liabilities		(16,889)		1,727		(15,162)