Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2023

Notes to Financial Statements

Basis of Presentation

Consolidated Statements of Financial Condition:

	As of June 30, 2023
(In thousands)	As Reported		Adjustments		As Restated
Other assets	$	191,752	$	969	$	192,721
Total assets		8,473,883		969		8,474,852
Other liabilities		177,088		2,025		179,113
Total liabilities		7,802,580		2,025		7,804,605
Retained earnings		547,811		(1,056)		546,755
Total stockholders’ equity		671,303		(1,056)		670,247
Total liabilities and stockholders’ equity		8,473,883		969		8,474,852

Consolidated Statements of Income:

	For the three months ended June 30, 2023
(In thousands, except per share data)	As Reported		Adjustments		As Restated
Other income	$	765	$	(102)	$	663
Total non-interest income		5,122		(102)		5,020
Salaries and employee benefits		19,493		197		19,690
Professional services		2,657		(366)		2,291
Total non-interest expense		35,279		(169)		35,110
Income before income taxes		11,805		67		11,872
Federal income tax		2,194		24		2,218
State and local income tax		983		(15)		968
Total provision for income tax		3,177		9		3,186
Net income		8,628		58		8,686
Basic earnings per common share		0.29		—		0.29
Diluted earnings per common share		0.29		—		0.29

Consolidated Statements of Comprehensive Income:

	For the three months ended June 30, 2023
(In thousands)	As Reported		Adjustments		As Restated
Net income	$	8,628	$	58	$	8,686
Comprehensive net income		10,393		58		10,451

Consolidated Statements of Income:

	For the six months ended June 30, 2023
(In thousands, except per share data)	As Reported		Adjustments		As Restated
Other income	$	1,783	$	(153)	$	1,630
Total non-interest income		12,030		(153)		11,877
Salaries and employee benefits		40,380		1,872		42,252
Professional services		5,140		(588)		4,552
Total non-interest expense		72,982		1,284		74,266
Income before income taxes		18,764		(1,437)		17,327
Federal income tax		3,561		(272)		3,289
State and local income tax		1,417		(109)		1,308
Total provision for income tax		4,978		(381)		4,597
Net income		13,786		(1,056)		12,730
Basic earnings per common share		0.46		(0.04)		0.42
Diluted earnings per common share		0.46		(0.04)		0.42

Consolidated Statements of Comprehensive Income:

	For the six months ended June 30, 2023
(In thousands)	As Reported		Adjustments		As Restated
Net income	$	13,786	$	(1,056)	$	12,730
Comprehensive net income		14,255		(1,056)		13,199

Consolidated Statements of Cash Flows:

Operating Activities:	For the six months ended June 30, 2023
(In thousands)	As Reported		Adjustments		As Restated
Net income	$	13,786	$	(1,056)	$	12,730
(Increase) decrease in other assets		(15,971)		(969)		(16,940)
(Decrease) increase in other liabilities		(10,730)		2,025		(8,705)