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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks, (restricted cash of $47,945, and $66,345, respectively) $ 172,157 $ 151,754
Securities held-to-maturity:    
Securities held-to-maturity, net of allowance of $1,087 and $1,100, respectively (assets pledged of $4,595 and $4,550, respectively; fair value of $65,755 and $62,550, respectively) 72,923 73,711
Securities available for sale, at fair value:    
Securities available for sale, at fair value (assets pledged of $195,444 and $172,235, respectively; $13,359 and $13,023 at fair value pursuant to the fair value option, respectively) 874,753 735,357
Loans:    
Loans, net of fees and costs 6,906,950 6,934,769
Less: Allowance for credit losses (40,161) (40,442)
Net loans 6,866,789 6,894,327
Interest and dividends receivable 59,018 45,048
Bank premises and equipment, net 21,273 21,750
Federal Home Loan Bank of New York stock, at cost 31,066 45,842
Bank owned life insurance 213,518 213,131
Goodwill 17,636 17,636
Core deposit intangibles 1,537 2,017
Right of use asset 39,557 43,289
Other assets 167,009 179,084
Total assets 8,537,236 8,422,946
Liabilities    
Non-interest bearing 847,416 921,238
Interest-bearing 5,917,463 5,515,945
Total Due to depositors 6,764,879 6,437,183
Mortgagors' escrow deposits 50,382 48,159
Borrowed funds:    
Federal Home Loan Bank advances and other borrowings 605,801 815,501
Subordinated debentures 187,630 186,965
Junior subordinated debentures, at fair value 47,850 50,507
Total borrowed funds 841,281 1,052,973
Operating lease liability 40,822 46,125
Other liabilities 170,035 161,349
Total liabilities 7,867,399 7,745,789
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; 28,865,810 shares and 29,476,391 shares outstanding, respectively) 341 341
Additional paid-in capital 264,534 264,332
Treasury stock, at average cost (5,221,813 shares and 4,611,232 shares, respectively) (106,070) (98,535)
Retained earnings 549,683 547,507
Accumulated other comprehensive loss, net of taxes (38,651) (36,488)
Total stockholders' equity 669,837 677,157
Total liabilities and stockholders' equity $ 8,537,236 $ 8,422,946