XML 77 R68.htm IDEA: XBRL DOCUMENT v3.23.3
Fair Value Measurements - Estimated Fair Values of the Financial Instruments (Details) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Financial assets:    
Trading securities $ 11,504 $ 10,751
Debt securities available-for-sale 743,699 952,173
Debt securities held-to-maturity 9,371 10,389
Loans held-for-sale 950  
Financial liabilities:    
Subordinated debentures, net of issuance costs 61,163 60,996
Investment measured at fair value 10,300 10,100
Carrying Value    
Financial assets:    
Cash and cash equivalents 80,556 45,799
Trading securities 11,504 10,751
Debt securities available-for-sale 743,699 952,173
Debt securities held-to-maturity 10,114 10,760
Equity securities 348 361
FHLBNY stock, at cost 41,165 30,382
Loans held-for-sale 950  
Net loans held-for-investment 4,191,494 4,201,076
Derivative assets 6,515 5,321
Financial liabilities:    
Deposits 3,668,513 4,150,219
FHLB advances and other borrowings (including securities sold under agreements to repurchase) 918,973 583,859
Subordinated debentures, net of issuance costs 61,163 60,996
Advance payments by borrowers for taxes and insurance 25,968 25,995
Derivative liabilities 6,516 5,321
Estimated Fair Value    
Financial assets:    
Cash and cash equivalents 80,556 45,799
Trading securities 11,504 10,751
Debt securities available-for-sale 743,699 952,173
Debt securities held-to-maturity 9,371 10,389
Equity securities 348 361
FHLBNY stock, at cost 41,165 30,382
Net loans held-for-investment 3,942,539 4,016,849
Derivative assets 6,515 5,321
Financial liabilities:    
Deposits 3,669,988 4,148,938
FHLB advances and other borrowings (including securities sold under agreements to repurchase) 850,551 564,588
Subordinated debentures, net of issuance costs 45,196 54,393
Advance payments by borrowers for taxes and insurance 25,968 25,995
Derivative liabilities 6,516 5,321
Estimated Fair Value | Level 1    
Financial assets:    
Cash and cash equivalents 80,556 45,799
Trading securities 11,504 10,751
Debt securities available-for-sale 0 0
Debt securities held-to-maturity 0 0
Equity securities 348 361
FHLBNY stock, at cost 0 0
Loans held-for-sale 0  
Net loans held-for-investment 0 0
Derivative assets 0 0
Financial liabilities:    
Deposits 0 0
FHLB advances and other borrowings (including securities sold under agreements to repurchase) 0 0
Subordinated debentures, net of issuance costs 0
Advance payments by borrowers for taxes and insurance 0 0
Derivative liabilities 0 0
Estimated Fair Value | Level 2    
Financial assets:    
Cash and cash equivalents 0 0
Trading securities 0 0
Debt securities available-for-sale 743,699 952,173
Debt securities held-to-maturity 9,371 10,389
Equity securities 0 0
FHLBNY stock, at cost 41,165 30,382
Loans held-for-sale 0  
Net loans held-for-investment 0 0
Derivative assets 6,515 5,321
Financial liabilities:    
Deposits 3,669,988 4,148,938
FHLB advances and other borrowings (including securities sold under agreements to repurchase) 850,551 564,588
Subordinated debentures, net of issuance costs 45,196 54,393
Advance payments by borrowers for taxes and insurance 25,968 25,995
Derivative liabilities 6,516 5,321
Estimated Fair Value | Level 3    
Financial assets:    
Cash and cash equivalents 0 0
Trading securities 0 0
Debt securities available-for-sale 0 0
Debt securities held-to-maturity 0 0
Equity securities 0 0
FHLBNY stock, at cost 0 0
Loans held-for-sale 950  
Net loans held-for-investment 3,942,539 4,016,849
Derivative assets 0 0
Financial liabilities:    
Deposits 0 0
FHLB advances and other borrowings (including securities sold under agreements to repurchase) 0 0
Subordinated debentures, net of issuance costs 0
Advance payments by borrowers for taxes and insurance 0 0
Derivative liabilities $ 0 $ 0