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Consolidated Statements of Changes in Shareholders’ Equity - USD ($)
$ in Thousands
Total
Charitable Foundation
Unallocated Common Stock Held by ESOP
Common Stock
Common Stock
Charitable Foundation
Additional Paid-In Capital
Additional Paid-In Capital
Charitable Foundation
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period (in shares) at Dec. 31, 2020       100,000            
Balance at beginning of period at Dec. 31, 2020 $ 205,600   $ 0 $ 10   $ 822   $ 205,799   $ (1,031)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) (36,342)             (36,342)    
Other comprehensive income 659                 659
Proceeds of stock offering and issuance of common shares, net of issuance costs, and Issuance of common shares donated to Blue Foundry Charitable Foundation (in shares)       27,672,500 750,000          
Proceeds of stock offering and issuance of common shares, net of issuance costs, and Issuance of common shares donated to Blue Foundry Charitable Foundation 273,598 $ 7,500   $ 268 $ 7 273,330 $ 7,493      
Purchase of common shares by the ESOP (22,818)   (22,818)              
ESOP shares committed to be released (91,272 shares) $ 1,274   913     361        
Balance at end of period (in shares) at Dec. 31, 2021 28,522,500     28,522,500            
Balance at end of period at Dec. 31, 2021 $ 429,471   (21,905) $ 285   282,006   169,457   (372)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 2,396             2,396    
Other comprehensive income (24,347)                 (24,347)
Purchase of common shares by the ESOP 0                  
Purchase of treasury stock (in shares)       (1,298,762)            
Purchase of Treasury stock (15,618)               $ (15,618)  
Treasury stock allocated to restricted stock plan (in shares)       299,481            
Treasury stock allocated to restricted stock plan 0         (3,456)   (90) 3,546  
Compensation cost for stock options and restricted stock 664         664        
ESOP shares committed to be released (91,272 shares) $ 1,152   912     240        
Balance at end of period (in shares) at Dec. 31, 2022 27,523,219     27,523,219            
Balance at end of period at Dec. 31, 2022 $ 393,718   $ (20,993) $ 285   $ 279,454   $ 171,763 $ (12,072) $ (24,719)