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Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Common Stock
Restricted Stock Units
Treasury Stock, At Cost
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Unallocated Common Stock of ESOP
Balance at Dec. 31, 2020 $ 159,544   $ 185   $ (18,114) $ 85,105 $ 97,541 $ 135 $ (5,308)
Balance, Shares at Dec. 31, 2020     17,125,969            
Net (loss) income 2,452           2,452    
Other comprehensive income (loss), net of tax (107)             (107)  
Treasury stock (1,171)       (1,171)        
Treasury stock, Shares     (107,717)            
ESOP shares committed to be released 134         13     121
Share-based compensation 352         352      
Balance at Mar. 31, 2021 161,204   $ 185   (19,285) 85,470 99,993 28 (5,187)
Balance, Shares at Mar. 31, 2021     17,018,252            
Balance at Dec. 31, 2020 159,544   $ 185   (18,114) 85,105 97,541 135 (5,308)
Balance, Shares at Dec. 31, 2020     17,125,969            
Net (loss) income 10,436                
Balance at Sep. 30, 2021 173,887   $ 185   (15,069) 86,360 107,977 (621) (4,945)
Balance, Shares at Sep. 30, 2021     17,330,942            
Balance at Mar. 31, 2021 161,204   $ 185   (19,285) 85,470 99,993 28 (5,187)
Balance, Shares at Mar. 31, 2021     17,018,252            
Net (loss) income 5,932           5,932    
Other comprehensive income (loss), net of tax (69)             (69)  
Treasury stock 4,307       4,216 91      
Treasury stock, Shares     309,690            
ESOP shares committed to be released 164         43     121
Share-based compensation 352         352      
Balance at Jun. 30, 2021 171,890   $ 185   (15,069) 85,956 105,925 (41) (5,066)
Balance, Shares at Jun. 30, 2021     17,327,942            
Net (loss) income 2,052           2,052    
Other comprehensive income (loss), net of tax (580)             (580)  
Treasury stock, Shares     3,000            
ESOP shares committed to be released 174         53     121
Share-based compensation 351         351      
Balance at Sep. 30, 2021 173,887   $ 185   (15,069) 86,360 107,977 (621) (4,945)
Balance, Shares at Sep. 30, 2021     17,330,942            
Balance at Dec. 31, 2021 189,256   $ 185   (13,687) 85,601 122,956 (1,456) (4,343)
Balance, Shares at Dec. 31, 2021     17,425,987            
Net (loss) income (6,820)           (6,820)    
Other comprehensive income (loss), net of tax (5,579)             (5,579)  
Conversion and reorganization of PDL Community Bancorp 118,010   $ 58     117,952      
Conversion and reorganization of PDL Community Bancorp, shares     5,788,972            
Retirement of treasury stock     $ (11)   13,687 (13,676)      
Purchase of shares by the Employee Stock Ownership Plan ("ESOP')     $ 11     10,963     (10,974)
Purchase of shares by the Employee Stock Ownership Plan ("ESOP'), shares     1,097,353            
Issuance of shares to the Ponce De Leon Foundation 3,995   $ 4     3,991      
Issuance of shares to the Ponce De Leon Foundation, shares     399,522            
Release of restricted stock units, shares       12,440          
ESOP shares committed to be released 366         61     305
Share-based compensation 351         351      
Balance at Mar. 31, 2022 299,579   $ 247     205,243 116,136 (7,035) (15,012)
Balance, Shares at Mar. 31, 2022     24,724,274            
Balance at Dec. 31, 2021 189,256   $ 185   $ (13,687) 85,601 122,956 (1,456) (4,343)
Balance, Shares at Dec. 31, 2021     17,425,987            
Net (loss) income (20,787)                
Balance at Sep. 30, 2022 500,683 $ 225,000 $ 247     206,092 102,169 (18,420) (14,405)
Balance, Shares at Sep. 30, 2022   225,000 24,728,460            
Balance at Mar. 31, 2022 299,579   $ 247     205,243 116,136 (7,035) (15,012)
Balance, Shares at Mar. 31, 2022     24,724,274            
Net (loss) income 771           771    
Other comprehensive income (loss), net of tax (7,997)             (7,997)  
Issuance of preferred shares 225,000 $ 225,000              
Issuance of preferred shares, shares   225,000              
ESOP shares committed to be released 324         21     303
Share-based compensation 405         405      
Balance at Jun. 30, 2022 518,082 $ 225,000 $ 247     205,669 116,907 (15,032) (14,709)
Balance, Shares at Jun. 30, 2022   225,000 24,724,274            
Net (loss) income (14,738)           (14,738)    
Other comprehensive income (loss), net of tax (3,388)             (3,388)  
Release of restricted stock units, shares       4,186          
ESOP shares committed to be released 322         18     304
Share-based compensation 405         405      
Balance at Sep. 30, 2022 $ 500,683 $ 225,000 $ 247     $ 206,092 $ 102,169 $ (18,420) $ (14,405)
Balance, Shares at Sep. 30, 2022   225,000 24,728,460