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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Cash and cash equivalents (Note 3):    
Cash $ 34,074 $ 98,954
Interest-bearing deposits in banks 20,286 54,940
Total cash and cash equivalents 54,360 153,894
Available-for-sale securities, at fair value 129,505 113,346
Held-to-maturity securities, at amortized cost (fair value 2022 $495,851; 2021 $914) (Note 4) 510,820 934
Placements with banks 1,494 2,490
Mortgage loans held for sale, at fair value 1,979 15,836
Loans receivable, net of allowance for loan losses - 2022 $34,592; 2021 $16,352 (Note 5) 1,493,127 1,305,078
Accrued interest receivable 15,049 12,362
Premises and equipment, net (Note 6) 17,446 19,617
Right of use asset 33,423  
Federal Home Loan Bank of New York (FHLBNY) stock, at cost 24,661 6,001
Deferred tax assets (Note 10) 16,137 3,820
Other assets 13,988 20,132
Total assets 2,311,989 1,653,510
Liabilities:    
Deposits (Note 8) 1,252,412 1,204,716
Operating lease liabilities 34,532  
Accrued interest payable 1,390 228
Advance payments by borrowers for taxes and insurance 9,724 7,657
Advances from the FHLBNY and others (Note 9) 517,375 106,255
Warehouse lines of credit (Note 9)   15,090
Mutual holding company conversion subscription liabilities   122,000
Other liabilities 3,856 8,308
Total liabilities 1,819,289 1,464,254
Commitments and contingencies (Note 13)
Stockholders' Equity:    
Preferred stock, $0.01 par value; 10,000,000 shares authorized, 225,000 shares issued and outstanding as of December 31, 2022. None were issued amd outstanding as of December 31, 2021 225,000  
Common stock, $0.01 par value; 200,000,000 shares authorized; 24,861,329 shares issued and 24,859,353 shares outstanding as of December 31, 2022 and 18,463,028 shares issued and 17,425,987 outstanding as of December 31, 2021 249 185
Treasury stock, at cost; 1,976 shares as of December 31, 2022 and 1,037,041 shares as of December 31, 2020 (Note 11) (2) (13,687)
Additional paid-in-capital 206,508 85,601
Retained earnings 92,955 122,956
Accumulated other comprehensive income (loss) (Note 16) (17,860) (1,456)
Unearned Employee Stock Ownership Plan (ESOP); 1,569,476 shares as of December 31, 2022 and 434,251 shares as of December 31, 2021 (Note 11) (14,150) (4,343)
Total stockholders' equity 492,700 189,256
Total liabilities and stockholders' equity $ 2,311,989 $ 1,653,510