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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Cash and cash equivalents (Note 3):    
Cash $ 98,954 $ 26,936
Interest-bearing deposits in banks 54,940 45,142
Total cash and cash equivalents 153,894 72,078
Available-for-sale securities, at fair value (Note 4) 113,346 17,498
Held-to-maturity securities, at amortized cost (fair value 2021 $914; 2020 $1,722) (Note 4) 934 1,743
Placements with banks 2,490 2,739
Mortgage loans held for sale, at fair value 15,836 35,406
Loans receivable, net of allowance for loan losses - 2021 $16,352; 2020 $14,870 (Note 5) 1,305,078 1,158,640
Accrued interest receivable 12,362 11,396
Premises and equipment, net (Note 6) 19,617 32,045
Federal Home Loan Bank of New York (FHLBNY) stock, at cost 6,001 6,426
Deferred tax assets (Note 9) 3,820 4,656
Other assets 20,132 12,604
Total assets 1,653,510 1,355,231
Liabilities:    
Deposits (Note 7) 1,204,716 1,029,579
Accrued interest payable 228 60
Advance payments by borrowers for taxes and insurance 7,657 7,019
Advances from the FHLBNY and others (Note 8) 106,255 117,255
Warehouse lines of credit (Note 8) 15,090 29,961
Mortgage loan fundings payable (Note 8)   1,483
Second-step conversion liabilities 122,000  
Other liabilities 8,308 10,330
Total liabilities 1,464,254 1,195,687
Commitments and contingencies (Note 12)
Stockholders' Equity:    
Preferred stock, $0.01 par value; 10,000,000 shares authorized, none issued
Common stock, $0.01 par value; 50,000,000 shares authorized; 18,463,028 shares issued and 17,425,987 shares outstanding as of December 31, 2021 and 18,463,028 shares issued and 17,125,969 outstanding as of December 31, 2020 185 185
Treasury stock, at cost; 1,037,041 shares as of December 31, 2021 and 1,337,059 shares as of December 31, 2020 (Note 10) (13,687) (18,114)
Additional paid-in-capital 85,601 85,105
Retained earnings 122,956 97,541
Accumulated other comprehensive income (loss) (Note 15) (1,456) 135
Unearned Employee Stock Ownership Plan (ESOP); 434,251 shares as of December 31, 2021 and 530,751 shares as of December 31, 2020 (Note 10) (4,343) (5,308)
Total stockholders' equity 189,256 159,544
Total liabilities and stockholders' equity $ 1,653,510 $ 1,355,231