Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Operations and Total Assets of Operating Segments

The following tables set forth condensed consolidated statements of operations and total assets for the operating segments for the three months ended March 31, 2022 and 2021, respectively:

	For the Three Months Ended  March 31, 2022
	Ponce Bank			Mortgage World			Ponce Financial Group, Inc.			Eliminations			Consolidated
	(in thousands)
Interest and dividend income	$	18,888		$	130		$	84		$	(84	)	$	19,018
Interest expense		1,696			68			—			(84	)		1,680
Net interest income		17,192			62			84			—			17,338
Provision for loan losses		1,258			—			—			—			1,258
Net interest income after provision for loan losses		15,934			62			84			—			16,080
Non-interest income		1,055			1,297			—			(126	)		2,226
Non-interest expense		20,118			2,223			5,859			(126	)		28,074
Income (loss) before income taxes		(3,129	)		(864	)		(5,775	)		—			(9,768	)
Provision (benefit) for income taxes		406			—			(3,354	)		—			(2,948	)
Equity in undistributed earnings of Ponce Bank		—			—			(4,399	)		4,399			—
Net income (loss)	$	(3,535	)	$	(864	)	$	(6,820	)	$	4,399		$	(6,820	)
Total assets at March 31, 2022	$	1,574,228		$	15,938		$	298,418		$	(293,987	)	$	1,594,597
Total assets at December 31, 2021	$	1,630,031		$	20,096		$	312,137		$	(308,754	)	$	1,653,510

	For the Three Months Ended  March 31, 2021
	Ponce Bank		Mortgage World		Ponce Financial Group, Inc.			Eliminations			Consolidated
	(in thousands)
Interest and dividend income	$	15,027	$	150	$	41		$	(41	)	$	15,177
Interest expense		2,186		140		—			(41	)		2,285
Net interest income		12,841		10		41			—			12,892
Provision for loan losses		686		—		—			—			686
Net interest income after provision for loan losses		12,155		10		41			—			12,206
Non-interest income		1,804		2,358		—			(269	)		3,893
Non-interest expense		10,000		2,291		893			(269	)		12,915
Income (loss) before income taxes		3,959		77		(852	)		—			3,184
Provision (benefit) for income taxes		1,105		40		(413	)		—			732
Equity in undistributed earnings of Ponce Bank		—		—		2,891			(2,891	)		—
Net income (loss)	$	2,854	$	37	$	2,452		$	(2,891	)	$	2,452