Segment Reporting (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2022 and 2021, respectively:

	For the Three Months Ended June 30, 2022
	Ponce Bank			Mortgage World			Ponce Financial Group, Inc.			Eliminations			Consolidated
	(in thousands)
Interest and dividend income	$	17,072		$	95		$	84		$	(84	)	$	17,167
Interest expense		1,750			13			—			(84	)		1,679
Net interest income		15,322			82			84			—			15,488
Provision for loan losses		817			—			—			—			817
Net interest income after provision for loan losses		14,505			82			84			—			14,671
Non-interest income		1,286			1,019			—			(126	)		2,179
Non-interest expense		13,374			1,939			1,380			(126	)		16,567
Income (loss) before income taxes		2,417			(838	)		(1,296	)		—			283
Provision (benefit) for income taxes		(488	)		—			—			—			(488	)
Equity in undistributed earnings of Ponce Bank		—			—			2,067			(2,067	)		—
Net income (loss)	$	2,905		$	(838	)	$	771		$	(2,067	)	$	771

	For the Three Months Ended June 30, 2021
	Ponce Bank		Mortgage World		Ponce Financial Group, Inc.			Eliminations			Consolidated
	(in thousands)
Interest and dividend income	$	15,762	$	82	$	40		$	(40	)	$	15,844
Interest expense		2,080		72		—			(40	)		2,112
Net interest income		13,682		10		40			—			13,732
Provision for loan losses		586		—		—			—			586
Net interest income after provision for loan losses		13,096		10		40			—			13,146
Non-interest income		5,967		2,642		—			(268	)		8,341
Non-interest expense		10,609		2,510		790			(268	)		13,641
Income (loss) before income taxes		8,454		142		(750	)		—			7,846
Provision (benefit) for income taxes		1,745		58		111			—			1,914
Equity in undistributed earnings of Ponce Bank		—		—		6,793			(6,793	)		—
Net income (loss)	$	6,709	$	84	$	5,932		$	(6,793	)	$	5,932

Note 17.Segment Reporting (Continued)

	For the Six Months Ended  June 30, 2022
	Ponce Bank			Mortgage World			Ponce Financial Group, Inc.			Eliminations			Consolidated
	(in thousands)
Interest and dividend income	$	35,960		$	225		$	168		$	(168	)	$	36,185
Interest expense		3,446			81			—			(168	)		3,359
Net interest income		32,514			144			168			—			32,826
Provision for loan losses		2,075			—			—			—			2,075
Net interest income after provision for loan losses		30,439			144			168			—			30,751
Non-interest income		2,342			2,315			—			(252	)		4,405
Non-interest expense		33,492			4,162			7,239			(252	)		44,641
Income (loss) before income taxes		(711	)		(1,703	)		(7,071	)		—			(9,485	)
Provision (benefit) for income taxes		(81	)		—			(3,355	)		—			(3,436	)
Equity in undistributed earnings of Ponce Bank		—			—			(2,333	)		2,333			—
Net income (loss)	$	(630	)	$	(1,703	)	$	(6,049	)	$	2,333		$	(6,049	)
Total assets at June 30, 2022	$	2,016,086		$	17,596		$	518,082		$	(509,481	)	$	2,042,283
Total assets at December 31, 2021	$	1,630,031		$	20,096		$	312,137		$	(308,754	)	$	1,653,510

	For the Six Months Ended  June 30, 2021
	Ponce Bank		Mortgage World		Ponce Financial Group, Inc.			Eliminations			Consolidated
	(in thousands)
Interest and dividend income	$	30,789	$	232	$	81		$	(81	)	$	31,021
Interest expense		4,266		212		—			(81	)		4,397
Net interest income		26,523		20		81			—			26,624
Provision for loan losses		1,272		—		—			—			1,272
Net interest income after provision for loan losses		25,251		20		81			—			25,352
Non-interest income		7,771		5,000		—			(537	)		12,234
Non-interest expense		20,609		4,801		1,684			(538	)		26,556
Income (loss) before income taxes		12,413		219		(1,603	)		1			11,030
Provision (benefit) for income taxes		2,850		98		(302	)		—			2,646
Equity in undistributed earnings of Ponce Bank		—		—		9,684			(9,684	)		—
Net income (loss)	$	9,563	$	121	$	8,383		$	(9,683	)	$	8,384