CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
ASSETS
Cash and due from financial institutions	$ 32,445	$ 26,224
Interest-earning deposits in other financial institutions	75,201	20,811
Total cash and cash equivalents	107,646	47,035
Equity investments, at estimated fair value	3,616	3,235
Securities available for sale, at estimated fair value (amortized cost of $331,286, at September 30, 2025 and $617,271 at December 31, 2024, net of allowance for credit losses of $0 at September 30, 2025 and December 31, 2024, respectively)	280,514	531,442
Securities held to maturity, at amortized cost (estimated fair value of $680 at September 30, 2025 and $808 at December 31, 2024, respectively, net of allowance for credit losses of $0 at September 30, 2025 and December 31, 2024, respectively)	680	808
FHLBNY and FRBNY stock, at cost	5,524	9,117
Loans, net of deferred loan fees	2,202,356	2,071,419
Allowance for credit losses	(23,645)	(21,388)
Loans, net	2,178,711	2,050,031
Loans held for sale	3,075	0
Premises and equipment, net	15,376	16,375
Operating lease right-of-use assets	4,943	5,446
Goodwill	21,824	21,824
Bank-owned life insurance	2,976	2,952
Interest rate swap assets	17,966	23,829
Accrued interest receivable and other assets	53,783	64,053
Total assets	2,696,634	2,776,147
Deposits:
Non interest-bearing	633,216	625,762
Interest-bearing	1,725,300	1,771,121
Total deposits	2,358,516	2,396,883
Overnight and short-term advances	0	109,110
Subordinated debt, net of issuance costs of $998 and $0, respectively	44,002	0
Long term finance lease obligation	3,530	3,779
Operating lease liabilities	5,124	5,629
Interest rate swap liabilities	18,056	23,851
Accrued interest payable and other liabilities	22,098	21,586
Total liabilities	2,451,326	2,560,838
Shareholders' equity:
Common stock, $0.01 par value per share, 10,000,000 shares authorized; 5,310,076 issued at September 30, 2025 and December 31, 2024	53	53
Additional paid-in capital	49,027	48,783
Retained earnings	250,373	247,705
Treasury stock, at cost; $515,322 shares at September 30, 2025 and $555,881 shares at December 31, 2024	(15,069)	(16,167)
Accumulated other comprehensive loss	(39,076)	(65,065)
Total shareholders' equity	245,308	215,309
Total liabilities and shareholders' equity	$ 2,696,634	$ 2,776,147