FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

Assets and liabilities measured at fair value on a recurring basis are summarized below (in thousands):

			Fair Value Measurement as of September 30, 2025 Using
Financial Assets:	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Mortgage-backed securities, residential	$	252,798	$	—	$	252,798	$	—
Obligations of states and political subdivisions	10,302		—		10,302		—
Corporate bonds and notes	17,414		—		11,345		6,069
Total available for sale securities	$	280,514	$	—	$	274,445	$	6,069
Equity investments, at fair value	$	3,139	$	3,139	$	—	$	—
Derivative assets	$	17,966	$	—	$	17,966	$	—
Financial Liabilities:
Derivative liabilities	$	18,056	$	—	$	18,056	$	—

			Fair Value Measurement as of December 31, 2024 Using
Financial Assets:	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. Treasury notes and bonds	$	56,906	$	56,906	$	—	$	—
Mortgage-backed securities, residential	365,934		—		365,934		—
Obligations of states and political subdivisions	35,505		—		35,505		—
Corporate bonds and notes	22,016		—		9,884		12,132
SBA loan pools	51,081		—		51,081		—
Total available for sale securities	$	531,442	$	56,906	$	462,404	$	12,132
Equity investments, at fair value	$	2,759	$	2,759	$	—	$	—
Derivative assets	$	23,829	$	—	$	23,829	$	—
Financial Liabilities:
Derivative liabilities	$	23,851	$	—	$	23,851	$	—

Schedule of Information Related To Level 3 Non-Recurring Fair Value Measurement

The following tables present a reconciliation of assets measured at fair value on a recurring basis using unobservable inputs (Level 3) for the three and nine month periods ended September 30, 2025 and 2024, and qualitative information regarding Level 3 significant unobservable inputs as of September 30, 2025 and December 31, 2024 (in thousands):

	For the Three Months Ended				For the Nine Months Ended
Level 3 Financial Assets - Corporate bonds and notes	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
Balance of recurring Level 3 assets as of beginning of period	$	5,880	$	6,175	$	12,132	$	7,530
Total gains or losses for the period:
Included in other comprehensive income	189		36		1,338		430
Repayments, calls, and maturities	—		—		(1,000)		—
Transfers into Level 3	—		—		9,629		—
Transfers out of Level 3	—		—		(16,030)		(1,749)
Balance of recurring Level 3 assets as of end of period	$	6,069	$	6,211	$	6,069	$	6,211

September 30, 2025	Fair Value		Valuation Technique	Unobservable Input	Range [Weighted Average] as of September 30, 2025
Corporate bonds and notes	$	6,069	Discounted cash flow	Market discount rate	10.75% -10.75% [10.75%]

December 31, 2024	Fair Value		Valuation Technique	Unobservable Input	Range [Weighted Average] as of December 31, 2024
Corporate bonds and notes	$	12,132	Discounted cash flow	Market discount rate	7.25% - 12.00% [10.82%]

The following tables present quantitative information regarding Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a non-recurring basis as of September 30, 2025 and December 31, 2024 (in thousands):

Description	Fair Value as of September 30, 2025		Valuation Technique	Unobservable Inputs	Range [Weighted Average] as of September 30, 2025
Collateral-dependent loans:
Commercial mortgages:
Non-owner occupied commercial real estate	$	2,146	Income approach	Adjustment to appraised value	—% - 19.57% [17.61%]
Total collateral-dependent loans	$	2,146
Other real estate owned:
Consumer loans:
Home equity lines and loans	$	56	Sales comparison	Adjustment to appraised value	20.80% - 20.80% [20.80%]
Total other real estate owned, net	$	56

Description	Fair Value as of December 31, 2024		Valuation Technique	Unobservable Inputs	Range [Weighted Average] as of December 31, 2024
Collateral-dependent loans:
Commercial and industrial	$	11	Net present value	Discount rate	41.29% - 41.29% [41.29%]
Commercial mortgages:
Non-owner occupied commercial real estate	873		Income approach	Adjustment to appraised value	16.86% - 16.86% [16.86%]
Total collateral-dependent loans	$	884
Other real estate owned:
Residential mortgages	$	126	Sales comparison	Adjustment to appraised value	20.80% - 20.80% [20.80%]
Consumer loans:
Home equity lines and loans	285		Sales comparison	Adjustment to appraised value	20.80% - 20.80% [20.80%]
Total other real estate owned, net	$	411

Schedule of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis

Assets and liabilities measured at fair value on a non-recurring basis as of September 30, 2025 and December 31, 2024 are summarized below (in thousands):

			Fair Value Measurement as of September 30, 2025 Using
Financial Assets:	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Collateral-dependent loans:
Commercial mortgages:
Non-owner occupied commercial real estate	$	2,146	$	—	$	—	$	2,146
Total collateral-dependent loans	$	2,146	$	—	$	—	$	2,146
Other real estate owned:
Consumer loans:
Home equity lines and loans	$	56	$	—	$	—	$	56
Total other real estate owned, net	$	56	$	—	$	—	$	56

			Fair Value Measurement as of December 31, 2024 Using
Financial Assets:	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Collateral-dependent loans:
Commercial and industrial	$	11	$	—	$	—	$	11
Commercial mortgages:
Non-owner occupied commercial real estate	873		—		—		873
Total collateral-dependent loans	$	884	$	—	$	—	$	884
Other real estate owned:
Residential mortgages	$	126	$	—	$	—	$	126
Consumer loans:
Home equity lines and loans	285		—		—		285
Total other real estate owned, net	$	411	$	—	$	—	$	411

Schedule of Carrying Value and Estimated Fair Value of Financial Instruments

The carrying amounts and estimated fair values of financial instruments, as of September 30, 2025 and December 31, 2024, are as follows (in thousands):

	September 30, 2025
Financial assets:	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Estimated Fair Value (1)
Cash and due from financial institutions	$	32,445	$	32,445	$	—	$	—	$	32,445
Interest-earning deposits in other financial institutions	75,201		75,201		—		—		75,201
Equity investments	3,616		3,616		—		—		3,616
Securities available for sale	280,514		—		274,445		6,069		280,514
Securities held to maturity	680		—		—		680		680
FHLBNY and FRBNY stock	5,524		—		—		—		N/A
Loans, net and loans held for sale	2,205,431		—		—		2,134,472		2,134,472
Derivative assets	17,966		—		17,966		—		17,966
Financial liabilities:
Deposits:
Demand, savings, and insured money market deposits	$	1,873,681	$	1,873,681	$	—	$	—	$	1,873,681
Time deposits	484,835		—		485,423		—		485,423
Subordinated debt, net of deferred issuance costs	44,002		—		46,286		—		46,286
Derivative liabilities	18,056		—		18,056		—		18,056

(1) Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

	December 31, 2024
Financial assets:	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Estimated Fair Value (1)
Cash and due from financial institutions	$	26,224	$	26,224	$	—	$	—	$	26,224
Interest-earning deposits in other financial institutions	20,811		20,811		—		—		20,811
Equity investments	3,235		3,235		—		—		3,235
Securities available for sale	531,442		56,906		462,404		12,132		531,442
Securities held to maturity	808		—		—		808		808
FHLBNY and FRBNY stock	9,117		—		—		—		N/A
Loans, net and loans held for sale	2,071,419		—		—		1,981,851		1,981,851
Derivative assets	23,829		—		23,829		—		23,829
Financial liabilities:
Deposits:
Demand, savings, and insured money market deposits	$	1,772,971	$	1,772,971	$	—	$	—	$	1,772,971
Time deposits	623,912		—		622,920		—		622,920
FHLBNY advances	109,110		—		109,083		—		109,083
Derivative liabilities	23,851		—		23,851		—		23,851

(1) Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates.