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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest income:      
Loans $ 583,052 $ 590,492 $ 554,488
Securities 45,368 33,563 32,179
Other short-term investments 57,022 26,094 22,693
Total interest income 685,442 650,149 609,360
Interest expense:      
Deposits and escrow 240,131 284,745 219,045
Borrowed funds 33,859 41,036 66,472
Derivative cash collateral 3,454 6,314 7,272
Total interest expense 277,444 332,095 292,789
Net interest income 407,998 318,054 316,571
Provision for credit losses 43,030 36,113 2,770
Net interest income after provision for credit losses 364,968 281,941 313,801
Non-interest income:      
Service charges and other fees 19,907 16,725 16,437
Title fees 659 843 1,295
Loan level derivative income 1,938 2,114 7,081
BOLI income 17,394 10,376 9,748
Gain on sale of SBA Loans 994 407 1,592
Gain on sale of residential loans 194 225 115
Fair value change in equity securities and loans held for sale 200 (1,204) (758)
Gain (loss) on securities 163 (42,810) (1,447)
(Loss) gain on sale of other assets (1,228) 7,219 (22)
Other 4,712 2,150 2,165
Total non-interest income (loss) 44,933 (3,955) 36,206
Non-interest expense:      
Salaries and employee benefits 150,982 136,114 117,437
Severance 2,711 1,296 9,093
Occupancy and equipment 31,897 29,794 29,055
Data processing costs 19,363 17,745 16,474
Marketing 7,421 6,660 6,781
Professional services 7,822 8,614 6,155
Federal deposit insurance premiums 7,329 8,710 8,853
Loss from extinguishment of debt for FHLBNY advances   454  
Loss due to pension settlement 7,231 1,215  
Amortization of other intangible assets 958 1,163 1,425
Other 17,388 14,782 17,855
Total non-interest expense 253,102 226,547 213,128
Income before income taxes 156,799 51,439 136,879
Income tax expense 46,117 22,355 40,785
Net income 110,682 29,084 96,094
Preferred stock dividends 7,286 7,286 7,286
Net income available to common stockholders $ 103,396 $ 21,798 $ 88,808
Earnings per common share:      
Basic (in dollars per share) $ 2.36 $ 0.55 $ 2.29
Diluted (in dollars per share) $ 2.36 $ 0.55 $ 2.29