BCB Bancorp (BCBP) 10-Q 1 Nov 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Nov. 01, 2024
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	0-50275
Entity Registrant Name	BCB Bancorp, Inc.
Entity Incorporation State Country Code	NJ
Entity Tax Identification Number	26-0065262
Entity Address Address Line 1	104-110 Avenue C
Entity Address City Or Town	Bayonne
Entity Address State Or Province	NJ
Entity Address Postal Zip Code	07002
City Area Code	201
Local Phone Number	823-0700
Security 12b Title	Common Stock, no par value
Trading Symbol	BCBP
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock Shares Outstanding		17,047,974
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001228454
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
ASSETS
Cash and amounts due from depository institutions	$ 12,617	$ 16,597
Interest-earning deposits	230,506	262,926
Total cash and cash equivalents	243,123	279,523
Interest-earning time deposits	735	735
Debt securities available for sale, at fair value	98,169	87,769
Equity investments, at fair value	10,133	9,093
Loans held for sale	250	1,287
Loans receivable, net of allowance for credit losses of $34,693 and $33,608, respectively	3,087,914	3,279,708
Federal Home Loan Bank of New York stock, at cost	24,732	24,917
Premises and equipment, net	12,008	13,057
Accrued interest receivable	16,496	16,072
Deferred income taxes, net	17,370	18,213
Goodwill and other intangibles	5,253	5,253
Operating lease right-of-use assets	13,438	12,935
Bank-owned life insurance ("BOLI")	75,404	73,407
Other assets	8,745	10,428
Total Assets	3,613,770	3,832,397
LIABILITIES
Non-interest-bearing deposits	528,089	536,264
Interest-bearing deposits	2,196,491	2,442,816
Total deposits	2,724,580	2,979,080
FHLB advances	466,424	472,811
Subordinated debentures	67,042	37,624
Operating lease liability	13,878	13,315
Other liabilities	13,733	15,512
Total Liabilities	3,285,657	3,518,342
STOCKHOLDERS' EQUITY
Preferred stock: $0.01 par value, 10,000,000 shares authorized; issued and outstanding 3000 shares Series I 3.0% and Series J 8.0% (liquidation value $10,000 per share) noncumulative perpetual preferred stock at September 30, 2024 and 2,528 shares of Series I 3.0% and Series J 8.0% (liquidation value $10,000 per share) noncumulative perpetual preferred stock at December 31, 2023
Additional paid-in capital preferred stock	29,763	25,043
Common stock: no par value; 40,000,000 shares authorized; issued 20,281,945 and 20,138,294 at September 30, 2024 and December 31, 2023, respectively, outstanding 17,047,974 and 16,904,323, at September 30, 2024 and December 31, 2023, respectively
Additional paid-in capital common stock	200,605	198,923
Retained earnings	141,770	135,927
Accumulated other comprehensive loss	(5,678)	(7,491)
Treasury stock, at cost, 3,233,971 shares at September 30, 2024 and December 31, 2023	(38,347)	(38,347)
Total Stockholders' Equity	328,113	314,055
Total Liabilities and Stockholders' Equity	$ 3,613,770	$ 3,832,397

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2024 USD ($) $ / shares shares	Sep. 30, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares
Loans receivable, allowance for loan losses | $	$ 34,693	$ 34,693	$ 33,608
Preferred stock, par value per share | $ / shares	$ 0.01	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000	10,000,000
Preferred stock, shares issued	3,000	3,000	2,528
Preferred stock, shares outstanding	3,000	3,000	2,528
Common stock, no par value | $ / shares	$ 0	$ 0	$ 0
Common stock, shares authorized	40,000,000	40,000,000	40,000,000
Common stock, shares issued	20,281,945	20,281,945	20,138,294
Common stock, shares outstanding	17,047,974	17,047,974	16,904,323
Treasury stock, shares	3,233,971	3,233,971	3,233,971
Series I Preferred Stock [Member]
Preferred stock, dividend rate	3%	3%	3%
Preferred stock, liquidation preference per share | $ / shares	$ 10,000	$ 10,000	$ 10,000
Series J Preferred Stock [Member]
Preferred stock, dividend rate	8%	8%	8%
Preferred stock, liquidation preference per share | $ / shares	$ 10,000	$ 10,000	$ 10,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands		3 Months Ended			9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Interest and dividend income:
Loans, including fees		$ 42,857	$ 44,133	$ 32,302	$ 130,615	$ 125,666	$ 87,404
Mortgage-backed securities		303	217	173	905	587	379
Other investment securities		994	1,045	1,103	2,975	3,235	2,990
FHLB stock and other interest earning assets		4,472	3,672	822	12,861	9,168	1,812
Total interest income		48,626	49,067	34,400	147,356	138,656	92,585
Deposits:
Demand		5,686	4,556	1,169	16,292	11,900	2,873
Savings and club		146	182	113	464	443	331
Certificates of deposit		13,670	10,922	1,087	43,224	25,849	2,916
Total deposits		19,502	15,660	2,369	59,980	38,192	6,120
Borrowings		6,079	7,727	1,080	17,549	20,324	2,701
Total interest expense		25,581	23,387	3,449	77,529	58,516	8,821
Net interest income		23,045	25,680	30,951	69,827	80,140	83,764
Provision (benefit) for credit losses	[1]	2,890	2,205		7,416	4,177	(2,575)
Net interest income after provision (benefit) for credit losses		20,155	23,475	30,951	62,411	75,963	86,339
Non-interest income:
Fees and service charges		1,196	1,349	1,251	3,530	3,889	3,678
BOLI income		652	466	646	1,998	1,154	2,087
Gain (loss) gain on sales of loans		35	19	18	(4,771)	25	126
Realized and unrealized gain (loss) on equity investments		1,132	(494)	(559)	1,040	(4,390)	(5,546)
Other		112	66	90	205	182	188
Total non-interest income		3,127	1,406	1,446	2,002	860	533
Non-interest expense:
Salaries and employee benefits		7,139	7,524	6,944	21,112	22,853	20,395
Occupancy and equipment		2,591	2,622	2,608	7,764	7,734	7,976
Data processing and communications		1,681	1,787	1,520	5,206	5,247	4,454
Professional fees		618	560	614	1,817	1,748	1,597
Director fees		351	274	375	882	809	992
Regulatory assessments		666	1,111	264	2,761	2,443	812
Advertising and promotional		182	317	286	651	945	681
Other real estate owned, net			1	1		3	6
Other		701	1,267	841	2,561	2,241	2,555
Total non-interest expense		13,929	15,463	13,453	42,754	44,023	39,468
Income before income tax provision		9,353	9,418	18,944	21,659	32,800	47,404
Income tax provision		2,685	2,707	5,552	6,308	9,379	13,897
Net Income		6,668	6,711	13,392	15,351	23,421	33,507
Preferred stock dividends		475	173	174	1,357	520	624
Net Income available to common stockholders		$ 6,193	$ 6,538	$ 13,218	$ 13,994	$ 22,901	$ 32,883
Net Income per common share-basic and diluted
Basic		$ 0.36	$ 0.39	$ 0.78	$ 0.82	$ 1.36	$ 1.94
Diluted		$ 0.36	$ 0.39	$ 0.76	$ 0.82	$ 1.35	$ 1.89
Weighted average number of common shares outstanding
Basic		17,039	16,830	16,982	16,991	16,868	16,986
Diluted		17,064	16,854	17,356	16,992	16,951	17,369
[1] The Company adopted ASU 2016-13 as of January 1, 2023. Prior year periods have not been restated.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Jun. 30, 2023	Sep. 30, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Consolidated Statements of Comprehensive Income [Abstract]
Net Income	$ 6,668	$ 6,711	$ 13,392	$ 15,351	$ 23,421	$ 33,507
Available-for-sale debt securities:
Unrealized holding income gain (loss) arising during the period	2,809	(414)	(4,191)	2,405	(4,204)	(9,675)
Tax Effect	(692)	209	1,039	(592)	1,069	2,398
Other comprehensive income/(loss)	2,117	(205)	(3,152)	1,813	(3,135)	(7,277)
Comprehensive income	$ 8,785	$ 6,506	$ 10,240	$ 17,164	$ 20,286	$ 26,230

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - USD ($) $ in Thousands	Additional Paid-In Capital [Member] Adjusted Balance [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member] Effect of Adopting ASU No. 2016-13 ("CECL") [Member]	Retained Earnings [Member] Adjusted Balance [Member]	Retained Earnings [Member]	Treasury Stock [Member] Adjusted Balance [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member] Adjusted Balance [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Effect of Adopting ASU No. 2016-13 ("CECL") [Member]	Adjusted Balance [Member]	Total
Beginning balance at Dec. 31, 2021		$ 222,850			$ 81,171		$ (31,125)		$ 1,128			$ 274,024
Net income					33,507							33,507
Other comprehensive income (loss)									(7,277)			(7,277)
Exercise of stock options		3										3
Stock-based compensation expense		458										458
Treasury Stock Purchases							(1,998)					(1,998)
Dividends payable on noncumulative perpetual preferred stock					(624)							(624)
Redemption of Series Preferred Stock		(14,730)										(14,730)
Issuance of Series Preferred Stock		6,809										6,809
Cash dividends on common stock (per share declared)					(7,809)							(7,809)
Dividend reinvestment plan		351			(351)
Stock Purchase Plan		319										319
Ending balance at Sep. 30, 2022		216,060			105,894		(33,123)		(6,149)			282,682
Beginning balance at Jun. 30, 2022		211,130			95,393		(31,889)		(2,997)			271,637
Net income					13,392							13,392
Other comprehensive income (loss)									(3,152)			(3,152)
Exercise of stock options		3										3
Stock-based compensation expense		267										267
Treasury Stock Purchases							(1,234)					(1,234)
Dividends payable on noncumulative perpetual preferred stock					(174)							(174)
Issuance of Series Preferred Stock		4,439										4,439
Cash dividends on common stock (per share declared)					(2,596)							(2,596)
Dividend reinvestment plan		121			(121)
Stock Purchase Plan		100										100
Ending balance at Sep. 30, 2022		216,060			105,894		(33,123)		(6,149)			282,682
Beginning balance at Dec. 31, 2022	$ 217,167	217,167	$ 2,870	$ 117,979	115,109	$ (34,531)	(34,531)	$ (6,491)	(6,491)	$ 2,870	$ 294,124	291,254
Net income					23,421							23,421
Other comprehensive income (loss)									(3,135)			(3,135)
Exercise of stock options		418										418
Stock-based compensation expense		402										402
Treasury Stock Purchases							(3,816)					(3,816)
Dividends payable on noncumulative perpetual preferred stock					(520)							(520)
Redemption of Series Preferred Stock		(220)										(220)
Cash dividends on common stock (per share declared)					(7,864)							(7,864)
Dividend reinvestment plan		287			(287)
Stock Purchase Plan		826										826
Ending balance at Sep. 30, 2023		218,880			132,729		(38,347)		(9,626)			303,636
Beginning balance at Jun. 30, 2023		218,524			128,867		(38,347)		(9,421)			299,623
Net income					6,711							6,711
Other comprehensive income (loss)									(205)			(205)
Stock-based compensation expense		185										185
Dividends payable on noncumulative perpetual preferred stock					(173)							(173)
Redemption of Series Preferred Stock		(220)										(220)
Cash dividends on common stock (per share declared)					(2,584)							(2,584)
Dividend reinvestment plan		92			(92)
Stock Purchase Plan		299										299
Ending balance at Sep. 30, 2023		218,880			132,729		(38,347)		(9,626)			303,636
Ending balance at Dec. 31, 2023		223,966			135,927		(38,347)		(7,491)			314,055
Net income					15,351							15,351
Other comprehensive income (loss)									1,813			1,813
Stock-based compensation expense		626										626
Dividends payable on noncumulative perpetual preferred stock					(1,357)							(1,357)
Issuance of Series Preferred Stock		4,720										4,720
Cash dividends on common stock (per share declared)					(7,820)							(7,820)
Dividend reinvestment plan		331			(331)
Stock Purchase Plan		725										725
Ending balance at Sep. 30, 2024		230,368			141,770		(38,347)		(5,678)			328,113
Beginning balance at Jun. 30, 2024		228,565			138,309		(38,347)		(7,795)			320,732
Net income					6,668							6,668
Other comprehensive income (loss)									2,117			2,117
Stock-based compensation expense		229										229
Dividends payable on noncumulative perpetual preferred stock					(475)							(475)
Issuance of Series Preferred Stock		1,360										1,360
Cash dividends on common stock (per share declared)					(2,618)							(2,618)
Dividend reinvestment plan		114			(114)
Stock Purchase Plan		100										100
Ending balance at Sep. 30, 2024		$ 230,368			$ 141,770		$ (38,347)		$ (5,678)			$ 328,113

Consolidated Statement of Cha_2

Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended			9 Months Ended			12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023
Exercise of stock options (shares)			111,750		61,000	111,950
Treasury stock purchases (shares)			116,626		266,753	71,513
Cash dividends on common stock (per share)	$ 0.16	$ 0.16	$ 0.16	$ 0.48	$ 0.48	$ 0.48
Series D Preferred Stock [Member]
Preferred stock, dividend rate						4.50%
Series G Preferred Stock [Member]
Preferred stock, dividend rate			3%			6%
Series H Preferred Stock [Member]
Preferred stock, dividend rate		3.50%	3.50%		3.50%	3.50%
Series I Preferred Stock [Member]
Preferred stock, dividend rate	3%	3%		3%	3%	3%	3%
Series J Preferred Stock [Member]
Preferred stock, dividend rate	8%			8%			8%

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Cash Flows from Operating Activities:
Net Income		$ 15,351	$ 23,421	$ 33,507
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of premises and equipment		1,322	1,480	1,735
Amortization and accretion, net		(1,191)	(1,835)	(1,005)
Provision (benefit) for credit losses	[1]	7,416	4,177	(2,575)
Deferred income tax expense (benefit)		251	782	(505)
Loans originated for sale		(4,035)	(1,528)	(5,733)
Proceeds from sales of loans		38,991	1,739	6,811
(Loss) gain on sales of loans		4,771	(25)	(126)
Gain on sale of fixed asset		(4)
Realized and unrealized (gain) loss on equity investments		(1,040)	4,390	5,546
Stock-based compensation expense		626	402	458
Increase in cash surrender value of BOLI		(1,998)	(1,154)	(2,087)
Net change in accrued interest receivable		(424)	(2,720)	(1,910)
Net change in other assets		1,684	(246)	700
Net change in accrued interest payable		(1,283)	2,662	(214)
Net change in other liabilities		(496)	2,946	(1,841)
Net Cash Provided by Operating Activities		59,941	34,491	32,761
Cash flows from investing activities:
Proceeds from repayments, calls, and maturities on securities available for sale		2,343	13,653	9,310
Purchases of securities		(10,349)	(12,498)	(26,968)
Proceeds from sales of securities			5,024	1,232
Proceeds from sales of fixed asset		4
Proceeds from the sale of portfolio loans		2,014
Net decrease (increase) in loans receivable		145,368	(239,035)	(477,429)
Proceeds from BOLI				3,500
Additions to premises and equipment		(273)	(4,335)	(221)
Purchase (redemption) of Federal Home Loan Bank of New York stock		185	(11,516)	(6,304)
Net Cash Provided by (Used In) Investing Activities		139,292	(248,707)	(496,880)
Cash flows from financing activities:
Net (decrease) increase in deposits		(254,500)	7,949	151,544
Proceeds from Federal Home Loan Bank of New York Long Term Advances			400,000
Repayments of Federal Home Loan Bank of New York Advances		(6,800)
Net change in Federal Home Loan Bank of New York Short Term Advances			(160,000)	140,000
Purchases of treasury stock			(3,816)	(1,998)
Cash dividends paid on common stock		(7,820)	(7,864)	(7,809)
Cash dividends paid on preferred stock		(1,357)	(520)	(624)
Net proceeds from issuance of common stock		725	826	319
Net proceeds from issuance of preferred stock		4,720		6,809
Payments for redemption of preferred stock			(220)	(14,730)
Net proceeds from issuance of subordinated debt		38,799
Net payment from redemption of subordinated debt		(9,400)
Exercise of stock options			418	3
Net Cash (Used in) Provided by Financing Activities		(235,633)	236,773	273,514
Net (Decrease) Increase in Cash and Cash Equivalents		(36,400)	22,557	(190,605)
Cash and Cash Equivalents-Beginning		279,523	229,359	411,629
Cash and Cash Equivalents-Ending		243,123	251,916	221,024
Supplementary Cash Flow Information:
Cash paid during the period for: Income taxes		3,429	12,322	13,615
Cash paid during the period for: Interest		78,812	$ 55,853	$ 9,036
Transfer of loans receivable to loans held for sale		$ 38,402
[1] The Company adopted ASU 2016-13 as of January 1, 2023. Prior year periods have not been restated.

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2024
Basis of Presentation [Abstract]
Basis of Presentation	Note 1 – Basis of Presentation BCB Bancorp, Inc. (the “Company”) is incorporated in the State of New Jersey and is a bank holding company. The common stock of the Company is listed on the NASDAQ Global Market and trades under the symbol “BCBP”. The Company’s primary business is the ownership and operation of BCB Community Bank (the “Bank”). The Bank is a New Jersey based commercial bank which, as of September 30, 2024, operated at 27 locations in Bayonne, Edison, Fairfield, Hoboken, Holmdel, Jersey City, Lyndhurst, Maplewood, Monroe Township, Newark, Parsippany, Plainsboro, South Orange, River Edge, Rutherford, Union, and Woodbridge New Jersey, as well as Staten Island and Hicksville, New York and is subject to regulation, supervision, and examination by the New Jersey Department of Banking and Insurance and the Federal Deposit Insurance Corporation. The Bank is principally engaged in the business of attracting deposits from the general public and using these deposits, together with borrowed funds, to invest in securities and to make loans collateralized by residential and commercial real estate and, to a lesser extent, business and consumer loans. BCB Holding Company Investment Corp. (the “New Jersey Investment Company”) was organized in January 2005 under New Jersey law as a New Jersey investment company primarily to hold investment and mortgage-backed securities. As a part of the merger with IA Bancorp, Inc., the Company acquired Special Asset REO 1, LLC and Special Asset REO 2, LLC. Special Asset REO 2 was inactive at September 30, 2024. The Bank changed the name of Special Asset REO 1, LLC to BCB Capital Finance Group, LLC in November 2023. The consolidated financial statements which include the accounts of the Company and its wholly-owned subsidiaries have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”). All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Regulation S-X and, therefore, do not necessarily include all information that would be included in audited consolidated financial statements. The information furnished reflects all adjustments that are, in the opinion of management, necessary for a fair presentation of consolidated financial condition and results of operations. All such adjustments are of a normal recurring nature. These results are not necessarily indicative of the results to be expected for the fiscal year ending December 31 , or any other future period. The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated statement of financial condition and revenues and expenses for the periods then ended. Actual results could differ significantly from those estimates. These unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes for the year ended December 31, 2023, which are included in the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission (the “SEC”). In preparing these consolidated financial statements, the Company evaluated the events and transactions that occurred between December 31, 2023 and the date these consolidated financial statements were issued. Risks and Uncertainties - The occurrence of events which adversely affect the global, national and regional economies may have a negative impact on our business. Like other financial institutions, our business relies upon the ability and willingness of our customers to transact business with us, including banking, borrowing and other financial transactions. A strong and stable economy at each of the local, federal and global levels is often a critical component of consumer confidence and typically correlates positively with our customers’ ability and willingness to transact certain types of business with us. Local and global events outside of our control which disrupt the New Jersey, New York, United States and/or global economy may therefore negatively impact our business and financial condition. A public health crisis such as the COVID-19 pandemic is no exception, and its adverse health and economic effects may adversely impact our business and financial condition.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2024
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	Note 2 - Recent Accounting Pronouncements In December 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”. The amendments in this ASU require improved annual income tax disclosures surrounding rate reconciliation, income taxes paid, and other disclosures. This update will be effective for financial statements issued for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact of this standard on the consolidated financial statements. In March 2022, FASB issued Accounting Standards Update (“ASU”) 2022-02, Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. The amendments in this update eliminate the existing accounting guidance for troubled debt restructures ("TDRs") by creditors in Subtopic 310-40, Receivables - Troubled Debt Restructurings by Creditor s and instead requires that an entity evaluate whether a modification represents a new loan or a continuation of an existing loan. The amendments also enhance disclosure requirements for certain loan refinancing and restructuring by creditors when a borrower is experiencing financial difficulty. All amendments in this update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company adopted ASU 2022-02 on January 1, 2023. The adoption of this standard did not have a material effect on the Company's financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses ASU 2016-13, and related guidance, requires entities to report “expected” credit losses on financial instruments and other commitments to extend credit rather than the current “incurred loss” model. The Company adopted ASU 2016-13 on January 1, 2023 for all financial assets measured at amortized cost and off-balance sheet credit exposures using the modified retrospective method. Results for the twelve months ended December 31, 2023 are presented under Accounting Standards Codification 326, Financial Instruments – Credit Losses, while prior period amounts continue to be reported with previously applicable GAAP and have not been restated. Effective January 1, 2023, the Company recorded a $ 4.2 million decrease in allowance for credit losses on loans that is referred to as the current expected credit loss (“CECL”) methodology (previously allowance for loan losses), an elimination of $ 1.1 million of reserves related to acquired loans, and a $ 1.3 million increase related to allowance for off-balance sheet credit exposures included in other liabilities section of the consolidated statements of financial condition, which resulted in a total cumulative effect adjustment of $ 2.9 million and an increase to retained earnings a component of the stockholders’ equity (net of tax). Allowance for Credit Losses The allowance for credit losses represents the estimated amount considered necessary to cover lifetime expected credit losses inherent in financial assets at the balance sheet date. The measurement of expected credit losses is applicable to loans receivable and securities measured at amortized cost. It also applies to off-balance sheet credit exposures such as loan commitments and unused lines of credit. The allowance is established through a provision for credit losses that is charged against income. The methodology for determining the allowance for credit losses is considered a critical accounting policy by management because of the high degree of judgment involved, the subjectivity of the assumptions used, and the potential for changes in the forecasted economic environment that could result in changes to the amount of the recorded allowance for credit losses. The allowance for credit losses is reported separately as a contra-asset on the consolidated statement of financial condition. The expected credit loss for unfunded lending commitments and unfunded loan commitments is reported on the consolidated statement of financial condition in other liabilities while the provision for credit losses related to unfunded commitments is reported in other non-interest expense. Changes in the allowance for credit losses are recorded as provision for, or reversal of, credit loss expense. Losses are charged against the allowance when management believes the uncollectibility of a receivable is confirmed or when either of the criteria regarding intent or requirement to sell is met. Note 2 – Recent Accounting Pronouncements (continued) Allowance for Credit Losses on Loans Receivable The allowance for credit losses on loans is deducted from the amortized cost basis of the loan to present the net amount expected to be collected. Expected losses are evaluated and calculated on a collective, or pooled, basis for those loans which share similar risk characteristics. If the loan does not share risk characteristics with other loans, the Company will evaluate the loan on an individual basis. Individually evaluated loans are primarily non-accrual and collateral dependent loans. Furthermore, the Company evaluates the pooling methodology at least annually to ensure that loans with similar risk characteristics are pooled appropriately. Loans are charged off against the allowance for credit losses when the Company believes the balances to be uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged off or expected to be charged off. The Company has chosen to segment its portfolio consistent with the manner in which it manages credit risk. The Company calculates estimated credit losses for these loan segments using quantitative models and qualitative factors. Further information on loan segmentation and the credit loss estimation is included in Note 7 – Loans Receivable and Allowance for Credit Losses. Individually Evaluated Loans On a case-by-case basis, the Company may conclude that a loan should be evaluated on an individual basis based on its disparate risk characteristics. When the Company determines that a loan no longer shares similar risk characteristics with other loans in the portfolio, the allowance will be determined on an individual basis using the present value of expected cash flows or, for collateral-dependent loans, the fair value of the collateral as of the reporting date, less estimated selling costs, as applicable. If the fair value of the collateral is less than the amortized cost basis of the loan, the Company will charge off the difference between the fair value of the collateral, less costs to sell at the reporting date and the amortized cost basis of the loan. Allowance for Credit Losses on Off-Balance Sheet Commitments The Company is required to include unfunded commitments that are expected to be funded in the future within the allowance calculation, other than those that are unconditionally cancelable. To arrive at that reserve, the reserve percentage for each applicable segment is applied to the unused portion of the expected commitment balance and is multiplied by the expected funding rate. As noted above, the allowance for credit losses on unfunded loan commitments is included in other liabilities on the consolidated statement of financial condition and the related credit expense is recorded in other non-interest expense in the consolidated statements of income. Allowance for Credit Losses on Available-for-Sale Securities For available-for-sale securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more than likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For securities available-for-sale that do not meet the above criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Company considers the extent to which fair value is less than amortized cost and adverse conditions related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of the cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income, net of tax. The Company elected the practical expedient of zero loss estimates for securities issued by U.S. government entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rate by major agencies and have a long history of no credit losses. Accrued Interest Receivable The Company made an accounting policy election to exclude accrued interest receivable from the amortized cost basis of loans and available-for-sale securities. Accrued interest receivable on loans and securities is reported as a component of accrued interest receivable on the consolidated statement of financial condition.

Reclassification

Reclassification	9 Months Ended
	Sep. 30, 2024
Reclassification [Abstract]
Reclassification	Note 3 – Reclassification Certain amounts have been reclassified to conform to the current period’s presentation. These changes had no effect on the Company’s results of operations or financial position.

Equity Incentive Plans

Equity Incentive Plans	9 Months Ended
	Sep. 30, 2024
Equity Incentive Plans [Abstract]
Equity Incentive Plans	Note 4 – Equity Incentive Plans Equity Incentive Plans The Company, under the plan approved by its shareholders on April 27, 2023 (“2023 Equity Incentive Plan”), authorized the issuance of up to 1,000,000 shares of common stock of the Company pursuant to grants of stock options, restricted stock awards, restricted stock units, and performance awards. Employees and directors of the Company and the Bank are eligible to participate in the 2023 Equity Incentive Plan. All stock options are granted in the form of either "incentive" stock options or "non-qualified" stock options. Incentive stock options have certain tax advantages that must comply with the requirements of Section 422 of the Internal Revenue Code. Only employees are permitted to receive incentive stock options. The Company, under the plan approved by its shareholders on April 26, 2018 (“2018 Equity Incentive Plan”), authorized the issuance of up to 1,000,000 shares of common stock of the Company pursuant to grants of stock options and restricted stock units. Employees and directors of the Company and the Bank are eligible to participate in the 2018 Stock Plan. All stock options are granted in the form of either "incentive" stock options or "non-qualified" stock options. Incentive stock options have certain tax advantages that must comply with the requirements of Section 422 of the Internal Revenue Code. Only employees are permitted to receive incentive stock options. The Company, under the plan approved by its shareholders on April 28, 2011 (“2011 Stock Plan”), authorized the issuance of up to 900,000 shares of common stock of the Company pursuant to grants of stock options. Employees and directors of the Company and the Bank are eligible to participate in the 2011 Stock Plan. All stock options were granted in the form of either "incentive" stock options or "non-qualified" stock options. Incentive stock options have certain tax advantages that must comply with the requirements of Section 422 of the Internal Revenue Code. Only employees are permitted to receive incentive stock options. On April 25, 2024, awards of 30,000 and 20,000 shares of restricted stock were declared for an executive officer of the Bank and the Company, which vest over a 2 and 3 -year period, respectively, commencing on the anniversary date of the awards. Note 4 – Equity Incentive Plans (Continued) On June 30, 2023, an award of 25,252 shares of restricted stock was declared for a director and executive officer of the Bank and the Company, which fully vested on the anniversary of the award date. On January 31, 2023, awards of 27,000 shares of restricted stock, in aggregate were declared for members of the Board of Directors of the Bank and the Company, which vest over a 4 -year period, commencing on the anniversary of the award date. On September 30, 2022, awards of 36,000 shares of restricted stock, in aggregate, were declared for certain executive officers of the Bank and the Company, which fully vested on November 30, 2022. On January 12, 2022, awards of 33,000 shares of restricted stock were declared for members of the Board of Directors of the Bank and the Company, which vest over a 4 -year period, commencing on the anniversary of the award date. The following table presents a summary of the status of the Company’s restricted shares as of September 30, 2024 and 2023. Number of Shares Awarded Weighted Average Grant Date Fair Value Non-vested at January 1, 2024 86,752 $ 14.98 Granted 50,000 9.44 Vested ( 50,227 ) 13.85 Forfeited ( 1,725 ) 14.92 Non-vested at September 30, 2024 84,800 $ 12.38 Number of Shares Awarded Weighted Average Grant Date Fair Value Non-vested at January 1, 2023 48,150 $ 14.83 Granted 52,252 15.01 Vested ( 13,650 ) 14.60 Forfeited - - Non-vested at September 30, 2023 86,752 $ 14.98 Restricted stock expense for the nine months ended September 30, 2024 and September 30, 2023 was $ 519,000 and $ 303,000 , respectively. Expected future expenses relating to the non-vested restricted shares outstanding as of September 30, 2024 was approximately $ 747,000 over a weighted average period of 1.93 years . The following table presents a summary of the status of the Company’s outstanding stock option awards as of September 30, 2024. Number of Option Shares Range of Exercise Prices Weighted Average Exercise Price Outstanding at January 1, 2024 975,975 $ 10.55 - 13.68 $ 11.89 Options granted - - - Options exercised - - - Options forfeited - - - Options expired ( 80,000 ) 13.32 13.32 Outstanding at September 30, 2024 895,975 $ 10.55 - 13.68 $ 11.76 As of September 30, 2024, stock options which were granted and were exercisable totaled 795,955 . It is Company policy to issue new shares upon share option exercise. Compensation expense for the nine months ended September 30, 2024 and September 30, 2023 was $ 107,000 and $ 99,000 , respectively. Expected future compensation expense relating to the 100,020 shares of unvested options outstanding as of September 30, 2024 was $ 170,000 over a weighted average period of 2.35 years.

Net Income per Common Share

Net Income per Common Share	9 Months Ended
	Sep. 30, 2024
Net Income per Common Share [Abstract]
Net Income per Common Share	Note 5 – Net Income per Common Share Basic net income per common share is computed by dividing net income less dividends on preferred stock by the weighted average number of shares of common stock outstanding. The diluted net income per common share is computed by adjusting the weighted average number of shares of common stock outstanding to include the effects of outstanding stock options, if dilutive, using the treasury stock method. Dilution is not applicable in periods of net loss. For the three and nine months ended September 30, 2024, 2023 and 2022, the difference in the weighted average number of basic and diluted common shares was due solely to the effects of outstanding stock options. There were 434,000 and 518,000 outstanding options considered to be anti-dilutive for the three months ended September 30, 2024 and 2023, respectively. There were 807,000 and 137,000 outstanding options considered to be anti-dilutive for the nine months ended September 30, 2024 and 2023, respectively. There were no outstanding options considered to be anti-dilutive for the three and nine months ended September 30, 2022. The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations: For the Three Months Ended September 30, 2024 2023 2022 Income Shares Per Share Income Shares Per Share Income Shares Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount (In Thousands, except per share data) Basic earnings per share: Income available to common stockholders $ 6,193 17,039 $ 0.36 $ 6,538 16,830 $ 0.39 $ 13,218 16,982 $ 0.78 Effect of dilutive securities: Stock options - 25 - 24 - 374 Diluted earnings per share: Income available to common stockholders $ 6,193 17,064 $ 0.36 $ 6,538 16,854 $ 0.39 $ 13,218 17,356 $ 0.76 For the Nine Months Ended September 30, 2024 2023 2022 Income Shares Per Share Income Shares Per Share Income Shares Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount (In Thousands, except per share data) Basic earnings per share: Income available to common stockholders $ 13,994 16,991 $ 0.82 $ 22,901 16,868 $ 1.36 $ 32,883 16,986 $ 1.94 Effect of dilutive securities: Stock options - 1 - 83 - 383 Diluted earnings per share: Income available to common stockholders $ 13,994 16,992 $ 0.82 $ 22,901 16,951 $ 1.35 $ 32,883 17,369 $ 1.89

Securities

Securities	9 Months Ended
	Sep. 30, 2024
Securities [Abstract]
Securities	Note 6 - Securities Equity Securities Equity securities are defined to include (a) preferred, common and other ownership interests in entities including partnerships, joint ventures and limited liability companies and (b) rights to acquire or dispose of ownership interest in entities at fixed or determinable prices. The following is a summary of unrealized and realized gains and losses recognized in net income on equity securities during the three and nine months ended September 30, 2024, 2023 and 2022: For the three months ended September 30, For the nine months ended September 30, (In Thousands) 2024 2023 2022 2024 2023 2022 Net gains (losses) recognized during the period on equity securities held at the reporting date $ 1,132 $ ( 436 ) $ ( 559 ) $ 1,040 $ ( 4,157 ) $ ( 5,487 ) Net losses recognized during the period on equity securities sold during the period - ( 58 ) - - ( 233 ) ( 59 ) Realized and unrealized gains (losses) on equity investments during the reporting period $ 1,132 $ ( 494 ) $ ( 559 ) $ 1,040 $ ( 4,390 ) $ ( 5,546 ) Note 6 - Securities (continued) Debt Securities Available for Sale The following tables present by maturity the amortized cost, gross unrealized gains and losses on, and fair value of, securities available for sale as of September 30, 2024 and December 31, 2023: September 30, 2024 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (In Thousands) Residential Mortgage-backed securities: More than one to five years $ 481 $ - $ 10 $ 471 More than five to ten years 3,451 - 146 3,305 More than ten years 41,648 246 2,265 39,629 Sub-total: 45,580 246 2,421 43,405 Corporate Debt securities: More than one to five years 8,984 - 388 8,596 More than five to ten years 50,581 40 4,453 46,168 Sub-total: 59,565 40 4,841 54,764 Total securities $ 105,145 $ 286 $ 7,262 $ 98,169 December 31, 2023 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (In Thousands) Residential Mortgage-backed securities: More than one to five years $ 605 $ - $ 24 $ 581 More than five to ten years 4,147 - 230 3,917 More than ten years 32,833 192 2,910 30,115 Sub-total: 37,585 192 3,164 34,613 Corporate Debt securities: More than one to five years 8,981 - 197 8,784 More than five to ten years 50,583 - 6,211 44,372 Sub-total: 59,564 - 6,408 53,156 Total securities $ 97,149 $ 192 $ 9,572 $ 87,769 Note 6 - Securities (continued) The unrealized losses, categorized by the length of time of continuous loss position, and fair value of related securities available for sale were as follows: 12 Months or Less More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In Thousands) September 30 2024 Residential mortgage-backed securities $ - $ - $ 26,375 $ 2,421 $ 26,375 $ 2,421 Corporate Debt securities - - 50,420 4,841 50,420 4,841 $ - $ - $ 76,795 $ 7,262 $ 76,795 $ 7,262 December 31, 2023 Residential mortgage-backed securities $ 5,316 $ 98 $ 22,153 $ 3,066 $ 27,469 $ 3,164 Corporate Debt securities - - 51,856 6,408 51,856 6,408 $ 5,316 $ 98 $ 74,009 $ 9,474 $ 79,325 $ 9,572

Loans Receivable and Allowance

Loans Receivable and Allowance for Credit Losses	9 Months Ended
	Sep. 30, 2024
Loans Receivable and Allowance for Credit Losses [Abstract]
Loans Receivable and Allowance for Credit Losses	90 Days 30-59 Days 60-90 Days 90 Days Total Past Total Loans Past Due Past Due Past Due Past Due Due Current Receivable and Accruing (In Thousands) Residential one-to-four family $ 4,972 $ 391 $ 312 $ 5,675 $ 235,375 $ 241,050 $ - Commercial and multi-family 10,905 308 29,391 40,604 2,256,282 2,296,886 5,520 Construction - - 586 586 145,885 146,471 313 Commercial business 5,512 155 2,946 8,613 263,794 272,407 Business express 9,776 3,750 387 13,913 85,044 98,957 387 Home equity (1) 2,285 41 81 2,407 65,159 67,566 - Consumer - - 2 2 2,307 2,309 - Total $ 33,450 $ 4,645 $ 33,705 $ 71,800 $ 3,053,847 $ 3,125,647 $ 6,220 (1) Includes home equity lines of credit. The following table sets forth the delinquency status of total loans receivable at December 31, 2023: Loans Receivable Greater Than >90 Days 30-59 Days 60-90 Days 90 Days Total Past Total Loans Past Due Past Due Past Due Past Due Due Current Receivable and Accruing (In Thousands) Residential one-to-four family $ 4,701 $ - $ 270 $ 4,971 $ 243,324 $ 248,295 $ - Commercial and multi-family 1,853 7,876 6,842 16,571 2,417,544 2,434,115 - Construction 3,641 - 586 4,227 188,589 192,816 - Commercial business 2,314 362 1,081 3,757 265,517 269,274 - Business Express 1,922 249 50 2,221 100,707 102,928 Home equity (1) 907 - - 907 65,424 66,331 - Consumer - - - - 3,643 3,643 - Total $ 15,338 $ 8,487 $ 8,829 $ 32,654 $ 3,284,748 $ 3,317,402 $ - (1) Includes home equity lines of credit. Note 7 - Loans Receivable and Allowance for Credit Losses (Continued) Modifications The Company adopted ASU 2022-02, Financial Instruments - Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures (“ASU 2022-02”) effective January 1, 2023. The amendments in ASU 2022-02 eliminated the recognition and measurement of troubled debt restructurings and enhanced disclosures for loan modifications to borrowers experiencing financial difficulty. The following table shows the amortized cost basis of loans modified to borrowers experiencing financial difficulty, disaggregated by loan category and type of concession granted for the three and nine months ended September 30, 2024. For the three Months Ended September 30, 2024 (In Thousands) Number Payment Delay Term Extension Total Principal % of Total Class of Financing Receivable Business Express 114 $ - $ 25,688 $ 25,688 25.96 % For the Nine Months Ended September 30, 2024 (In Thousands) Number Payment Delay Term Extension Total Principal % of Total Class of Financing Receivable Residential one-to-four family 1 $ 174 $ - $ 174 0.07 % Business Express 194 - 43,027 43,027 43.48 195 $ 174 $ 43,027 $ 43,201 1.38 % The following table presents loan modifications made during 2024 by payment status as of September 30, 2024. For the Nine Months Ended September 30, 2024 (In Thousands) Current 30-59 Days Past Due 60-90 Days Past Due Non-accrual Total Residential one-to-four family $ 174 $ - $ - $ - $ 174 Business Express 42,581 249 - 197 43,027 $ 42,755 $ 249 $ - $ 197 $ 43,201 The Company monitors the performance of loans modified to borrowers experiencing financial difficulty to understand the effectiveness of the modification efforts. The Company did not have any loans that were both experiencing financial difficulty and modified during the nine months ended September 30, 2023. Note 7 - Loans Receivable and Allowance for Credit Losses (Continued) The tables below set forth the amounts and types of non-accrual loans in the Bank’s loan portfolio at September 30, 2024 and December 31, 2023, respectively. Loans are placed on non-accrual status when they become more than 90 days delinquent, or when the collection of principal and/or interest become doubtful. As of September 30, 2024 and December 31, 2023, non-accrual loans differed from the amount of total loans past due 90 days due to loans that were previously 90 days past due both of which are maintained on non-accrual status for a minimum of six months until the borrower has demonstrated their ability to satisfy the terms of the loan. As of September 30, 2024 (in Thousands) Non-accrual loans with an Allowance for Credit Losses Non-accrual loans without an Allowance for Credit Losses Total Non-accrual loans Amortized Cost of Loans Past due 90 days and Still Accruing Residential one-to-four family $ 174 $ 236 $ 410 $ - Commercial and multi-family 5,853 21,840 27,693 5,520 Construction - 586 586 313 Commercial business 5,766 535 6,301 - Business express loans - 197 197 387 Home equity (1) 42 81 123 - Consumer 20 - 20 - Total $ 11,855 $ 23,475 $ 35,330 $ 6,220 (1) Includes home equity lines of credit. As of December 31, 2023 (in Thousands) Non-accrual loans with an Allowance for Credit Losses Non-accrual loans without an Allowance for Credit Losses Total Non-accrual loans Amortized Cost of Loans Past due 90 days and Still Accruing Residential one-to-four family $ - $ 270 $ 270 $ - Commercial and multi-family 2,029 6,655 8,684 - Construction 2,312 1,980 4,292 - Commercial business 2,050 2,892 4,942 - Business express loans 549 - 549 - Home equity (1) - 46 46 - Total $ 6,940 $ 11,843 $ 18,783 $ - (1) Includes home equity lines of credit. Had non-accrual loans been performing in accordance with their original terms, the interest income recognized for the nine months ended September 30, 2024 and the twelve months ended December 31, 2023 would have been approximately $ 5.0 million and $ 1.9 million, respectively. Interest income recognized on loans returned to accrual was approximately $ 1.1 million and $ 314,000 , respectively. The Bank has not committed to lend additional funds to the borrowers whose loans have been placed on non-accrual status. At September 30, 2024, there were $ 6.2 million loans more than ninety days past due and still accruing interest. At December 31, 2023 there were no loans more than ninety days past due and still accruing interest. Note 7 - Loans Receivable and Allowance for Credit Losses (Continued) Criticized and Classified Assets Company policies provide for a classification system for problem assets. Under this classification system, problem assets are classified as “substandard,” “doubtful,” or “loss.” The Company’s internal credit risk grades are based on the definitions currently utilized by the banking regulatory agencies. The grades assigned and definitions are as follows, and loans graded excellent, above average, good and watch list (risk ratings 1-5) are treated as “pass” for grading purposes. The “criticized” risk rating (6) and the “classified” risk ratings (7-9) are detailed below: 6 – Special Mention- Loans currently performing but with potential weaknesses including adverse trends in borrower’s operations, credit quality, financial strength, or possible collateral deficiency. 7 – Substandard - Loans that are inadequately protected by current sound worth, paying capacity, and collateral support. Loans on “non-accrual” status. The loan needs special and corrective attention. 8 – Doubtful - Weaknesses in credit quality and collateral support make full collection improbable, but pending reasonable factors remain sufficient to defer the loss status. 9 – Loss - Continuance as a bankable asset is not warranted. However, this does not preclude future attempts at partial recovery. Note 7 - Loans Receivable and Allowance for Credit Losses (Continued) The following table summarizes the Company's loans by year of origination and internally assigned credit risk rating at September 30, 2024 and gross charge-offs for the nine months ended September 30, 2024. Loans by Year of Origination at September 30, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Loans to Term Loans Total Residential one-to-four family Pass $ 4,537 $ 16,672 $ 48,458 $ 38,274 $ 30,808 $ 97,836 $ - $ - $ 236,585 Special Mention - - 3,573 - - 483 - - 4,056 Substandard - - - 174 - 235 - - 409 Total one-to-four family $ 4,537 $ 16,672 $ 52,031 $ 38,448 $ 30,808 $ 98,554 $ - $ - $ 241,050 Commercial and multi-family Pass $ 4,796 $ 213,898 $ 729,222 $ 184,014 $ 170,664 $ 745,511 $ 3,700 $ - $ 2,051,805 Special Mention - 9,800 63,684 29,972 9,888 47,068 140 - 160,552 Substandard - - 15,631 7,418 9,134 52,346 - - 84,529 Total Commercial and multi-family $ 4,796 $ 223,698 $ 808,537 $ 221,404 $ 189,686 $ 844,925 $ 3,840 $ - $ 2,296,886 Construction Pass $ 4 $ 36,722 $ 36,031 $ 25,143 $ - $ - $ 5,710 $ - $ 103,610 Special Mention - 834 1,716 31,304 6,571 1,850 - - 42,275 Substandard - - - - 586 - - - 586 Total Construction $ 4 $ 37,556 $ 37,747 $ 56,447 $ 7,157 $ 1,850 $ 5,710 $ - $ 146,471 Commercial business Pass $ - $ 2,487 274 830 $ 4,357 $ 30,151 $ 196,086 $ 741 $ 234,926 Special Mention - - - 1,879 - 6,702 19,479 424 28,484 Substandard - - - - - 4,507 3,494 - 8,001 Loss - - - - - - 997 - 997 Total Commercial business $ - $ 2,487 $ 274 $ 2,709 $ 4,357 $ 41,360 $ 220,056 $ 1,165 $ 272,408 Business express Pass $ - $ - $ - $ - $ - $ - $ 50,282 $ 40,617 $ 90,899 Special Mention - - - - - - 3,595 1,166 4,761 Substandard - - - - - - 1,517 1,780 3,297 Total Business express $ - $ - $ - $ - $ - $ - $ 55,394 $ 43,563 $ 98,957 Home equity Pass $ 304 $ 3,828 $ 1,411 $ 515 $ 644 $ 6,050 $ 53,806 $ 673 $ 67,231 Special Mention - - - - - - - - - Substandard - - 42 - 81 - - 212 335 Total Home equity $ 304 $ 3,828 $ 1,453 $ 515 $ 725 $ 6,050 $ 53,806 $ 885 $ 67,566 Consumer Pass $ 607 $ 1,148 $ 410 $ 14 $ 98 $ 6 $ 6 $ - $ 2,289 Special Mention - - - - - - - - - Substandard - 20 - - - - - - 20 Total Consumer $ 607 $ 1,168 $ 410 $ 14 $ 98 $ 6 $ 6 $ - $ 2,309 Total Loans $ 10,248 $ 285,409 $ 900,452 $ 319,537 $ 232,831 $ 992,745 $ 338,812 $ 45,613 $ 3,125,647 Gross charge-offs $ 446 $ - $ - $ - $ - $ 567 $ 5,206 $ 181 $ 6,400 Note 7 - Loans Receivable and Allowance for Credit Losses (Continued) The following table summarizes the Company's loans by year of origination and internally assigned credit risk rating and gross charge-offs for the year ended December 31, 2023. Loans by Year of Origination at December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans to Term Loans Total Residential one-to-four family Pass $ 17,080 $ 53,623 $ 38,178 $ 31,420 $ 12,067 $ 93,764 $ - $ - $ 246,132 Special Mention - 492 91 - - - - - 583 Substandard - - 1,310 - - 270 - - 1,580 Total one-to-four family $ 17,080 $ 54,115 $ 39,579 $ 31,420 $ 12,067 $ 94,034 $ - $ - $ 248,295 Commercial and multi-family Pass $ 222,435 $ 778,076 $ 224,823 $ 214,768 $ 50,755 $ 824,375 $ 1,922 $ - $ 2,317,154 Special Mention 9,908 34,375 - - 529 4,453 140 - 49,405 Substandard - 14,931 4,023 3,575 - 45,027 - - 67,556 Total Commercial and multi-family $ 232,343 $ 827,382 $ 228,846 $ 218,343 $ 51,284 $ 873,855 $ 2,062 $ - $ 2,434,115 Construction Pass $ 21,730 $ 74,180 $ 59,564 $ 21,462 $ - $ 5,878 $ 5,710 $ - $ 188,524 Special Mention - - - - - - - - - Substandard - 1,394 - 586 - 2,312 - - 4,292 Total Construction $ 21,730 $ 75,574 $ 59,564 $ 22,048 $ - $ 8,190 $ 5,710 $ - $ 192,816 Commercial business Pass $ 3,179 $ 297 $ 2,967 $ 4,234 $ 7,080 $ 33,675 $ 201,008 $ 150 $ 252,590 Special Mention - - - - 317 830 4,410 - 5,557 Substandard - - - - - 4,703 6,424 - 11,127 Total Commercial business $ 3,179 $ 297 $ 2,967 $ 4,234 $ 7,397 $ 39,208 $ 211,842 $ 150 $ 269,274 Business express Pass $ - $ - $ - $ - $ - $ - $ 101,531 $ - $ 101,531 Special Mention - - - - - - 600 - 600 Substandard - - - - - - 797 - 797 Total Business express $ - $ - $ - $ - $ - $ - $ 102,928 $ - $ 102,928 Home equity Pass $ 5,022 $ 1,487 $ 553 $ 769 $ 1,280 $ 6,181 $ 50,111 $ 553 $ 65,956 Special Mention - - - - - - - - - Substandard - 46 - - - - 117 212 375 Total Home equity $ 5,022 $ 1,533 $ 553 $ 769 $ 1,280 $ 6,181 $ 50,228 $ 765 $ 66,331 Consumer Pass $ 1,497 $ 471 $ 1,521 $ 109 $ 39 $ - $ 6 $ - $ 3,643 Special Mention - - - - - - - - - Substandard - - - - - - - - - Total Consumer $ 1,497 $ 471 $ 1,521 $ 109 $ 39 $ - $ 6 $ - $ 3,643 Total Loans $ 280,851 $ 959,372 $ 333,030 $ 276,923 $ 72,067 $ 1,021,468 $ 372,776 $ 915 $ 3,317,402 Gross charge-offs $ - $ - $ - $ - $ - $ - $ 805 $ - $ 805 " id="sjs-B4" xml:space="preserve">Note 7 - Loans Receivable and Allowance for Credit Losses The following tables present the recorded investment in loans receivable as of September 30, 2024 and December 31, 2023 by segment and class: September 30, 2024 December 31, 2023 (In Thousands) Residential one-to-four family $ 241,050 $ 248,295 Commercial and multi-family 2,296,886 2,434,115 Construction 146,471 192,816 Commercial business 272,408 269,274 Business express 98,957 102,928 Home equity (1) 67,566 66,331 Consumer 2,309 3,643 3,125,647 3,317,402 Less: Deferred loan fees, net ( 3,040 ) ( 4,086 ) Allowance for credit losses ( 34,693 ) ( 33,608 ) Total Loans, net $ 3,087,914 $ 3,279,708 (1) Includes home equity lines of credit. Note 7 – Loans Receivable and Allowance for Credit Losses (Continued) Allowance for Credit Losses The Company engages a third-party vendor to assist in the CECL calculation and has established a robust internal governance framework to oversee the quarterly estimation process for the allowance for credit losses (“ACL”). The ACL calculation methodology relies on regression-based discounted cash flow (“DCF”) models that correlate relationships between certain financial metrics and external market and macroeconomic variables. Following are some of the key factors and assumptions that are used in the Company’s CECL calculations:  methods based on probability of default and loss given default which are modeled based on macroeconomic scenarios;  a reasonable and supportable forecast period determined based on management’s current review of macroeconomic environment;  a reversion period after the reasonable and supportable forecast period;  estimated prepayment rates based on the Company’s historical experience and future macroeconomic environment;  estimated credit utilization rates based on the Company’s historical experience and future macroeconomic environment; and  incorporation of qualitative factors not captured within the modeled results. The qualitative factors include but are not limited to changes in lending policies, business conditions, changes in the nature and size of the portfolio, portfolio concentrations, and external factors such as competition. Allowance for credit losses are aggregated for the major loan segments, with similar risk characteristics, summarized below. However, for the purposes of calculating the reserves, these segments may be further broken down into loan classes by risk characteristics that include but are not limited to regulatory call codes, industry type, geographic location, and collateral type. Residential one-to-four family real estate loans involve certain risks such as interest rate risk and risk of non-repayment. Adjustable-rate residential real estate loans decrease the interest rate risk to the Bank that is associated with changes in interest rates but involve other risks, primarily because as interest rates rise, the payment by the borrower rises to the extent permitted by the terms of the loan, thereby increasing the potential for default. At the same time, the marketability of the underlying properties may be adversely affected by higher interest rates. Repayment risk may be affected by a number of factors including, but not necessarily limited to, job loss, divorce, illness and personal bankruptcy of the borrower. Commercial and multi-family real estate lending entails additional risks as compared with residential family property lending. Such loans typically involve large loan balances to single borrowers or groups of related borrowers. The payment experience on such loans is typically dependent on the successful operation of the real estate project. The success of such projects is sensitive to changes in supply and demand conditions in the market for commercial real estate as well as general economic conditions. Construction lending is generally considered to involve a high risk due to the concentration of principal in a limited number of loans and borrowers and the effects of the general economic conditions on developers and builders. Moreover, a construction loan can involve additional risks because of the inherent difficulty in estimating both a property’s value at completion of the project and the estimated cost (including interest) of the project. The nature of these loans is such that they are generally difficult to evaluate and monitor. In addition, speculative construction loans to a builder are not necessarily pre-sold and thus pose a greater potential risk to the Bank than construction loans to individuals on their personal residence. Commercial business lending, including lines of credit, is generally considered higher risk due to the concentration of principal in a limited number of loans and borrowers and the effects of general economic conditions on the business. Commercial business loans are primarily secured by inventories and other business assets. In many cases, any repossessed collateral for a defaulted commercial business loan will not provide an adequate source of repayment of the outstanding loan balance. The Bank has further segregated its commercial business portfolio into commercial business express loans that carry higher risk relative to other commercial business loans. The Bank had originated commercial business express loans to support small business owners coming out of the COVID crisis. The portfolio consists of a large number of loans with majority of the loans carrying a balance of $ 250,000 or lower. Home equity lending entails certain risks such as interest rate risk and risk of non-repayment. The marketability of the underlying property may be adversely affected by higher interest rates, decreasing the collateral value securing the loan. Repayment risk can be affected by job loss, divorce, illness and personal bankruptcy of the borrower. Home equity line of credit lending entails securing an equity interest in the borrower’s home. In many cases, the Bank’s position in these loans is as a junior lien holder to another institution’s superior lien. This type of lending is often priced on an adjustable rate basis with the rate set at or above a predefined index. Adjustable-rate loans decrease the interest rate risk to the Bank that is associated with changes in interest rates but involve other risks, primarily because as interest rates rise, the payment by the borrower rises to the extent permitted by the terms of the loan, thereby increasing the potential for default. Other consumer loans generally have more credit risk because of the type and nature of the collateral and, in certain cases, the absence of collateral. Consumer loans generally have shorter terms and higher interest rates than other lending. In addition, consumer lending collections are dependent on the borrower’s continuing financial stability, and thus are more likely to be adversely affected by job loss, divorce, illness and personal bankruptcy. In many cases, any repossessed collateral for a defaulted consumer loan will not provide an adequate source of repayment of the outstanding loan. Note 7 - Loans Receivable and Allowance for Credit Losses (Continued) The following table sets forth the activity in the Company’s allowance for credit losses for the three and nine months ended September 30, 2024, and the related portion of the allowance for credit losses that is allocated to each loan class, as of September 30, 2024 (in thousands): Residential Commercial & Multi-family Construction Commercial Business Business Express Home Equity (1) Consumer Total Allowance for credit losses: Beginning Balance, July 1, 2024 $ 2,039 $ 14,907 $ 2,872 $ 8,323 $ 6,444 $ 635 $ 23 $ 35,243 Charge-offs: - - - - ( 3,471 ) - - ( 3,471 ) Recoveries: 8 - - 22 1 - - 31 Provision (benefit): 30 ( 1,371 ) ( 496 ) 531 4,168 10 18 2,890 Ending Balance, September 30, 2024 2,077 13,536 2,376 8,876 7,142 645 41 34,693 Ending Balance attributable to loans: Individually evaluated - 971 - 2,025 3,052 - 20 6,068 Collectively evaluated 2,077 12,565 2,376 6,851 4,090 645 21 28,625 Ending Balance, September 30, 2024 2,077 13,536 2,376 8,876 7,142 645 41 34,693 Loans Receivables: Individually evaluated 235 56,869 586 4,993 3,052 293 20 66,048 Collectively evaluated 240,815 2,240,017 145,885 267,415 95,905 67,273 2,289 3,059,599 Total Gross Loans: $ 241,050 $ 2,296,886 $ 146,471 $ 272,408 $ 98,957 $ 67,566 $ 2,309 $ 3,125,647 (1) Includes home equity lines of credit. Residential Commercial & Multi-family Construction Commercial Business Business Express Home Equity (1) Consumer Total Allowance for credit losses: Beginning Balance, January 1, 2024 $ 2,344 $ 16,301 $ 3,841 $ 5,811 $ 4,542 $ 691 $ 78 $ 33,608 Charge-offs: - - - ( 567 ) ( 5,387 ) - ( 446 ) ( 6,400 ) Recoveries: 33 - - 27 9 - - 69 Provision (benefit): ( 300 ) ( 2,765 ) ( 1,465 ) 3,605 7,978 ( 46 ) 409 7,416 Ending Balance, September 30, 2024 $ 2,077 $ 13,536 $ 2,376 $ 8,876 $ 7,142 $ 645 $ 41 $ 34,693 (1) Includes home equity lines of credit. Note 7 - Loans Receivable and Allowance for Credit Losses (Continued) The following table sets forth the activity in the Company’s allowance for credit losses for the three and nine months ended September 30, 2023, and the related portion of the allowance for credit losses that is allocated to each loan class, as of September 30, 2023 (in thousands): Residential Commercial & Multi-family Construction Commercial Business Business Express Home Equity (1) Consumer Total Allowance for credit losses: Beginning Balance, July 1, 2023 $ 2,453 $ 15,045 $ 4,090 $ 5,379 $ 2,485 $ 722 $ 31 $ 30,205 Charge-offs: - - - - ( 515 ) - - ( 515 ) Recoveries: 14 - - 5 - - - 19 Provision (benefit): ( 23 ) ( 595 ) 573 2,782 ( 485 ) ( 54 ) 7 2,205 Ending Balance, September 30, 2023 2,444 14,450 4,663 8,166 1,485 668 38 31,914 Ending Balance attributable to loans: Individually evaluated - - 608 1,914 250 - - 2,772 Collectively evaluated 2,444 14,450 4,055 6,252 1,235 668 38 29,142 Ending Balance, September 30, 2023 2,444 14,450 4,663 8,166 1,485 668 38 31,914 Loans Receivables: Individually evaluated 355 23,843 4,931 6,277 250 212 - 35,868 Collectively evaluated 251,490 2,421,044 180,271 262,977 101,008 65,834 3,647 3,286,271 Total Gross Loans: $ 251,845 $ 2,444,887 $ 185,202 $ 269,254 $ 101,258 $ 66,046 $ 3,647 $ 3,322,139 (1) Includes home equity lines of credit. Residential Commercial & Multi-family Construction Commercial Business Business Express Home Equity (1) Consumer Unallocated Total Allowance for credit losses: Ending Balance December 31, 2022 2,474 21,749 2,094 4,495 872 485 24 180 32,373 Effect of adopting ASU No. 2016-13 ("CECL") 144 ( 7,123 ) 1,387 1,734 ( 316 ) 182 7 ( 180 ) ( 4,165 ) Beginning Balance, January 1, 2023 $ 2,618 $ 14,626 $ 3,481 $ 6,229 $ 556 $ 667 $ 31 $ - $ 28,208 Charge-offs: - - - ( 1 ) ( 554 ) - - - ( 555 ) Recoveries: 38 - - 30 - 16 - - 84 Provision (benefit): ( 212 ) ( 176 ) 1,182 1,908 1,483 ( 15 ) 7 - 4,177 Ending Balance, September 30, 2023 $ 2,444 $ 14,450 $ 4,663 $ 8,166 $ 1,485 $ 668 $ 38 $ - $ 31,914 (1) Includes home equity lines of credit. The following table sets forth the activity in the allowance for credit losses and amount recorded in loans receivable at and for the year ended December 31, 2023. The table also details the amount of total loans receivable that are evaluated individually and collectively, and the related portion of the allowance for credit losses that is allocated to each loan class (in thousands): Residential Commercial & Multi-family Construction Commercial Business Business Express Home Equity (1) Consumer Unallocated Total Allowance for credit losses: Ending Balance, December 31, 2022 $ 2,474 $ 21,749 $ 2,094 $ 4,495 $ 872 $ 485 $ 24 $ 180 $ 32,373 Effect of adopting ASU No. 2016-13 ("CECL") 144 ( 7,123 ) 1,387 1,734 ( 316 ) 182 7 ( 180 ) ( 4,165 ) Beginning Balance, January 1, 2023 $ 2,618 $ 14,626 $ 3,481 $ 6,229 $ 556 $ 667 $ 31 $ - $ 28,208 Charge-offs: - - - - ( 805 ) - - - ( 805 ) Recoveries: 45 - - 29 11 16 - - 101 Provision (benefit): ( 319 ) 1,675 360 ( 447 ) 4,780 8 47 - 6,104 Ending Balance, December 31, 2023 $ 2,344 $ 16,301 $ 3,841 $ 5,811 $ 4,542 $ 691 $ 78 $ - $ 33,608 Ending Balance attributable to loans: Individually evaluated $ - $ 990 $ 310 $ 2,132 $ 797 $ - $ - $ - $ 4,229 Collectively evaluated 2,344 15,311 3,531 3,679 3,745 691 78 - 29,379 Ending Balance, December 31, 2023 $ 2,344 $ 16,301 $ 3,841 $ 5,811 $ 4,542 $ 691 $ 78 $ - $ 33,608 Loans Receivables: Individually evaluated $ 444 $ 42,259 $ 4,292 $ 6,015 $ 797 $ 212 $ - $ - $ 54,019 Collectively evaluated 247,851 2,391,856 188,524 263,259 102,131 66,119 3,643 - 3,263,383 Total Gross Loans $ 248,295 $ 2,434,115 $ 192,816 $ 269,274 $ 102,928 $ 66,331 $ 3,643 $ - $ 3,317,402 (1) Includes home equity lines of credit. Note 7 - Loans Receivable and Allowance for Credit Losses (Continued) The following tables present the activity in the allowance for credit losses on off-balance sheet exposures for the three and nine months ended September 30, 2024 and 2023 (in thousands): Three Months Ended September 30, 2024 Nine Months Ended September 30, 2024 Allowance for Credit Losses: Beginning Balance $ 759 $ 694 Benefit for credit losses ( 288 ) ( 223 ) Balance at September 30, 2024 $ 471 $ 471 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Allowance for Credit Losses: Beginning Balance $ 254 $ - Impact of adopting ASU No. 2016-13 ("CECL") effective January 1, 2023 - 1,266 Provision (benefit) for credit losses 148 ( 864 ) Balance at September 30, 2023 $ 402 $ 402 The following table sets forth the delinquency status of total loans receivable as of September 30, 2024: Loans Receivable Greater Than >90 Days 30-59 Days 60-90 Days 90 Days Total Past Total Loans Past Due Past Due Past Due Past Due Due Current Receivable and Accruing (In Thousands) Residential one-to-four family $ 4,972 $ 391 $ 312 $ 5,675 $ 235,375 $ 241,050 $ - Commercial and multi-family 10,905 308 29,391 40,604 2,256,282 2,296,886 5,520 Construction - - 586 586 145,885 146,471 313 Commercial business 5,512 155 2,946 8,613 263,794 272,407 Business express 9,776 3,750 387 13,913 85,044 98,957 387 Home equity (1) 2,285 41 81 2,407 65,159 67,566 - Consumer - - 2 2 2,307 2,309 - Total $ 33,450 $ 4,645 $ 33,705 $ 71,800 $ 3,053,847 $ 3,125,647 $ 6,220 (1) Includes home equity lines of credit. The following table sets forth the delinquency status of total loans receivable at December 31, 2023: Loans Receivable Greater Than >90 Days 30-59 Days 60-90 Days 90 Days Total Past Total Loans Past Due Past Due Past Due Past Due Due Current Receivable and Accruing (In Thousands) Residential one-to-four family $ 4,701 $ - $ 270 $ 4,971 $ 243,324 $ 248,295 $ - Commercial and multi-family 1,853 7,876 6,842 16,571 2,417,544 2,434,115 - Construction 3,641 - 586 4,227 188,589 192,816 - Commercial business 2,314 362 1,081 3,757 265,517 269,274 - Business Express 1,922 249 50 2,221 100,707 102,928 Home equity (1) 907 - - 907 65,424 66,331 - Consumer - - - - 3,643 3,643 - Total $ 15,338 $ 8,487 $ 8,829 $ 32,654 $ 3,284,748 $ 3,317,402 $ - (1) Includes home equity lines of credit. Note 7 - Loans Receivable and Allowance for Credit Losses (Continued) Modifications The Company adopted ASU 2022-02, Financial Instruments - Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures (“ASU 2022-02”) effective January 1, 2023. The amendments in ASU 2022-02 eliminated the recognition and measurement of troubled debt restructurings and enhanced disclosures for loan modifications to borrowers experiencing financial difficulty. The following table shows the amortized cost basis of loans modified to borrowers experiencing financial difficulty, disaggregated by loan category and type of concession granted for the three and nine months ended September 30, 2024. For the three Months Ended September 30, 2024 (In Thousands) Number Payment Delay Term Extension Total Principal % of Total Class of Financing Receivable Business Express 114 $ - $ 25,688 $ 25,688 25.96 % For the Nine Months Ended September 30, 2024 (In Thousands) Number Payment Delay Term Extension Total Principal % of Total Class of Financing Receivable Residential one-to-four family 1 $ 174 $ - $ 174 0.07 % Business Express 194 - 43,027 43,027 43.48 195 $ 174 $ 43,027 $ 43,201 1.38 % The following table presents loan modifications made during 2024 by payment status as of September 30, 2024. For the Nine Months Ended September 30, 2024 (In Thousands) Current 30-59 Days Past Due 60-90 Days Past Due Non-accrual Total Residential one-to-four family $ 174 $ - $ - $ - $ 174 Business Express 42,581 249 - 197 43,027 $ 42,755 $ 249 $ - $ 197 $ 43,201 The Company monitors the performance of loans modified to borrowers experiencing financial difficulty to understand the effectiveness of the modification efforts. The Company did not have any loans that were both experiencing financial difficulty and modified during the nine months ended September 30, 2023. Note 7 - Loans Receivable and Allowance for Credit Losses (Continued) The tables below set forth the amounts and types of non-accrual loans in the Bank’s loan portfolio at September 30, 2024 and December 31, 2023, respectively. Loans are placed on non-accrual status when they become more than 90 days delinquent, or when the collection of principal and/or interest become doubtful. As of September 30, 2024 and December 31, 2023, non-accrual loans differed from the amount of total loans past due 90 days due to loans that were previously 90 days past due both of which are maintained on non-accrual status for a minimum of six months until the borrower has demonstrated their ability to satisfy the terms of the loan. As of September 30, 2024 (in Thousands) Non-accrual loans with an Allowance for Credit Losses Non-accrual loans without an Allowance for Credit Losses Total Non-accrual loans Amortized Cost of Loans Past due 90 days and Still Accruing Residential one-to-four family $ 174 $ 236 $ 410 $ - Commercial and multi-family 5,853 21,840 27,693 5,520 Construction - 586 586 313 Commercial business 5,766 535 6,301 - Business express loans - 197 197 387 Home equity (1) 42 81 123 - Consumer 20 - 20 - Total $ 11,855 $ 23,475 $ 35,330 $ 6,220 (1) Includes home equity lines of credit. As of December 31, 2023 (in Thousands) Non-accrual loans with an Allowance for Credit Losses Non-accrual loans without an Allowance for Credit Losses Total Non-accrual loans Amortized Cost of Loans Past due 90 days and Still Accruing Residential one-to-four family $ - $ 270 $ 270 $ - Commercial and multi-family 2,029 6,655 8,684 - Construction 2,312 1,980 4,292 - Commercial business 2,050 2,892 4,942 - Business express loans 549 - 549 - Home equity (1) - 46 46 - Total $ 6,940 $ 11,843 $ 18,783 $ - (1) Includes home equity lines of credit. Had non-accrual loans been performing in accordance with their original terms, the interest income recognized for the nine months ended September 30, 2024 and the twelve months ended December 31, 2023 would have been approximately $ 5.0 million and $ 1.9 million, respectively. Interest income recognized on loans returned to accrual was approximately $ 1.1 million and $ 314,000 , respectively. The Bank has not committed to lend additional funds to the borrowers whose loans have been placed on non-accrual status. At September 30, 2024, there were $ 6.2 million loans more than ninety days past due and still accruing interest. At December 31, 2023 there were no loans more than ninety days past due and still accruing interest. Note 7 - Loans Receivable and Allowance for Credit Losses (Continued) Criticized and Classified Assets Company policies provide for a classification system for problem assets. Under this classification system, problem assets are classified as “substandard,” “doubtful,” or “loss.” The Company’s internal credit risk grades are based on the definitions currently utilized by the banking regulatory agencies. The grades assigned and definitions are as follows, and loans graded excellent, above average, good and watch list (risk ratings 1-5) are treated as “pass” for grading purposes. The “criticized” risk rating (6) and the “classified” risk ratings (7-9) are detailed below: 6 – Special Mention- Loans currently performing but with potential weaknesses including adverse trends in borrower’s operations, credit quality, financial strength, or possible collateral deficiency. 7 – Substandard - Loans that are inadequately protected by current sound worth, paying capacity, and collateral support. Loans on “non-accrual” status. The loan needs special and corrective attention. 8 – Doubtful - Weaknesses in credit quality and collateral support make full collection improbable, but pending reasonable factors remain sufficient to defer the loss status. 9 – Loss - Continuance as a bankable asset is not warranted. However, this does not preclude future attempts at partial recovery. Note 7 - Loans Receivable and Allowance for Credit Losses (Continued) The following table summarizes the Company's loans by year of origination and internally assigned credit risk rating at September 30, 2024 and gross charge-offs for the nine months ended September 30, 2024. Loans by Year of Origination at September 30, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Loans to Term Loans Total Residential one-to-four family Pass $ 4,537 $ 16,672 $ 48,458 $ 38,274 $ 30,808 $ 97,836 $ - $ - $ 236,585 Special Mention - - 3,573 - - 483 - - 4,056 Substandard - - - 174 - 235 - - 409 Total one-to-four family $ 4,537 $ 16,672 $ 52,031 $ 38,448 $ 30,808 $ 98,554 $ - $ - $ 241,050 Commercial and multi-family Pass $ 4,796 $ 213,898 $ 729,222 $ 184,014 $ 170,664 $ 745,511 $ 3,700 $ - $ 2,051,805 Special Mention - 9,800 63,684 29,972 9,888 47,068 140 - 160,552 Substandard - - 15,631 7,418 9,134 52,346 - - 84,529 Total Commercial and multi-family $ 4,796 $ 223,698 $ 808,537 $ 221,404 $ 189,686 $ 844,925 $ 3,840 $ - $ 2,296,886 Construction Pass $ 4 $ 36,722 $ 36,031 $ 25,143 $ - $ - $ 5,710 $ - $ 103,610 Special Mention - 834 1,716 31,304 6,571 1,850 - - 42,275 Substandard - - - - 586 - - - 586 Total Construction $ 4 $ 37,556 $ 37,747 $ 56,447 $ 7,157 $ 1,850 $ 5,710 $ - $ 146,471 Commercial business Pass $ - $ 2,487 274 830 $ 4,357 $ 30,151 $ 196,086 $ 741 $ 234,926 Special Mention - - - 1,879 - 6,702 19,479 424 28,484 Substandard - - - - - 4,507 3,494 - 8,001 Loss - - - - - - 997 - 997 Total Commercial business $ - $ 2,487 $ 274 $ 2,709 $ 4,357 $ 41,360 $ 220,056 $ 1,165 $ 272,408 Business express Pass $ - $ - $ - $ - $ - $ - $ 50,282 $ 40,617 $ 90,899 Special Mention - - - - - - 3,595 1,166 4,761 Substandard - - - - - - 1,517 1,780 3,297 Total Business express $ - $ - $ - $ - $ - $ - $ 55,394 $ 43,563 $ 98,957 Home equity Pass $ 304 $ 3,828 $ 1,411 $ 515 $ 644 $ 6,050 $ 53,806 $ 673 $ 67,231 Special Mention - - - - - - - - - Substandard - - 42 - 81 - - 212 335 Total Home equity $ 304 $ 3,828 $ 1,453 $ 515 $ 725 $ 6,050 $ 53,806 $ 885 $ 67,566 Consumer Pass $ 607 $ 1,148 $ 410 $ 14 $ 98 $ 6 $ 6 $ - $ 2,289 Special Mention - - - - - - - - - Substandard - 20 - - - - - - 20 Total Consumer $ 607 $ 1,168 $ 410 $ 14 $ 98 $ 6 $ 6 $ - $ 2,309 Total Loans $ 10,248 $ 285,409 $ 900,452 $ 319,537 $ 232,831 $ 992,745 $ 338,812 $ 45,613 $ 3,125,647 Gross charge-offs $ 446 $ - $ - $ - $ - $ 567 $ 5,206 $ 181 $ 6,400 Note 7 - Loans Receivable and Allowance for Credit Losses (Continued) The following table summarizes the Company's loans by year of origination and internally assigned credit risk rating and gross charge-offs for the year ended December 31, 2023. Loans by Year of Origination at December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans to Term Loans Total Residential one-to-four family Pass $ 17,080 $ 53,623 $ 38,178 $ 31,420 $ 12,067 $ 93,764 $ - $ - $ 246,132 Special Mention - 492 91 - - - - - 583 Substandard - - 1,310 - - 270 - - 1,580 Total one-to-four family $ 17,080 $ 54,115 $ 39,579 $ 31,420 $ 12,067 $ 94,034 $ - $ - $ 248,295 Commercial and multi-family Pass $ 222,435 $ 778,076 $ 224,823 $ 214,768 $ 50,755 $ 824,375 $ 1,922 $ - $ 2,317,154 Special Mention 9,908 34,375 - - 529 4,453 140 - 49,405 Substandard - 14,931 4,023 3,575 - 45,027 - - 67,556 Total Commercial and multi-family $ 232,343 $ 827,382 $ 228,846 $ 218,343 $ 51,284 $ 873,855 $ 2,062 $ - $ 2,434,115 Construction Pass $ 21,730 $ 74,180 $ 59,564 $ 21,462 $ - $ 5,878 $ 5,710 $ - $ 188,524 Special Mention - - - - - - - - - Substandard - 1,394 - 586 - 2,312 - - 4,292 Total Construction $ 21,730 $ 75,574 $ 59,564 $ 22,048 $ - $ 8,190 $ 5,710 $ - $ 192,816 Commercial business Pass $ 3,179 $ 297 $ 2,967 $ 4,234 $ 7,080 $ 33,675 $ 201,008 $ 150 $ 252,590 Special Mention - - - - 317 830 4,410 - 5,557 Substandard - - - - - 4,703 6,424 - 11,127 Total Commercial business $ 3,179 $ 297 $ 2,967 $ 4,234 $ 7,397 $ 39,208 $ 211,842 $ 150 $ 269,274 Business express Pass $ - $ - $ - $ - $ - $ - $ 101,531 $ - $ 101,531 Special Mention - - - - - - 600 - 600 Substandard - - - - - - 797 - 797 Total Business express $ - $ - $ - $ - $ - $ - $ 102,928 $ - $ 102,928 Home equity Pass $ 5,022 $ 1,487 $ 553 $ 769 $ 1,280 $ 6,181 $ 50,111 $ 553 $ 65,956 Special Mention - - - - - - - - - Substandard - 46 - - - - 117 212 375 Total Home equity $ 5,022 $ 1,533 $ 553 $ 769 $ 1,280 $ 6,181 $ 50,228 $ 765 $ 66,331 Consumer Pass $ 1,497 $ 471 $ 1,521 $ 109 $ 39 $ - $ 6 $ - $ 3,643 Special Mention - - - - - - - - - Substandard - - - - - - - - - Total Consumer $ 1,497 $ 471 $ 1,521 $ 109 $ 39 $ - $ 6 $ - $ 3,643 Total Loans $ 280,851 $ 959,372 $ 333,030 $ 276,923 $ 72,067 $ 1,021,468 $ 372,776 $ 915 $ 3,317,402 Gross charge-offs $ - $ - $ - $ - $ - $ - $ 805 $ - $ 805

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2024
Stockholders' Equity [Abstract]
Stockholders' Equity	Note 8 – Stockholders’ Equity On September 25,2024, the Company closed a private placement of Series J Noncumulative Perpetual Stock, par value $ 0.01 per share (the “Series J Preferred Stock”), resulting in gross proceeds of $ 1,360,000 for 136 shares. On June 21, 2024, the Company closed a private placement of Series J Noncumulative Perpetual Stock, par value $ 0.01 per share (the “Series J Preferred Stock”), resulting in gross proceeds of $ 670,000 for 67 shares. On March 29,2024, the Company closed a private placement of Series J Noncumulative Perpetual Stock, par value $ 0.01 per share (the “Series J Preferred Stock”), resulting in gross proceeds of $ 2,690,000 for 269 shares. On December 14, 2023, the Company closed a private placement of Series J Noncumulative Perpetual Stock, par value $ 0.01 per share (the “Series J Preferred Stock”), resulting in gross proceeds of $ 15,270,000 for 1,527 shares. On September 14, 2023, the Company redeemed 22 outstanding shares of its Series H 3.5 % Noncumulative Perpetual Preferred Stock, at their face value of $ 10,000 per share, for a total redemption amount of $ 220,000 . The company redeemed the remaining 1,101 outstanding shares of its Series H 3.5 % Noncumulative Perpetual Preferred Stock during the fourth quarter of 2023, at their face value of $ 10,000 per share, for a total redemption amount of $ 11.0 million .

Bank-Owned Life Insurance

Bank-Owned Life Insurance	9 Months Ended
	Sep. 30, 2024
Bank-Owned Life Insurance [Abstract]
Bank-Owned Life Insurance	Note 9 – Bank-Owned Life Insurance BOLI involves life insurance purchased by the Bank on a chosen group of employees, and the Bank is owner and beneficiary of the policies. At September 30, 2024 the Bank had $ 75.4 million in BOLI. BOLI is recorded at its net realizable value.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2024
Goodwill and Other Intangible Assets [Abstract]
Goodwill and Other Intangible Assets	Note 10 – Goodwill and Other Intangible Assets The Company’s intangible assets consist of goodwill and core deposit intangibles in connection with acquisitions. The initial recording of goodwill and other intangible assets requires subjective judgments concerning estimates of the fair value of the acquired assets and assumed liabilities. Goodwill is not amortized but is subject to annual tests for impairment or more often if events or circumstances indicate it may be impaired. There was no amortization expense of the core deposit intangibles for the nine months ended September 30, 2024. Amortization expense of the core deposit intangibles was $ 94,000 and $ 37,000 for the nine months ended September 30, 2023 and 2022, respectively. The unamortized balance of the core deposit intangibles and the amount of goodwill at September 30, 2024 was $ 0 and $ 5.2 million, respectively. The unamortized balance of the core deposit intangibles and the amount of goodwill at September 30, 2023 was $ 35,000 and $ 5.2 million, respectively. The Company’s core deposit intangibles are amortized on an accelerated basis using an estimated life of 10 years and in accordance with U.S. GAAP are evaluated annually for impairment. An impairment loss will be recognized if the carrying amount of the intangible asset is not recoverable and exceeds fair value. The carrying amount of the intangible asset is not considered recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use of the asset. The Company conducts impairment analysis on goodwill at least annually or more often as conditions require. Pursuant to ASC 350-20-35, the Company conducted a qualitative assessment of goodwill as of October 31, 2023, and determined that it was more likely than not that goodwill was not impaired. Accordingly, there was no impairment at December 31, 2023. The Company believes that the fair values of its goodwill was in excess of its carrying amounts and there was no impairment at September 30, 2024.

Fair Values of Financial Instru

Fair Values of Financial Instruments	9 Months Ended
	Sep. 30, 2024
Fair Values of Financial Instruments [Abstract]
Fair Values of Financial Instruments	Note 11 – Fair Values of Financial Instruments Guidance on fair value measurements establishes a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1 : Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2 : Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability. Level 3 : Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e. supported with little or no market activity). An asset or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Assets that the Company measured at fair value on a recurring basis were as follows (In thousands): (Level 1) (Level 2) Quoted Prices in Significant (Level 3) Active Markets Other Significant for Identical Observable Unobservable Description Total Assets Inputs Inputs As of September 30, 2024: Securities Debt Securities Available for Sale $ 98,169 $ - $ 98,169 $ - Marketable Equities 10,133 10,133 - - Total Securities $ 108,302 $ 10,133 $ 98,169 $ - As of December 31, 2023: Securities Debt Securities Available for Sale $ 87,769 $ - $ 87,769 $ - Marketable Equities 9,093 9,093 - - Total Securities $ 96,862 $ 9,093 $ 87,769 $ - There were no transfers of assets or liabilities into or out of Level 1, Level 2, or Level 3 of the fair value hierarchy during the three and nine months ended September 30, 2024 and 2023. There were no liabilities measured at fair value on a recurring basis at September 30, 2024 or December 31, 2023. Assets that the Company measured at fair value on a nonrecurring basis were as follows (In thousands): (Level 1) (Level 2) Quoted Prices in Significant (Level 3) Active Markets Other Significant for Identical Observable Unobservable Description Total Assets Inputs Inputs As of September 30, 2024 Individually Evaluated Loans $ 21,326 $ - $ - $ 21,326 As of December 31, 2023: Individually Evaluated Loans $ 23,585 $ - $ - $ 23,585 Certain individually evaluated loans were adjusted to the fair value, less costs to sell, of the underlying collateral securing these loans resulting in losses. The loss is not recorded directly as an adjustment to current earnings, but rather as a component in determining the allowance for credit losses. Fair value was measured using appraised values of collateral and adjusted as necessary by management based on unobservable inputs for specific properties. Losses on individually evaluated loans for the nine months ended September 30, 2024 and the twelve months ended December 31, 2023 were $ 3.3 million and $ 1.4 million, respectively. There were no liabilities measured at fair value on a nonrecurring basis at September 30, 2024 or December 31, 2023. Note 11 – Fair Values of Financial Instruments (Continued) The following tables present additional quantitative information as of September 30, 2024 and December 31, 2023 about assets measured at fair value on a nonrecurring basis and for which the Company has utilized adjusted Level 3 inputs to determine fair value. (Dollars in thousands): Quantitative Information about Level 3 Fair Value Measurements Fair Value Valuation Unobservable Estimate Techniques Input Range September 30, 2024: Individually Evaluated Loans $ 21,326 Appraisal of collateral (1) Appraisal adjustments (2) 0 %- 10 % Fair Value Valuation Unobservable Estimate Techniques Input Range December 31, 2023: Individually Evaluated Loans $ 23,585 Appraisal of collateral (1) Appraisal adjustments (2) 0 %- 10 % (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not objectively determinable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate the fair values of the Company’s financial instruments as of September 30, 2024 and December 31, 2023. Cash and Cash Equivalents and Interest-Earning Time Deposits (Carried at Cost) The carrying amounts reported in the consolidated statements of financial condition for cash and short-term instruments approximate fair values. Securities (Carried at Fair Value) The fair value of securities is determined by obtaining quoted market prices on nationally recognized security exchanges (Level 1) or, by matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices. Loans Held for Sale (Lower of Cost or Market) The fair value of loans held for sale is determined, when possible, using quoted secondary-market prices. If no such quoted prices exist, the fair value of a loan is determined using quoted prices for a similar loan or loans, adjusted for specific attributes of that loan. Loans held for sale are carried at the lower of cost or fair value. Loans Receivable (Carried at Amortized Cost) The fair values of loans, except for certain individually evaluated loans, are estimated using discounted cash flow analyses, using market rates at the date of the Statement of Financial Condition that reflect the credit and interest rate-risk inherent in the loans. Projected future cash flows are calculated based upon contractual maturity or call dates, projected repayments and prepayments of principal. Generally, for variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. Individually Evaluated Loans (Generally Carried at Fair Value) Individually evaluated loans are those for which the Company has measured and recorded credit losses based on the fair value of the loan’s collateral, less estimated costs to sell. Fair value is generally determined based upon independent third-party appraisals of the properties, or discounted cash flows based upon the expected proceeds. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. The fair value at September 30, 2024 and December 31, 2023 consisted of the loan balances of $ 27.4 million net of an allowance for credit losses of $ 6.1 million and $ 27.8 million net of an allowance for credit losses of $ 4.2 million, respectively. Other Real Estate Owned (Carried at Lower of Cost or Fair Value) Other real estate owned is carried at fair value less estimated costs to sell which is determined based upon independent third-party appraisals of the properties or based upon the expected proceeds from a pending sale. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. FHLB of New York Stock (Carried at Cost) The carrying amount of restricted investment in bank stock approximates fair value and considers the limited marketability of such securities. Accrued Interest Receivable and Payable (Carried at Cost) The carrying amount of accrued interest receivable and accrued interest payable approximates its fair value. Deposits (Carried at Cost) The fair values disclosed for demand deposits (e.g., interest and non-interest checking, savings and money market accounts1) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered in the market on certificates to a schedule of aggregated expected monthly maturities on time deposits. Note 11 – Fair Values of Financial Instruments (Continued) Debt Including Subordinated Debentures (Carried at Cost) Fair values of debt are estimated using discounted cash flow analysis, based on quoted prices for new long-term debt with similar credit risk characteristics, terms and remaining maturity. Prices obtained from this active market represent a market value that is deemed to represent the transfer price if the liability were assumed by a third party. Off-Balance Sheet Financial Instruments Fair values for the Company’s off-balance sheet financial instruments (lending commitments and unused lines of credit) are based on fees currently charged in the market to enter into similar agreements, taking into account, the remaining terms of the agreements and the counterparties’ credit standing. The fair value of these commitments was deemed immaterial and is not presented in the accompanying table. The carrying values and estimated fair values of financial instruments were as follows as of September 30, 2024 and December 31, 2023: As of September 30, 2024 Quoted Prices in Active Significant Significant Carrying Markets for Identical Assets Other Observable Inputs Unobservable Inputs Value Fair Value (Level 1) (Level 2) (Level 3) (In Thousands) Financial assets: Cash and cash equivalents $ 243,123 $ 243,123 $ 243,123 $ - $ - Interest-earning time deposits 735 735 - 735 - Debt securities available for sale 98,169 98,169 - 98,169 - Equity investments 10,133 10,133 10,133 - - Loans held for sale 250 250 - 250 - Loans receivable, net 3,087,914 2,987,137 - 2,987,137 - FHLB of New York stock, at cost 24,732 24,732 - 24,732 - Accrued interest receivable 16,496 16,496 - 16,496 - Financial liabilities: Deposits 2,724,580 2,726,638 1,677,703 1,048,935 - Borrowings 466,424 469,749 - 469,749 - Subordinated debentures 67,042 66,824 - 66,824 - Accrued interest payable 4,494 4,494 - 4,494 - As of December 31, 2023 Quoted Prices in Active Significant Significant Carrying Markets for Identical Assets Other Observable Inputs Unobservable Inputs Value Fair Value (Level 1) (Level 2) (Level 3) (In Thousands) Financial assets: Cash and cash equivalents $ 279,523 $ 279,523 $ 279,523 $ - $ - Interest-earning time deposits 735 735 - 735 - Debt securities available for sale 87,769 87,769 - 87,769 - Equity investments 9,093 9,093 9,093 - - Loans held for sale 1,287 1,287 - 1,287 - Loans receivable, net 3,279,708 3,112,980 - - 3,112,980 FHLB of New York stock, at cost 24,917 24,917 - 24,917 - Accrued interest receivable 16,072 16,072 - 16,072 - Financial liabilities: Deposits 2,979,080 2,978,654 2,120,514 858,140 - Debt 472,811 472,184 - 472,184 - Subordinated debentures 37,624 39,299 - 39,299 - Accrued interest payable 5,777 5,777 - 5,777 -

Subordinated Debt

Subordinated Debt	9 Months Ended
	Sep. 30, 2024
Subordinated Debt [Abstract]
Subordinated Debt	Note 12 – Subordinated debt On July 30, 2018, the Company issued $ 33.5 million of fixed-to-floating rate subordinated debentures (the “Old Notes”) in a private placement. The Notes have a 10-year term and bore an interest at a fixed annual rate of 5.625 % for the first five years of the term (the "Fixed Interest Rate Period"). On August 1, 2023, the interest rate was scheduled to adjust to a floating rate based on the three-month LIBOR plus 2.72 % until redemption or maturity (the "Floating Interest Rate Period"). However, LIBOR was replaced as the benchmark rate per the discussion below. The Old Notes are scheduled to mature on August 1, 2028. The Company will pay interest in arrears quarterly during the remaining term of the Old Notes. The Old Notes constitute an unsecured and subordinated obligation of the Company and rank junior in right of payment to any senior indebtedness and obligations to general and secured creditors. The Old Notes qualify as Tier 2 capital for the Company for regulatory purposes, when applicable, and the portion that the Company contributed to the Bank qualifies as Tier 1 capital for the Bank. Subordinated debt included associated deferred costs of $ 116,000 which were fully amortized during the year ended December 31, 2023. The Tier 2 capital credit related to the Old Notes started to amortize as the Old Notes reached their five-year anniversary on August 1, 2023. On August 29, 2024, the Company issued $ 40 million of fixed-to-floating subordinated debentures (the “New Notes”) in a private placement to certain qualified institutional investors. The New Notes have a 10-year term and bear interest at a fixed rate of 9.250 % for the first five years of the term. The fixed interest rate is payable semiannually for the first five years and will be reset quarterly thereafter to the then-current three-month SOFR (defined below) plus 582 basis points. The Company plans to use the net proceeds from the offering to refinance the Old Notes and for general corporate purposes. The New Notes are intended to qualify as Tier 2 capital for the Company for regulatory purposes and the portion that the Company contributes to the Bank will qualify as Tier 1 capital for the Bank. The New Notes constitute an unsecured and subordinated obligation of the Company and rank junior in right of payment to any senior indebtedness and obligations to general and secured creditors. During the third quarter, the Company was able to repurchase $ 9.4 million of the Old Notes and plans on calling the remaining $ 24.1 million of the Old Notes on the next callable date of November 1, 2024. The Company also has $ 4.1 million of mandatory redeemable trust preferred securities. The interest rate on these floating rate junior subordinated debentures adjusts quarterly and had been equal to the three-month LIBOR plus 2.65 %. They mature on June 17, 2034. In accordance with the Adjustable Interest Rate (LIBOR) Act (the “LIBOR Act”) and the regulation issued by the Board of Governors of the Federal Reserve System implementing the LIBOR Act, the Company has selected the three-month CME Term Secured Overnight Financing Rate (“SOFR”) as the applicable successor rate for both the Old Notes and the trust preferred securities. The calculation of the amount of interest payable, based on the three-month CME Term SOFR, will also include the applicable tenor spread adjustment of 0.26161 % per annum as specified in the LIBOR Act. At September 30, 2024, the interest rate for the Old Notes and trust preferred securities was 8.22929 % and 7.85279 %, respectively.

Lease Obligations

Lease Obligations	9 Months Ended
	Sep. 30, 2024
Lease Obligations [Abstract]
Lease Obligations	Note 13 – Lease Obligations The Company leases 24 of its offices under various operating lease agreements. The leases have remaining terms of one year to 10 years . The leases contain provisions for the payment by the Company of its pro-rata share of real estate taxes, insurance, common area maintenance and other variable expenses. The Company will allocate payments made under such leases between lease and non-lease components. Some leases contain renewal options and options to purchase the assets. The Company has elected not to recognize a lease liability and a right of use asset for leases with a lease term of 12 or fewer months. The following tables present certain information related to the Company’s leases (in thousands): Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Operating lease expense $ 904 $ 878 $ 2,690 $ 2,710 Variable lease expense-operating leases $ 280 $ 269 $ 829 $ 793 At September 30, 2024 At December 31, 2023 Supplemental balance sheet information related to leases: Operating Leases Operating lease right-of-use assets $ 13,438 $ 12,935 Current liabilities $ 852 $ 3,094 Operating lease liabilities (noncurrent portion) 14,487 11,526 Imputed interest ( 1,461 ) ( 1,305 ) Total operating lease liabilities $ 13,878 $ 13,315 The weighted average remaining lease term for operating leases at September 30, 2024 and December 31, 2023 was 5.55 years and 5.77 years, respectively. The weighted average discount rate for operating leases at September 30, 2024 and December 31, 2023 was 3.38 percent and 3.02 percent, respectively. The following table summarizes the Company’s maturity of lease obligations for operating leases at September 30, 2024 and December 31, 2023 (in thousands): Maturities of lease liabilities: At September 30, 2024 At December 31, 2023 Operating Leases Operating Leases One year or less $ 852 $ 3,094 Over one year through three years 6,141 5,132 Over three years through five years 4,666 3,632 Over five years 3,680 2,762 Gross operating lease liabilities $ 15,339 $ 14,620 Imputed interest ( 1,461 ) ( 1,305 ) Total operating lease liabilities $ 13,878 $ 13,315

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 14 – Subsequent Events On October 16, 2024 , the Board of Directors of the Company declared a cash dividend of $ 0.16 per share to shareholders of record of its common stock on November 1, 2024 , with a payment date of November 15, 2024 .

Basis of Presentation (Policy)

Basis of Presentation (Policy)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Accounting	The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Regulation S-X and, therefore, do not necessarily include all information that would be included in audited consolidated financial statements. The information furnished reflects all adjustments that are, in the opinion of management, necessary for a fair presentation of consolidated financial condition and results of operations. All such adjustments are of a normal recurring nature. These results are not necessarily indicative of the results to be expected for the fiscal year ending December 31 , or any other future period. The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated statement of financial condition and revenues and expenses for the periods then ended. Actual results could differ significantly from those estimates. These unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes for the year ended December 31, 2023, which are included in the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission (the “SEC”). In preparing these consolidated financial statements, the Company evaluated the events and transactions that occurred between December 31, 2023 and the date these consolidated financial statements were issued.

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policy)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In December 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”. The amendments in this ASU require improved annual income tax disclosures surrounding rate reconciliation, income taxes paid, and other disclosures. This update will be effective for financial statements issued for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact of this standard on the consolidated financial statements. In March 2022, FASB issued Accounting Standards Update (“ASU”) 2022-02, Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. The amendments in this update eliminate the existing accounting guidance for troubled debt restructures ("TDRs") by creditors in Subtopic 310-40, Receivables - Troubled Debt Restructurings by Creditor s and instead requires that an entity evaluate whether a modification represents a new loan or a continuation of an existing loan. The amendments also enhance disclosure requirements for certain loan refinancing and restructuring by creditors when a borrower is experiencing financial difficulty. All amendments in this update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company adopted ASU 2022-02 on January 1, 2023. The adoption of this standard did not have a material effect on the Company's financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses ASU 2016-13, and related guidance, requires entities to report “expected” credit losses on financial instruments and other commitments to extend credit rather than the current “incurred loss” model. The Company adopted ASU 2016-13 on January 1, 2023 for all financial assets measured at amortized cost and off-balance sheet credit exposures using the modified retrospective method. Results for the twelve months ended December 31, 2023 are presented under Accounting Standards Codification 326, Financial Instruments – Credit Losses, while prior period amounts continue to be reported with previously applicable GAAP and have not been restated. Effective January 1, 2023, the Company recorded a $ 4.2 million decrease in allowance for credit losses on loans that is referred to as the current expected credit loss (“CECL”) methodology (previously allowance for loan losses), an elimination of $ 1.1 million of reserves related to acquired loans, and a $ 1.3 million increase related to allowance for off-balance sheet credit exposures included in other liabilities section of the consolidated statements of financial condition, which resulted in a total cumulative effect adjustment of $ 2.9 million and an increase to retained earnings a component of the stockholders’ equity (net of tax). Allowance for Credit Losses The allowance for credit losses represents the estimated amount considered necessary to cover lifetime expected credit losses inherent in financial assets at the balance sheet date. The measurement of expected credit losses is applicable to loans receivable and securities measured at amortized cost. It also applies to off-balance sheet credit exposures such as loan commitments and unused lines of credit. The allowance is established through a provision for credit losses that is charged against income. The methodology for determining the allowance for credit losses is considered a critical accounting policy by management because of the high degree of judgment involved, the subjectivity of the assumptions used, and the potential for changes in the forecasted economic environment that could result in changes to the amount of the recorded allowance for credit losses. The allowance for credit losses is reported separately as a contra-asset on the consolidated statement of financial condition. The expected credit loss for unfunded lending commitments and unfunded loan commitments is reported on the consolidated statement of financial condition in other liabilities while the provision for credit losses related to unfunded commitments is reported in other non-interest expense. Changes in the allowance for credit losses are recorded as provision for, or reversal of, credit loss expense. Losses are charged against the allowance when management believes the uncollectibility of a receivable is confirmed or when either of the criteria regarding intent or requirement to sell is met. Note 2 – Recent Accounting Pronouncements (continued) Allowance for Credit Losses on Loans Receivable The allowance for credit losses on loans is deducted from the amortized cost basis of the loan to present the net amount expected to be collected. Expected losses are evaluated and calculated on a collective, or pooled, basis for those loans which share similar risk characteristics. If the loan does not share risk characteristics with other loans, the Company will evaluate the loan on an individual basis. Individually evaluated loans are primarily non-accrual and collateral dependent loans. Furthermore, the Company evaluates the pooling methodology at least annually to ensure that loans with similar risk characteristics are pooled appropriately. Loans are charged off against the allowance for credit losses when the Company believes the balances to be uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged off or expected to be charged off. The Company has chosen to segment its portfolio consistent with the manner in which it manages credit risk. The Company calculates estimated credit losses for these loan segments using quantitative models and qualitative factors. Further information on loan segmentation and the credit loss estimation is included in Note 7 – Loans Receivable and Allowance for Credit Losses. Individually Evaluated Loans On a case-by-case basis, the Company may conclude that a loan should be evaluated on an individual basis based on its disparate risk characteristics. When the Company determines that a loan no longer shares similar risk characteristics with other loans in the portfolio, the allowance will be determined on an individual basis using the present value of expected cash flows or, for collateral-dependent loans, the fair value of the collateral as of the reporting date, less estimated selling costs, as applicable. If the fair value of the collateral is less than the amortized cost basis of the loan, the Company will charge off the difference between the fair value of the collateral, less costs to sell at the reporting date and the amortized cost basis of the loan. Allowance for Credit Losses on Off-Balance Sheet Commitments The Company is required to include unfunded commitments that are expected to be funded in the future within the allowance calculation, other than those that are unconditionally cancelable. To arrive at that reserve, the reserve percentage for each applicable segment is applied to the unused portion of the expected commitment balance and is multiplied by the expected funding rate. As noted above, the allowance for credit losses on unfunded loan commitments is included in other liabilities on the consolidated statement of financial condition and the related credit expense is recorded in other non-interest expense in the consolidated statements of income. Allowance for Credit Losses on Available-for-Sale Securities For available-for-sale securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more than likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For securities available-for-sale that do not meet the above criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Company considers the extent to which fair value is less than amortized cost and adverse conditions related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of the cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income, net of tax. The Company elected the practical expedient of zero loss estimates for securities issued by U.S. government entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rate by major agencies and have a long history of no credit losses. Accrued Interest Receivable The Company made an accounting policy election to exclude accrued interest receivable from the amortized cost basis of loans and available-for-sale securities. Accrued interest receivable on loans and securities is reported as a component of accrued interest receivable on the consolidated statement of financial condition.

Equity Incentive Plans (Tables)

Equity Incentive Plans (Tables)	9 Months Ended
	Sep. 30, 2024
Equity Incentive Plans [Abstract]
Summary of Status of Restricted Shares	Number of Shares Awarded Weighted Average Grant Date Fair Value Non-vested at January 1, 2024 86,752 $ 14.98 Granted 50,000 9.44 Vested ( 50,227 ) 13.85 Forfeited ( 1,725 ) 14.92 Non-vested at September 30, 2024 84,800 $ 12.38 Number of Shares Awarded Weighted Average Grant Date Fair Value Non-vested at January 1, 2023 48,150 $ 14.83 Granted 52,252 15.01 Vested ( 13,650 ) 14.60 Forfeited - - Non-vested at September 30, 2023 86,752 $ 14.98
Summary of Stock Option Activity	Number of Option Shares Range of Exercise Prices Weighted Average Exercise Price Outstanding at January 1, 2024 975,975 $ 10.55 - 13.68 $ 11.89 Options granted - - - Options exercised - - - Options forfeited - - - Options expired ( 80,000 ) 13.32 13.32 Outstanding at September 30, 2024 895,975 $ 10.55 - 13.68 $ 11.76

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	9 Months Ended
	Sep. 30, 2024
Net Income per Common Share [Abstract]
Schedule of Earnings per Share, Basic and Diluted	For the Three Months Ended September 30, 2024 2023 2022 Income Shares Per Share Income Shares Per Share Income Shares Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount (In Thousands, except per share data) Basic earnings per share: Income available to common stockholders $ 6,193 17,039 $ 0.36 $ 6,538 16,830 $ 0.39 $ 13,218 16,982 $ 0.78 Effect of dilutive securities: Stock options - 25 - 24 - 374 Diluted earnings per share: Income available to common stockholders $ 6,193 17,064 $ 0.36 $ 6,538 16,854 $ 0.39 $ 13,218 17,356 $ 0.76 For the Nine Months Ended September 30, 2024 2023 2022 Income Shares Per Share Income Shares Per Share Income Shares Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount (In Thousands, except per share data) Basic earnings per share: Income available to common stockholders $ 13,994 16,991 $ 0.82 $ 22,901 16,868 $ 1.36 $ 32,883 16,986 $ 1.94 Effect of dilutive securities: Stock options - 1 - 83 - 383 Diluted earnings per share: Income available to common stockholders $ 13,994 16,992 $ 0.82 $ 22,901 16,951 $ 1.35 $ 32,883 17,369 $ 1.89

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2024
Securities [Abstract]
Summary of Disaggregated Net Income on Equity Securities	For the three months ended September 30, For the nine months ended September 30, (In Thousands) 2024 2023 2022 2024 2023 2022 Net gains (losses) recognized during the period on equity securities held at the reporting date $ 1,132 $ ( 436 ) $ ( 559 ) $ 1,040 $ ( 4,157 ) $ ( 5,487 ) Net losses recognized during the period on equity securities sold during the period - ( 58 ) - - ( 233 ) ( 59 ) Realized and unrealized gains (losses) on equity investments during the reporting period $ 1,132 $ ( 494 ) $ ( 559 ) $ 1,040 $ ( 4,390 ) $ ( 5,546 )
Amortized Cost and Gross Unrealized Gains and Losses on Securities Available for Sale	September 30, 2024 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (In Thousands) Residential Mortgage-backed securities: More than one to five years $ 481 $ - $ 10 $ 471 More than five to ten years 3,451 - 146 3,305 More than ten years 41,648 246 2,265 39,629 Sub-total: 45,580 246 2,421 43,405 Corporate Debt securities: More than one to five years 8,984 - 388 8,596 More than five to ten years 50,581 40 4,453 46,168 Sub-total: 59,565 40 4,841 54,764 Total securities $ 105,145 $ 286 $ 7,262 $ 98,169 December 31, 2023 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (In Thousands) Residential Mortgage-backed securities: More than one to five years $ 605 $ - $ 24 $ 581 More than five to ten years 4,147 - 230 3,917 More than ten years 32,833 192 2,910 30,115 Sub-total: 37,585 192 3,164 34,613 Corporate Debt securities: More than one to five years 8,981 - 197 8,784 More than five to ten years 50,583 - 6,211 44,372 Sub-total: 59,564 - 6,408 53,156 Total securities $ 97,149 $ 192 $ 9,572 $ 87,769
Available for Sale Securities, Continuous Unrealized Loss Position, Fair Value	12 Months or Less More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In Thousands) September 30 2024 Residential mortgage-backed securities $ - $ - $ 26,375 $ 2,421 $ 26,375 $ 2,421 Corporate Debt securities - - 50,420 4,841 50,420 4,841 $ - $ - $ 76,795 $ 7,262 $ 76,795 $ 7,262 December 31, 2023 Residential mortgage-backed securities $ 5,316 $ 98 $ 22,153 $ 3,066 $ 27,469 $ 3,164 Corporate Debt securities - - 51,856 6,408 51,856 6,408 $ 5,316 $ 98 $ 74,009 $ 9,474 $ 79,325 $ 9,572

Loans Receivable and Allowanc_2

Loans Receivable and Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2024
Loans Receivable and Allowance for Credit Losses [Abstract]
Recorded Investment in Loans Receivable	September 30, 2024 December 31, 2023 (In Thousands) Residential one-to-four family $ 241,050 $ 248,295 Commercial and multi-family 2,296,886 2,434,115 Construction 146,471 192,816 Commercial business 272,408 269,274 Business express 98,957 102,928 Home equity (1) 67,566 66,331 Consumer 2,309 3,643 3,125,647 3,317,402 Less: Deferred loan fees, net ( 3,040 ) ( 4,086 ) Allowance for credit losses ( 34,693 ) ( 33,608 ) Total Loans, net $ 3,087,914 $ 3,279,708 (1) Includes home equity lines of credit.
Allowance for Credit Losses	The following table sets forth the activity in the Company’s allowance for credit losses for the three and nine months ended September 30, 2024, and the related portion of the allowance for credit losses that is allocated to each loan class, as of September 30, 2024 (in thousands): Residential Commercial & Multi-family Construction Commercial Business Business Express Home Equity (1) Consumer Total Allowance for credit losses: Beginning Balance, July 1, 2024 $ 2,039 $ 14,907 $ 2,872 $ 8,323 $ 6,444 $ 635 $ 23 $ 35,243 Charge-offs: - - - - ( 3,471 ) - - ( 3,471 ) Recoveries: 8 - - 22 1 - - 31 Provision (benefit): 30 ( 1,371 ) ( 496 ) 531 4,168 10 18 2,890 Ending Balance, September 30, 2024 2,077 13,536 2,376 8,876 7,142 645 41 34,693 Ending Balance attributable to loans: Individually evaluated - 971 - 2,025 3,052 - 20 6,068 Collectively evaluated 2,077 12,565 2,376 6,851 4,090 645 21 28,625 Ending Balance, September 30, 2024 2,077 13,536 2,376 8,876 7,142 645 41 34,693 Loans Receivables: Individually evaluated 235 56,869 586 4,993 3,052 293 20 66,048 Collectively evaluated 240,815 2,240,017 145,885 267,415 95,905 67,273 2,289 3,059,599 Total Gross Loans: $ 241,050 $ 2,296,886 $ 146,471 $ 272,408 $ 98,957 $ 67,566 $ 2,309 $ 3,125,647 (1) Includes home equity lines of credit. Residential Commercial & Multi-family Construction Commercial Business Business Express Home Equity (1) Consumer Total Allowance for credit losses: Beginning Balance, January 1, 2024 $ 2,344 $ 16,301 $ 3,841 $ 5,811 $ 4,542 $ 691 $ 78 $ 33,608 Charge-offs: - - - ( 567 ) ( 5,387 ) - ( 446 ) ( 6,400 ) Recoveries: 33 - - 27 9 - - 69 Provision (benefit): ( 300 ) ( 2,765 ) ( 1,465 ) 3,605 7,978 ( 46 ) 409 7,416 Ending Balance, September 30, 2024 $ 2,077 $ 13,536 $ 2,376 $ 8,876 $ 7,142 $ 645 $ 41 $ 34,693 (1) Includes home equity lines of credit. Note 7 - Loans Receivable and Allowance for Credit Losses (Continued) The following table sets forth the activity in the Company’s allowance for credit losses for the three and nine months ended September 30, 2023, and the related portion of the allowance for credit losses that is allocated to each loan class, as of September 30, 2023 (in thousands): Residential Commercial & Multi-family Construction Commercial Business Business Express Home Equity (1) Consumer Total Allowance for credit losses: Beginning Balance, July 1, 2023 $ 2,453 $ 15,045 $ 4,090 $ 5,379 $ 2,485 $ 722 $ 31 $ 30,205 Charge-offs: - - - - ( 515 ) - - ( 515 ) Recoveries: 14 - - 5 - - - 19 Provision (benefit): ( 23 ) ( 595 ) 573 2,782 ( 485 ) ( 54 ) 7 2,205 Ending Balance, September 30, 2023 2,444 14,450 4,663 8,166 1,485 668 38 31,914 Ending Balance attributable to loans: Individually evaluated - - 608 1,914 250 - - 2,772 Collectively evaluated 2,444 14,450 4,055 6,252 1,235 668 38 29,142 Ending Balance, September 30, 2023 2,444 14,450 4,663 8,166 1,485 668 38 31,914 Loans Receivables: Individually evaluated 355 23,843 4,931 6,277 250 212 - 35,868 Collectively evaluated 251,490 2,421,044 180,271 262,977 101,008 65,834 3,647 3,286,271 Total Gross Loans: $ 251,845 $ 2,444,887 $ 185,202 $ 269,254 $ 101,258 $ 66,046 $ 3,647 $ 3,322,139 (1) Includes home equity lines of credit. Residential Commercial & Multi-family Construction Commercial Business Business Express Home Equity (1) Consumer Unallocated Total Allowance for credit losses: Ending Balance December 31, 2022 2,474 21,749 2,094 4,495 872 485 24 180 32,373 Effect of adopting ASU No. 2016-13 ("CECL") 144 ( 7,123 ) 1,387 1,734 ( 316 ) 182 7 ( 180 ) ( 4,165 ) Beginning Balance, January 1, 2023 $ 2,618 $ 14,626 $ 3,481 $ 6,229 $ 556 $ 667 $ 31 $ - $ 28,208 Charge-offs: - - - ( 1 ) ( 554 ) - - - ( 555 ) Recoveries: 38 - - 30 - 16 - - 84 Provision (benefit): ( 212 ) ( 176 ) 1,182 1,908 1,483 ( 15 ) 7 - 4,177 Ending Balance, September 30, 2023 $ 2,444 $ 14,450 $ 4,663 $ 8,166 $ 1,485 $ 668 $ 38 $ - $ 31,914 (1) Includes home equity lines of credit. The following table sets forth the activity in the allowance for credit losses and amount recorded in loans receivable at and for the year ended December 31, 2023. The table also details the amount of total loans receivable that are evaluated individually and collectively, and the related portion of the allowance for credit losses that is allocated to each loan class (in thousands): Residential Commercial & Multi-family Construction Commercial Business Business Express Home Equity (1) Consumer Unallocated Total Allowance for credit losses: Ending Balance, December 31, 2022 $ 2,474 $ 21,749 $ 2,094 $ 4,495 $ 872 $ 485 $ 24 $ 180 $ 32,373 Effect of adopting ASU No. 2016-13 ("CECL") 144 ( 7,123 ) 1,387 1,734 ( 316 ) 182 7 ( 180 ) ( 4,165 ) Beginning Balance, January 1, 2023 $ 2,618 $ 14,626 $ 3,481 $ 6,229 $ 556 $ 667 $ 31 $ - $ 28,208 Charge-offs: - - - - ( 805 ) - - - ( 805 ) Recoveries: 45 - - 29 11 16 - - 101 Provision (benefit): ( 319 ) 1,675 360 ( 447 ) 4,780 8 47 - 6,104 Ending Balance, December 31, 2023 $ 2,344 $ 16,301 $ 3,841 $ 5,811 $ 4,542 $ 691 $ 78 $ - $ 33,608 Ending Balance attributable to loans: Individually evaluated $ - $ 990 $ 310 $ 2,132 $ 797 $ - $ - $ - $ 4,229 Collectively evaluated 2,344 15,311 3,531 3,679 3,745 691 78 - 29,379 Ending Balance, December 31, 2023 $ 2,344 $ 16,301 $ 3,841 $ 5,811 $ 4,542 $ 691 $ 78 $ - $ 33,608 Loans Receivables: Individually evaluated $ 444 $ 42,259 $ 4,292 $ 6,015 $ 797 $ 212 $ - $ - $ 54,019 Collectively evaluated 247,851 2,391,856 188,524 263,259 102,131 66,119 3,643 - 3,263,383 Total Gross Loans $ 248,295 $ 2,434,115 $ 192,816 $ 269,274 $ 102,928 $ 66,331 $ 3,643 $ - $ 3,317,402 (1) Includes home equity lines of credit.
Allowance for Credit Losses on Off-Balance Sheet Exposures	Three Months Ended September 30, 2024 Nine Months Ended September 30, 2024 Allowance for Credit Losses: Beginning Balance $ 759 $ 694 Benefit for credit losses ( 288 ) ( 223 ) Balance at September 30, 2024 $ 471 $ 471 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Allowance for Credit Losses: Beginning Balance $ 254 $ - Impact of adopting ASU No. 2016-13 ("CECL") effective January 1, 2023 - 1,266 Provision (benefit) for credit losses 148 ( 864 ) Balance at September 30, 2023 $ 402 $ 402
Delinquency Status of Total Loans	The following table sets forth the delinquency status of total loans receivable as of September 30, 2024: Loans Receivable Greater Than >90 Days 30-59 Days 60-90 Days 90 Days Total Past Total Loans Past Due Past Due Past Due Past Due Due Current Receivable and Accruing (In Thousands) Residential one-to-four family $ 4,972 $ 391 $ 312 $ 5,675 $ 235,375 $ 241,050 $ - Commercial and multi-family 10,905 308 29,391 40,604 2,256,282 2,296,886 5,520 Construction - - 586 586 145,885 146,471 313 Commercial business 5,512 155 2,946 8,613 263,794 272,407 Business express 9,776 3,750 387 13,913 85,044 98,957 387 Home equity (1) 2,285 41 81 2,407 65,159 67,566 - Consumer - - 2 2 2,307 2,309 - Total $ 33,450 $ 4,645 $ 33,705 $ 71,800 $ 3,053,847 $ 3,125,647 $ 6,220 (1) Includes home equity lines of credit. The following table sets forth the delinquency status of total loans receivable at December 31, 2023: Loans Receivable Greater Than >90 Days 30-59 Days 60-90 Days 90 Days Total Past Total Loans Past Due Past Due Past Due Past Due Due Current Receivable and Accruing (In Thousands) Residential one-to-four family $ 4,701 $ - $ 270 $ 4,971 $ 243,324 $ 248,295 $ - Commercial and multi-family 1,853 7,876 6,842 16,571 2,417,544 2,434,115 - Construction 3,641 - 586 4,227 188,589 192,816 - Commercial business 2,314 362 1,081 3,757 265,517 269,274 - Business Express 1,922 249 50 2,221 100,707 102,928 Home equity (1) 907 - - 907 65,424 66,331 - Consumer - - - - 3,643 3,643 - Total $ 15,338 $ 8,487 $ 8,829 $ 32,654 $ 3,284,748 $ 3,317,402 $ - (1) Includes home equity lines of credit.
Amortized Cost Basis Of Loans Modified	For the three Months Ended September 30, 2024 (In Thousands) Number Payment Delay Term Extension Total Principal % of Total Class of Financing Receivable Business Express 114 $ - $ 25,688 $ 25,688 25.96 % For the Nine Months Ended September 30, 2024 (In Thousands) Number Payment Delay Term Extension Total Principal % of Total Class of Financing Receivable Residential one-to-four family 1 $ 174 $ - $ 174 0.07 % Business Express 194 - 43,027 43,027 43.48 195 $ 174 $ 43,027 $ 43,201 1.38 %
Loan Modifications	For the Nine Months Ended September 30, 2024 (In Thousands) Current 30-59 Days Past Due 60-90 Days Past Due Non-accrual Total Residential one-to-four family $ 174 $ - $ - $ - $ 174 Business Express 42,581 249 - 197 43,027 $ 42,755 $ 249 $ - $ 197 $ 43,201
Non-Accruing Loans	As of September 30, 2024 (in Thousands) Non-accrual loans with an Allowance for Credit Losses Non-accrual loans without an Allowance for Credit Losses Total Non-accrual loans Amortized Cost of Loans Past due 90 days and Still Accruing Residential one-to-four family $ 174 $ 236 $ 410 $ - Commercial and multi-family 5,853 21,840 27,693 5,520 Construction - 586 586 313 Commercial business 5,766 535 6,301 - Business express loans - 197 197 387 Home equity (1) 42 81 123 - Consumer 20 - 20 - Total $ 11,855 $ 23,475 $ 35,330 $ 6,220 (1) Includes home equity lines of credit. As of December 31, 2023 (in Thousands) Non-accrual loans with an Allowance for Credit Losses Non-accrual loans without an Allowance for Credit Losses Total Non-accrual loans Amortized Cost of Loans Past due 90 days and Still Accruing Residential one-to-four family $ - $ 270 $ 270 $ - Commercial and multi-family 2,029 6,655 8,684 - Construction 2,312 1,980 4,292 - Commercial business 2,050 2,892 4,942 - Business express loans 549 - 549 - Home equity (1) - 46 46 - Total $ 6,940 $ 11,843 $ 18,783 $ - (1) Includes home equity lines of credit.
Loan Portfolio by Pass Rating	The following table summarizes the Company's loans by year of origination and internally assigned credit risk rating at September 30, 2024 and gross charge-offs for the nine months ended September 30, 2024. Loans by Year of Origination at September 30, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Loans to Term Loans Total Residential one-to-four family Pass $ 4,537 $ 16,672 $ 48,458 $ 38,274 $ 30,808 $ 97,836 $ - $ - $ 236,585 Special Mention - - 3,573 - - 483 - - 4,056 Substandard - - - 174 - 235 - - 409 Total one-to-four family $ 4,537 $ 16,672 $ 52,031 $ 38,448 $ 30,808 $ 98,554 $ - $ - $ 241,050 Commercial and multi-family Pass $ 4,796 $ 213,898 $ 729,222 $ 184,014 $ 170,664 $ 745,511 $ 3,700 $ - $ 2,051,805 Special Mention - 9,800 63,684 29,972 9,888 47,068 140 - 160,552 Substandard - - 15,631 7,418 9,134 52,346 - - 84,529 Total Commercial and multi-family $ 4,796 $ 223,698 $ 808,537 $ 221,404 $ 189,686 $ 844,925 $ 3,840 $ - $ 2,296,886 Construction Pass $ 4 $ 36,722 $ 36,031 $ 25,143 $ - $ - $ 5,710 $ - $ 103,610 Special Mention - 834 1,716 31,304 6,571 1,850 - - 42,275 Substandard - - - - 586 - - - 586 Total Construction $ 4 $ 37,556 $ 37,747 $ 56,447 $ 7,157 $ 1,850 $ 5,710 $ - $ 146,471 Commercial business Pass $ - $ 2,487 274 830 $ 4,357 $ 30,151 $ 196,086 $ 741 $ 234,926 Special Mention - - - 1,879 - 6,702 19,479 424 28,484 Substandard - - - - - 4,507 3,494 - 8,001 Loss - - - - - - 997 - 997 Total Commercial business $ - $ 2,487 $ 274 $ 2,709 $ 4,357 $ 41,360 $ 220,056 $ 1,165 $ 272,408 Business express Pass $ - $ - $ - $ - $ - $ - $ 50,282 $ 40,617 $ 90,899 Special Mention - - - - - - 3,595 1,166 4,761 Substandard - - - - - - 1,517 1,780 3,297 Total Business express $ - $ - $ - $ - $ - $ - $ 55,394 $ 43,563 $ 98,957 Home equity Pass $ 304 $ 3,828 $ 1,411 $ 515 $ 644 $ 6,050 $ 53,806 $ 673 $ 67,231 Special Mention - - - - - - - - - Substandard - - 42 - 81 - - 212 335 Total Home equity $ 304 $ 3,828 $ 1,453 $ 515 $ 725 $ 6,050 $ 53,806 $ 885 $ 67,566 Consumer Pass $ 607 $ 1,148 $ 410 $ 14 $ 98 $ 6 $ 6 $ - $ 2,289 Special Mention - - - - - - - - - Substandard - 20 - - - - - - 20 Total Consumer $ 607 $ 1,168 $ 410 $ 14 $ 98 $ 6 $ 6 $ - $ 2,309 Total Loans $ 10,248 $ 285,409 $ 900,452 $ 319,537 $ 232,831 $ 992,745 $ 338,812 $ 45,613 $ 3,125,647 Gross charge-offs $ 446 $ - $ - $ - $ - $ 567 $ 5,206 $ 181 $ 6,400 Note 7 - Loans Receivable and Allowance for Credit Losses (Continued) The following table summarizes the Company's loans by year of origination and internally assigned credit risk rating and gross charge-offs for the year ended December 31, 2023. Loans by Year of Origination at December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans to Term Loans Total Residential one-to-four family Pass $ 17,080 $ 53,623 $ 38,178 $ 31,420 $ 12,067 $ 93,764 $ - $ - $ 246,132 Special Mention - 492 91 - - - - - 583 Substandard - - 1,310 - - 270 - - 1,580 Total one-to-four family $ 17,080 $ 54,115 $ 39,579 $ 31,420 $ 12,067 $ 94,034 $ - $ - $ 248,295 Commercial and multi-family Pass $ 222,435 $ 778,076 $ 224,823 $ 214,768 $ 50,755 $ 824,375 $ 1,922 $ - $ 2,317,154 Special Mention 9,908 34,375 - - 529 4,453 140 - 49,405 Substandard - 14,931 4,023 3,575 - 45,027 - - 67,556 Total Commercial and multi-family $ 232,343 $ 827,382 $ 228,846 $ 218,343 $ 51,284 $ 873,855 $ 2,062 $ - $ 2,434,115 Construction Pass $ 21,730 $ 74,180 $ 59,564 $ 21,462 $ - $ 5,878 $ 5,710 $ - $ 188,524 Special Mention - - - - - - - - - Substandard - 1,394 - 586 - 2,312 - - 4,292 Total Construction $ 21,730 $ 75,574 $ 59,564 $ 22,048 $ - $ 8,190 $ 5,710 $ - $ 192,816 Commercial business Pass $ 3,179 $ 297 $ 2,967 $ 4,234 $ 7,080 $ 33,675 $ 201,008 $ 150 $ 252,590 Special Mention - - - - 317 830 4,410 - 5,557 Substandard - - - - - 4,703 6,424 - 11,127 Total Commercial business $ 3,179 $ 297 $ 2,967 $ 4,234 $ 7,397 $ 39,208 $ 211,842 $ 150 $ 269,274 Business express Pass $ - $ - $ - $ - $ - $ - $ 101,531 $ - $ 101,531 Special Mention - - - - - - 600 - 600 Substandard - - - - - - 797 - 797 Total Business express $ - $ - $ - $ - $ - $ - $ 102,928 $ - $ 102,928 Home equity Pass $ 5,022 $ 1,487 $ 553 $ 769 $ 1,280 $ 6,181 $ 50,111 $ 553 $ 65,956 Special Mention - - - - - - - - - Substandard - 46 - - - - 117 212 375 Total Home equity $ 5,022 $ 1,533 $ 553 $ 769 $ 1,280 $ 6,181 $ 50,228 $ 765 $ 66,331 Consumer Pass $ 1,497 $ 471 $ 1,521 $ 109 $ 39 $ - $ 6 $ - $ 3,643 Special Mention - - - - - - - - - Substandard - - - - - - - - - Total Consumer $ 1,497 $ 471 $ 1,521 $ 109 $ 39 $ - $ 6 $ - $ 3,643 Total Loans $ 280,851 $ 959,372 $ 333,030 $ 276,923 $ 72,067 $ 1,021,468 $ 372,776 $ 915 $ 3,317,402 Gross charge-offs $ - $ - $ - $ - $ - $ - $ 805 $ - $ 805

Fair Values of Financial Inst_2

Fair Values of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Values of Financial Instruments [Abstract]
Fair Value Measurements, Recurring	(Level 1) (Level 2) Quoted Prices in Significant (Level 3) Active Markets Other Significant for Identical Observable Unobservable Description Total Assets Inputs Inputs As of September 30, 2024: Securities Debt Securities Available for Sale $ 98,169 $ - $ 98,169 $ - Marketable Equities 10,133 10,133 - - Total Securities $ 108,302 $ 10,133 $ 98,169 $ - As of December 31, 2023: Securities Debt Securities Available for Sale $ 87,769 $ - $ 87,769 $ - Marketable Equities 9,093 9,093 - - Total Securities $ 96,862 $ 9,093 $ 87,769 $ -
Fair Value Measurements, Nonrecurring	(Level 1) (Level 2) Quoted Prices in Significant (Level 3) Active Markets Other Significant for Identical Observable Unobservable Description Total Assets Inputs Inputs As of September 30, 2024 Individually Evaluated Loans $ 21,326 $ - $ - $ 21,326 As of December 31, 2023: Individually Evaluated Loans $ 23,585 $ - $ - $ 23,585
Quantitative Information About Level 3 Fair Value Measurements	Quantitative Information about Level 3 Fair Value Measurements Fair Value Valuation Unobservable Estimate Techniques Input Range September 30, 2024: Individually Evaluated Loans $ 21,326 Appraisal of collateral (1) Appraisal adjustments (2) 0 %- 10 % Fair Value Valuation Unobservable Estimate Techniques Input Range December 31, 2023: Individually Evaluated Loans $ 23,585 Appraisal of collateral (1) Appraisal adjustments (2) 0 %- 10 % (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not objectively determinable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.
Carrying Values and Estimated Fair Values of Financial Instruments	As of September 30, 2024 Quoted Prices in Active Significant Significant Carrying Markets for Identical Assets Other Observable Inputs Unobservable Inputs Value Fair Value (Level 1) (Level 2) (Level 3) (In Thousands) Financial assets: Cash and cash equivalents $ 243,123 $ 243,123 $ 243,123 $ - $ - Interest-earning time deposits 735 735 - 735 - Debt securities available for sale 98,169 98,169 - 98,169 - Equity investments 10,133 10,133 10,133 - - Loans held for sale 250 250 - 250 - Loans receivable, net 3,087,914 2,987,137 - 2,987,137 - FHLB of New York stock, at cost 24,732 24,732 - 24,732 - Accrued interest receivable 16,496 16,496 - 16,496 - Financial liabilities: Deposits 2,724,580 2,726,638 1,677,703 1,048,935 - Borrowings 466,424 469,749 - 469,749 - Subordinated debentures 67,042 66,824 - 66,824 - Accrued interest payable 4,494 4,494 - 4,494 - As of December 31, 2023 Quoted Prices in Active Significant Significant Carrying Markets for Identical Assets Other Observable Inputs Unobservable Inputs Value Fair Value (Level 1) (Level 2) (Level 3) (In Thousands) Financial assets: Cash and cash equivalents $ 279,523 $ 279,523 $ 279,523 $ - $ - Interest-earning time deposits 735 735 - 735 - Debt securities available for sale 87,769 87,769 - 87,769 - Equity investments 9,093 9,093 9,093 - - Loans held for sale 1,287 1,287 - 1,287 - Loans receivable, net 3,279,708 3,112,980 - - 3,112,980 FHLB of New York stock, at cost 24,917 24,917 - 24,917 - Accrued interest receivable 16,072 16,072 - 16,072 - Financial liabilities: Deposits 2,979,080 2,978,654 2,120,514 858,140 - Debt 472,811 472,184 - 472,184 - Subordinated debentures 37,624 39,299 - 39,299 - Accrued interest payable 5,777 5,777 - 5,777 -

Lease Obligations (Tables)

Lease Obligations (Tables)	9 Months Ended
	Sep. 30, 2024
Lease Obligations [Abstract]
Schedule of Lease Information	Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Operating lease expense $ 904 $ 878 $ 2,690 $ 2,710 Variable lease expense-operating leases $ 280 $ 269 $ 829 $ 793 At September 30, 2024 At December 31, 2023 Supplemental balance sheet information related to leases: Operating Leases Operating lease right-of-use assets $ 13,438 $ 12,935 Current liabilities $ 852 $ 3,094 Operating lease liabilities (noncurrent portion) 14,487 11,526 Imputed interest ( 1,461 ) ( 1,305 ) Total operating lease liabilities $ 13,878 $ 13,315
Summary of Maturity of Lease Obligations for Operating Leases	Maturities of lease liabilities: At September 30, 2024 At December 31, 2023 Operating Leases Operating Leases One year or less $ 852 $ 3,094 Over one year through three years 6,141 5,132 Over three years through five years 4,666 3,632 Over five years 3,680 2,762 Gross operating lease liabilities $ 15,339 $ 14,620 Imputed interest ( 1,461 ) ( 1,305 ) Total operating lease liabilities $ 13,878 $ 13,315

Basis of Presentation (Narrativ

Basis of Presentation (Narrative) (Details)	9 Months Ended
	Sep. 30, 2024 item
Basis of Presentation [Abstract]
Number of locations	27

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses	$ 34,693	$ 35,243	$ 33,608	$ 31,914	$ 30,205	$ 32,373
Allowance for off balance sheet credit exposure	471	759	694	402	254
Stockholders’ equity	$ 328,113	$ 320,732	$ 314,055	$ 303,636	$ 299,623	291,254	$ 282,682	$ 271,637	$ 274,024
Effect of Adopting ASU No. 2016-13 ("CECL") [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses						(4,165)
Reserve for loans acquired						1,100
Allowance for off balance sheet credit exposure						1,266
Stockholders’ equity						$ 2,870

Equity Incentive Plans (Narrati

Equity Incentive Plans (Narrative) (Details) - USD ($)						9 Months Ended
	Apr. 25, 2024	Jun. 30, 2023	Jan. 31, 2023	Sep. 30, 2022	Jan. 12, 2022	Sep. 30, 2024	Sep. 30, 2023	Apr. 27, 2023	Apr. 26, 2018	Apr. 28, 2011
Defined Benefit Plan Disclosure [Line Items]
Expected future expenses relating to non-vested restricted shares						$ 747,000
Expected future compensation expense, weighted average period for recognition						1 year 11 months 4 days
Stock option expense						$ 107,000	$ 99,000
Restricted stock expense						$ 519,000	$ 303,000
Options [Member]
Defined Benefit Plan Disclosure [Line Items]
Shares underlying unexercised options						100,020
Expected future compensation expense, unexercised options						$ 170,000
Expected future compensation expense, weighted average period for recognition						2 years 4 months 6 days
Options exercisable - number of option shares						795,955
Restricted Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Restricted stock issued	20,000
2018 Equity Incentive Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Shares authorized for issuance									1,000,000
2023 Equity Incentive Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Shares authorized for issuance								1,000,000
2011 Stock Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Shares authorized for issuance										900,000
Directors [Member] | Restricted Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Restricted stock issued			27,000		33,000
Vesting period			4 years		4 years
Executive Officers [Member] | Restricted Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Restricted stock issued	30,000	25,252		36,000
Executive Officers [Member] | Minimum [Member] | Restricted Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Vesting period	2 years
Executive Officers [Member] | Maximum [Member] | Restricted Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Vesting period	3 years

Equity Incentive Plans (Summary

Equity Incentive Plans (Summary of Status of Restricted Shares) (Details) - $ / shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Equity Incentive Plans [Abstract]
Number of Shares Awarded, Non-vested at beginning of period	86,752	48,150
Number of Shares Awarded, Granted	50,000	52,252
Number of Shares Awarded, Vested	(50,227)	(13,650)
Number of Shares Awarded, Forfeited	(1,725)
Number of Shares Awarded, Non-vested at end of period	84,800	86,752
Weighted Average Grant Date Fair Value, Non-vested at beginning of period	$ 14.98	$ 14.83
Weighted Average Grant Date Fair Value, Granted	9.44	15.01
Weighted Average Grant Date Fair Value, Vested	13.85	14.60
Weighted Average Grant Date Fair Value, Forfeited	14.92
Weighted Average Grant Date Fair Value, Non-vested at end of period	$ 12.38	$ 14.98

Equity Incentive Plans (Summa_2

Equity Incentive Plans (Summary of Stock Option Activity) (Details) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Equity Incentive Plans [Abstract]
Outstanding, Beginning Balance - Number of Options	975,975
Options Granted - Number of Options
Options Exercised - Number of Options
Options Forfeited - Number of Options
Options Expired - Number of Options	(80,000)
Outstanding, Ending Balance - Number of Options	895,975	975,975
Outstanding, Range of Exercise Price, Lower Range Limit (per share)	$ 10.55	$ 10.55
Outstanding, Range of Exercise Price, Upper Range Limit (per share)	13.68	13.68
Options expired - Exercise prices	13.32
Outstanding Number of Options, Beginning Balance - Weighted Average Exercise Price	11.89
Number of Options Granted - Weighted Average Exercise Price
Number of Options, Exercised - Weighted Average Exercise Price
Number of Options Forfeited - Weighted Average Exercise Price
Number of Options Expired - Weighted Average Exercise Price	13.32
Outstanding Number of Options, Ending Balance - Weighted Average Exercise Price	$ 11.76	$ 11.89

Net Income per Common Share (Na

Net Income per Common Share (Narrative) (Details) - shares	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Net Income per Common Share [Abstract]
Anti-dilutive outstanding options	434,000	518,000	0	807,000	137,000	0

Net Income per Common Share (Sc

Net Income per Common Share (Schedule of Earnings per Share, Basic and Diluted) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Net Income per Common Share [Abstract]
Basic earnings per share: Income available to common stockholders	$ 6,193	$ 6,538	$ 13,218	$ 13,994	$ 22,901	$ 32,883
Diluted earnings per share: Income available to common stockholders	$ 6,193	$ 6,538	$ 13,218	$ 13,994	$ 22,901	$ 32,883
Basic earnings per share: Income available to common stockholders, Shares	17,039	16,830	16,982	16,991	16,868	16,986
Effect of dilutive securities: Stock options: Shares	25	24	374	1	83	383
Diluted earnings per share: Income available to common stockholders, Shares	17,064	16,854	17,356	16,992	16,951	17,369
Basic earnings per share: Income available to common stockholders, Per share amount	$ 0.36	$ 0.39	$ 0.78	$ 0.82	$ 1.36	$ 1.94
Diluted earnings per share: Income available to common stockholders, Per share amount	$ 0.36	$ 0.39	$ 0.76	$ 0.82	$ 1.35	$ 1.89

Securities (Summary of Disaggre

Securities (Summary of Disaggregated Net Income on Equity Securities) (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Securities [Abstract]
Net gains (losses) recognized during the period on equity securities held at the reporting date	$ 1,132	$ (436)	$ (559)	$ 1,040	$ (4,157)	$ (5,487)
Net losses recognized during the period on equity securities sold during the period		(58)			(233)	(59)
Realized and unrealized gains (losses) on equity investments during the reporting period	$ 1,132	$ (494)	$ (559)	$ 1,040	$ (4,390)	$ (5,546)

Securities (Amortized Cost and

Securities (Amortized Cost and Gross Unrealized Gains and Losses on Securities Available for Sale) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Schedule of Available-for-sale Securities [Line Items]
Debt Securities, Amortized Cost	$ 105,145	$ 97,149
Debt securities: Gross Unrealized Gains	286	192
Debt securities: Gross Unrealized Losses	7,262	9,572
Debt securities: Fair Value	98,169	87,769
Residential Mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Debt securities, More than one to five years, Amortized Cost	481	605
Debt securities, More than five to ten years, Amortized Cost	3,451	4,147
Debt securities, More than ten years, Amortized Cost	41,648	32,833
Debt Securities, Amortized Cost	45,580	37,585
Debt securities, More than ten years, Gross Unrealized Gains	246	192
Debt securities: Gross Unrealized Gains	246	192
Debt securities: More than one to five years, Gross Unrealized Losses	10	24
Debt securities: More than five to ten years, Gross Unrealized Losses	146	230
Debt securities: More than ten years, Gross Unrealized Losses	2,265	2,910
Debt securities: Gross Unrealized Losses	2,421	3,164
Debt securities: More than one to five years, Fair Value	471	581
Debt securities: More than five to ten years, Fair Value	3,305	3,917
Debt securities: More than ten years, Fair Value	39,629	30,115
Debt securities: Fair Value	43,405	34,613
Corporate Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Debt securities, More than one to five years, Amortized Cost	8,984	8,981
Debt securities, More than five to ten years, Amortized Cost	50,581	50,583
Debt Securities, Amortized Cost	59,565	59,564
Debt securities: More than five to ten years, Gross Unrealized Gains	40
Debt securities: Gross Unrealized Gains	40
Debt securities: More than one to five years, Gross Unrealized Losses	388	197
Debt securities: More than five to ten years, Gross Unrealized Losses	4,453	6,211
Debt securities: Gross Unrealized Losses	4,841	6,408
Debt securities: More than one to five years, Fair Value	8,596	8,784
Debt securities: More than five to ten years, Fair Value	46,168	44,372
Debt securities: Fair Value	$ 54,764	$ 53,156

Securities (Available for Sale

Securities (Available for Sale Securities, Continuous Unrealized Loss Position, Fair Value) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Schedule of Available-for-sale Securities [Line Items]
Debt Securities, 12 Months or Less - Fair Value		$ 5,316
Debt Securities, More than 12 Months - Fair Value	$ 76,795	74,009
Debt Securities - Total Fair Value	76,795	79,325
Debt Securities, 12 Months or Less - Unrealized Losses		98
Debt Securities, More than 12 Months - Unrealized Losses	7,262	9,474
Debt Securities - Total Unrealized Losses	7,262	9,572
Residential Mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Debt Securities, 12 Months or Less - Fair Value		5,316
Debt Securities, More than 12 Months - Fair Value	26,375	22,153
Debt Securities - Total Fair Value	26,375	27,469
Debt Securities, 12 Months or Less - Unrealized Losses		98
Debt Securities, More than 12 Months - Unrealized Losses	2,421	3,066
Debt Securities - Total Unrealized Losses	2,421	3,164
Corporate Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Debt Securities, More than 12 Months - Fair Value	50,420	51,856
Debt Securities - Total Fair Value	50,420	51,856
Debt Securities, More than 12 Months - Unrealized Losses	4,841	6,408
Debt Securities - Total Unrealized Losses	$ 4,841	$ 6,408

Loans Receivable and Allowanc_3

Loans Receivable and Allowance for Credit Losses (Narrative) (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	$ 3,125,647,000	$ 3,317,402,000	$ 3,322,139,000
Financing Receivable, Nonaccrual, Interest Income	5,000,000	1,900,000
Loans returned to accrual, interest income	1,100,000	314,000
Amortized Cost Of Loans Past Due 90 Days And Still Accruing	6,220,000	0
Business Express [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	98,957,000	$ 102,928,000	$ 101,258,000
Amortized Cost Of Loans Past Due 90 Days And Still Accruing	387,000
Business Express [Member] | Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	$ 250,000

Loans Receivable and Allowanc_4

Loans Receivable and Allowance for Credit Losses (Recorded Investment in Loans Receivable) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	$ 3,125,647		$ 3,317,402	$ 3,322,139
Deferred loan fees, net	(3,040)		(4,086)
Allowance for credit losses	(34,693)	$ (35,243)	(33,608)	(31,914)	$ (30,205)	$ (32,373)
Total Loans, net	3,087,914		3,279,708
Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	241,050		248,295	251,845
Allowance for credit losses	(2,077)	(2,039)	(2,344)	(2,444)	(2,453)	(2,474)
Commercial & Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	2,296,886		2,434,115	2,444,887
Allowance for credit losses	(13,536)	(14,907)	(16,301)	(14,450)	(15,045)	(21,749)
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	146,471		192,816	185,202
Allowance for credit losses	(2,376)	(2,872)	(3,841)	(4,663)	(4,090)	(2,094)
Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	272,408		269,274	269,254
Allowance for credit losses	(8,876)	(8,323)	(5,811)	(8,166)	(5,379)	(4,495)
Business Express [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	98,957		102,928	101,258
Allowance for credit losses	(7,142)	(6,444)	(4,542)	(1,485)	(2,485)	(872)
Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	67,566		66,331	66,046
Allowance for credit losses	(645)	(635)	(691)	(668)	(722)	(485)
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	2,309		3,643	3,647
Allowance for credit losses	$ (41)	$ (23)	$ (78)	$ (38)	$ (31)	$ (24)

Loans Receivable and Allowanc_5

Loans Receivable and Allowance for Credit Losses (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended						12 Months Ended
	Sep. 30, 2024		Sep. 30, 2023		Sep. 30, 2024		Sep. 30, 2023		Sep. 30, 2022	[1]	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance	$ 35,243		$ 30,205		$ 33,608		$ 32,373				$ 32,373
Allowance for credit losses: Charge-offs	(3,471)		(515)		(6,400)		(555)				(805)
Allowance for credit losses: Recoveries	31		19		69		84				101
Provision (benefit) for credit losses	2,890	[1]	2,205	[1]	7,416	[1]	4,177	[1]	$ (2,575)		6,104
Allowance for credit losses: Ending balance: individually evaluated	6,068		2,772		6,068		2,772				4,229
Allowance for credit losses: Ending balance: collectively evaluated	28,625		29,142		28,625		29,142				29,379
Allowance for credit losses: Ending Balance	34,693		31,914		34,693		31,914				33,608
Loans receivables: Ending balance: individually evaluated	66,048		35,868		66,048		35,868				54,019
Loans receivables: Ending balance: collectively evaluated	3,059,599		3,286,271		3,059,599		3,286,271				3,263,383
Total Gross Loans	3,125,647		3,322,139		3,125,647		3,322,139				3,317,402
Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance	2,039		2,453		2,344		2,474				2,474
Allowance for credit losses: Charge-offs
Allowance for credit losses: Recoveries	8		14		33		38				45
Provision (benefit) for credit losses	30		(23)		(300)		(212)				(319)
Allowance for credit losses: Ending balance: individually evaluated
Allowance for credit losses: Ending balance: collectively evaluated	2,077		2,444		2,077		2,444				2,344
Allowance for credit losses: Ending Balance	2,077		2,444		2,077		2,444				2,344
Loans receivables: Ending balance: individually evaluated	235		355		235		355				444
Loans receivables: Ending balance: collectively evaluated	240,815		251,490		240,815		251,490				247,851
Total Gross Loans	241,050		251,845		241,050		251,845				248,295
Commercial & Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance	14,907		15,045		16,301		21,749				21,749
Allowance for credit losses: Charge-offs
Allowance for credit losses: Recoveries
Provision (benefit) for credit losses	(1,371)		(595)		(2,765)		(176)				1,675
Allowance for credit losses: Ending balance: individually evaluated	971				971						990
Allowance for credit losses: Ending balance: collectively evaluated	12,565		14,450		12,565		14,450				15,311
Allowance for credit losses: Ending Balance	13,536		14,450		13,536		14,450				16,301
Loans receivables: Ending balance: individually evaluated	56,869		23,843		56,869		23,843				42,259
Loans receivables: Ending balance: collectively evaluated	2,240,017		2,421,044		2,240,017		2,421,044				2,391,856
Total Gross Loans	2,296,886		2,444,887		2,296,886		2,444,887				2,434,115
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance	2,872		4,090		3,841		2,094				2,094
Allowance for credit losses: Charge-offs
Allowance for credit losses: Recoveries
Provision (benefit) for credit losses	(496)		573		(1,465)		1,182				360
Allowance for credit losses: Ending balance: individually evaluated			608				608				310
Allowance for credit losses: Ending balance: collectively evaluated	2,376		4,055		2,376		4,055				3,531
Allowance for credit losses: Ending Balance	2,376		4,663		2,376		4,663				3,841
Loans receivables: Ending balance: individually evaluated	586		4,931		586		4,931				4,292
Loans receivables: Ending balance: collectively evaluated	145,885		180,271		145,885		180,271				188,524
Total Gross Loans	146,471		185,202		146,471		185,202				192,816
Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance	8,323		5,379		5,811		4,495				4,495
Allowance for credit losses: Charge-offs					(567)		(1)
Allowance for credit losses: Recoveries	22		5		27		30				29
Provision (benefit) for credit losses	531		2,782		3,605		1,908				(447)
Allowance for credit losses: Ending balance: individually evaluated	2,025		1,914		2,025		1,914				2,132
Allowance for credit losses: Ending balance: collectively evaluated	6,851		6,252		6,851		6,252				3,679
Allowance for credit losses: Ending Balance	8,876		8,166		8,876		8,166				5,811
Loans receivables: Ending balance: individually evaluated	4,993		6,277		4,993		6,277				6,015
Loans receivables: Ending balance: collectively evaluated	267,415		262,977		267,415		262,977				263,259
Total Gross Loans	272,408		269,254		272,408		269,254				269,274
Business Express [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance	6,444		2,485		4,542		872				872
Allowance for credit losses: Charge-offs	(3,471)		(515)		(5,387)		(554)				(805)
Allowance for credit losses: Recoveries	1				9						11
Provision (benefit) for credit losses	4,168		(485)		7,978		1,483				4,780
Allowance for credit losses: Ending balance: individually evaluated	3,052		250		3,052		250				797
Allowance for credit losses: Ending balance: collectively evaluated	4,090		1,235		4,090		1,235				3,745
Allowance for credit losses: Ending Balance	7,142		1,485		7,142		1,485				4,542
Loans receivables: Ending balance: individually evaluated	3,052		250		3,052		250				797
Loans receivables: Ending balance: collectively evaluated	95,905		101,008		95,905		101,008				102,131
Total Gross Loans	98,957		101,258		98,957		101,258				102,928
Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance	635		722		691		485				485
Allowance for credit losses: Charge-offs
Allowance for credit losses: Recoveries							16				16
Provision (benefit) for credit losses	10		(54)		(46)		(15)				8
Allowance for credit losses: Ending balance: individually evaluated
Allowance for credit losses: Ending balance: collectively evaluated	645		668		645		668				691
Allowance for credit losses: Ending Balance	645		668		645		668				691
Loans receivables: Ending balance: individually evaluated	293		212		293		212				212
Loans receivables: Ending balance: collectively evaluated	67,273		65,834		67,273		65,834				66,119
Total Gross Loans	67,566		66,046		67,566		66,046				66,331
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance	23		31		78		24				24
Allowance for credit losses: Charge-offs					(446)
Allowance for credit losses: Recoveries
Provision (benefit) for credit losses	18		7		409		7				47
Allowance for credit losses: Ending balance: individually evaluated	20				20
Allowance for credit losses: Ending balance: collectively evaluated	21		38		21		38				78
Allowance for credit losses: Ending Balance	41		38		41		38				78
Loans receivables: Ending balance: individually evaluated	20				20
Loans receivables: Ending balance: collectively evaluated	2,289		3,647		2,289		3,647				3,643
Total Gross Loans	$ 2,309		$ 3,647		$ 2,309		3,647				3,643
Unallocated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance							180				180
Effect of Adopting ASU No. 2016-13 ("CECL") [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance							(4,165)				(4,165)
Effect of Adopting ASU No. 2016-13 ("CECL") [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance							144				144
Effect of Adopting ASU No. 2016-13 ("CECL") [Member] | Commercial & Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance							(7,123)				(7,123)
Effect of Adopting ASU No. 2016-13 ("CECL") [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance							1,387				1,387
Effect of Adopting ASU No. 2016-13 ("CECL") [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance							1,734				1,734
Effect of Adopting ASU No. 2016-13 ("CECL") [Member] | Business Express [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance							(316)				(316)
Effect of Adopting ASU No. 2016-13 ("CECL") [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance							182				182
Effect of Adopting ASU No. 2016-13 ("CECL") [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance							7				7
Effect of Adopting ASU No. 2016-13 ("CECL") [Member] | Unallocated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance							(180)				(180)
Adjusted Balance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance							28,208				28,208
Adjusted Balance [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance							2,618				2,618
Adjusted Balance [Member] | Commercial & Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance							14,626				14,626
Adjusted Balance [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance							3,481				3,481
Adjusted Balance [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance							6,229				6,229
Adjusted Balance [Member] | Business Express [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance							556				556
Adjusted Balance [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance							667				667
Adjusted Balance [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses: Beginning Balance							$ 31				$ 31
[1] The Company adopted ASU 2016-13 as of January 1, 2023. Prior year periods have not been restated.

Loans Receivable and Allowanc_6

Loans Receivable and Allowance for Credit Losses (Allowance for Credit Losses on Off-Balance Sheet Exposures) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for Credit Losses on Off-Balance Sheet Exposures: Beginning Balance	$ 759	$ 254	$ 694
Allowance for Benefit for credit losses on Off-Balance Sheet Exposures: Benefit for credit losses	(288)	148	(223)	$ (864)
Allowance for Credit Losses on Off-Balance Sheet Exposures: Ending Balance	$ 471	$ 402	$ 471	402
Effect of Adopting ASU No. 2016-13 ("CECL") [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for Credit Losses on Off-Balance Sheet Exposures: Beginning Balance				$ 1,266

Loans Receivable and Allowanc_7

Loans Receivable and Allowance for Credit Losses (Delinquency Status of Total Loans) (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	$ 3,125,647,000	$ 3,317,402,000	$ 3,322,139,000
Loans Receivable >90 Days and Accruing	6,220,000	0
Total Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	71,800,000	32,654,000
30 To 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	33,450,000	15,338,000
60 To 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	4,645,000	8,487,000
Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	33,705,000	8,829,000
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	3,053,847,000	3,284,748,000
Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	241,050,000	248,295,000	251,845,000
Commercial & Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	2,296,886,000	2,434,115,000	2,444,887,000
Loans Receivable >90 Days and Accruing	5,520,000
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	146,471,000	192,816,000	185,202,000
Loans Receivable >90 Days and Accruing	313,000
Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	272,408,000	269,274,000	269,254,000
Business Express [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	98,957,000	102,928,000	101,258,000
Loans Receivable >90 Days and Accruing	387,000
Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	67,566,000	66,331,000	66,046,000
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	2,309,000	3,643,000	$ 3,647,000
Originated loans [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	241,050,000	248,295,000
Loans Receivable >90 Days and Accruing
Originated loans [Member] | Residential [Member] | Total Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	5,675,000	4,971,000
Originated loans [Member] | Residential [Member] | 30 To 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	4,972,000	4,701,000
Originated loans [Member] | Residential [Member] | 60 To 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	391,000
Originated loans [Member] | Residential [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	312,000	270,000
Originated loans [Member] | Residential [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	235,375,000	243,324,000
Originated loans [Member] | Commercial & Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	2,296,886,000	2,434,115,000
Loans Receivable >90 Days and Accruing	5,520,000
Originated loans [Member] | Commercial & Multi-family [Member] | Total Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	40,604,000	16,571,000
Originated loans [Member] | Commercial & Multi-family [Member] | 30 To 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	10,905,000	1,853,000
Originated loans [Member] | Commercial & Multi-family [Member] | 60 To 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	308,000	7,876,000
Originated loans [Member] | Commercial & Multi-family [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	29,391,000	6,842,000
Originated loans [Member] | Commercial & Multi-family [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	2,256,282,000	2,417,544,000
Originated loans [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	146,471,000	192,816,000
Loans Receivable >90 Days and Accruing	313,000
Originated loans [Member] | Construction [Member] | Total Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	586,000	4,227,000
Originated loans [Member] | Construction [Member] | 30 To 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable		3,641,000
Originated loans [Member] | Construction [Member] | 60 To 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable
Originated loans [Member] | Construction [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	586,000	586,000
Originated loans [Member] | Construction [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	145,885,000	188,589,000
Originated loans [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	272,407,000	269,274,000
Loans Receivable >90 Days and Accruing
Originated loans [Member] | Commercial Business [Member] | Total Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	8,613,000	3,757,000
Originated loans [Member] | Commercial Business [Member] | 30 To 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	5,512,000	2,314,000
Originated loans [Member] | Commercial Business [Member] | 60 To 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	155,000	362,000
Originated loans [Member] | Commercial Business [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	2,946,000	1,081,000
Originated loans [Member] | Commercial Business [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	263,794,000	265,517,000
Originated loans [Member] | Business Express [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	98,957,000	102,928,000
Loans Receivable >90 Days and Accruing	387,000
Originated loans [Member] | Business Express [Member] | Total Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	13,913,000	2,221,000
Originated loans [Member] | Business Express [Member] | 30 To 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	9,776,000	1,922,000
Originated loans [Member] | Business Express [Member] | 60 To 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	3,750,000	249,000
Originated loans [Member] | Business Express [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	387,000	50,000
Originated loans [Member] | Business Express [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	85,044,000	100,707,000
Originated loans [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	67,566,000	66,331,000
Loans Receivable >90 Days and Accruing
Originated loans [Member] | Home Equity [Member] | Total Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	2,407,000	907,000
Originated loans [Member] | Home Equity [Member] | 30 To 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	2,285,000	907,000
Originated loans [Member] | Home Equity [Member] | 60 To 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	41,000
Originated loans [Member] | Home Equity [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	81,000
Originated loans [Member] | Home Equity [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	65,159,000	65,424,000
Originated loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	2,309,000	3,643,000
Loans Receivable >90 Days and Accruing
Originated loans [Member] | Consumer [Member] | Total Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	2,000
Originated loans [Member] | Consumer [Member] | 30 To 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable
Originated loans [Member] | Consumer [Member] | 60 To 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable
Originated loans [Member] | Consumer [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	2,000
Originated loans [Member] | Consumer [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	$ 2,307,000	$ 3,643,000

Loans Receivable and Allowanc_8

Loans Receivable and Allowance for Credit Losses (Amortized Cost of Loans Modified) (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024 USD ($) item	Sep. 30, 2024 USD ($) item
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number | item		195
Financing Receivable		$ 43,201
% of Total Class of Financing Receivable		1.38%
Payment Deferral [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable		$ 174
Extended Maturity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable		$ 43,027
Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number | item		1
Financing Receivable		$ 174
% of Total Class of Financing Receivable		0.07%
Residential [Member] | Payment Deferral [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable		$ 174
Business Express [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number | item	114	194
Financing Receivable	$ 25,688	$ 43,027
% of Total Class of Financing Receivable	25.96%	43.48%
Business Express [Member] | Extended Maturity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable	$ 25,688	$ 43,027

Loans Receivable and Allowanc_9

Loans Receivable and Allowance for Credit Losses (Loans Modifications) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 35,330	$ 18,783
Total Principal	43,201
Total Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	197
30 To 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	249
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	42,755
Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	410	270
Total Principal	174
Residential [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	174
Business Express [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	197	$ 549
Total Principal	43,027
Business Express [Member] | Total Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	197
Business Express [Member] | 30 To 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	249
Business Express [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 42,581

Loans Receivable and Allowan_10

Loans Receivable and Allowance for Credit Losses (Non-Accruing Loans) (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans with an Allowance for Credit Losses	$ 11,855,000	$ 6,940,000
Non-accrual loans with an Allowance for Credit Losses	23,475,000	11,843,000
Non-accrual loans	35,330,000	18,783,000
Amortized Cost Of Loans Past Due 90 Days And Still Accruing	6,220,000	0
Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans with an Allowance for Credit Losses	174,000
Non-accrual loans with an Allowance for Credit Losses	236,000	270,000
Non-accrual loans	410,000	270,000
Commercial & Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans with an Allowance for Credit Losses	5,853,000	2,029,000
Non-accrual loans with an Allowance for Credit Losses	21,840,000	6,655,000
Non-accrual loans	27,693,000	8,684,000
Amortized Cost Of Loans Past Due 90 Days And Still Accruing	5,520,000
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans with an Allowance for Credit Losses		2,312,000
Non-accrual loans with an Allowance for Credit Losses	586,000	1,980,000
Non-accrual loans	586,000	4,292,000
Amortized Cost Of Loans Past Due 90 Days And Still Accruing	313,000
Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans with an Allowance for Credit Losses	5,766,000	2,050,000
Non-accrual loans with an Allowance for Credit Losses	535,000	2,892,000
Non-accrual loans	6,301,000	4,942,000
Business Express [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans with an Allowance for Credit Losses		549,000
Non-accrual loans with an Allowance for Credit Losses	197,000
Non-accrual loans	197,000	549,000
Amortized Cost Of Loans Past Due 90 Days And Still Accruing	387,000
Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans with an Allowance for Credit Losses	42,000
Non-accrual loans with an Allowance for Credit Losses	81,000	46,000
Non-accrual loans	123,000	$ 46,000
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans with an Allowance for Credit Losses	20,000
Non-accrual loans	$ 20,000

Loans Receivable and Allowan_11

Loans Receivable and Allowance for Credit Losses (Loan Portfolio by Pass Rating) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Current Fiscal Year	$ 10,248		$ 10,248		$ 280,851
Total Loans, Fiscal Year Before Latest Fiscal Year	285,409		285,409		959,372
Total Loans, Two Years Before Latest Fiscal Year	900,452		900,452		333,030
Total Loans, Three Years Before Latest Fiscal Year	319,537		319,537		276,923
Total Loans, Four Years Before Latest Fiscal Year	232,831		232,831		72,067
Total Loans, Prior	992,745		992,745		1,021,468
Total Loans, Revolving Loans	338,812		338,812		372,776
Total Loans, Revolving Loans to Term Loans	45,613		45,613		915
Total Gross Loans	3,125,647	$ 3,322,139	3,125,647	$ 3,322,139	3,317,402
Gross Charge-Offs, Current Fiscal Year			446
Prior, Gross charge-offs			567
Revolving Loans, Gross Charge Writeoff			5,206		805
Revolving Loans to Term Loans			181
Gross Charge-Offs	3,471	515	6,400	555	805
Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Current Fiscal Year	4,537		4,537		17,080
Total Loans, Fiscal Year Before Latest Fiscal Year	16,672		16,672		54,115
Total Loans, Two Years Before Latest Fiscal Year	52,031		52,031		39,579
Total Loans, Three Years Before Latest Fiscal Year	38,448		38,448		31,420
Total Loans, Four Years Before Latest Fiscal Year	30,808		30,808		12,067
Total Loans, Prior	98,554		98,554		94,034
Total Gross Loans	241,050	251,845	241,050	251,845	248,295
Gross Charge-Offs
Residential [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Current Fiscal Year	4,537		4,537		17,080
Total Loans, Fiscal Year Before Latest Fiscal Year	16,672		16,672		53,623
Total Loans, Two Years Before Latest Fiscal Year	48,458		48,458		38,178
Total Loans, Three Years Before Latest Fiscal Year	38,274		38,274		31,420
Total Loans, Four Years Before Latest Fiscal Year	30,808		30,808		12,067
Total Loans, Prior	97,836		97,836		93,764
Total Gross Loans	236,585		236,585		246,132
Residential [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Fiscal Year Before Latest Fiscal Year					492
Total Loans, Two Years Before Latest Fiscal Year	3,573		3,573		91
Total Loans, Prior	483		483
Total Gross Loans	4,056		4,056		583
Residential [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Two Years Before Latest Fiscal Year					1,310
Total Loans, Three Years Before Latest Fiscal Year	174		174
Total Loans, Prior	235		235		270
Total Gross Loans	409		409		1,580
Commercial & Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Current Fiscal Year	4,796		4,796		232,343
Total Loans, Fiscal Year Before Latest Fiscal Year	223,698		223,698		827,382
Total Loans, Two Years Before Latest Fiscal Year	808,537		808,537		228,846
Total Loans, Three Years Before Latest Fiscal Year	221,404		221,404		218,343
Total Loans, Four Years Before Latest Fiscal Year	189,686		189,686		51,284
Total Loans, Prior	844,925		844,925		873,855
Total Loans, Revolving Loans	3,840		3,840		2,062
Total Gross Loans	2,296,886	2,444,887	2,296,886	2,444,887	2,434,115
Gross Charge-Offs
Commercial & Multi-family [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Current Fiscal Year	4,796		4,796		222,435
Total Loans, Fiscal Year Before Latest Fiscal Year	213,898		213,898		778,076
Total Loans, Two Years Before Latest Fiscal Year	729,222		729,222		224,823
Total Loans, Three Years Before Latest Fiscal Year	184,014		184,014		214,768
Total Loans, Four Years Before Latest Fiscal Year	170,664		170,664		50,755
Total Loans, Prior	745,511		745,511		824,375
Total Loans, Revolving Loans	3,700		3,700		1,922
Total Gross Loans	2,051,805		2,051,805		2,317,154
Commercial & Multi-family [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Current Fiscal Year					9,908
Total Loans, Fiscal Year Before Latest Fiscal Year	9,800		9,800		34,375
Total Loans, Two Years Before Latest Fiscal Year	63,684		63,684
Total Loans, Three Years Before Latest Fiscal Year	29,972		29,972
Total Loans, Four Years Before Latest Fiscal Year	9,888		9,888		529
Total Loans, Prior	47,068		47,068		4,453
Total Loans, Revolving Loans	140		140		140
Total Gross Loans	160,552		160,552		49,405
Commercial & Multi-family [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Fiscal Year Before Latest Fiscal Year					14,931
Total Loans, Two Years Before Latest Fiscal Year	15,631		15,631		4,023
Total Loans, Three Years Before Latest Fiscal Year	7,418		7,418		3,575
Total Loans, Four Years Before Latest Fiscal Year	9,134		9,134
Total Loans, Prior	52,346		52,346		45,027
Total Gross Loans	84,529		84,529		67,556
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Current Fiscal Year	4		4		21,730
Total Loans, Fiscal Year Before Latest Fiscal Year	37,556		37,556		75,574
Total Loans, Two Years Before Latest Fiscal Year	37,747		37,747		59,564
Total Loans, Three Years Before Latest Fiscal Year	56,447		56,447		22,048
Total Loans, Four Years Before Latest Fiscal Year	7,157		7,157
Total Loans, Prior	1,850		1,850		8,190
Total Loans, Revolving Loans	5,710		5,710		5,710
Total Gross Loans	146,471	185,202	146,471	185,202	192,816
Gross Charge-Offs
Construction [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Current Fiscal Year	4		4		21,730
Total Loans, Fiscal Year Before Latest Fiscal Year	36,722		36,722		74,180
Total Loans, Two Years Before Latest Fiscal Year	36,031		36,031		59,564
Total Loans, Three Years Before Latest Fiscal Year	25,143		25,143		21,462
Total Loans, Prior					5,878
Total Loans, Revolving Loans	5,710		5,710		5,710
Total Gross Loans	103,610		103,610		188,524
Construction [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Fiscal Year Before Latest Fiscal Year	834		834
Total Loans, Two Years Before Latest Fiscal Year	1,716		1,716
Total Loans, Three Years Before Latest Fiscal Year	31,304		31,304
Total Loans, Four Years Before Latest Fiscal Year	6,571		6,571
Total Loans, Prior	1,850		1,850
Total Gross Loans	42,275		42,275
Construction [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Fiscal Year Before Latest Fiscal Year					1,394
Total Loans, Three Years Before Latest Fiscal Year					586
Total Loans, Four Years Before Latest Fiscal Year	586		586
Total Loans, Prior					2,312
Total Gross Loans	586		586		4,292
Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Current Fiscal Year					3,179
Total Loans, Fiscal Year Before Latest Fiscal Year	2,487		2,487		297
Total Loans, Two Years Before Latest Fiscal Year	274		274		2,967
Total Loans, Three Years Before Latest Fiscal Year	2,709		2,709		4,234
Total Loans, Four Years Before Latest Fiscal Year	4,357		4,357		7,397
Total Loans, Prior	41,360		41,360		39,208
Total Loans, Revolving Loans	220,056		220,056		211,842
Total Loans, Revolving Loans to Term Loans	1,165		1,165		150
Total Gross Loans	272,408	269,254	272,408	269,254	269,274
Gross Charge-Offs			567	1
Commercial Business [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Current Fiscal Year					3,179
Total Loans, Fiscal Year Before Latest Fiscal Year	2,487		2,487		297
Total Loans, Two Years Before Latest Fiscal Year	274		274		2,967
Total Loans, Three Years Before Latest Fiscal Year	830		830		4,234
Total Loans, Four Years Before Latest Fiscal Year	4,357		4,357		7,080
Total Loans, Prior	30,151		30,151		33,675
Total Loans, Revolving Loans	196,086		196,086		201,008
Total Loans, Revolving Loans to Term Loans	741		741		150
Total Gross Loans	234,926		234,926		252,590
Commercial Business [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Three Years Before Latest Fiscal Year	1,879		1,879
Total Loans, Four Years Before Latest Fiscal Year					317
Total Loans, Prior	6,702		6,702		830
Total Loans, Revolving Loans	19,479		19,479		4,410
Total Loans, Revolving Loans to Term Loans	424		424
Total Gross Loans	28,484		28,484		5,557
Commercial Business [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Prior	4,507		4,507		4,703
Total Loans, Revolving Loans	3,494		3,494		6,424
Total Gross Loans	8,001		8,001		11,127
Commercial Business [Member] | Loss [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Revolving Loans	997		997
Total Gross Loans	997		997
Business Express [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Revolving Loans	55,394		55,394		102,928
Total Loans, Revolving Loans to Term Loans	43,563		43,563
Total Gross Loans	98,957	101,258	98,957	101,258	102,928
Gross Charge-Offs	3,471	515	5,387	554	805
Business Express [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Revolving Loans	50,282		50,282		101,531
Total Loans, Revolving Loans to Term Loans	40,617		40,617
Total Gross Loans	90,899		90,899		101,531
Business Express [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Revolving Loans	3,595		3,595		600
Total Loans, Revolving Loans to Term Loans	1,166		1,166
Total Gross Loans	4,761		4,761		600
Business Express [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Revolving Loans	1,517		1,517		797
Total Loans, Revolving Loans to Term Loans	1,780		1,780
Total Gross Loans	3,297		3,297		797
Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Current Fiscal Year	304		304		5,022
Total Loans, Fiscal Year Before Latest Fiscal Year	3,828		3,828		1,533
Total Loans, Two Years Before Latest Fiscal Year	1,453		1,453		553
Total Loans, Three Years Before Latest Fiscal Year	515		515		769
Total Loans, Four Years Before Latest Fiscal Year	725		725		1,280
Total Loans, Prior	6,050		6,050		6,181
Total Loans, Revolving Loans	53,806		53,806		50,228
Total Loans, Revolving Loans to Term Loans	885		885		765
Total Gross Loans	67,566	66,046	67,566	66,046	66,331
Gross Charge-Offs
Home Equity [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Current Fiscal Year	304		304		5,022
Total Loans, Fiscal Year Before Latest Fiscal Year	3,828		3,828		1,487
Total Loans, Two Years Before Latest Fiscal Year	1,411		1,411		553
Total Loans, Three Years Before Latest Fiscal Year	515		515		769
Total Loans, Four Years Before Latest Fiscal Year	644		644		1,280
Total Loans, Prior	6,050		6,050		6,181
Total Loans, Revolving Loans	53,806		53,806		50,111
Total Loans, Revolving Loans to Term Loans	673		673		553
Total Gross Loans	67,231		67,231		65,956
Home Equity [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Fiscal Year Before Latest Fiscal Year					46
Total Loans, Two Years Before Latest Fiscal Year	42		42
Total Loans, Four Years Before Latest Fiscal Year	81		81
Total Loans, Revolving Loans					117
Total Loans, Revolving Loans to Term Loans	212		212		212
Total Gross Loans	335		335		375
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Current Fiscal Year	607		607		1,497
Total Loans, Fiscal Year Before Latest Fiscal Year	1,168		1,168		471
Total Loans, Two Years Before Latest Fiscal Year	410		410		1,521
Total Loans, Three Years Before Latest Fiscal Year	14		14		109
Total Loans, Four Years Before Latest Fiscal Year	98		98		39
Total Loans, Prior	6		6
Total Loans, Revolving Loans	6		6		6
Total Gross Loans	2,309	$ 3,647	2,309	$ 3,647	3,643
Gross Charge-Offs			446
Consumer [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Current Fiscal Year	607		607		1,497
Total Loans, Fiscal Year Before Latest Fiscal Year	1,148		1,148		471
Total Loans, Two Years Before Latest Fiscal Year	410		410		1,521
Total Loans, Three Years Before Latest Fiscal Year	14		14		109
Total Loans, Four Years Before Latest Fiscal Year	98		98		39
Total Loans, Prior	6		6
Total Loans, Revolving Loans	6		6		6
Total Gross Loans	2,289		2,289		$ 3,643
Consumer [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans, Fiscal Year Before Latest Fiscal Year	20		20
Total Gross Loans	$ 20		$ 20

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($)						3 Months Ended				9 Months Ended			12 Months Ended
	Sep. 25, 2024	Jun. 21, 2024	Mar. 29, 2024	Dec. 14, 2023	Sep. 14, 2023	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023
Stockholders' Equity Note [Line Items]
Preferred stock, par value per share						$ 0.01	$ 0.01			$ 0.01			$ 0.01
Preferred stock redeemed, value								$ 220,000			$ 220,000	$ 14,730,000
Series H Preferred Stock [Member]
Stockholders' Equity Note [Line Items]
Preferred stock, dividend rate					3.50%		3.50%	3.50%	3.50%		3.50%	3.50%
Preferred stock redeemed, shares					22		1,101
Preferred stock, redemption price					$ 10,000		$ 10,000						$ 10,000
Preferred stock redeemed, value					$ 220,000		$ 11,000,000
Series J Preferred Stock [Member]
Stockholders' Equity Note [Line Items]
Preferred stock, par value per share	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Preferred stock, dividend rate						8%				8%			8%
Proceeds from issuance of private placement	$ 1,360,000	$ 670,000	$ 2,690,000	$ 15,270,000
Shares issued	136	67	269	1,527

Bank-Owned Life Insurance (Narr

Bank-Owned Life Insurance (Narrative) (Details) $ in Millions	Sep. 30, 2024 USD ($)
Bank-Owned Life Insurance [Abstract]
Bank owned life insurance, amount	$ 75.4

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($)	9 Months Ended			12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment loss	$ 0			$ 0
Core Deposit Intangibles [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense	0	$ 94,000	$ 37,000
Intangible assets, net	0	35,000
Goodwill	$ 5,200,000	$ 5,200,000
Intangible asset, useful life	10 years

Fair Values of Financial Inst_3

Fair Values of Financial Instruments (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers between fair value hierarchy	$ 0	$ 0	$ 0	$ 0
Total Loans Receivable	3,125,647,000	3,322,139,000	3,125,647,000	3,322,139,000	$ 3,317,402,000
Allowance for credit losses	34,693,000	$ 31,914,000	34,693,000	$ 31,914,000	33,608,000	$ 35,243,000	$ 30,205,000	$ 32,373,000
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	0		0		0
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	0		0
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Losses (recoveries) on impaired loans	3,300,000				1,400,000
(Level 3) Significant Unobservable Inputs [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Loans Receivable	27,400,000		27,400,000		27,800,000
Allowance for credit losses	$ 6,100,000		$ 6,100,000		$ 4,200,000

Fair Values of Financial Inst_4

Fair Values of Financial Instruments (Fair Value Measurements, Recurring) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities Available for Sale	$ 98,169	$ 87,769
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities Available for Sale	98,169	87,769
Marketable Equities	10,133	9,093
Total Securities	108,302	96,862
(Level 1) Quoted Prices In Active Markets For Identical Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities Available for Sale
Marketable Equities	10,133	9,093
(Level 1) Quoted Prices In Active Markets For Identical Assets [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities Available for Sale
Marketable Equities	10,133	9,093
Total Securities	10,133	9,093
(Level 2) Significant Other Observable Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities Available for Sale	98,169	87,769
Marketable Equities
(Level 2) Significant Other Observable Inputs [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities Available for Sale	98,169	87,769
Marketable Equities
Total Securities	$ 98,169	$ 87,769

Fair Values of Financial Inst_5

Fair Values of Financial Instruments (Fair Value Measurements, Nonrecurring) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
(Level 1) Quoted Prices In Active Markets For Identical Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale
(Level 2) Significant Other Observable Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	250	1,287
(Level 3) Significant Unobservable Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually Evaluated Loans	21,326	23,585
Individually Evaluated Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually Evaluated Loans	21,326	23,585
Individually Evaluated Loans [Member] | (Level 1) Quoted Prices In Active Markets For Identical Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually Evaluated Loans
Individually Evaluated Loans [Member] | (Level 2) Significant Other Observable Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually Evaluated Loans
Individually Evaluated Loans [Member] | (Level 3) Significant Unobservable Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually Evaluated Loans	$ 21,326	$ 23,585

Fair Values of Financial Inst_6

Fair Values of Financial Instruments (Quantitative Information About Level 3 Fair Value Measurements) (Details) - (Level 3) Significant Unobservable Inputs [Member] $ in Thousands	Sep. 30, 2024 USD ($) item	Dec. 31, 2023 USD ($) item
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually Evaluated Loans | $	$ 21,326	$ 23,585
Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually Evaluated Loans, Range	0	0
Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually Evaluated Loans, Range	0.10	0.10

Fair Values of Financial Inst_7

Fair Values of Financial Instruments (Carrying Values and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities available for sale	$ 98,169	$ 87,769
Carrying Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	243,123	279,523
Interest-earning time deposits	735	735
Debt securities available for sale	98,169	87,769
Equity investments	10,133	9,093
Loans held for sale	250	1,287
Loans receivable, net	3,087,914	3,279,708
FHLB of New York stock, at cost	24,732	24,917
Accrued interest receivable	16,496	16,072
Deposits	2,724,580	2,979,080
Debt	466,424	472,811
Subordinated debentures	67,042	37,624
Accrued interest payable	4,494	5,777
Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	243,123	279,523
Interest-earning time deposits	735	735
Debt securities available for sale	98,169	87,769
Equity investments	10,133	9,093
Loans held for sale	250	1,287
Loans receivable, net	2,987,137	3,112,980
FHLB of New York stock, at cost	24,732	24,917
Accrued interest receivable	16,496	16,072
Deposits	2,726,638	2,978,654
Debt	469,749	472,184
Subordinated debentures	66,824	39,299
Accrued interest payable	4,494	5,777
(Level 1) Quoted Prices In Active Markets For Identical Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	243,123	279,523
Interest-earning time deposits
Debt securities available for sale
Equity investments	10,133	9,093
Loans held for sale
Loans receivable, net
FHLB of New York stock, at cost
Accrued interest receivable
Deposits	1,677,703	2,120,514
Debt
Subordinated debentures
Accrued interest payable
(Level 2) Significant Other Observable Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents
Interest-earning time deposits	735	735
Debt securities available for sale	98,169	87,769
Equity investments
Loans held for sale	250	1,287
Loans receivable, net	2,987,137
FHLB of New York stock, at cost	24,732	24,917
Accrued interest receivable	16,496	16,072
Deposits	1,048,935	858,140
Debt	469,749	472,184
Subordinated debentures	66,824	39,299
Accrued interest payable	$ 4,494	5,777
(Level 3) Significant Unobservable Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, net		$ 3,112,980

Subordinated Debt (Narrative) (

Subordinated Debt (Narrative) (Details) - USD ($)			9 Months Ended
	Aug. 29, 2024	Aug. 01, 2023	Sep. 30, 2024	Nov. 01, 2024	Dec. 31, 2023	Jul. 30, 2018
Subordinated Borrowing [Line Items]
Face amount						$ 33,500,000
Proceeds from Issuance of Subordinated Long-term Debt			$ 38,799,000
Repurchase Amount			$ 9,400,000
Fixed To Floating Rate Subordinated Debentures [Member]
Subordinated Borrowing [Line Items]
Face amount	$ 40,000,000
Notes term	10 years	5 years	10 years
Debt Instrument, Interest Rate During Period			8.22929%
Variable interest rate spread			0.26161%
Deferred finance costs					$ 116,000
Fixed To Floating Rate Subordinated Debentures [Member] | Forecast [Member]
Subordinated Borrowing [Line Items]
Remaining Amount				$ 24,100,000
Fixed To Floating Rate Subordinated Debentures [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Subordinated Borrowing [Line Items]
Variable interest rate spread	5.82%
Fixed To Floating Rate Subordinated Debentures [Member] | First Five Years [Member]
Subordinated Borrowing [Line Items]
Notes term	5 years
Interest rate	9.25%		5.625%
Interest rate term			5 years
Fixed To Floating Rate Subordinated Debentures [Member] | After Five Years [Member]
Subordinated Borrowing [Line Items]
Variable interest rate spread		2.72%
Trust Preferred Junior Subordinated Debenture [Member]
Subordinated Borrowing [Line Items]
Debt Instrument, Interest Rate During Period			7.85279%
Variable interest rate spread			2.65%
Trust preferred securities			$ 4,100,000

Lease Obligations (Narrative) (

Lease Obligations (Narrative) (Details) - item	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Number of operating leases	24
Weighted average remaining lease term, operating leases	5 years 6 months 18 days	5 years 9 months 7 days
Weighted average discount rate, operating leases	3.38%	3.02%
Minimum [Member]
Lessee, Lease, Description [Line Items]
Remaining lease terms	1 year
Maximum [Member]
Lessee, Lease, Description [Line Items]
Remaining lease terms	10 years

Lease Obligations (Schedule of

Lease Obligations (Schedule of Lease Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Commitments and Contingencies [Abstract]
Operating lease expense	$ 904	$ 878	$ 2,690	$ 2,710
Variable lease expense-operating leases	280	$ 269	829	$ 793
Operating lease right-of-use assets	13,438		13,438		$ 12,935
Current liabilities	852		852		3,094
Operating lease liabilities (noncurrent portion)	14,487		14,487		11,526
Imputed interest	(1,461)		(1,461)		(1,305)
Total Operating Lease Liabilities	$ 13,878		$ 13,878		$ 13,315

Lease Obligations (Summary of M

Lease Obligations (Summary of Maturity of Lease Obligations for Operating Leases) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Commitments and Contingencies [Abstract]
One year or less	$ 852	$ 3,094
Over one year through three years	6,141	5,132
Over three years through five years	4,666	3,632
Over five years	3,680	2,762
Gross Operating Lease Liabilities	15,339	14,620
Imputed interest	(1,461)	(1,305)
Total Operating Lease Liabilities	$ 13,878	$ 13,315

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - Subsequent Event [Member]	Oct. 16, 2024 $ / shares
Subsequent Event [Line Items]
Dividends per common share	$ 0.16
O2024Q3 Dividends [Member]
Subsequent Event [Line Items]
Date declared	Oct. 16, 2024
Date of record	Nov. 01, 2024
Date paid	Nov. 15, 2024