Esquire Financial (ESQ) 10-Q 12 May 23 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2023	May 01, 2023
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2023
Entity File Number	001-38131
Entity Registrant Name	Esquire Financial Holdings, Inc.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	27-5107901
Entity Address, Address Line One	100 Jericho Quadrangle, Suite 100,
Entity Address, City or Town	Jericho
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11753
City Area Code	516
Local Phone Number	535-2002
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	ESQ
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		8,190,449
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Amendment Flag	false
Entity Central Index Key	0001531031

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 203,799	$ 164,122
Securities purchased under agreements to resell, at cost	49,230	49,567
Securities available-for-sale, at fair value	107,936	109,269
Securities held-to-maturity, at cost (fair value $69,123 and $69,346, respectively)	76,931	78,377
Securities, restricted, at cost	2,810	2,810
Loans held for investment	965,630	947,295
Less: allowance for loan losses	(12,952)	(12,223)
Loans, net of allowance	952,678	935,072
Premises and equipment, net	2,593	2,704
Accrued interest receivable	6,522	5,768
Other assets	48,325	47,950
Total assets	1,450,824	1,395,639
Deposits:
Demand	548,509	444,324
Savings, NOW and money market	709,511	764,354
Time	6,352	19,558
Total deposits	1,264,372	1,228,236
Accrued expenses and other liabilities	15,701	9,245
Total liabilities	1,280,073	1,237,481
Commitments and contingencies
Stockholders' equity:
Preferred stock, par value $0.01; authorized 2,000,000 shares; none issued
Common stock, par value $0.01; authorized 15,000,000 shares; 8,244,672 and 8,238,041 shares issued, respectively; and 8,190,758 and 8,195,333 shares outstanding, respectively	82	82
Additional paid-in capital	97,224	96,387
Retained earnings	88,504	77,712
Accumulated other comprehensive loss	(13,732)	(15,117)
Treasury stock at cost, 53,914 and 42,708 shares, respectively	(1,327)	(906)
Total stockholders' equity	170,751	158,158
Total liabilities and stockholders' equity	$ 1,450,824	$ 1,395,639

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
Securities held to maturity, fair value	$ 69,123	$ 69,346
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	15,000,000	15,000,000
Common stock, shares issued	8,244,672	8,238,041
Common stock, shares outstanding	8,190,758	8,195,333
Treasury stock, shares	53,914	42,708

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Interest income:
Loans held for investment	$ 17,615	$ 11,020
Securities, includes restricted stock	1,154	815
Securities purchased under agreements to resell	653	132
Interest earning cash and other	943	57
Total interest income	20,365	12,024
Interest expense:
Savings, NOW and money market deposits	1,012	218
Time deposits	63	19
Borrowings	1	1
Total interest expense	1,076	238
Net interest income	19,289	11,786
Provision for credit losses	500	640
Net interest income after provision for loan losses	18,789	11,146
Noninterest income:
Total noninterest income	10,262	5,502
Noninterest expense:
Employee compensation and benefits	7,484	6,134
Occupancy and equipment	829	751
Professional and consulting services	1,543	611
FDIC and regulatory assessments	144	123
Advertising and marketing	429	225
Travel and business relations	148	90
Data processing	1,133	1,008
Other operating expenses	771	438
Total noninterest expense	12,481	9,380
Net income before income taxes	16,570	7,268
Income tax expense	4,391	1,926
Net income	$ 12,179	$ 5,342
Earnings per share
Basic	$ 1.58	$ 0.70
Diluted	$ 1.47	$ 0.66
Payment processing fee
Noninterest income:
Noninterest income	$ 5,513	$ 5,316
Administrative services income
Noninterest income:
Noninterest income	529	9
Gain on equity investment
Noninterest income:
Noninterest income	4,027
Customer related fees, service charges and other
Noninterest income:
Noninterest income	$ 193	$ 177

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 12,179	$ 5,342
Other comprehensive (loss) income:
Unrealized (losses) gains arising during the period on securities available-for-sale	1,911	(8,526)
Tax effect	(526)	2,332
Total other comprehensive income (loss)	1,385	(6,194)
Total comprehensive income (loss)	$ 13,564	$ (852)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Pre-CECL Adoption Common stock	Pre-CECL Adoption Additional paid-in capital	Pre-CECL Adoption Retained earnings	Pre-CECL Adoption Accumulated other comprehensive (loss) income.	Pre-CECL Adoption Treasury stock	Pre-CECL Adoption	Revision of Prior Period, Change in Accounting Principle, Adjustment Retained earnings	Revision of Prior Period, Change in Accounting Principle, Adjustment	As Reported Under CECL Common stock	As Reported Under CECL Additional paid-in capital	As Reported Under CECL Retained earnings	As Reported Under CECL Accumulated other comprehensive (loss) income.	As Reported Under CECL Treasury stock	As Reported Under CECL	Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive (loss) income.	Treasury stock	Total
Balance at Dec. 31, 2021															$ 81	$ 93,611	$ 51,460	$ (850)	$ (567)	$ 143,735
Balance (in shares) at Dec. 31, 2021															8,088,846
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income																	5,342			5,342
Other comprehensive income (loss)																		(6,194)		(6,194)
Restricted stock forfeitures (in shares)															(10,750)
Stock compensation expense																561				561
Shares received related to tax withholding																			(59)	(59)
Shares received related to tax withholding (in shares)															(1,776)
Balance at Mar. 31, 2022															$ 81	94,172	56,802	(7,044)	(626)	143,385
Balance (in shares) at Mar. 31, 2022															8,076,320
Balance (Accounting Standards Update 2016-13) at Dec. 31, 2022	$ 82	$ 96,387	$ 77,712	$ (15,117)	$ (906)	$ 158,158	$ (568)	$ (568)	$ 82	$ 96,387	$ 77,144	$ (15,117)	$ (906)	$ 157,590
Balance at Dec. 31, 2022																				158,158
Balance (in shares) (Accounting Standards Update 2016-13) at Dec. 31, 2022	8,195,333								8,195,333
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income																	12,179			12,179
Other comprehensive income (loss)																		1,385		1,385
Cash dividends declared to common stockholders ($0.10 per share)																	(819)			(819)
Exercise of stock options, net of repurchases																47				47
Exercise of stock options, net of repurchases (in shares)															(6,631)
Stock compensation expense																790				790
Shares received related to tax withholding																			(153)	(153)
Shares received related to tax withholding (in shares)															(3,706)
Purchase of common stock																			(268)	(268)
Purchase of common stock (in shares)															(7,500)
Balance at Mar. 31, 2023															$ 82	$ 97,224	$ 88,504	$ (13,732)	$ (1,327)	$ 170,751
Balance (in shares) at Mar. 31, 2023															8,190,758

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical)	3 Months Ended
	Mar. 31, 2023 $ / shares shares
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Stock options, shares repurchased | shares	1,348
Cash dividends per share | $ / shares	$ 0.10

CONDENSED CONSOLIDATED STATEM_7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net income	$ 12,179	$ 5,342
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	500	640
Depreciation and amortization of premises and equipment	173	182
Stock compensation expense	790	561
Gain on equity investment	(4,027)
Gain on loans held for sale		(90)
Net amortization (accretion):
Securities	113	124
Loans	(323)	(239)
Right of use asset	136	119
Software	311	301
Changes in other assets and liabilities:
Accrued interest receivable	(754)	(146)
Other assets	(273)	3,196
Operating lease liability	(134)	(142)
Accrued expenses and other liabilities	5,979	1,297
Net cash provided by operating activities	14,670	11,145
Cash flows from investing activities:
Net change in loans	(17,783)	(34,316)
Net change in securities purchased under agreements to resell	337	2,128
Purchases of securities held-to-maturity		(47,544)
Principal repayments on securities available-for-sale	3,152	7,316
Principal repayments on securities held-to-maturity	1,425
Proceeds from sale of equity investment	3,737
Purchases of premises and equipment	(62)	(11)
Development of capitalized software	(785)	(386)
Net cash used in investing activities	(9,979)	(72,813)
Cash flows from financing activities:
Net increase in deposits	36,136	61,511
Exercise of stock options, net of repurchases	47
Tax withholding payments for vested equity awards	(153)	(59)
Cash dividends paid to common stockholders	(776)
Purchase of common stock	(268)
Net cash provided by financing activities	34,986	61,452
(Decrease) increase in cash and cash equivalents	39,677	(216)
Cash and cash equivalents at beginning of the period	164,122	149,156
Cash and cash equivalents at end of the period	203,799	148,940
Cash paid during the period for:
Interest	1,059	238
Taxes	163	342
Noncash transactions:
Dividends declared but not paid	43
Cumulative change in accounting principle (Note 1)	(568)
Exchange of equity investment for note receivable	$ 1,100
Securities purchased but not yet settled		1,743
Transfer from loans held for investment to held for sale		$ 850

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Basis of Presentation and Summary of Significant Accounting Policies
Basis of Presentation and Summary of Significant Accounting Policies	NOTE 1 — Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation The Interim Consolidated Financial Statements including the accounts of Esquire Financial Holdings, Inc. and its wholly owned subsidiary, Esquire Bank, N.A., are collectively referred to as “the Company.” All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying unaudited Interim Condensed Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles for interim financial information. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial information. In the opinion of management, the interim statements reflect all adjustments necessary for a fair presentation of the financial position, results of operations and cash flows of the Company on a consolidated basis and all such adjustments are recurring in nature. These financial statements and the accompanying notes should be read in conjunction with the Company’s audited financial statements for the years ended December 31, 2022 and 2021. Operating results for the three months ended March 31, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023 or any other period. Certain balances in the prior year financial statements were reclassified to conform to current presentation. The reclassifications had no effect on prior year net income or stockholders’ equity. Risks and Uncertainties In March 2023, the FDIC was appointed as receiver for Silicon Valley Bank and Signature Bank after they experienced runs on deposits and other liquidity constraints. At the time, Silicon Valley Bank and Signature Bank were the 16th and 29th largest banks in the United States, respectively, as measured by total assets as of December 31, 2022. Following the failures of Silicon Valley Bank and Signature Bank, on May 1, 2023, First Republic Bank was closed by the California Department of Financial Protection and Innovation, which appointed the FDIC as receiver. The closures of those banks and adverse developments affecting other banks have resulted in heightened levels of market activity and volatility. The impact of market volatility from the adverse developments in the banking industry along with continued high inflation and rising interest rates on our business and related financial results will depend on future developments, which are highly uncertain and difficult to predict. Subsequent Events The Company has evaluated events for recognition and disclosure through the date of issuance. Investment in Variable Interest Entity On April 1, 2022, the Company sold its legacy National Football League (“NFL”) consumer post-settlement loan portfolio to a variable interest entity (“VIE”) in exchange for a nonvoting interest valued at $13.5 million where the Company will remain as servicer of the loan portfolio at the discretion of the VIE manager. The Company’s investment is considered a significant variable interest, but it does not have the power to direct the activities that most significantly impact the VIE’s economic performance. Therefore, the Company is not considered the primary beneficiary of this VIE and does not consolidate the entity in the Company’s financial statements. The Company’s maximum exposure to loss is limited to the carrying amount of its investment and accounted for under the equity method which is presented within other assets on the Consolidated Statement of Financial Condition. As of March 31, 2023, the investment’s carrying amount was $12.6 million. Equity Investment Without Readily Determinable Fair Value In 2018, the Company purchased a 4.95% interest in Litify, Inc., a technology solution to automate and manage a law firm’s business and cases, for a cost of $2.4 million. As Litify, Inc. is a private company, the investment does not have a readily determinable fair value and management has elected to determine the recorded carrying amount based on its cost adjusted for observable price changes less impairment. In February 2023, Litify, Inc. was reorganized into a partnership and an unrelated third party acquired a majority ownership in the reorganized entity. As party to the reorganization and sale transaction, a majority ownership of the Company’s partnership interests was exchanged for cash and undiscounted noncash consideration of approximately $5.4 million. As a result, the Company recognized a gain on its investment of $4.0 million in the first quarter of 2023. At March 31, 2023, the equity investment’s carrying amount was $1.6 million compared to a carrying amount of $2.4 million at December 31, 2022. In addition, the Company has recorded a note receivable of $1.1 million as of March 31, 2023 related to the restructuring. The equity investment and note receivable are presented within Other assets on the Consolidated Statements of Financial Condition. Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there now are such matters that will have a material effect on the Consolidated Financial Statements. Adoption of New Accounting Standards On January 1, 2023, the Company adopted Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”, as amended, which replaces the incurred loss methodology with an expected loss methodology, referred to as the “current expected credit loss” (“CECL” or the “CECL Standard”) methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and securities held-to-maturity, as well as off-balance sheet credit exposures, including loan commitments, standby letters of credit, and financial guarantees. It will significantly change estimates of credit losses related to financial assets measured at amortized cost, including loans receivable and certain other contracts. In addition, the CECL Standard made changes to the accounting for available-for-sale securities. One such change is to require credit losses to be presented as an allowance rather than as a write-down on available-for-sale securities that management does not intend to sell or believes that it is more likely than not they will be required to sell. The Company adopted the CECL Standard using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for reporting periods beginning after January 1, 2023, are presented under the CECL Standard while prior period amounts continue to be reported in accordance with previously applicable GAAP with a cumulative effect adjustment as of the beginning of the reporting period. The adoption of the CECL Standard resulted in an initial increase of $283 thousand to the allowance for credit losses and an increase of $500 thousand to the reserve for unfunded commitments in other liabilities. The after-tax cumulative effect of adopting the CECL Standard was a decrease to retained earnings of $568 thousand as of January 1, 2023. The following table illustrates the allowance for credit losses impact of the CECL Standard: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ January 1, 2023 ​ ​ As Reported ​ ​ ​ ​ ​ Impact of ​ ​ Under ​ ​ Pre-CECL ​ ​ CECL ​ ​ CECL ​ ​ Adoption ​ ​ Adoption ​ (In thousands) Assets: ​ ​ ​ ​ ​ ​ ​ ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ Multifamily $ 2,025 ​ $ 2,017 ​ $ 8 Commercial real estate ​ 913 ​ ​ 1,022 ​ ​ (109) 1 – 4 family ​ 61 ​ ​ 192 ​ ​ (131) Commercial ​ 9,159 ​ ​ 8,645 ​ ​ 514 Consumer ​ 348 ​ ​ 347 ​ ​ 1 Allowance for credit losses on loans $ 12,506 ​ $ 12,223 ​ $ 283 ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses on unfunded commitments $ 500 ​ $ — ​ $ 500 ​ Allowance for credit losses on loans held for investment. The methodology for determining the allowance for credit losses on loans held for investment is considered a critical accounting policy by management given the judgment required for determining assumptions used, uncertainty of economic forecasts, and subjectivity of any qualitative factors considered. The Company utilizes the Static Pool methodology to evaluate the adequacy of the allowance for credit losses for its entire loan portfolio. The Static Pool methodology leverages the historical loss rates on a pool of loans over a period equal to the weighted average remaining life of the portfolio. The Company incorporates reasonable and supportable forecasts as qualitative adjustments applied to the historical loss rates over the reasonable and supportable forecast period, with reversion to historical loss rates thereafter. The Company has elected a one-year reasonable and supportable forecast period and straight-line reversion to the historical loss rate over a one-year period. Forecast adjustments reflect the extent to which the Company expects current conditions and reasonable and supportable forecasts to differ from the conditions that existed for the period over which historical information was evaluated. Further adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, or term, as well as changes in environmental conditions, such as unemployment rates, property values, or other relevant factors. Management evaluates the adequacy of the allowance on a quarterly basis. The CECL Standard requires an entity to assess whether financial assets share similar risk characteristics. If similar risk characteristics exist, management must measure expected credit losses of financial assets on a collective (pool) basis, considering the risk associated with the designated pool. If similar risk characteristics do not exist based on various factors, management must measure the financial asset for expected credit losses on an individual basis. Management may consider changes to a borrower’s circumstances impacting cash collections, delinquency and non-accrual status, probability of default, industry, or other facts and circumstances when determining whether a loan shares risk characteristics with other loans in a pool. For a loan that does not share risk characteristics with other loans in a pool and is not collateral dependent, expected credit loss is measured based on the discounted value of the expected future cash flows and the amortized cost of the loan. If an entity determines that foreclosure of the collateral is probable, or that the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral, the CECL Standard requires the entity to measure expected credit losses of collateral dependent loans based on the difference between the current fair value of the collateral and the amortized cost basis of the financial asset. The fair value of the collateral is adjusted for estimated costs to sell the collateral in instances where the repayment of the loan is dependent on the sale of the collateral. As of March 31, 2023, there were no individually analyzed loans and no collateral dependent loans on the Consolidated Statements of Financial Condition. The Company evaluates its loan pooling methodology at least annually. The Company has identified the following portfolio segments and measures the allowance for credit losses using the following methods: Commercial Loans and Lines of Credit (“Commercial”). Consumer. Multifamily. Commercial Real Estate (“CRE”). 1 – 4 Family. Accrued Interest Receivable. Nonaccrual. but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Off-Balance Sheet Credit Exposures Allowance for credit losses on securities held-to-maturity. Allowance for credit losses on securities available-for-sale. Changes in the allowance for credit losses are recorded as credit loss expense (or reversal). Losses are charged against the allowance when management believes the uncollectibility of an available-for-sale security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on securities available-for-sale is excluded from the Company’s estimate of credit losses. On January 1, 2023, the Company adopted ASU 2022-02, “Financial Instruments — Credit Losses (Topic 326): Troubled Debt Restructuring and Vintage Disclosures”. ASU 2022-02 eliminates the accounting guidance for TDRs by creditors in Subtopic 310-40, “Receivables — Troubled Debt Restructurings by Creditors”, while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. Additionally, the amendments in this ASU require that public business entities disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of ASU 326-20, “Financial Instruments — Credit Losses: Measured at Amortized Cost”. The adoption of the standard did not have an impact on the Company’s operating results or financial condition as there are no TDRs on January 1, 2023. Pursuant to this update, the allowance for credit losses does not need to consider anticipatory TDRs and a discounted cash flow methodology is no longer required for interest rate concessions and term extension modifications. Further, disclosure requirements which were previously relevant for TDRs have been amended and expanded generally for modifications to borrowers experiencing financial difficulty (explained further below). The Company has determined to adopt the ASU prospectively meaning that the previously applicable accounting requirements for specific allowance measurement of TDRs no longer applies to modifications executed after January 1, 2023. The Company has not historically identified TDRs prior to adoption of this ASU, and therefore does not need to determine the continued allowance measurement approach for TDRs that existed prior to January 1, 2023 because the Company has none. The Company continues to apply the guidance in ASC 310-20-35-9 through 35-11 to determine whether a modification results in a new loan or continuation of an existing loan. If the terms of the new loan resulting from refinancing or restructuring are as favorable to the lender as the terms for comparable loans to other customers with similar risk characteristics who are not refinancing or modifying the loan with the lender, then the modification or refinancing would be accounted for as a new loan. To meet this condition, the new loan’s effective yield must be at least equal to the yield for similar loans and that the modifications of the original loan are more than minor. In this situation, any unamortized fees or costs and any prepayment penalties from the original loan are recognized in interest income. If the characteristics of the modifications do not meet those above (thus are not considered more than minor), the unamortized fees and costs will be carried forward in the amortized cost basis of the modified loan, along with any new fees received and direct costs associated with the restructuring. A modification is considered more than minor if the present value of the cash flows under the terms of the new loan are at least 10% different from the present value of cash flows under the original terms. To the extent that the allowance for credit losses on modifications is estimated through use of a discounted cash flow methodology, beginning January 1, 2023, the effective interest rate used in this measurement calculation shall be based on the post-modified contractual rate rather than the original rate of the note. Because the TDR concept no longer applies for modifications after January 1, 2023, the second TDR criterion (that a concession be provided to the borrower) is also no longer relevant to these modifications. ASU 2022-02 amends and expands modification disclosure requirements and applies to modifications to borrowers experiencing financial difficulty.

Debt Securities

Debt Securities	3 Months Ended
	Mar. 31, 2023
Debt Securities
Debt Securities	NOTE 2 — Debt Securities The following tables summarize the major categories of securities as of the dates indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair ​ Cost Gains Losses Value ​ ​ (In thousands) Securities available-for-sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities – agency ​ $ 109,098 ​ $ — ​ $ (16,829) ​ $ 92,269 Collateralized mortgage obligations ("CMOs") – agency ​ ​ 17,778 ​ ​ — ​ ​ (2,111) ​ ​ 15,667 Total available-for-sale ​ $ 126,876 ​ $ — ​ $ (18,940) ​ $ 107,936 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Amortized ​ Unrecognized ​ Unrecognized ​ Fair ​ ​ Cost Gains Losses Value ​ ​ (In thousands) Securities held-to-maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CMOs – agency ​ $ 76,931 ​ $ — ​ $ (7,808) ​ $ 69,123 Total held-to-maturity ​ $ 76,931 ​ $ — ​ $ (7,808) ​ $ 69,123 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair ​ ​ Cost Gains Losses Value ​ ​ (In thousands) Securities available-for-sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities – agency ​ $ 111,445 ​ $ — ​ $ (18,500) ​ $ 92,945 CMOs – agency ​ ​ 18,675 ​ ​ — ​ ​ (2,351) ​ ​ 16,324 Total available-for-sale ​ $ 130,120 ​ $ — ​ $ (20,851) ​ $ 109,269 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Amortized ​ Unrecognized ​ Unrecognized ​ Fair ​ ​ Cost Gains Losses Value ​ ​ (In thousands) Securities held-to-maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CMOs – agency ​ $ 78,377 ​ $ — ​ $ (9,031) ​ $ 69,346 Total held-to-maturity ​ $ 78,377 ​ $ — ​ $ (9,031) ​ $ 69,346 ​ Mortgage-backed securities include all pass-through certificates guaranteed by FHLMC, FNMA, or GNMA and the CMOs are backed by government agency pass-through certificates. CMOs, by virtue of the underlying residential collateral or structure, are fixed rate current pay sequentials or planned amortization classes (“PACs”). As actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay certain obligations, these securities are not considered to have a single maturity date. There were no sales or calls of securities for the three months ended March 31, 2023 and 2022. At March 31, 2023, securities having a fair value of $140.4 million were pledged to the Federal Home Loan Bank of New York (“FHLB”) for borrowing capacity totaling $133.6 million. At December 31, 2022, securities having a fair value of $141.5 million were pledged to the FHLB for borrowing capacity totaling $135.1 million. At March 31, 2023 and December 31, 2022, the Company had no outstanding FHLB advances. At March 31, 2023, securities having a fair value of $36.6 million were pledged to the Federal Reserve Bank of New York (“FRB”) for borrowing capacity totaling $36.6 million. At December 31, 2022, securities having a fair value of $37.1 million were pledged to the FRB for borrowing capacity totaling $36.1 million. At March 31, 2023 and December 31, 2022, the Company had no outstanding FRB borrowings. The following table provides the gross unrealized and unrecognized losses and fair value, aggregated by investment category and length of time the individual securities have been in a continuous unrealized or unrecognized loss position: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ ​ Less Than 12 Months ​ 12 Months or Longer ​ Total ​ Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses ​ ​ (In thousands) Securities available-for-sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities – agency ​ $ 7,245 ​ $ (466) ​ $ 85,024 ​ $ (16,363) ​ $ 92,269 ​ $ (16,829) CMOs – agency ​ ​ 690 ​ ​ (10) ​ ​ 14,977 ​ ​ (2,101) ​ ​ 15,667 ​ ​ (2,111) Total available-for-sale ​ $ 7,935 ​ $ (476) ​ $ 100,001 ​ $ (18,464) ​ $ 107,936 ​ $ (18,940) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Longer ​ Total ​ Fair Value Gross Unrecognized Losses Fair Value Gross Unrecognized Losses Fair Value Gross Unrecognized Losses ​ ​ (In thousands) Securities held-to-maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CMOs – agency ​ $ 31,399 ​ $ (1,519) ​ $ 37,724 ​ $ (6,289) ​ $ 69,123 ​ $ (7,808) Total held-to-maturity ​ $ 31,399 ​ $ (1,519) ​ $ 37,724 ​ $ (6,289) ​ $ 69,123 ​ $ (7,808) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Less Than 12 Months ​ 12 Months or Longer ​ Total ​ ​ Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses ​ ​ (In thousands) Securities available-for-sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities - agency ​ $ 8,902 ​ $ (725) ​ $ 84,043 ​ $ (17,775) ​ $ 92,945 ​ $ (18,500) CMOs - agency ​ ​ 11,798 ​ ​ (992) ​ ​ 4,526 ​ ​ (1,359) ​ ​ 16,324 ​ ​ (2,351) Total available-for-sale ​ $ 20,700 ​ $ (1,717) ​ $ 88,569 ​ $ (19,134) ​ $ 109,269 ​ $ (20,851) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Longer ​ Total ​ Fair Value Gross Unrecognized Losses Fair Value Gross Unrecognized Losses Fair Value Gross Unrecognized Losses ​ ​ (In thousands) Securities held-to-maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CMOs – agency ​ $ 69,346 ​ $ (9,031) ​ $ — ​ $ — ​ $ 69,346 ​ $ (9,031) Total held-to-maturity ​ $ 69,346 ​ $ (9,031) ​ $ — ​ $ — ​ $ 69,346 ​ $ (9,031) ​ Management evaluates securities available-for-sale in unrealized loss positions to determine whether the impairment is due to credit-related factors. Due to the decline in fair value being attributable to changes in interest rates, not credit quality and because the Company does not have the intent to sell the securities and it is likely that it will not be required to sell the securities before their anticipated recovery, the Company does not consider the securities to be impaired at March 31, 2023. As of March 31, 2023, none of the Company’s available-for-sale securities were in an unrealized loss position due to credit, and therefore no allowance for credit losses on available-for-sale securities was required. Additionally, there was no allowance for credit losses on securities held-to-maturity due to the high credit quality composition consisting of issuances from government sponsored agencies. Accrued interest receivable on securities totaling $405 thousand at March 31, 2023, was included in Accrued interest receivable in the Consolidated Statements of Financial Condition and excluded from amortized cost and estimated fair value in the tables above.

Loans

Loans	3 Months Ended
	Mar. 31, 2023
Loans
Loans	NOTE 3 — Loans The composition of loans by class is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2023 ​ 2022 ​ ​ (In thousands) Real estate: ​ ​ ​ Multifamily ​ $ 274,656 ​ $ 262,489 Commercial real estate ​ 91,493 ​ 91,837 1 – 4 family ​ ​ 21,730 ​ ​ 25,565 Construction ​ — ​ — Total real estate ​ 387,879 ​ 379,891 Commercial ​ 565,927 ​ 552,082 Consumer ​ 13,116 ​ 16,580 Total loans held for investment ​ ​ 966,922 ​ ​ 948,553 Deferred fees and unearned premiums, net ​ (1,292) ​ (1,258) Allowance for credit losses ​ (12,952) ​ (12,223) Loans held for investment, net ​ $ 952,678 ​ $ 935,072 ​ The following tables present the activity in the allowance for credit losses by class for the three months ending March 31, 2023, under the CECL methodology, and March 31, 2022 under the incurred loss methodology: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ Multifamily ​ Real Estate ​ 1 ‑ 4 Family ​ Construction ​ Commercial ​ Consumer ​ Total ​ ​ (In thousands) March 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance, prior to adoption of CECL Standard ​ $ 2,017 ​ $ 1,022 ​ $ 192 ​ $ — ​ $ 8,645 ​ $ 347 ​ $ 12,223 Impact of adopting CECL Standard ​ ​ 8 ​ ​ (109) ​ ​ (131) ​ ​ — ​ ​ 514 ​ ​ 1 ​ ​ 283 Provision (credit) for credit losses ​ ​ 81 ​ ​ (28) ​ ​ (7) ​ ​ — ​ ​ 429 ​ ​ 25 ​ ​ 500 Recoveries ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ — ​ ​ — Loans charged-off ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (54) ​ ​ (54) Total ending allowance balance ​ $ 2,106 ​ $ 885 ​ $ 54 ​ $ — ​ $ 9,588 ​ $ 319 ​ $ 12,952 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 1,789 ​ $ 552 ​ $ 285 ​ $ — ​ $ 6,319 ​ $ 131 ​ $ 9,076 Provision (credit) for credit losses ​ ​ 253 ​ ​ 136 ​ ​ (54) ​ ​ — ​ ​ 254 ​ ​ 51 ​ ​ 640 Recoveries ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ ​ — ​ ​ 2 Loans charged-off ​ ​ (178) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (49) ​ ​ (227) Total ending allowance balance ​ $ 1,864 ​ $ 688 ​ $ 231 ​ $ — ​ $ 6,575 ​ $ 133 ​ $ 9,491 ​ The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method, prior to the adoption of the CECL Standard, as of the dates indicated. The recorded investment in loans is not adjusted for accrued interest, deferred fees and costs, and unearned premiums and discounts. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ Real Estate ​ 1 ‑ 4 Family ​ Construction ​ Commercial ​ Consumer ​ Total ​ ​ (In thousands) December 31, 2022 ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ Ending allowance balance attributable to loans: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Collectively evaluated for impairment ​ 2,017 ​ 1,022 ​ 192 ​ — ​ 8,645 ​ 347 ​ 12,223 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ending allowance balance ​ $ 2,017 ​ $ 1,022 ​ $ 192 ​ $ — ​ $ 8,645 ​ $ 347 ​ $ 12,223 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ ​ ​ ​ ​ ​ ​ Loans individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Loans collectively evaluated for impairment ​ 262,489 ​ 91,837 ​ 25,565 ​ — ​ 552,082 ​ 16,580 ​ 948,553 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ending loans balance ​ $ 262,489 ​ $ 91,837 ​ $ 25,565 ​ $ — ​ $ 552,082 ​ $ 16,580 ​ $ 948,553 ​ There were no impaired loans as of December 31, 2022. As of March 31, 2023, there were no collateral dependent loans on the Consolidated Statements of Financial Condition. The following tables present the aging of the recorded investment in past due loans by class of loans as of March 31, 2023 and December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Past ​ ​ ​ ​ ​ ​ ​ ​ 30-59 ​ 60-89 ​ 90 Days ​ ​ ​ ​ Due & ​ ​ ​ ​ ​ ​ ​ ​ Days ​ Days ​ or More ​ Nonaccrual ​ Nonaccrual ​ Loans Not ​ ​ ​ ​ Past Due Past Due Past Due Loans Loans Past Due Total ​ ​ (In thousands) March 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 274,656 ​ $ 274,656 Commercial real estate ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 91,493 ​ ​ 91,493 1 – 4 family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 21,730 ​ ​ 21,730 Construction ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 565,927 ​ ​ 565,927 Consumer ​ ​ 11 ​ ​ 89 ​ ​ — ​ ​ — ​ ​ 100 ​ ​ 13,016 ​ ​ 13,116 Total ​ $ 11 ​ $ 89 ​ $ — ​ $ — ​ $ 100 ​ $ 966,822 ​ $ 966,922 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Past ​ ​ ​ ​ ​ ​ ​ ​ 30-59 ​ 60-89 ​ 90 Days ​ ​ ​ ​ Due & ​ ​ ​ ​ ​ ​ ​ ​ Days ​ Days ​ or More ​ Nonaccrual ​ Nonaccrual ​ Loans Not ​ ​ ​ ​ Past Due Past Due Past Due Loans Loans Past Due Total ​ ​ (In thousands) December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 262,489 ​ $ 262,489 Commercial real estate ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 91,837 ​ ​ 91,837 1 – 4 family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 25,565 ​ ​ 25,565 Construction ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 552,082 ​ ​ 552,082 Consumer ​ ​ 36 ​ ​ 8 ​ ​ — ​ ​ 4 ​ ​ 48 ​ ​ 16,532 ​ ​ 16,580 Total ​ $ 36 ​ $ 8 ​ $ — ​ $ 4 ​ $ 48 ​ $ 948,505 ​ $ 948,553 ​ Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis is performed whenever a credit is extended, renewed or modified, or when an observable event occurs indicating a potential decline in credit quality, and no less than annually for large balance loans. The Company uses the following definitions for risk ratings: Special Mention Substandard Doubtful Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. ​ The following is a summary of the credit risk profile of loans by internally assigned grade as of the periods indicated, the years represent the year of originations for non-revolving loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ 2018 and Prior ​ Revolving ​ Revolving-Term ​ Total ​ (In thousands) Multifamily: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 16,757 ​ $ 29,407 ​ $ 111,509 ​ $ 34,961 ​ $ 23,803 ​ $ 57,576 ​ $ — ​ $ — ​ $ 274,013 Special Mention ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 721 ​ ​ — ​ ​ — ​ ​ 721 Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ 16,757 ​ ​ 29,407 ​ ​ 111,509 ​ ​ 34,961 ​ ​ 23,803 ​ ​ 58,297 ​ ​ — ​ ​ — ​ ​ 274,734 Current period gross charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ — ​ ​ 59,034 ​ ​ 10,737 ​ ​ 1,785 ​ ​ 5,763 ​ ​ 10,291 ​ ​ — ​ ​ — ​ ​ 87,610 Special Mention ​ 3,826 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,826 Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ 3,826 ​ ​ 59,034 ​ ​ 10,737 ​ ​ 1,785 ​ ​ 5,763 ​ ​ 10,291 ​ ​ — ​ ​ — ​ ​ 91,436 Current period gross charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1-4 family: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ — ​ ​ 1,888 ​ ​ — ​ ​ — ​ ​ 4,354 ​ ​ 15,493 ​ ​ — ​ ​ — ​ ​ 21,735 Special Mention ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ — ​ ​ 1,888 ​ ​ — ​ ​ — ​ ​ 4,354 ​ ​ 15,493 ​ ​ — ​ ​ — ​ ​ 21,735 Current period gross charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ 22,396 ​ ​ 80,459 ​ ​ 17,828 ​ ​ 688 ​ ​ 1,760 ​ ​ 546 ​ ​ 434,793 ​ ​ 4,445 ​ ​ 562,915 Special Mention ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,526 ​ ​ — ​ ​ 1,526 Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ 22,396 ​ ​ 80,459 ​ ​ 17,828 ​ ​ 688 ​ ​ 1,760 ​ ​ 546 ​ ​ 436,319 ​ ​ 4,445 ​ ​ 564,441 Current period gross charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ 1,126 ​ ​ 9,562 ​ ​ 475 ​ ​ 458 ​ ​ 1,242 ​ ​ 52 ​ ​ 369 ​ ​ — ​ ​ 13,284 Special Mention ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ 1,126 ​ ​ 9,562 ​ ​ 475 ​ ​ 458 ​ ​ 1,242 ​ ​ 52 ​ ​ 369 ​ ​ — ​ ​ 13,284 Current period gross charge-offs ​ — ​ ​ 44 ​ ​ 10 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 54 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ 40,279 ​ ​ 180,350 ​ ​ 140,549 ​ ​ 37,892 ​ ​ 36,922 ​ ​ 83,958 ​ ​ 435,162 ​ ​ 4,445 ​ ​ 959,557 Special Mention ​ 3,826 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ - ​ ​ 1,526 ​ ​ — ​ ​ 5,352 Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 721 ​ ​ — ​ ​ — ​ ​ 721 Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total loans $ 44,105 ​ $ 180,350 ​ $ 140,549 ​ $ 37,892 ​ $ 36,922 ​ $ 84,679 ​ $ 436,688 ​ $ 4,445 ​ $ 965,630 Total current period gross charge-offs $ — ​ $ 44 ​ $ 10 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 54 ​ ​ The risk category of loans by class of loans as of December 31, 2022 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass Special Mention Substandard Doubtful ​ ​ (In thousands) December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ $ 258,413 ​ $ 3,355 ​ $ 721 ​ $ — Commercial real estate ​ ​ 88,019 ​ ​ 3,818 ​ ​ — ​ ​ — 1 – 4 family ​ ​ 25,565 ​ ​ — ​ ​ — ​ ​ — Construction ​ ​ — ​ ​ — ​ ​ — ​ ​ — Commercial ​ ​ 547,412 ​ ​ 4,670 ​ ​ — ​ ​ — Consumer ​ ​ 14,692 ​ ​ 1,888 ​ ​ — ​ ​ — Total ​ $ 934,101 ​ $ 13,731 ​ $ 721 ​ $ — ​ The Company considers the performance of the loan portfolio and its impact on the allowance for credit losses. For smaller dollar commercial and consumer loan classes, the Company evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. Loan Modifications In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. During the three months ended March 31, 2023 and 2022, the Company did not modify the terms of any loans or commitments to lend to borrowers experiencing financial difficulty in the form of an interest rate reduction, term extension, principal forgiveness or other-than-insignificant payment delay. Pledged Loans At March 31, 2023, loans totaling $16.7 million were pledged to the FHLB for borrowing capacity totaling $11.2 million. At December 31, 2022, loans totaling $20.6 million were pledged to the FHLB for borrowing capacity totaling $14.2 million.

Noninterest Income

Noninterest Income	3 Months Ended
	Mar. 31, 2023
Noninterest Income.
Noninterest Income	NOTE 4 — Noninterest Income Descriptions of revenue-generating activities that are within the scope of Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers, and are presented in the Consolidated Statements of Income as components of noninterest income, are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2023 2022 ​ ​ (In thousands) Payment processing fees: ​ ​ ​ ​ ​ ​ Payment processing income ​ $ 5,300 ​ $ 5,100 ACH income ​ ​ 213 ​ ​ 216 Total payment processing fees ​ ​ 5,513 ​ ​ 5,316 Customer related fees, service charges and other: ​ ​ ​ ​ ​ ​ Administrative service income ​ ​ 529 ​ ​ 9 Gain on equity investment (1) ​ ​ 4,027 ​ ​ — Gain on loans held for sale (1) ​ ​ — ​ ​ 90 Other ​ ​ 193 ​ ​ 87 Total customer related fees, service charges and other ​ ​ 4,749 ​ ​ 186 Total noninterest income ​ $ 10,262 ​ $ 5,502 (1) Represents a valuation adjustment not within the scope of ASC 606. The Company has made no significant judgments in applying the revenue guidance prescribed in ASC 606 that affect the determination of the amount and timing of revenue from the above-described contracts with customers. ● Payment processing income – We provide payment processing services as an acquiring bank through the third-party or independent sales organization (“ISO”) business model in which we process credit and debit card transactions on behalf of merchants. We enter into a tri-party merchant agreement, between the Company, ISO and each merchant. The Company’s performance obligation is clearing and settling credit and debit transactions on behalf of the merchants. The Company recognizes revenue monthly once it summarizes and computes all revenue and expenses applicable to each ISO, which is our performance obligation. ● ACH income – We provide ACH services for merchants and other commercial customers. Contracts are entered into with third parties that require ACH transactions processed on behalf of their customers. Fees are variable and based on the volume of transactions within a given month. Our performance obligations are processing and settling ACHs on behalf of the customers. Our obligation is satisfied within each business day when the transactions (ACH files) are sent to the Federal Reserve Bank for clearing. Revenue is recognized based on the total volume of transactions processed that month for a given customer. ● Administrative service income – Administrative service income is derived primarily from the management of qualified settlement funds (“QSFs”), which are funds from settled mass torts and class action lawsuits. Our performance obligations with the QSFs are outlined in court approved orders which includes ensuring funds are invested into safe investment vehicles such as U.S. treasuries and FDIC insured products. Our fees for placing these funds in appropriate vehicles are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. ● Other – The other category includes revenue from service charges on deposit accounts, debit card fees, and certain loan related fees where revenue is recognized as performance obligations are satisfied.

Share-Based Payment Plans

Share-Based Payment Plans	3 Months Ended
	Mar. 31, 2023
Share-Based Payment Plans
Share-Based Payment Plans	NOTE 5 — Share-Based Payment Plans The Company issues incentive and nonqualified stock options and restricted stock awards to certain employees and directors pursuant to its equity incentive plans, which have been approved by the stockholders. Share-based awards are granted by the Compensation Committee of the Board of Directors. Under the plans, options are granted with an exercise price equal to the fair value of the Company’s stock at the date of the grant. Options granted vest over three five six third The fair value of each option award is estimated on the date of grant using a closed form option valuation (Black-Scholes) model that uses the assumptions noted in the table below. Expected volatilities are based on peer volatility. The Company uses peer data to estimate option exercise and post-vesting termination behavior. The expected term of options granted is based on peer data and represents the period of time that options granted are expected to be outstanding, which takes into account that the options are not transferable. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of the grant. There were no stock options granted during the three months ended March 31, 2023 and 2022. The following table presents a summary of the activity related to options for the three months ended March 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2023 ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ Weighted ​ Average ​ ​ ​ ​ Average ​ Remaining ​ ​ ​ ​ Exercise ​ Contractual ​ Options Price Life (Years) Outstanding at beginning of year 633,984 ​ $ 18.61 Granted — ​ — Exercised (7,979) ​ 12.85 Forfeited — ​ — Expired — ​ — Outstanding at period end 626,005 ​ $ 18.68 4.70 Vested or expected to vest 626,005 ​ $ 18.68 4.70 Exercisable at period end 514,393 ​ $ 15.23 3.76 ​ The Company recognized compensation expense related to options of $167 thousand and $124 thousand for the three months ended March 31, 2023 and 2022, respectively. At March 31, 2023, unrecognized compensation cost related to nonvested options was approximately $1.2 million and is expected to be recognized over a weighted average period of 2.14 years. The intrinsic value for outstanding options and for options vested or expected to vest was $12.9 million and $12.3 million for exercisable options at March 31, 2023. Information related to stock option exercises during each period is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ March 31, ​ 2023 2022 ​ ​ (In thousands) Intrinsic value of options exercised ​ $ 242 ​ $ — Cash received from option exercises ​ ​ 47 ​ ​ — Excess tax benefit from option exercises ​ ​ 57 ​ ​ — ​ The following table presents a summary of the activity related to restricted stock for the three months ended March 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2023 ​ ​ ​ ​ Weighted Average ​ ​ ​ ​ Grant Date ​ ​ Shares ​ Fair Value Outstanding at beginning of year 503,225 $ 27.92 Granted — ​ ​ — Vested (20,500) ​ ​ 19.25 Forfeited — ​ ​ — Outstanding at period end 482,725 $ 28.28 ​ The Company recognized compensation expense related to restricted stock of $623 thousand and $437 thousand for the three months ended March 31, 2023 and 2022, respectively. As of March 31, 2023, there was $9.4 million of total unrecognized compensation cost related to nonvested shares granted under the plan. The cost is expected to be recognized over a weighted-average period of 4.42

Earnings per Share

Earnings per Share	3 Months Ended
	Mar. 31, 2023
Earnings per Share
Earnings per Share	NOTE 6 — Earnings per Share The factors used in the earnings per share computation follow: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ March 31, ​ 2023 2022 ​ ​ (Dollars in thousands, except per share data) Basic: ​ ​ ​ ​ ​ ​ Net income ​ $ 12,179 ​ $ 5,342 Weighted average shares outstanding ​ ​ 7,708,745 ​ ​ 7,620,241 Basic earnings per share ​ $ 1.58 ​ $ 0.70 ​ ​ ​ ​ ​ ​ ​ Diluted: ​ ​ ​ ​ ​ ​ Net income ​ $ 12,179 ​ $ 5,342 Weighted average shares outstanding for basic earnings per share ​ ​ 7,708,745 ​ ​ 7,620,241 Add: Dilutive effects of share based awards ​ ​ 593,888 ​ ​ 527,234 Weighted average shares and dilutive potential shares ​ ​ 8,302,633 ​ ​ 8,147,475 Diluted earnings per share ​ $ 1.47 ​ $ 0.66 ​ Share-based awards totaling 52,500 and 69,150 shares of common stock were not considered in computing diluted earnings per common share for the three months ended March 31, 2023 and March 31, 2022, respectively, because they were anti-dilutive.

Leases

Leases	3 Months Ended
	Mar. 31, 2023
Leases
Leases	NOTE 7 — Leases The Company recognizes the present value of its operating lease payments related to its office facilities and retail branch as operating lease assets and corresponding lease liabilities on the Consolidated Statements of Financial Condition. These operating lease assets represent the Company’s right to use an underlying asset for the lease term, and the lease liability represents the Company’s obligation to make lease payments over the lease term. As these leases do not provide an implicit rate, the Company used its incremental borrowing rate, the rate of interest to borrow on a collateralized basis for a similar term, at the lease commencement date in order to determine present value. As of March 31, 2023, right of use (“ROU”) lease assets liabilities assets liabilities ​ As of March 31, 2023, the Company was obligated under several non-cancelable leases for certain premises and equipment. The minimum annual rental commitments, exclusive of taxes and other charges, under non-cancelable lease agreements for premises at March 31, 2023, are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ Operating Lease ​ ​ ​ Liabilities ​ ​ ​ (In thousands) 2023 ​ $ 483 2024 ​ 784 2025 ​ 803 2026 ​ 754 2027 ​ — Thereafter ​ — Total operating lease payments ​ ​ 2,824 Less: interest ​ ​ 148 Present value of operating lease liabilities ​ $ 2,676 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ ​ ​ 2023 ​ 2022 ​ Weighted-average remaining lease term ​ ​ 3.67 years ​ 4.65 years Weighted-average discount rate ​ ​ 3.29 % ​ 3.07 % ​ ​ The components of total lease cost are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ March 31, ​ ​ 2023 ​ 2022 ​ ​ (In thousands) Operating lease cost ​ $ 159 ​ $ 142 Short-term lease cost ​ ​ 59 ​ ​ — Total lease cost ​ $ 218 ​ $ 142 ​ ​ ​ ​ ​ ​ ​ Cash paid for operating leases ​ $ 216 ​ $ 163 ​

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2023
Fair Value Measurements
Fair Value Measurements	NOTE 8 — Fair Value Measurements Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values. Level 1 Level 2 Level 3 For available-for-sale securities where quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2). Assets and liabilities measured at fair value on a recurring basis are summarized below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ Quoted Prices In Active Markets For Identical Assets ​ Significant Other Observable Inputs ​ Significant Unobservable Inputs ​ (Level 1) (Level 2) (Level 3) ​ ​ (In thousands) March 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities – agency ​ $ — ​ $ 92,269 ​ $ — CMOs – agency ​ ​ — ​ ​ 15,667 ​ ​ — Total available-for-sale ​ $ — ​ $ 107,936 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities – agency ​ $ — ​ $ 92,945 ​ $ — CMOs – agency ​ ​ — ​ ​ 16,324 ​ ​ — Total available-for-sale ​ $ — ​ $ 109,269 ​ $ — ​ There were no transfers between Level 1 and Level 2 during the three months ended March 31, 2023 and 2022. The equity investment in Litify, accounted for at cost and adjusted for observable prices changes, was measured on a nonrecurring basis and assigned a Level 3 fair value of $1.6 million as of March 31, 2023, as a majority of the investee ownership was acquired by an unrelated third party in February 2023. The fair value was determined using observable transaction activity under the market approach where the significant unobservable inputs include the 50% control premium paid by the third party. The following tables present the carrying amounts and fair values (represents exit price) of financial instruments not carried at fair value at March 31, 2023 and December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement at March 31, 2023, Using: ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Value (Level 1) (Level 2) (Level 3) Total ​ ​ (In thousands) Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 203,799 ​ $ 203,799 ​ $ — ​ $ — ​ $ 203,799 Securities purchased under agreements to resell, at cost ​ ​ 49,230 ​ ​ — ​ ​ — ​ ​ 49,230 ​ ​ 49,230 Securities, held-to-maturity ​ ​ 76,931 ​ ​ — ​ ​ 69,123 ​ ​ — ​ ​ 69,123 Securities, restricted, at cost ​ ​ 2,810 ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A Loans held for investment, net ​ ​ 952,678 ​ ​ — ​ ​ — ​ ​ 946,958 ​ ​ 946,958 Accrued interest receivable ​ ​ 6,522 ​ ​ — ​ ​ 529 ​ ​ 5,993 ​ ​ 6,522 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Time deposits ​ ​ 6,352 ​ ​ — ​ ​ 6,231 ​ ​ — ​ ​ 6,231 Demand and other deposits ​ ​ 1,258,020 ​ ​ 1,258,020 ​ ​ — ​ ​ — ​ ​ 1,258,020 Secured borrowings ​ ​ 46 ​ ​ — ​ ​ — ​ ​ 46 ​ ​ 46 Accrued interest payable ​ ​ 17 ​ ​ — ​ ​ 17 ​ ​ — ​ ​ 17 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement at December 31, 2022, Using: ​ ​ Carrying ​ ​ ​ ​ ​ ​ Value (Level 1) (Level 2) (Level 3) Total ​ ​ (In thousands) Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 164,122 ​ $ 164,122 ​ $ — ​ $ — ​ $ 164,122 Securities purchased under agreements to resell, at cost ​ ​ 49,567 ​ ​ — ​ ​ — ​ ​ 49,567 ​ ​ 49,567 Securities, held-to-maturity ​ ​ 78,377 ​ ​ — ​ ​ 69,346 ​ ​ — ​ ​ 69,346 Securities, restricted, at cost ​ ​ 2,810 ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A Loans held for investment, net ​ ​ 935,072 ​ ​ — ​ ​ — ​ ​ 927,481 ​ ​ 927,481 Accrued interest receivable ​ ​ 5,768 ​ ​ — ​ ​ 449 ​ ​ 5,319 ​ ​ 5,768 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Time deposits ​ ​ 19,558 ​ ​ — ​ ​ 19,459 ​ ​ — ​ ​ 19,459 Demand and other deposits ​ ​ 1,208,678 ​ ​ 1,208,678 ​ ​ — ​ ​ — ​ ​ 1,208,678 Secured borrowings ​ ​ 46 ​ ​ — ​ ​ — ​ ​ 46 ​ ​ 46 Accrued interest payable ​ ​ 30 ​ ​ — ​ ​ 30 ​ ​ — ​ ​ 30 ​

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2023
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive (Loss) Income	NOTE 9 — Accumulated Other Comprehensive Loss The following presents changes in accumulated other comprehensive loss by component, net of tax, for the three months ended March 31, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ ​ 2023 2022 ​ (In thousands) Unrealized (Losses) Gains on Securities Available-for-Sale ​ ​ ​ ​ ​ ​ Beginning balance ​ $ (15,117) ​ $ (850) Other comprehensive income (loss) before reclassifications, net of tax ​ ​ 1,385 ​ ​ (6,194) Amounts reclassified from accumulated other comprehensive income (loss) ​ ​ — ​ ​ — Net current period other comprehensive income (loss) ​ ​ 1,385 ​ ​ (6,194) Ending balance ​ $ (13,732) ​ $ (7,044) ​ There were no reclassifications out of accumulated other comprehensive loss for the three months ended March 31, 2023 and 2022.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
Basis of Presentation and Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation The Interim Consolidated Financial Statements including the accounts of Esquire Financial Holdings, Inc. and its wholly owned subsidiary, Esquire Bank, N.A., are collectively referred to as “the Company.” All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying unaudited Interim Condensed Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles for interim financial information. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial information. In the opinion of management, the interim statements reflect all adjustments necessary for a fair presentation of the financial position, results of operations and cash flows of the Company on a consolidated basis and all such adjustments are recurring in nature. These financial statements and the accompanying notes should be read in conjunction with the Company’s audited financial statements for the years ended December 31, 2022 and 2021. Operating results for the three months ended March 31, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023 or any other period. Certain balances in the prior year financial statements were reclassified to conform to current presentation. The reclassifications had no effect on prior year net income or stockholders’ equity.
Risks and Uncertainties	Risks and Uncertainties In March 2023, the FDIC was appointed as receiver for Silicon Valley Bank and Signature Bank after they experienced runs on deposits and other liquidity constraints. At the time, Silicon Valley Bank and Signature Bank were the 16th and 29th largest banks in the United States, respectively, as measured by total assets as of December 31, 2022. Following the failures of Silicon Valley Bank and Signature Bank, on May 1, 2023, First Republic Bank was closed by the California Department of Financial Protection and Innovation, which appointed the FDIC as receiver. The closures of those banks and adverse developments affecting other banks have resulted in heightened levels of market activity and volatility. The impact of market volatility from the adverse developments in the banking industry along with continued high inflation and rising interest rates on our business and related financial results will depend on future developments, which are highly uncertain and difficult to predict.
Subsequent Events	Subsequent Events The Company has evaluated events for recognition and disclosure through the date of issuance.
Investment in Variable Interest Entity	Investment in Variable Interest Entity On April 1, 2022, the Company sold its legacy National Football League (“NFL”) consumer post-settlement loan portfolio to a variable interest entity (“VIE”) in exchange for a nonvoting interest valued at $13.5 million where the Company will remain as servicer of the loan portfolio at the discretion of the VIE manager. The Company’s investment is considered a significant variable interest, but it does not have the power to direct the activities that most significantly impact the VIE’s economic performance. Therefore, the Company is not considered the primary beneficiary of this VIE and does not consolidate the entity in the Company’s financial statements. The Company’s maximum exposure to loss is limited to the carrying amount of its investment and accounted for under the equity method which is presented within other assets on the Consolidated Statement of Financial Condition. As of March 31, 2023, the investment’s carrying amount was $12.6 million.
Loss Contingencies	Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there now are such matters that will have a material effect on the Consolidated Financial Statements.
Adoption of New Accounting Standards	Adoption of New Accounting Standards On January 1, 2023, the Company adopted Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”, as amended, which replaces the incurred loss methodology with an expected loss methodology, referred to as the “current expected credit loss” (“CECL” or the “CECL Standard”) methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and securities held-to-maturity, as well as off-balance sheet credit exposures, including loan commitments, standby letters of credit, and financial guarantees. It will significantly change estimates of credit losses related to financial assets measured at amortized cost, including loans receivable and certain other contracts. In addition, the CECL Standard made changes to the accounting for available-for-sale securities. One such change is to require credit losses to be presented as an allowance rather than as a write-down on available-for-sale securities that management does not intend to sell or believes that it is more likely than not they will be required to sell. The Company adopted the CECL Standard using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for reporting periods beginning after January 1, 2023, are presented under the CECL Standard while prior period amounts continue to be reported in accordance with previously applicable GAAP with a cumulative effect adjustment as of the beginning of the reporting period. The adoption of the CECL Standard resulted in an initial increase of $283 thousand to the allowance for credit losses and an increase of $500 thousand to the reserve for unfunded commitments in other liabilities. The after-tax cumulative effect of adopting the CECL Standard was a decrease to retained earnings of $568 thousand as of January 1, 2023. The following table illustrates the allowance for credit losses impact of the CECL Standard: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ January 1, 2023 ​ ​ As Reported ​ ​ ​ ​ ​ Impact of ​ ​ Under ​ ​ Pre-CECL ​ ​ CECL ​ ​ CECL ​ ​ Adoption ​ ​ Adoption ​ (In thousands) Assets: ​ ​ ​ ​ ​ ​ ​ ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ Multifamily $ 2,025 ​ $ 2,017 ​ $ 8 Commercial real estate ​ 913 ​ ​ 1,022 ​ ​ (109) 1 – 4 family ​ 61 ​ ​ 192 ​ ​ (131) Commercial ​ 9,159 ​ ​ 8,645 ​ ​ 514 Consumer ​ 348 ​ ​ 347 ​ ​ 1 Allowance for credit losses on loans $ 12,506 ​ $ 12,223 ​ $ 283 ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses on unfunded commitments $ 500 ​ $ — ​ $ 500 ​ Allowance for credit losses on loans held for investment. The methodology for determining the allowance for credit losses on loans held for investment is considered a critical accounting policy by management given the judgment required for determining assumptions used, uncertainty of economic forecasts, and subjectivity of any qualitative factors considered. The Company utilizes the Static Pool methodology to evaluate the adequacy of the allowance for credit losses for its entire loan portfolio. The Static Pool methodology leverages the historical loss rates on a pool of loans over a period equal to the weighted average remaining life of the portfolio. The Company incorporates reasonable and supportable forecasts as qualitative adjustments applied to the historical loss rates over the reasonable and supportable forecast period, with reversion to historical loss rates thereafter. The Company has elected a one-year reasonable and supportable forecast period and straight-line reversion to the historical loss rate over a one-year period. Forecast adjustments reflect the extent to which the Company expects current conditions and reasonable and supportable forecasts to differ from the conditions that existed for the period over which historical information was evaluated. Further adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, or term, as well as changes in environmental conditions, such as unemployment rates, property values, or other relevant factors. Management evaluates the adequacy of the allowance on a quarterly basis. The CECL Standard requires an entity to assess whether financial assets share similar risk characteristics. If similar risk characteristics exist, management must measure expected credit losses of financial assets on a collective (pool) basis, considering the risk associated with the designated pool. If similar risk characteristics do not exist based on various factors, management must measure the financial asset for expected credit losses on an individual basis. Management may consider changes to a borrower’s circumstances impacting cash collections, delinquency and non-accrual status, probability of default, industry, or other facts and circumstances when determining whether a loan shares risk characteristics with other loans in a pool. For a loan that does not share risk characteristics with other loans in a pool and is not collateral dependent, expected credit loss is measured based on the discounted value of the expected future cash flows and the amortized cost of the loan. If an entity determines that foreclosure of the collateral is probable, or that the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral, the CECL Standard requires the entity to measure expected credit losses of collateral dependent loans based on the difference between the current fair value of the collateral and the amortized cost basis of the financial asset. The fair value of the collateral is adjusted for estimated costs to sell the collateral in instances where the repayment of the loan is dependent on the sale of the collateral. As of March 31, 2023, there were no individually analyzed loans and no collateral dependent loans on the Consolidated Statements of Financial Condition. The Company evaluates its loan pooling methodology at least annually. The Company has identified the following portfolio segments and measures the allowance for credit losses using the following methods: Commercial Loans and Lines of Credit (“Commercial”). Consumer. Multifamily. Commercial Real Estate (“CRE”). 1 – 4 Family. Accrued Interest Receivable. Nonaccrual. but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Off-Balance Sheet Credit Exposures Allowance for credit losses on securities held-to-maturity. Allowance for credit losses on securities available-for-sale. Changes in the allowance for credit losses are recorded as credit loss expense (or reversal). Losses are charged against the allowance when management believes the uncollectibility of an available-for-sale security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on securities available-for-sale is excluded from the Company’s estimate of credit losses. On January 1, 2023, the Company adopted ASU 2022-02, “Financial Instruments — Credit Losses (Topic 326): Troubled Debt Restructuring and Vintage Disclosures”. ASU 2022-02 eliminates the accounting guidance for TDRs by creditors in Subtopic 310-40, “Receivables — Troubled Debt Restructurings by Creditors”, while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. Additionally, the amendments in this ASU require that public business entities disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of ASU 326-20, “Financial Instruments — Credit Losses: Measured at Amortized Cost”. The adoption of the standard did not have an impact on the Company’s operating results or financial condition as there are no TDRs on January 1, 2023. Pursuant to this update, the allowance for credit losses does not need to consider anticipatory TDRs and a discounted cash flow methodology is no longer required for interest rate concessions and term extension modifications. Further, disclosure requirements which were previously relevant for TDRs have been amended and expanded generally for modifications to borrowers experiencing financial difficulty (explained further below). The Company has determined to adopt the ASU prospectively meaning that the previously applicable accounting requirements for specific allowance measurement of TDRs no longer applies to modifications executed after January 1, 2023. The Company has not historically identified TDRs prior to adoption of this ASU, and therefore does not need to determine the continued allowance measurement approach for TDRs that existed prior to January 1, 2023 because the Company has none. The Company continues to apply the guidance in ASC 310-20-35-9 through 35-11 to determine whether a modification results in a new loan or continuation of an existing loan. If the terms of the new loan resulting from refinancing or restructuring are as favorable to the lender as the terms for comparable loans to other customers with similar risk characteristics who are not refinancing or modifying the loan with the lender, then the modification or refinancing would be accounted for as a new loan. To meet this condition, the new loan’s effective yield must be at least equal to the yield for similar loans and that the modifications of the original loan are more than minor. In this situation, any unamortized fees or costs and any prepayment penalties from the original loan are recognized in interest income. If the characteristics of the modifications do not meet those above (thus are not considered more than minor), the unamortized fees and costs will be carried forward in the amortized cost basis of the modified loan, along with any new fees received and direct costs associated with the restructuring. A modification is considered more than minor if the present value of the cash flows under the terms of the new loan are at least 10% different from the present value of cash flows under the original terms. To the extent that the allowance for credit losses on modifications is estimated through use of a discounted cash flow methodology, beginning January 1, 2023, the effective interest rate used in this measurement calculation shall be based on the post-modified contractual rate rather than the original rate of the note. Because the TDR concept no longer applies for modifications after January 1, 2023, the second TDR criterion (that a concession be provided to the borrower) is also no longer relevant to these modifications. ASU 2022-02 amends and expands modification disclosure requirements and applies to modifications to borrowers experiencing financial difficulty.
Equity Investment Without Readily Determinable Fair Value	Equity Investment Without Readily Determinable Fair Value In 2018, the Company purchased a 4.95% interest in Litify, Inc., a technology solution to automate and manage a law firm’s business and cases, for a cost of $2.4 million. As Litify, Inc. is a private company, the investment does not have a readily determinable fair value and management has elected to determine the recorded carrying amount based on its cost adjusted for observable price changes less impairment. In February 2023, Litify, Inc. was reorganized into a partnership and an unrelated third party acquired a majority ownership in the reorganized entity. As party to the reorganization and sale transaction, a majority ownership of the Company’s partnership interests was exchanged for cash and undiscounted noncash consideration of approximately $5.4 million. As a result, the Company recognized a gain on its investment of $4.0 million in the first quarter of 2023. At March 31, 2023, the equity investment’s carrying amount was $1.6 million compared to a carrying amount of $2.4 million at December 31, 2022. In addition, the Company has recorded a note receivable of $1.1 million as of March 31, 2023 related to the restructuring. The equity investment and note receivable are presented within Other assets on the Consolidated Statements of Financial Condition.

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2023
Basis of Presentation and Summary of Significant Accounting Policies
Schedule of Current Expected Credit Losses (CECL) accounting standards adoption	The following table illustrates the allowance for credit losses impact of the CECL Standard: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ January 1, 2023 ​ ​ As Reported ​ ​ ​ ​ ​ Impact of ​ ​ Under ​ ​ Pre-CECL ​ ​ CECL ​ ​ CECL ​ ​ Adoption ​ ​ Adoption ​ (In thousands) Assets: ​ ​ ​ ​ ​ ​ ​ ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ Multifamily $ 2,025 ​ $ 2,017 ​ $ 8 Commercial real estate ​ 913 ​ ​ 1,022 ​ ​ (109) 1 – 4 family ​ 61 ​ ​ 192 ​ ​ (131) Commercial ​ 9,159 ​ ​ 8,645 ​ ​ 514 Consumer ​ 348 ​ ​ 347 ​ ​ 1 Allowance for credit losses on loans $ 12,506 ​ $ 12,223 ​ $ 283 ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses on unfunded commitments $ 500 ​ $ — ​ $ 500 ​

Debt Securities (Tables)

Debt Securities (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Securities
Schedule of amortized cost, gross unrealized gains and losses and estimated fair value of securities available-for-sale and held to maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair ​ Cost Gains Losses Value ​ ​ (In thousands) Securities available-for-sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities – agency ​ $ 109,098 ​ $ — ​ $ (16,829) ​ $ 92,269 Collateralized mortgage obligations ("CMOs") – agency ​ ​ 17,778 ​ ​ — ​ ​ (2,111) ​ ​ 15,667 Total available-for-sale ​ $ 126,876 ​ $ — ​ $ (18,940) ​ $ 107,936 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Amortized ​ Unrecognized ​ Unrecognized ​ Fair ​ ​ Cost Gains Losses Value ​ ​ (In thousands) Securities held-to-maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CMOs – agency ​ $ 76,931 ​ $ — ​ $ (7,808) ​ $ 69,123 Total held-to-maturity ​ $ 76,931 ​ $ — ​ $ (7,808) ​ $ 69,123 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair ​ ​ Cost Gains Losses Value ​ ​ (In thousands) Securities available-for-sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities – agency ​ $ 111,445 ​ $ — ​ $ (18,500) ​ $ 92,945 CMOs – agency ​ ​ 18,675 ​ ​ — ​ ​ (2,351) ​ ​ 16,324 Total available-for-sale ​ $ 130,120 ​ $ — ​ $ (20,851) ​ $ 109,269 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Amortized ​ Unrecognized ​ Unrecognized ​ Fair ​ ​ Cost Gains Losses Value ​ ​ (In thousands) Securities held-to-maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CMOs – agency ​ $ 78,377 ​ $ — ​ $ (9,031) ​ $ 69,346 Total held-to-maturity ​ $ 78,377 ​ $ — ​ $ (9,031) ​ $ 69,346 ​
Schedule of gross unrealized losses and fair value, securities in continuous unrealized loss position	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ ​ Less Than 12 Months ​ 12 Months or Longer ​ Total ​ Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses ​ ​ (In thousands) Securities available-for-sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities – agency ​ $ 7,245 ​ $ (466) ​ $ 85,024 ​ $ (16,363) ​ $ 92,269 ​ $ (16,829) CMOs – agency ​ ​ 690 ​ ​ (10) ​ ​ 14,977 ​ ​ (2,101) ​ ​ 15,667 ​ ​ (2,111) Total available-for-sale ​ $ 7,935 ​ $ (476) ​ $ 100,001 ​ $ (18,464) ​ $ 107,936 ​ $ (18,940) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Longer ​ Total ​ Fair Value Gross Unrecognized Losses Fair Value Gross Unrecognized Losses Fair Value Gross Unrecognized Losses ​ ​ (In thousands) Securities held-to-maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CMOs – agency ​ $ 31,399 ​ $ (1,519) ​ $ 37,724 ​ $ (6,289) ​ $ 69,123 ​ $ (7,808) Total held-to-maturity ​ $ 31,399 ​ $ (1,519) ​ $ 37,724 ​ $ (6,289) ​ $ 69,123 ​ $ (7,808) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Less Than 12 Months ​ 12 Months or Longer ​ Total ​ ​ Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses ​ ​ (In thousands) Securities available-for-sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities - agency ​ $ 8,902 ​ $ (725) ​ $ 84,043 ​ $ (17,775) ​ $ 92,945 ​ $ (18,500) CMOs - agency ​ ​ 11,798 ​ ​ (992) ​ ​ 4,526 ​ ​ (1,359) ​ ​ 16,324 ​ ​ (2,351) Total available-for-sale ​ $ 20,700 ​ $ (1,717) ​ $ 88,569 ​ $ (19,134) ​ $ 109,269 ​ $ (20,851) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Longer ​ Total ​ Fair Value Gross Unrecognized Losses Fair Value Gross Unrecognized Losses Fair Value Gross Unrecognized Losses ​ ​ (In thousands) Securities held-to-maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CMOs – agency ​ $ 69,346 ​ $ (9,031) ​ $ — ​ $ — ​ $ 69,346 ​ $ (9,031) Total held-to-maturity ​ $ 69,346 ​ $ (9,031) ​ $ — ​ $ — ​ $ 69,346 ​ $ (9,031) ​

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2023
Loans
Schedule of composition of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2023 ​ 2022 ​ ​ (In thousands) Real estate: ​ ​ ​ Multifamily ​ $ 274,656 ​ $ 262,489 Commercial real estate ​ 91,493 ​ 91,837 1 – 4 family ​ ​ 21,730 ​ ​ 25,565 Construction ​ — ​ — Total real estate ​ 387,879 ​ 379,891 Commercial ​ 565,927 ​ 552,082 Consumer ​ 13,116 ​ 16,580 Total loans held for investment ​ ​ 966,922 ​ ​ 948,553 Deferred fees and unearned premiums, net ​ (1,292) ​ (1,258) Allowance for credit losses ​ (12,952) ​ (12,223) Loans held for investment, net ​ $ 952,678 ​ $ 935,072 ​
Schedule of activity in allowance for loan losses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ Multifamily ​ Real Estate ​ 1 ‑ 4 Family ​ Construction ​ Commercial ​ Consumer ​ Total ​ ​ (In thousands) March 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance, prior to adoption of CECL Standard ​ $ 2,017 ​ $ 1,022 ​ $ 192 ​ $ — ​ $ 8,645 ​ $ 347 ​ $ 12,223 Impact of adopting CECL Standard ​ ​ 8 ​ ​ (109) ​ ​ (131) ​ ​ — ​ ​ 514 ​ ​ 1 ​ ​ 283 Provision (credit) for credit losses ​ ​ 81 ​ ​ (28) ​ ​ (7) ​ ​ — ​ ​ 429 ​ ​ 25 ​ ​ 500 Recoveries ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ — ​ ​ — Loans charged-off ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (54) ​ ​ (54) Total ending allowance balance ​ $ 2,106 ​ $ 885 ​ $ 54 ​ $ — ​ $ 9,588 ​ $ 319 ​ $ 12,952 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 1,789 ​ $ 552 ​ $ 285 ​ $ — ​ $ 6,319 ​ $ 131 ​ $ 9,076 Provision (credit) for credit losses ​ ​ 253 ​ ​ 136 ​ ​ (54) ​ ​ — ​ ​ 254 ​ ​ 51 ​ ​ 640 Recoveries ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ ​ — ​ ​ 2 Loans charged-off ​ ​ (178) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (49) ​ ​ (227) Total ending allowance balance ​ $ 1,864 ​ $ 688 ​ $ 231 ​ $ — ​ $ 6,575 ​ $ 133 ​ $ 9,491 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ Real Estate ​ 1 ‑ 4 Family ​ Construction ​ Commercial ​ Consumer ​ Total ​ ​ (In thousands) December 31, 2022 ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ Ending allowance balance attributable to loans: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Collectively evaluated for impairment ​ 2,017 ​ 1,022 ​ 192 ​ — ​ 8,645 ​ 347 ​ 12,223 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ending allowance balance ​ $ 2,017 ​ $ 1,022 ​ $ 192 ​ $ — ​ $ 8,645 ​ $ 347 ​ $ 12,223 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ ​ ​ ​ ​ ​ ​ Loans individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Loans collectively evaluated for impairment ​ 262,489 ​ 91,837 ​ 25,565 ​ — ​ 552,082 ​ 16,580 ​ 948,553 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ending loans balance ​ $ 262,489 ​ $ 91,837 ​ $ 25,565 ​ $ — ​ $ 552,082 ​ $ 16,580 ​ $ 948,553 ​
Schedule of aging of recorded investment in past due loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Past ​ ​ ​ ​ ​ ​ ​ ​ 30-59 ​ 60-89 ​ 90 Days ​ ​ ​ ​ Due & ​ ​ ​ ​ ​ ​ ​ ​ Days ​ Days ​ or More ​ Nonaccrual ​ Nonaccrual ​ Loans Not ​ ​ ​ ​ Past Due Past Due Past Due Loans Loans Past Due Total ​ ​ (In thousands) March 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 274,656 ​ $ 274,656 Commercial real estate ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 91,493 ​ ​ 91,493 1 – 4 family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 21,730 ​ ​ 21,730 Construction ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 565,927 ​ ​ 565,927 Consumer ​ ​ 11 ​ ​ 89 ​ ​ — ​ ​ — ​ ​ 100 ​ ​ 13,016 ​ ​ 13,116 Total ​ $ 11 ​ $ 89 ​ $ — ​ $ — ​ $ 100 ​ $ 966,822 ​ $ 966,922 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Past ​ ​ ​ ​ ​ ​ ​ ​ 30-59 ​ 60-89 ​ 90 Days ​ ​ ​ ​ Due & ​ ​ ​ ​ ​ ​ ​ ​ Days ​ Days ​ or More ​ Nonaccrual ​ Nonaccrual ​ Loans Not ​ ​ ​ ​ Past Due Past Due Past Due Loans Loans Past Due Total ​ ​ (In thousands) December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 262,489 ​ $ 262,489 Commercial real estate ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 91,837 ​ ​ 91,837 1 – 4 family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 25,565 ​ ​ 25,565 Construction ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 552,082 ​ ​ 552,082 Consumer ​ ​ 36 ​ ​ 8 ​ ​ — ​ ​ 4 ​ ​ 48 ​ ​ 16,532 ​ ​ 16,580 Total ​ $ 36 ​ $ 8 ​ $ — ​ $ 4 ​ $ 48 ​ $ 948,505 ​ $ 948,553 ​
Schedule of risk category of loans	The following is a summary of the credit risk profile of loans by internally assigned grade as of the periods indicated, the years represent the year of originations for non-revolving loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ 2018 and Prior ​ Revolving ​ Revolving-Term ​ Total ​ (In thousands) Multifamily: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 16,757 ​ $ 29,407 ​ $ 111,509 ​ $ 34,961 ​ $ 23,803 ​ $ 57,576 ​ $ — ​ $ — ​ $ 274,013 Special Mention ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 721 ​ ​ — ​ ​ — ​ ​ 721 Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ 16,757 ​ ​ 29,407 ​ ​ 111,509 ​ ​ 34,961 ​ ​ 23,803 ​ ​ 58,297 ​ ​ — ​ ​ — ​ ​ 274,734 Current period gross charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ — ​ ​ 59,034 ​ ​ 10,737 ​ ​ 1,785 ​ ​ 5,763 ​ ​ 10,291 ​ ​ — ​ ​ — ​ ​ 87,610 Special Mention ​ 3,826 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,826 Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ 3,826 ​ ​ 59,034 ​ ​ 10,737 ​ ​ 1,785 ​ ​ 5,763 ​ ​ 10,291 ​ ​ — ​ ​ — ​ ​ 91,436 Current period gross charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1-4 family: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ — ​ ​ 1,888 ​ ​ — ​ ​ — ​ ​ 4,354 ​ ​ 15,493 ​ ​ — ​ ​ — ​ ​ 21,735 Special Mention ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ — ​ ​ 1,888 ​ ​ — ​ ​ — ​ ​ 4,354 ​ ​ 15,493 ​ ​ — ​ ​ — ​ ​ 21,735 Current period gross charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ 22,396 ​ ​ 80,459 ​ ​ 17,828 ​ ​ 688 ​ ​ 1,760 ​ ​ 546 ​ ​ 434,793 ​ ​ 4,445 ​ ​ 562,915 Special Mention ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,526 ​ ​ — ​ ​ 1,526 Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ 22,396 ​ ​ 80,459 ​ ​ 17,828 ​ ​ 688 ​ ​ 1,760 ​ ​ 546 ​ ​ 436,319 ​ ​ 4,445 ​ ​ 564,441 Current period gross charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ 1,126 ​ ​ 9,562 ​ ​ 475 ​ ​ 458 ​ ​ 1,242 ​ ​ 52 ​ ​ 369 ​ ​ — ​ ​ 13,284 Special Mention ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ 1,126 ​ ​ 9,562 ​ ​ 475 ​ ​ 458 ​ ​ 1,242 ​ ​ 52 ​ ​ 369 ​ ​ — ​ ​ 13,284 Current period gross charge-offs ​ — ​ ​ 44 ​ ​ 10 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 54 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ 40,279 ​ ​ 180,350 ​ ​ 140,549 ​ ​ 37,892 ​ ​ 36,922 ​ ​ 83,958 ​ ​ 435,162 ​ ​ 4,445 ​ ​ 959,557 Special Mention ​ 3,826 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ - ​ ​ 1,526 ​ ​ — ​ ​ 5,352 Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 721 ​ ​ — ​ ​ — ​ ​ 721 Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total loans $ 44,105 ​ $ 180,350 ​ $ 140,549 ​ $ 37,892 ​ $ 36,922 ​ $ 84,679 ​ $ 436,688 ​ $ 4,445 ​ $ 965,630 Total current period gross charge-offs $ — ​ $ 44 ​ $ 10 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 54 ​ The risk category of loans by class of loans as of December 31, 2022 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass Special Mention Substandard Doubtful ​ ​ (In thousands) December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ $ 258,413 ​ $ 3,355 ​ $ 721 ​ $ — Commercial real estate ​ ​ 88,019 ​ ​ 3,818 ​ ​ — ​ ​ — 1 – 4 family ​ ​ 25,565 ​ ​ — ​ ​ — ​ ​ — Construction ​ ​ — ​ ​ — ​ ​ — ​ ​ — Commercial ​ ​ 547,412 ​ ​ 4,670 ​ ​ — ​ ​ — Consumer ​ ​ 14,692 ​ ​ 1,888 ​ ​ — ​ ​ — Total ​ $ 934,101 ​ $ 13,731 ​ $ 721 ​ $ — ​

Noninterest Income (Tables)

Noninterest Income (Tables)	3 Months Ended
	Mar. 31, 2023
Noninterest Income.
Schedule of Consolidated of Income as components of noninterest income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2023 2022 ​ ​ (In thousands) Payment processing fees: ​ ​ ​ ​ ​ ​ Payment processing income ​ $ 5,300 ​ $ 5,100 ACH income ​ ​ 213 ​ ​ 216 Total payment processing fees ​ ​ 5,513 ​ ​ 5,316 Customer related fees, service charges and other: ​ ​ ​ ​ ​ ​ Administrative service income ​ ​ 529 ​ ​ 9 Gain on equity investment (1) ​ ​ 4,027 ​ ​ — Gain on loans held for sale (1) ​ ​ — ​ ​ 90 Other ​ ​ 193 ​ ​ 87 Total customer related fees, service charges and other ​ ​ 4,749 ​ ​ 186 Total noninterest income ​ $ 10,262 ​ $ 5,502 (1) Represents a valuation adjustment not within the scope of ASC 606.

Share-Based Payment Plans (Tabl

Share-Based Payment Plans (Tables)	3 Months Ended
	Mar. 31, 2023
Share-Based Payment Plans
Schedule of option activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2023 ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ Weighted ​ Average ​ ​ ​ ​ Average ​ Remaining ​ ​ ​ ​ Exercise ​ Contractual ​ Options Price Life (Years) Outstanding at beginning of year 633,984 ​ $ 18.61 Granted — ​ — Exercised (7,979) ​ 12.85 Forfeited — ​ — Expired — ​ — Outstanding at period end 626,005 ​ $ 18.68 4.70 Vested or expected to vest 626,005 ​ $ 18.68 4.70 Exercisable at period end 514,393 ​ $ 15.23 3.76 ​
Schedule of information related to stock option exercises	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ March 31, ​ 2023 2022 ​ ​ (In thousands) Intrinsic value of options exercised ​ $ 242 ​ $ — Cash received from option exercises ​ ​ 47 ​ ​ — Excess tax benefit from option exercises ​ ​ 57 ​ ​ — ​
Schedule of activity related to restricted stock	​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2023 ​ ​ ​ ​ Weighted Average ​ ​ ​ ​ Grant Date ​ ​ Shares ​ Fair Value Outstanding at beginning of year 503,225 $ 27.92 Granted — ​ ​ — Vested (20,500) ​ ​ 19.25 Forfeited — ​ ​ — Outstanding at period end 482,725 $ 28.28 ​

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings per Share
Schedule of earnings per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ March 31, ​ 2023 2022 ​ ​ (Dollars in thousands, except per share data) Basic: ​ ​ ​ ​ ​ ​ Net income ​ $ 12,179 ​ $ 5,342 Weighted average shares outstanding ​ ​ 7,708,745 ​ ​ 7,620,241 Basic earnings per share ​ $ 1.58 ​ $ 0.70 ​ ​ ​ ​ ​ ​ ​ Diluted: ​ ​ ​ ​ ​ ​ Net income ​ $ 12,179 ​ $ 5,342 Weighted average shares outstanding for basic earnings per share ​ ​ 7,708,745 ​ ​ 7,620,241 Add: Dilutive effects of share based awards ​ ​ 593,888 ​ ​ 527,234 Weighted average shares and dilutive potential shares ​ ​ 8,302,633 ​ ​ 8,147,475 Diluted earnings per share ​ $ 1.47 ​ $ 0.66 ​

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2023
Leases
Schedule of maturities of operating lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ Operating Lease ​ ​ ​ Liabilities ​ ​ ​ (In thousands) 2023 ​ $ 483 2024 ​ 784 2025 ​ 803 2026 ​ 754 2027 ​ — Thereafter ​ — Total operating lease payments ​ ​ 2,824 Less: interest ​ ​ 148 Present value of operating lease liabilities ​ $ 2,676 ​
Schedule of lease assumptions	​
Schedule of lease cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ March 31, ​ ​ 2023 ​ 2022 ​ ​ (In thousands) Operating lease cost ​ $ 159 ​ $ 142 Short-term lease cost ​ ​ 59 ​ ​ — Total lease cost ​ $ 218 ​ $ 142 ​ ​ ​ ​ ​ ​ ​ Cash paid for operating leases ​ $ 216 ​ $ 163

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Measurements
Schedule of assets measured at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ Quoted Prices In Active Markets For Identical Assets ​ Significant Other Observable Inputs ​ Significant Unobservable Inputs ​ (Level 1) (Level 2) (Level 3) ​ ​ (In thousands) March 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities – agency ​ $ — ​ $ 92,269 ​ $ — CMOs – agency ​ ​ — ​ ​ 15,667 ​ ​ — Total available-for-sale ​ $ — ​ $ 107,936 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities – agency ​ $ — ​ $ 92,945 ​ $ — CMOs – agency ​ ​ — ​ ​ 16,324 ​ ​ — Total available-for-sale ​ $ — ​ $ 109,269 ​ $ — ​
Schedule of carrying amounts and fair values of financial instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement at March 31, 2023, Using: ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Value (Level 1) (Level 2) (Level 3) Total ​ ​ (In thousands) Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 203,799 ​ $ 203,799 ​ $ — ​ $ — ​ $ 203,799 Securities purchased under agreements to resell, at cost ​ ​ 49,230 ​ ​ — ​ ​ — ​ ​ 49,230 ​ ​ 49,230 Securities, held-to-maturity ​ ​ 76,931 ​ ​ — ​ ​ 69,123 ​ ​ — ​ ​ 69,123 Securities, restricted, at cost ​ ​ 2,810 ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A Loans held for investment, net ​ ​ 952,678 ​ ​ — ​ ​ — ​ ​ 946,958 ​ ​ 946,958 Accrued interest receivable ​ ​ 6,522 ​ ​ — ​ ​ 529 ​ ​ 5,993 ​ ​ 6,522 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Time deposits ​ ​ 6,352 ​ ​ — ​ ​ 6,231 ​ ​ — ​ ​ 6,231 Demand and other deposits ​ ​ 1,258,020 ​ ​ 1,258,020 ​ ​ — ​ ​ — ​ ​ 1,258,020 Secured borrowings ​ ​ 46 ​ ​ — ​ ​ — ​ ​ 46 ​ ​ 46 Accrued interest payable ​ ​ 17 ​ ​ — ​ ​ 17 ​ ​ — ​ ​ 17 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement at December 31, 2022, Using: ​ ​ Carrying ​ ​ ​ ​ ​ ​ Value (Level 1) (Level 2) (Level 3) Total ​ ​ (In thousands) Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 164,122 ​ $ 164,122 ​ $ — ​ $ — ​ $ 164,122 Securities purchased under agreements to resell, at cost ​ ​ 49,567 ​ ​ — ​ ​ — ​ ​ 49,567 ​ ​ 49,567 Securities, held-to-maturity ​ ​ 78,377 ​ ​ — ​ ​ 69,346 ​ ​ — ​ ​ 69,346 Securities, restricted, at cost ​ ​ 2,810 ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A Loans held for investment, net ​ ​ 935,072 ​ ​ — ​ ​ — ​ ​ 927,481 ​ ​ 927,481 Accrued interest receivable ​ ​ 5,768 ​ ​ — ​ ​ 449 ​ ​ 5,319 ​ ​ 5,768 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Time deposits ​ ​ 19,558 ​ ​ — ​ ​ 19,459 ​ ​ — ​ ​ 19,459 Demand and other deposits ​ ​ 1,208,678 ​ ​ 1,208,678 ​ ​ — ​ ​ — ​ ​ 1,208,678 Secured borrowings ​ ​ 46 ​ ​ — ​ ​ — ​ ​ 46 ​ ​ 46 Accrued interest payable ​ ​ 30 ​ ​ — ​ ​ 30 ​ ​ — ​ ​ 30

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive (Loss) Income (Tables)	3 Months Ended
	Mar. 31, 2023
Accumulated Other Comprehensive Loss
Schedule of changes in accumulated other comprehensive (loss) income by component, net of tax	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ ​ 2023 2022 ​ (In thousands) Unrealized (Losses) Gains on Securities Available-for-Sale ​ ​ ​ ​ ​ ​ Beginning balance ​ $ (15,117) ​ $ (850) Other comprehensive income (loss) before reclassifications, net of tax ​ ​ 1,385 ​ ​ (6,194) Amounts reclassified from accumulated other comprehensive income (loss) ​ ​ — ​ ​ — Net current period other comprehensive income (loss) ​ ​ 1,385 ​ ​ (6,194) Ending balance ​ $ (13,732) ​ $ (7,044) ​

Basis of Presentation and Sum_4

Basis of Presentation and Summary of Significant Accounting Policies - Equity Investments (Details) - USD ($) $ in Millions		1 Months Ended	3 Months Ended
	Apr. 01, 2022	Feb. 28, 2023	Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2018
Litify LLC
Schedule of Equity Method Investments [Line Items]
Equity investment carrying amount			$ 1.6	$ 2.4
Equity investment ownership percentage					4.95%
Equity investment aggregate cost					$ 2.4
Cash and cash equivalents received in partial sale of equity investment		$ 5.4
Gain on equity investment			4
Notes receivable			1.1
Legacy NFL Portfolio | Exchange of Portfolio for Interest in Non-voting VIE
Schedule of Equity Method Investments [Line Items]
Post-settlement loan portfolio fair value	$ 13.5
Non-voting Interest in VIE
Schedule of Equity Method Investments [Line Items]
Equity investment carrying amount			$ 12.6

Basis of Presentation and Sum_5

Basis of Presentation and Summary of Significant Accounting Policies - Adoption of CECL (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jan. 01, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Loans
Allowance for credit losses on loans	$ 12,952		$ 12,223	$ 9,491	$ 9,076
Liabilities
Retained earnings	(88,504)		(77,712)
Real Estate Loans Segment | Multifamily
Loans
Allowance for credit losses on loans	2,106		2,017	1,864	1,789
Real Estate Loans Segment | Commercial real estate
Loans
Allowance for credit losses on loans	885		1,022	688	552
Real Estate Loans Segment | 1-4 family
Loans
Allowance for credit losses on loans	54		192	231	285
Commercial Loans Segment
Loans
Allowance for credit losses on loans	9,588		8,645	6,575	6,319
Consumer Loans Segment
Loans
Allowance for credit losses on loans	$ 319		347	$ 133	$ 131
As Reported Under CECL
Loans
Allowance for credit losses on loans		$ 12,506
Liabilities
Allowance for credit losses on unfunded commitments		500
As Reported Under CECL | Real Estate Loans Segment | Multifamily
Loans
Allowance for credit losses on loans		2,025
As Reported Under CECL | Real Estate Loans Segment | Commercial real estate
Loans
Allowance for credit losses on loans		913
As Reported Under CECL | Real Estate Loans Segment | 1-4 family
Loans
Allowance for credit losses on loans		61
As Reported Under CECL | Commercial Loans Segment
Loans
Allowance for credit losses on loans		9,159
As Reported Under CECL | Consumer Loans Segment
Loans
Allowance for credit losses on loans		348
Pre-CECL Adoption
Loans
Allowance for credit losses on loans		12,223
Pre-CECL Adoption | Real Estate Loans Segment | Multifamily
Loans
Allowance for credit losses on loans		2,017
Pre-CECL Adoption | Real Estate Loans Segment | Commercial real estate
Loans
Allowance for credit losses on loans		1,022
Pre-CECL Adoption | Real Estate Loans Segment | 1-4 family
Loans
Allowance for credit losses on loans		192
Pre-CECL Adoption | Commercial Loans Segment
Loans
Allowance for credit losses on loans		8,645
Pre-CECL Adoption | Consumer Loans Segment
Loans
Allowance for credit losses on loans		347
Impact of CECL Adoption
Loans
Allowance for credit losses on loans		283
Liabilities
Allowance for credit losses on unfunded commitments		500
Impact of CECL Adoption | Real Estate Loans Segment | Multifamily
Loans
Allowance for credit losses on loans		8
Impact of CECL Adoption | Real Estate Loans Segment | Commercial real estate
Loans
Allowance for credit losses on loans		(109)
Impact of CECL Adoption | Real Estate Loans Segment | 1-4 family
Loans
Allowance for credit losses on loans		(131)
Impact of CECL Adoption | Commercial Loans Segment
Loans
Allowance for credit losses on loans		514
Impact of CECL Adoption | Consumer Loans Segment
Loans
Allowance for credit losses on loans		1
Accounting Standards Update 2016-13 | Pre-CECL Adoption
Loans
Allowance for credit losses on loans			12,223
Accounting Standards Update 2016-13 | Pre-CECL Adoption | Real Estate Loans Segment | Multifamily
Loans
Allowance for credit losses on loans			2,017
Accounting Standards Update 2016-13 | Pre-CECL Adoption | Real Estate Loans Segment | Commercial real estate
Loans
Allowance for credit losses on loans			1,022
Accounting Standards Update 2016-13 | Pre-CECL Adoption | Real Estate Loans Segment | 1-4 family
Loans
Allowance for credit losses on loans			192
Accounting Standards Update 2016-13 | Pre-CECL Adoption | Commercial Loans Segment
Loans
Allowance for credit losses on loans			8,645
Accounting Standards Update 2016-13 | Pre-CECL Adoption | Consumer Loans Segment
Loans
Allowance for credit losses on loans			347
Accounting Standards Update 2016-13 | Impact of CECL Adoption
Loans
Allowance for credit losses on loans			283
Accounting Standards Update 2016-13 | Impact of CECL Adoption | Real Estate Loans Segment | Multifamily
Loans
Allowance for credit losses on loans			8
Accounting Standards Update 2016-13 | Impact of CECL Adoption | Real Estate Loans Segment | Commercial real estate
Loans
Allowance for credit losses on loans			(109)
Accounting Standards Update 2016-13 | Impact of CECL Adoption | Real Estate Loans Segment | 1-4 family
Loans
Allowance for credit losses on loans			(131)
Accounting Standards Update 2016-13 | Impact of CECL Adoption | Commercial Loans Segment
Loans
Allowance for credit losses on loans			514
Accounting Standards Update 2016-13 | Impact of CECL Adoption | Consumer Loans Segment
Loans
Allowance for credit losses on loans			$ 1
Accounting Standards Update 2016-13 | Cumulative Effect, Period of Adoption, Adjustment
Loans
Allowance for credit losses on loans		283
Liabilities
Allowance for credit losses on unfunded commitments		500
Retained earnings		$ 568

Basis of Presentation and Sum_6

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Details)	3 Months Ended
	Mar. 31, 2023 USD ($)
Financing Receivable, Recorded Investment, Past Due [Line Items]
Forecast period for expected loan losses	1 year
Held-to-maturity securities, historical credit losses	$ 0
Held-to-maturity securities, allowance for credit losses	0
Available-for-sale securities, expected credit losses	0
Available-for-sale securities, allowance for credit losses	$ 0
Minimum
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan modifications, threshold to determine minor changes	10%
Nonaccrual Loans Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Days of non-payment before delinquent	90 days
Days of non-payment until charged-off	120 days
Days on non-payment until loan reclassified as nonaccrual	90 days

Debt Securities - Summary of re

Debt Securities - Summary of reconciliation of amortized cost to fair value (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 126,876	$ 130,120
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(18,940)	(20,851)
Fair Value	107,936	109,269
Mortgage-backed securities - agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	109,098	111,445
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(16,829)	(18,500)
Fair Value	92,269	92,945
CMO's - agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	17,778	18,675
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(2,111)	(2,351)
Fair Value	$ 15,667	$ 16,324

Debt Securities - summary of _2

Debt Securities - summary of reconciliation of amortized cost to fair value for held-to-maturity securities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 76,931	$ 78,377
Gross Unrecognized Gains	0	0
Gross Unrecognized Losses	(7,808)	(9,031)
Fair Value	69,123	69,346
CMO's - agency
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	76,931	78,377
Gross Unrecognized Gains	0	0
Gross Unrecognized Losses	(7,808)	(9,031)
Fair Value	$ 69,123	$ 69,346

Debt Securities - Summary of un

Debt Securities - Summary of unrealized loss position, available for sale securities (Details) - Temporarily Impaired Securities - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than 12 Months	$ 7,935	$ 20,700
Gross Unrealized Losses, Less than 12 Months	(476)	(1,717)
Fair Value, 12 Months or Longer	100,001	88,569
Gross Unrealized Losses, 12 Months or Longer	(18,464)	(19,134)
Fair Value, Total	107,936	109,269
Gross Unrealized Losses, Total	(18,940)	(20,851)
Mortgage-backed securities - agency
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than 12 Months	7,245	8,902
Gross Unrealized Losses, Less than 12 Months	(466)	(725)
Fair Value, 12 Months or Longer	85,024	84,043
Gross Unrealized Losses, 12 Months or Longer	(16,363)	(17,775)
Fair Value, Total	92,269	92,945
Gross Unrealized Losses, Total	(16,829)	(18,500)
CMO's - agency
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than 12 Months	690	11,798
Gross Unrealized Losses, Less than 12 Months	(10)	(992)
Fair Value, 12 Months or Longer	14,977	4,526
Gross Unrealized Losses, 12 Months or Longer	(2,101)	(1,359)
Fair Value, Total	15,667	16,324
Gross Unrealized Losses, Total	$ (2,111)	$ (2,351)

Debt Securities - Summary of _3

Debt Securities - Summary of unrealized loss position, held to maturity securities (Details) - Temporarily Impaired Securities - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Schedule of Held-to-maturity Securities [Line Items]
Fair Value, Less than 12 Months	$ 31,399	$ 69,346
Gross Unrecognized Losses, Less than 12 Months	(1,519)	(9,031)
Fair Value, 12 Months or Longer	37,724
Gross Unrecognized Losses, 12 Months or Longer	(6,289)
Fair Value, Total	69,123	69,346
Gross Unrecognized Losses, Total	(7,808)	(9,031)
CMO's - agency
Schedule of Held-to-maturity Securities [Line Items]
Fair Value, Less than 12 Months	31,399	69,346
Gross Unrecognized Losses, Less than 12 Months	(1,519)	(9,031)
Fair Value, 12 Months or Longer	37,724
Gross Unrecognized Losses, 12 Months or Longer	(6,289)
Fair Value, Total	69,123	69,346
Gross Unrecognized Losses, Total	$ (7,808)	$ (9,031)

Debt Securities - Additional In

Debt Securities - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Sales or calls of securities	$ 0	$ 0
Fair value of pledged securities	2,810,000		$ 2,810,000
Available-for-sale securities, allowance for credit losses	0
Held-to-maturity securities, allowance for credit losses	0
Accrued interest, available-for-sale securities	405,000
Federal Home Loan Bank Advances
Debt Securities, Available-for-sale [Line Items]
Short-term debt	0		0
Federal Reserve Bank Advances
Debt Securities, Available-for-sale [Line Items]
Short-term debt	0		0
Federal Reserve Bank of New York (FRB)
Debt Securities, Available-for-sale [Line Items]
Fair value of pledged securities	36,600,000		37,100,000
Securities pledged borrowed amount	36,600,000		36,100,000
Federal Home Loan Bank of New York (FHLB)
Debt Securities, Available-for-sale [Line Items]
Fair value of pledged securities	140,400,000		141,500,000
Securities pledged borrowed amount	$ 133,600,000		$ 135,100,000

Loans - Summary of loan composi

Loans - Summary of loan compositions by class (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Total loans held for investment	$ 966,922	$ 948,553
Deferred loan fees and unearned premiums, net	(1,292)	(1,258)
Allowance for loan losses	(12,952)	(12,223)	$ (9,491)	$ (9,076)
Loans held for investment, net	952,678	935,072
Real Estate Loans Segment
Loans and Leases Receivable Disclosure [Line Items]
Total loans held for investment	387,879	379,891
Real Estate Loans Segment | Multifamily
Loans and Leases Receivable Disclosure [Line Items]
Total loans held for investment	274,656	262,489
Allowance for loan losses	(2,106)	(2,017)	(1,864)	(1,789)
Real Estate Loans Segment | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans held for investment	91,493	91,837
Allowance for loan losses	(885)	(1,022)	(688)	(552)
Real Estate Loans Segment | 1-4 family
Loans and Leases Receivable Disclosure [Line Items]
Total loans held for investment	21,730	25,565
Allowance for loan losses	(54)	(192)	(231)	(285)
Commercial Loans Segment
Loans and Leases Receivable Disclosure [Line Items]
Total loans held for investment	565,927	552,082
Allowance for loan losses	(9,588)	(8,645)	(6,575)	(6,319)
Consumer Loans Segment
Loans and Leases Receivable Disclosure [Line Items]
Total loans held for investment	13,116	16,580
Allowance for loan losses	$ (319)	$ (347)	$ (133)	$ (131)

Loans - Summary of activity in

Loans - Summary of activity in allowance for loan losses by class (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Allowance for loan losses:
Beginning balance	$ 12,223	$ 9,076
Provision (credit) for loan losses	500	640
Recoveries	0	2
Loans charged-off	(54)	(227)
Total ending allowance balance	12,952	9,491
Accounting Standards Update 2016-13 | Pre-CECL Adoption
Allowance for loan losses:
Beginning balance	12,223
Accounting Standards Update 2016-13 | Impact of CECL Adoption
Allowance for loan losses:
Beginning balance	283
Real Estate Loans Segment | Multifamily
Allowance for loan losses:
Beginning balance	2,017	1,789
Provision (credit) for loan losses	81	253
Recoveries	0	0
Loans charged-off	0	(178)
Total ending allowance balance	2,106	1,864
Real Estate Loans Segment | Multifamily | Accounting Standards Update 2016-13 | Pre-CECL Adoption
Allowance for loan losses:
Beginning balance	2,017
Real Estate Loans Segment | Multifamily | Accounting Standards Update 2016-13 | Impact of CECL Adoption
Allowance for loan losses:
Beginning balance	8
Real Estate Loans Segment | Commercial real estate
Allowance for loan losses:
Beginning balance	1,022	552
Provision (credit) for loan losses	(28)	136
Recoveries	0	0
Loans charged-off	0	0
Total ending allowance balance	885	688
Real Estate Loans Segment | Commercial real estate | Accounting Standards Update 2016-13 | Pre-CECL Adoption
Allowance for loan losses:
Beginning balance	1,022
Real Estate Loans Segment | Commercial real estate | Accounting Standards Update 2016-13 | Impact of CECL Adoption
Allowance for loan losses:
Beginning balance	(109)
Real Estate Loans Segment | 1-4 family
Allowance for loan losses:
Beginning balance	192	285
Provision (credit) for loan losses	(7)	(54)
Recoveries	0	0
Loans charged-off	0	0
Total ending allowance balance	54	231
Real Estate Loans Segment | 1-4 family | Accounting Standards Update 2016-13 | Pre-CECL Adoption
Allowance for loan losses:
Beginning balance	192
Real Estate Loans Segment | 1-4 family | Accounting Standards Update 2016-13 | Impact of CECL Adoption
Allowance for loan losses:
Beginning balance	(131)
Real Estate Loans Segment | Construction
Allowance for loan losses:
Recoveries	0	0
Loans charged-off	0	0
Commercial Loans Segment
Allowance for loan losses:
Beginning balance	8,645	6,319
Provision (credit) for loan losses	429	254
Recoveries		2
Loans charged-off	0	0
Total ending allowance balance	9,588	6,575
Commercial Loans Segment | Accounting Standards Update 2016-13 | Pre-CECL Adoption
Allowance for loan losses:
Beginning balance	8,645
Commercial Loans Segment | Accounting Standards Update 2016-13 | Impact of CECL Adoption
Allowance for loan losses:
Beginning balance	514
Consumer Loans Segment
Allowance for loan losses:
Beginning balance	347	131
Provision (credit) for loan losses	25	51
Recoveries	0	0
Loans charged-off	(54)	(49)
Total ending allowance balance	319	$ 133
Consumer Loans Segment | Accounting Standards Update 2016-13 | Pre-CECL Adoption
Allowance for loan losses:
Beginning balance	347
Consumer Loans Segment | Accounting Standards Update 2016-13 | Impact of CECL Adoption
Allowance for loan losses:
Beginning balance	$ 1

Loans - Summary of balance in a

Loans - Summary of balance in allowance for loan losses and recorded investment in loans by class and based on impairment method (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Ending allowance balance attributable to loans:
Individually evaluated for impairment		$ 0
Collectively evaluated for impairment		12,223
Total ending allowance balance	$ 12,952	12,223	$ 9,491	$ 9,076
Loans:
Loans individually evaluated for impairment		0
Loans collectively evaluated for impairment		948,553
Total ending loans balance	966,922	948,553
Real Estate Loans Segment
Loans:
Total ending loans balance	387,879	379,891
Real Estate Loans Segment | Multifamily
Ending allowance balance attributable to loans:
Individually evaluated for impairment		0
Collectively evaluated for impairment		2,017
Total ending allowance balance	2,106	2,017	1,864	1,789
Loans:
Loans individually evaluated for impairment		0
Loans collectively evaluated for impairment		262,489
Total ending loans balance	274,656	262,489
Real Estate Loans Segment | Commercial real estate
Ending allowance balance attributable to loans:
Individually evaluated for impairment		0
Collectively evaluated for impairment		1,022
Total ending allowance balance	885	1,022	688	552
Loans:
Loans individually evaluated for impairment		0
Loans collectively evaluated for impairment		91,837
Total ending loans balance	91,493	91,837
Real Estate Loans Segment | 1-4 family
Ending allowance balance attributable to loans:
Individually evaluated for impairment		0
Collectively evaluated for impairment		192
Total ending allowance balance	54	192	231	285
Loans:
Loans individually evaluated for impairment		0
Loans collectively evaluated for impairment		25,565
Total ending loans balance	21,730	25,565
Real Estate Loans Segment | Construction
Ending allowance balance attributable to loans:
Individually evaluated for impairment		0
Loans:
Loans individually evaluated for impairment		0
Commercial Loans Segment
Ending allowance balance attributable to loans:
Individually evaluated for impairment		0
Collectively evaluated for impairment		8,645
Total ending allowance balance	9,588	8,645	6,575	6,319
Loans:
Loans individually evaluated for impairment		0
Loans collectively evaluated for impairment		552,082
Total ending loans balance	565,927	552,082
Consumer Loans Segment
Ending allowance balance attributable to loans:
Individually evaluated for impairment		0
Collectively evaluated for impairment		347
Total ending allowance balance	319	347	$ 133	$ 131
Loans:
Loans individually evaluated for impairment		0
Loans collectively evaluated for impairment		16,580
Total ending loans balance	$ 13,116	$ 16,580

Loans - Summary of loans by pas

Loans - Summary of loans by past due status (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual Loans		$ 4
Total Past Due & Nonaccrual Loans	$ 100	48
Loans Not Past Due	966,822	948,505
Total loans held for investment	966,922	948,553
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	11	36
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	89	8
Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Real Estate Loans Segment
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans held for investment	387,879	379,891
Real Estate Loans Segment | Multifamily
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Loans Not Past Due	274,656	262,489
Total loans held for investment	274,656	262,489
Real Estate Loans Segment | Multifamily | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Real Estate Loans Segment | Multifamily | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Real Estate Loans Segment | Multifamily | Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Real Estate Loans Segment | Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Loans Not Past Due	91,493	91,837
Total loans held for investment	91,493	91,837
Real Estate Loans Segment | Commercial real estate | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Real Estate Loans Segment | Commercial real estate | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Real Estate Loans Segment | Commercial real estate | Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Real Estate Loans Segment | 1-4 family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Loans Not Past Due	21,730	25,565
Total loans held for investment	21,730	25,565
Real Estate Loans Segment | 1-4 family | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Real Estate Loans Segment | 1-4 family | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Real Estate Loans Segment | 1-4 family | Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Real Estate Loans Segment | Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Real Estate Loans Segment | Construction | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Real Estate Loans Segment | Construction | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Real Estate Loans Segment | Construction | Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Commercial Loans Segment
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Loans Not Past Due	565,927	552,082
Total loans held for investment	565,927	552,082
Commercial Loans Segment | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Commercial Loans Segment | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Commercial Loans Segment | Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	0	0
Consumer Loans Segment
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual Loans		4
Total Past Due & Nonaccrual Loans	100	48
Loans Not Past Due	13,016	16,532
Total loans held for investment	13,116	16,580
Consumer Loans Segment | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	11	36
Consumer Loans Segment | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	89	8
Consumer Loans Segment | Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due & Nonaccrual Loans	$ 0	$ 0

Loans - Summary of loans by cre

Loans - Summary of loans by credit quality indicator based on internally assigned credit grade (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	$ 966,922	$ 948,553
Non-revolving loans internally assigned grade	965,630
Current period gross charge-offs	54
Federal Reserve Bank Advances
Financing Receivable, Recorded Investment [Line Items]
Loans Pledged to FHLB	16,700	20,600
Federal Reserve Bank of New York (FRB)
Financing Receivable, Recorded Investment [Line Items]
Maximum borrowing capacity	11,200	14,200
2023
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	44,105
2022
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	180,350
Current period gross charge-offs	44
2021
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	140,549
Current period gross charge-offs	10
2020
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	37,892
2019
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	36,922
2018 and Prior
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	84,679
Revolving
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	436,688
Revolving-Term
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	4,445
Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		934,101
Non-revolving loans internally assigned grade	959,557
Pass | 2023
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	40,279
Pass | 2022
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	180,350
Pass | 2021
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	140,549
Pass | 2020
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	37,892
Pass | 2019
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	36,922
Pass | 2018 and Prior
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	83,958
Pass | Revolving
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	435,162
Pass | Revolving-Term
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	4,445
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		13,731
Non-revolving loans internally assigned grade	5,352
Special Mention | 2023
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	3,826
Special Mention | Revolving
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	1,526
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		721
Non-revolving loans internally assigned grade	721
Substandard | 2018 and Prior
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	721
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		0
Real Estate Loans Segment
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	387,879	379,891
Real Estate Loans Segment | Multifamily
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	274,656	262,489
Non-revolving loans internally assigned grade	274,734
Real Estate Loans Segment | Multifamily | 2023
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	16,757
Real Estate Loans Segment | Multifamily | 2022
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	29,407
Real Estate Loans Segment | Multifamily | 2021
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	111,509
Real Estate Loans Segment | Multifamily | 2020
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	34,961
Real Estate Loans Segment | Multifamily | 2019
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	23,803
Real Estate Loans Segment | Multifamily | 2018 and Prior
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	58,297
Real Estate Loans Segment | Multifamily | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		258,413
Non-revolving loans internally assigned grade	274,013
Real Estate Loans Segment | Multifamily | Pass | 2023
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	16,757
Real Estate Loans Segment | Multifamily | Pass | 2022
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	29,407
Real Estate Loans Segment | Multifamily | Pass | 2021
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	111,509
Real Estate Loans Segment | Multifamily | Pass | 2020
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	34,961
Real Estate Loans Segment | Multifamily | Pass | 2019
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	23,803
Real Estate Loans Segment | Multifamily | Pass | 2018 and Prior
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	57,576
Real Estate Loans Segment | Multifamily | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		3,355
Real Estate Loans Segment | Multifamily | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		721
Non-revolving loans internally assigned grade	721
Real Estate Loans Segment | Multifamily | Substandard | 2018 and Prior
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	721
Real Estate Loans Segment | Multifamily | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		0
Real Estate Loans Segment | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	91,493	91,837
Non-revolving loans internally assigned grade	91,436
Real Estate Loans Segment | Commercial real estate | 2023
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	3,826
Real Estate Loans Segment | Commercial real estate | 2022
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	59,034
Real Estate Loans Segment | Commercial real estate | 2021
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	10,737
Real Estate Loans Segment | Commercial real estate | 2020
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	1,785
Real Estate Loans Segment | Commercial real estate | 2019
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	5,763
Real Estate Loans Segment | Commercial real estate | 2018 and Prior
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	10,291
Real Estate Loans Segment | Commercial real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		88,019
Non-revolving loans internally assigned grade	87,610
Real Estate Loans Segment | Commercial real estate | Pass | 2022
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	59,034
Real Estate Loans Segment | Commercial real estate | Pass | 2021
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	10,737
Real Estate Loans Segment | Commercial real estate | Pass | 2020
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	1,785
Real Estate Loans Segment | Commercial real estate | Pass | 2019
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	5,763
Real Estate Loans Segment | Commercial real estate | Pass | 2018 and Prior
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	10,291
Real Estate Loans Segment | Commercial real estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		3,818
Non-revolving loans internally assigned grade	3,826
Real Estate Loans Segment | Commercial real estate | Special Mention | 2023
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	3,826
Real Estate Loans Segment | Commercial real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		0
Real Estate Loans Segment | Commercial real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		0
Real Estate Loans Segment | 1-4 family
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	21,730	25,565
Non-revolving loans internally assigned grade	21,735
Real Estate Loans Segment | 1-4 family | 2022
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	1,888
Real Estate Loans Segment | 1-4 family | 2019
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	4,354
Real Estate Loans Segment | 1-4 family | 2018 and Prior
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	15,493
Real Estate Loans Segment | 1-4 family | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		25,565
Non-revolving loans internally assigned grade	21,735
Real Estate Loans Segment | 1-4 family | Pass | 2022
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	1,888
Real Estate Loans Segment | 1-4 family | Pass | 2019
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	4,354
Real Estate Loans Segment | 1-4 family | Pass | 2018 and Prior
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	15,493
Real Estate Loans Segment | 1-4 family | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		0
Real Estate Loans Segment | 1-4 family | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		0
Real Estate Loans Segment | 1-4 family | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		0
Real Estate Loans Segment | Construction | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		0
Real Estate Loans Segment | Construction | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		0
Real Estate Loans Segment | Construction | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		0
Commercial Loans Segment
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	565,927	552,082
Non-revolving loans internally assigned grade	564,441
Commercial Loans Segment | 2023
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	22,396
Commercial Loans Segment | 2022
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	80,459
Commercial Loans Segment | 2021
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	17,828
Commercial Loans Segment | 2020
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	688
Commercial Loans Segment | 2019
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	1,760
Commercial Loans Segment | 2018 and Prior
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	546
Commercial Loans Segment | Revolving
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	436,319
Commercial Loans Segment | Revolving-Term
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	4,445
Commercial Loans Segment | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		547,412
Non-revolving loans internally assigned grade	562,915
Commercial Loans Segment | Pass | 2023
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	22,396
Commercial Loans Segment | Pass | 2022
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	80,459
Commercial Loans Segment | Pass | 2021
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	17,828
Commercial Loans Segment | Pass | 2020
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	688
Commercial Loans Segment | Pass | 2019
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	1,760
Commercial Loans Segment | Pass | 2018 and Prior
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	546
Commercial Loans Segment | Pass | Revolving
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	434,793
Commercial Loans Segment | Pass | Revolving-Term
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	4,445
Commercial Loans Segment | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		4,670
Non-revolving loans internally assigned grade	1,526
Commercial Loans Segment | Special Mention | Revolving
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	1,526
Commercial Loans Segment | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		0
Commercial Loans Segment | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		0
Consumer Loans Segment
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	13,116	16,580
Non-revolving loans internally assigned grade	13,284
Current period gross charge-offs	54
Consumer Loans Segment | 2023
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	1,126
Consumer Loans Segment | 2022
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	9,562
Current period gross charge-offs	44
Consumer Loans Segment | 2021
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	475
Current period gross charge-offs	10
Consumer Loans Segment | 2020
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	458
Consumer Loans Segment | 2019
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	1,242
Consumer Loans Segment | 2018 and Prior
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	52
Consumer Loans Segment | Revolving
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	369
Consumer Loans Segment | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		14,692
Non-revolving loans internally assigned grade	13,284
Consumer Loans Segment | Pass | 2023
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	1,126
Consumer Loans Segment | Pass | 2022
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	9,562
Consumer Loans Segment | Pass | 2021
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	475
Consumer Loans Segment | Pass | 2020
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	458
Consumer Loans Segment | Pass | 2019
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	1,242
Consumer Loans Segment | Pass | 2018 and Prior
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	52
Consumer Loans Segment | Pass | Revolving
Financing Receivable, Recorded Investment [Line Items]
Non-revolving loans internally assigned grade	$ 369
Consumer Loans Segment | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		1,888
Consumer Loans Segment | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		0
Consumer Loans Segment | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		$ 0

Noninterest Income (Details)

Noninterest Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Noninterest income
Total non-interest income	$ 10,262	$ 5,502
Payment processing fees
Noninterest income
Total non-interest income	5,513	5,316
Payment processing income
Noninterest income
Total non-interest income	5,300	5,100
ACH income
Noninterest income
Total non-interest income	213	216
Client related fees, service charges and other
Noninterest income
Total non-interest income	4,749	186
Administrative service income
Noninterest income
Total non-interest income	529	9
Gain on equity investment (1)
Noninterest income
Total non-interest income	4,027
Gain on loans held for sale (1)
Noninterest income
Total non-interest income		90
Other
Noninterest income
Total non-interest income	$ 193	$ 87

Share-Based Payment Plans - (De

Share-Based Payment Plans - (Details)	3 Months Ended
	Mar. 31, 2023
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term of awards	10 years
Stock Options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Stock Options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	6 years
Vesting percentage after years four, five and six	33%

Share-Based Payment Plans - Sum

Share-Based Payment Plans - Summary of options activity (Details) - Stock Options - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Options
Outstanding at beginning of year	633,984
Granted	0	0
Exercised	(7,979)
Outstanding at period end	626,005
Vested or expected to vest	626,005
Exercisable at period end	514,393
Weighted Average Exercise Price
Outstanding at beginning of year	$ 18.61
Granted	0
Exercised	12.85
Outstanding at period end	18.68
Vested or expected to vest	18.68
Exercisable at period end	$ 15.23
Weighted Average Remaining Contractual Life (Years), outstanding at period end	4 years 8 months 12 days
Weighted Average Remaining Contractual Life (Years), vested or expected to vest	4 years 8 months 12 days
Weighted Average Remaining Contractual Life (Years), exercisable at period end	3 years 9 months 3 days

Share-Based Payment Plans - S_2

Share-Based Payment Plans - Summary of restricted stock activity (Details) - Restricted stock	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Shares
Outstanding at beginning of year | shares	503,225
Vested | shares	(20,500)
Outstanding at period end | shares	482,725
Weighted Average Grant Date Fair Value
Outstanding at beginning of year | $ / shares	$ 27.92
Vested | $ / shares	19.25
Outstanding at period end | $ / shares	$ 28.28

Share-Based Payment Plans - Add

Share-Based Payment Plans - Additional disclosures (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash received from option exercises	$ 47
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options issued	0	0
Stock options expense	$ 167	$ 124
Unrecognized compensation cost related to non-vested options	1,200
Intrinsic value of outstanding options	12,900
Intrinsic value of exercisable options	12,300
Intrinsic value of options exercised	242
Cash received from option exercises	47
Excess tax benefit from option exercises	57
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options expense	623	$ 437
Unrecognized compensation cost related to non-vested options	$ 9,400
Recognition period of nonvested stock options	4 years 5 months 23 days

Earnings per Share - Summary of

Earnings per Share - Summary of earnings per share computation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Basic
Net income	$ 12,179	$ 5,342
Weighted average shares outstanding for basic earnings per share	7,708,745	7,620,241
Basic earnings per share (in dollars per share)	$ 1.58	$ 0.70
Diluted
Net income	$ 12,179	$ 5,342
Weighted average shares outstanding for basic earnings per share	7,708,745	7,620,241
Add: Dilutive effects of share based awards	593,888	527,234
Average shares and dilutive potential shares	8,302,633	8,147,475
Diluted earnings per share (in dollars per share)	$ 1.47	$ 0.66
Stock options and restricted shares not considered in computing diluted earnings per share because they were anti-dilutive	52,500	69,150

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Leases
ROU lease assets	$ 2,200	$ 2,300
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets	Other Assets
Operating lease liability	$ 2,676	$ 2,800
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accrued Liabilities and Other Liabilities	Accrued Liabilities and Other Liabilities

Leases - Maturities of operatin

Leases - Maturities of operating lease (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Maturities of operating lease liabilities
2023	$ 483
2024	784
2025	803
2026	754
Total lease payments	2,824
Less: interest	148
Present value of operating lease liabilities	$ 2,676	$ 2,800

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Lease cost
Weighted-average remaining lease term	3 years 8 months 1 day	4 years 7 months 24 days
Weighted-average discount rate	3.29%	3.07%
Operating lease cost	$ 159	$ 142
Short-term Lease, Cost	59
Total lease cost	218	142
Cash paid for operating lease liability	$ 216	$ 163

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Litify LLC - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investment carrying amount	$ 1.6	$ 2.4
Notes receivable	1.1
(Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investment carrying amount	$ 1.6
(Level 3) | Control Premium
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement input percentage	50%

Fair Value Measurements - Summa

Fair Value Measurements - Summary of assets and liabilities measured at fair value on recurring basis (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Available-for-sale securities
Securities available-for-sale, at fair value	$ 107,936	$ 109,269
Held-to-Maturity Debt Securities
Securities held to maturity, fair value	69,123	69,346
Mortgage-backed securities - agency
Available-for-sale securities
Securities available-for-sale, at fair value	92,269	92,945
CMO's - agency
Available-for-sale securities
Securities available-for-sale, at fair value	15,667	16,324
Held-to-Maturity Debt Securities
Securities held to maturity, fair value	69,123	69,346
Recurring | (Level 1)
Available-for-sale securities
Securities available-for-sale, at fair value	0	0
Recurring | (Level 1) | Mortgage-backed securities - agency
Available-for-sale securities
Securities available-for-sale, at fair value	0	0
Recurring | (Level 1) | CMO's - agency
Available-for-sale securities
Securities available-for-sale, at fair value	0	0
Recurring | (Level 2)
Available-for-sale securities
Securities available-for-sale, at fair value	107,936	109,269
Recurring | (Level 2) | Mortgage-backed securities - agency
Available-for-sale securities
Securities available-for-sale, at fair value	92,269	92,945
Recurring | (Level 2) | CMO's - agency
Available-for-sale securities
Securities available-for-sale, at fair value	15,667	16,324
Recurring | (Level 3)
Available-for-sale securities
Securities available-for-sale, at fair value	0	0
Recurring | (Level 3) | Mortgage-backed securities - agency
Available-for-sale securities
Securities available-for-sale, at fair value	0	0
Recurring | (Level 3) | CMO's - agency
Available-for-sale securities
Securities available-for-sale, at fair value	$ 0	$ 0

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of estimated fair values of financial instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financial Assets:
Securities purchased under agreements to resell, at cost	$ 49,230	$ 49,567
Securities available for sale	107,936	109,269
Securities, held to maturity	76,931	78,377
Securities, restricted, at cost	2,810	2,810
Loans held for investment, net	952,678	935,072
Accrued interest receivable	6,522	5,768
Financial Liabilities:
Time deposits	6,352	19,558
Carrying Value
Financial Assets:
Cash and cash equivalents	203,799	164,122
Securities purchased under agreements to resell, at cost	49,230	49,567
Securities, held to maturity	76,931	78,377
Securities, restricted, at cost	2,810	2,810
Loans held for investment, net	952,678	935,072
Accrued interest receivable	6,522	5,768
Financial Liabilities:
Time deposits	6,352	19,558
Demand and other deposits	1,258,020	1,208,678
Secured borrowings	46	46
Accrued interest payable	17	30
Fair Value
Financial Assets:
Cash and cash equivalents	203,799	164,122
Securities purchased under agreements to resell, at cost	49,230	49,567
Securities, held to maturity	69,123	69,346
Loans held for investment, net	946,958	927,481
Accrued interest receivable	6,522	5,768
Financial Liabilities:
Time deposits	6,231	19,459
Demand and other deposits	1,258,020	1,208,678
Secured borrowings	46	46
Accrued interest payable	17	30
Fair Value | (Level 1)
Financial Assets:
Cash and cash equivalents	203,799	164,122
Loans held for investment, net	0	0
Accrued interest receivable	0	0
Financial Liabilities:
Time deposits		0
Demand and other deposits	1,258,020	1,208,678
Secured borrowings	0	0
Accrued interest payable	0
Fair Value | (Level 2)
Financial Assets:
Cash and cash equivalents	0	0
Securities, held to maturity	69,123	69,346
Loans held for investment, net	0	0
Accrued interest receivable	529	449
Financial Liabilities:
Time deposits	6,231	19,459
Demand and other deposits	0	0
Secured borrowings	0	0
Accrued interest payable	17	30
Fair Value | (Level 3)
Financial Assets:
Cash and cash equivalents	0	0
Securities purchased under agreements to resell, at cost	49,230	49,567
Loans held for investment, net	946,958	927,481
Accrued interest receivable	5,993	5,319
Financial Liabilities:
Time deposits		0
Demand and other deposits	0	0
Secured borrowings	46	$ 46
Accrued interest payable	$ 0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Summary of changes in accumulated other comprehensive income (loss) by component, net of tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Unrealized (Losses) Gains on Available-for-Sale Securities
Beginning balance	$ (15,117)	$ (850)
Other comprehensive (loss) income before reclassifications, net of tax	1,385	(6,194)
Net current period other comprehensive (loss) income	1,385	(6,194)
Ending balance	(13,732)	(7,044)
Reclassifications	$ 0	$ 0