PDL Community Bancorp 10-Q 15 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 13, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Trading Symbol	PDLB
Entity Registrant Name	PDL Community Bancorp
Entity Current Reporting Status	Yes
Entity Central Index Key	0001703489
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		17,299,740
Entity File Number	001-38224
Entity Tax Identification Number	82-2857928
Entity Address, Address Line One	2244 Westchester Avenue
Entity Address, City or Town	Bronx
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10462
City Area Code	718
Local Phone Number	931-9000
Title of 12(b) Security	Common stock, par value $0.01 per share
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Document Transition Report	false
Document Quarterly Report	true

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Cash and due from banks (Note 2):
Cash	$ 13,165	$ 6,762
Interest-bearing deposits in banks	90,795	20,915
Total cash and cash equivalents	103,960	27,677
Available-for-sale securities, at fair value (Note 3)	19,140	21,504
Loans held for sale	1,030	1,030
Loans receivable, net (Note 4)	972,979	955,737
Accrued interest receivable	4,198	3,982
Premises and equipment, net (Note 5)	32,480	32,746
Federal Home Loan Bank of New York stock (FHLBNY), at cost	7,889	5,735
Deferred tax assets (Note 8)	4,140	3,724
Other assets	5,127	1,621
Total assets	1,150,943	1,053,756
Liabilities:
Deposits (Note 6)	829,741	782,043
Accrued interest payable	86	97
Advance payments by borrowers for taxes and insurance	8,295	6,348
Advances from the Federal Home Loan Bank of New York and others (Note 7)	152,284	104,404
Other liabilities	4,794	2,462
Total liabilities	995,200	895,354
Commitments and contingencies (Note 11)
Stockholders' Equity:
Preferred stock, $0.01 par value; 10,000,000 shares authorized, none issued
Common stock, $0.01 par value; 50,000,000 shares authorized; 18,463,028 shares issued and 17,299,740 shares outstanding as of March 31, 2020 and 18,463,028 shares issued and 17,451,134 shares outstanding as of December 31, 2019	185	185
Treasury stock, at cost; 1,163,288 shares as of March 31, 2020 and 1,011,894 shares as of December 31, 2019 (Note 9)	(16,490)	(14,478)
Additional paid-in-capital	85,132	84,777
Retained earnings	92,475	93,688
Accumulated other comprehensive income (Note 14)	110	20
Unearned compensation - ESOP; 566,938 shares as of March 31, 2020 and 579,001 shares as of December 31, 2019 (Note 9)	(5,669)	(5,790)
Total stockholders' equity	155,743	158,402
Total liabilities and stockholders' equity	$ 1,150,943	$ 1,053,756

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares, issued	18,463,028	18,463,028
Common stock, shares, outstanding	17,299,740	17,451,134
Treasury stock,repurchased	1,163,288	1,011,894
Unearned compensation, ESOP shares	566,938	579,001

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest and dividend income:
Interest on loans receivable	$ 12,782	$ 12,095
Interest on deposits due from banks	66	149
Interest and dividend on available-for-sale securities and FHLBNY stock	182	138
Total interest and dividend income	13,030	12,382
Interest expense:
Interest on certificates of deposit	1,827	1,956
Interest on other deposits	692	631
Interest on borrowings	587	333
Total interest expense	3,106	2,920
Net interest income	9,924	9,462
Provision for loan losses (Note 4)	1,146	149
Net interest income after provision for loan losses	8,778	9,313
Noninterest income:
Service charges and fees	248	230
Brokerage commissions	50	109
Late and prepayment charges	119	139
Other	205	275
Total noninterest income	622	753
Noninterest expense:
Compensation and benefits	5,008	5,014
Occupancy and equipment	2,017	1,911
Data processing expenses	467	353
Direct loan expenses	212	156
Insurance and surety bond premiums	121	83
Office supplies, telephone and postage	316	317
Professional fees	1,627	510
Marketing and promotional expenses	234	26
Directors fees	69	83
Regulatory dues	46	56
Other operating expenses	705	582
Total noninterest expense	10,822	9,091
Income (loss) before income taxes	(1,422)	975
Provision (benefit) for income taxes (Note 8)	(209)	307
Net income (loss)	$ (1,213)	$ 668
Earnings (loss) per share for the period (Note 10)
Basic	$ (0.07)	$ 0.04
Diluted	$ (0.07)	$ 0.04

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ (1,213)	$ 668
Net change in unrealized gains on available-for-sale securities :
Unrealized gains	115	171
Income tax effect	(25)	(37)
Unrealized gains on securities, net of tax	90	134
Pension benefit liability adjustment:
Net loss		(43)
Income tax effect		9
Pension liability adjustment, net of tax		(34)
Total other comprehensive income, net of tax	90	100
Total comprehensive income (loss)	$ (1,123)	$ 768

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock, At Cost	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Unallocated Common Stock of ESOP
Balance at Dec. 31, 2018	$ 169,172	$ 185		$ 84,581	$ 98,813	$ (8,135)	$ (6,272)
Balance, Shares at Dec. 31, 2018		18,463,028
Net income (loss)	668				668
Other comprehensive income (loss), net of tax	100					100
Treasury stock	(193)		$ (193)
Treasury stock, Shares		(13,866)
ESOP shares committed to be released (12,063 shares)	189			69			120
Restricted stock awards	300			300
Stock options	26			26
Balance at Mar. 31, 2019	170,262	$ 185	(193)	84,976	99,481	(8,035)	(6,152)
Balance, Shares at Mar. 31, 2019		18,449,162
Balance at Dec. 31, 2019	158,402	$ 185	(14,478)	84,777	93,688	20	(5,790)
Balance, Shares at Dec. 31, 2019		17,451,134
Net income (loss)	(1,213)				(1,213)
Other comprehensive income (loss), net of tax	90					90
Treasury stock	(2,012)		(2,012)
Treasury stock, Shares		(151,394)
ESOP shares committed to be released (12,063 shares)	124			3			121
Restricted stock awards	323			323
Stock options	29			29
Balance at Mar. 31, 2020	$ 155,743	$ 185	$ (16,490)	$ 85,132	$ 92,475	$ 110	$ (5,669)
Balance, Shares at Mar. 31, 2020		17,299,740

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) - shares	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Statement Of Stockholders Equity [Abstract]
Number of ESOP shares committed to be released	12,063	48,250	12,063

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Cash Flows From Operating Activities:
Net income (loss)	$ (1,213)	$ 668
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Amortization of premiums/discounts on securities, net	2	(1)
Loss on sale of loans, net		102
Provision for loan losses (Note 4)	1,146	149	$ 258
Depreciation and amortization	602	509
ESOP compensation	156	203
Share-based compensation expense	352	326
Deferred income taxes	(441)	(70)
Changes in assets and liabilities:
(Increase) decrease in accrued interest receivable	(216)	60
(Increase) decrease in other assets	(3,506)	329
(Decrease) increase in accrued interest payable	(11)	12
Increase in advance payments by borrowers	1,947
Increase in other liabilities	2,439	514
Net cash provided by operating activities	1,257	2,801
Cash Flows From Investing Activities:
Proceeds from redemption of FHLBNY stock	2,039	3,015
Purchases of FHLBNY Stock	(4,193)	(3,015)
Purchases of available-for-sale securities	(8,685)
Proceeds from sale of available-for-sale securities	8,875
Proceeds from maturities, calls and principal repayments on available-for-sale securities	2,148	5,150
Proceeds from sales of loans	3,530	3,614
Net increase in loans	(21,918)	(10,455)
Purchases of premises and equipment	(336)	(1,151)
Net cash used in investing activities	(18,540)	(2,842)
Cash Flows From Financing Activities:
Net increase (decrease) in deposits	47,698	(2,977)
Repurchase of treasury stock	(2,012)	(193)
Proceeds from advances from FHLBNY	123,630	172,016
Repayments of advances from FHLBNY	(75,750)	(197,016)
Net cash provided by (used in) financing activities	93,566	(28,170)
Net increase (decrease) in cash and cash equivalents	76,283	(28,211)
Cash and Cash Equivalents:
Beginning	27,677	69,778	69,778
Ending	103,960	41,567	$ 27,677
Cash paid during the period:
Interest	3,117	2,908
Income taxes	$ 91	$ 43

Nature of Business and Summary

Nature of Business and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Nature of Business and Summary of Significant Accounting Policies	Note 1. Nature of Business and Summary of Significant Accounting Policies Basis of Presentation and Consolidation: The unaudited interim Consolidated Financial Statements of PDL Community Bancorp (the “Company”) presented herein have been prepared pursuant to the rules of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and do not include all of the information and note disclosures required by the U.S. generally accepted accounting principles (“GAAP”). In the opinion of management, all adjustments and disclosures considered necessary for the fair presentation of the accompanying Consolidated Financial Statements have been included. Interim results are not necessarily reflective of the results for the entire year. The accompanying unaudited Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and notes thereto for the year ended December 31, 2019 included in the Company’s annual report on Form 10-K. The unaudited interim Consolidated Financial Statements include the accounts of the Company, its wholly-owned subsidiary Ponce Bank (the “Bank”), and the Bank’s wholly-owned subsidiaries. The Bank’s subsidiaries consist of PFS Service Corp., which owns some of the Bank’s real property, and Ponce De Leon Mortgage Corp., which is a mortgage banking entity. All significant intercompany transactions and balances have been eliminated in consolidation. Nature of Operations: The Bank is a federally chartered stock savings association headquartered in the Bronx, New York. It was originally chartered in 1960 as a federally chartered mutual savings and loan association under the name Ponce De Leon Federal Savings and Loan Association. In 1985, the Bank changed its name to “Ponce De Leon Federal Savings Bank.” In 1997, the Bank changed its name again to “Ponce De Leon Federal Bank.” Upon the completion of its reorganization into a mutual holding company structure, the assets and liabilities of Ponce De Leon Federal Bank were transferred to and assumed by the Bank, a wholly-owned subsidiary of PDL Community Bancorp. The Bank is subjected to comprehensive regulation and examination by the Office of Comptroller of the Currency (the “OCC”). The Bank’s business is conducted through the administrative office and 13 branch banking offices. The banking offices are located in the Bronx (4 branches), Manhattan (2 branches), Queens (3 branches) and Brooklyn (3 branches), New York and Union City (1 branch), New Jersey. The primary market area currently consists of the New York City metropolitan area. The Bank’s business primarily consists of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans, consisting of one-to-four family residential (both investor-owned and owner-occupied), multifamily residential, nonresidential properties and construction and land, and, to a lesser extent, in business and consumer loans. The Bank also invests in securities, which have historically consisted of U.S. government and federal agency securities and securities issued by government-sponsored or owned enterprises, as well as, mortgage-backed securities and Federal Home Loan Bank of New York (the “FHLBNY”) stock. The Bank offers a variety of deposit accounts, including demand, savings, money markets and certificates of deposit accounts. Risks and Uncertainties: The COVID-19 pandemic has created extensive disruptions to the global and U.S. economies and to the lives of individuals throughout the world. The New York City Metropolitan area has and continues to experience the highest levels of the COVID-19 pandemic in the nation. Governments, businesses, and the public are taking unprecedented actions to contain the spread of the COVID-19 pandemic and to mitigate its effects, including quarantines, travel bans, shelter-in-place orders, closures of businesses and schools, fiscal and monetary stimulus, and legislation designed to deliver financial aid and other relief. While the scope, duration, and full effects of the COVID-19 pandemic are rapidly evolving and not fully known, it has had a significantly adverse impact on the functioning of financial markets while increasing economic and market uncertainty, and disrupted trade and supply chains. The potential financial impact is unknown at this time. However, if this pandemic continues for a sustained period of time, it may adversely impact several industries within our geographic footprint and impair the ability of the Company’s customers to fulfill their contractual obligations to the Company. This could cause the Company to experience a material adverse effect on our business operations, loan portfolio, financial condition, and results of operations. Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Summary of Significant Accounting Policies: Use of Estimates Interim Financial Statements Significant Group Concentrations of Credit Risk Cash and Cash Equivalents Securities Debt securities that management has the positive intent and ability to hold to maturity, if any, are classified as "held-to-maturity" and recorded at amortized cost. Trading securities, if any, are carried at fair value, with unrealized gains and losses recognized in earnings. Securities not classified as held-to-maturity or trading, are classified as "available-for-sale" and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income, net of tax. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: (1) OTTI related to credit loss, which must be recognized in the consolidated statement of income and (2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the discounted present value of the cash flows expected to be collected and the amortized cost basis. For equity securities, the entire amount of impairment is recognized through earnings. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific-identification method. The sale of a held-to-maturity security within three months of its maturity date or after collection of at least 85% of the principal outstanding at the time the security was acquired is considered a maturity for purposes of classification and disclosure. Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Federal Home Loan Bank of New York Stock Loans Receivable Interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the effective interest yield method without anticipating prepayments. A loan is moved to nonaccrual status in accordance with the Bank’s policy typically after 90 days of non-payment. The accrual of interest on mortgage and commercial loans is generally discontinued at the time the loan becomes 90 days past due unless the loan is well-secured and in process of collection. Consumer loans are typically charged-off no later than 120 days past due. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual status or charged-off if collection of principal or interest is considered doubtful. All nonaccrual loans are considered impaired loans. All interest accrued but not received for loans placed on nonaccrual are reversed against interest income. Interest received on such loans is accounted for on the cash basis or recorded against principal balances, until qualifying for return to accrual. Cash basis interest recognition is only applied on nonaccrual loans with a sufficient collateral margin to ensure no doubt with respect to the collectability of principal. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and remain current for a period of time (typically six months) and future payments are reasonably assured. Allowance for Loan Losses The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired when, based on current information and events, it is probable that the Bank will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and classified as impaired. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impaired loans are measured for impairment using the fair value of the collateral, present value of cash flows, or the observable market price of the note. Impairment measurement for all collateral dependent loans, excluding accruing troubled debt restructurings, is based on the fair value of collateral, less costs to sell, if necessary. A loan is considered collateral dependent if repayment of the loan is expected to be provided solely by the sale or the operation of the underlying collateral. Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) When a loan is modified to a troubled debt restructuring, management evaluates the loan for any possible impairment using either the discounted cash flows method, where the value of the modified loan is based on the present value of expected cash flows, discounted at the contractual interest rate of the original loan agreement, or by using the fair value of the collateral less selling costs, if repayment under the modified terms becomes doubtful. The general component covers non‑impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced over a rolling 12 quarter average period. This actual loss experience is supplemented with other economic factors based on the risks present for each portfolio segment. These economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; levels of and trends in charge-offs and recoveries; trends in volume and terms of loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedures, and practices; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations. When establishing the allowance for loan losses, management categorizes loans into risk categories reflecting individual borrower earnings, liquidity, leverage and cash flow, as well as the nature of underlying collateral. These risk categories and relevant risk characteristics are as follows: Residential and Multifamily Mortgage Loans Nonresidential Mortgage Loans Construction and Land Loans Business Loans Consumer Loans Loans Held for Sale . Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) COVID-19 Pandemic and the CARES Act Under the CARES Act and related Interagency Statement, the Bank can temporarily suspend its delinquency and nonperforming treatment for certain loans that have been granted a payment accommodation that facilitates borrowers' ability to work through the immediate impact of the pandemic. Borrowers who were current prior to becoming affected by the COVID-19 pandemic, then receive payment accommodations as a result of the effects of the COVID-19 pandemic and if all payments are current in accordance with the revised terms of the loan, generally would not be reported as past due. The Bank has chosen to utilize this part of the CARES Act as it relates to delinquencies and nonperforming loans and will not report these loans as past due. Under Section 4013 of the CARES Act, modifications of loan terms do not automatically result in TDRs and the Bank generally does not need to categorize the COVID-19 pandemic-related modifications as TDRs. The Bank may elect not to categorize loan modifications as TDRs if they are (1) related to the COVID-19 pandemic; (2) executed on a loan that was not more than 30 days past due as of December 31, 2019; and (3) executed between March 1, 2020, and the earlier of (A) 60 days after the date of termination of the National Emergency or (B) December 31, 2020. For all other loan modifications, the federal banking agencies have confirmed with staff of the Financial Accounting Standards Board ("FASB") that short-term modifications made on a good faith basis in response to the COVID-19 pandemic to borrowers who were current prior to any relief, are not TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. Financial institutions accounting for eligible loans under section 4013 are not required to apply ASC Subtopic 310-40 to the section 4013 loans for the term of the loan modification. Financial institutions do not have to report section 4013 loans as TDRs in regulatory reports, including this Form 10-Q. The Bank has chosen to utilize this section of the CARES Act and will not report the COVID-19 pandemic related modifications as TDRs. Under the CARES Act and related Interagency Statement, in regard to loans not otherwise reportable as past due, financial institutions are not expected to designate loans with deferrals granted due to the COVID-19 pandemic as past due because of the deferral. A loan's payment date is governed by the due date stipulated in the legal agreement. If a financial institution agrees to a payment deferral, this may result in no contractual payments being past due, and these loans are not considered past due during the period of the deferral. Each financial institution should refer to the applicable regulatory reporting instructions, as well as its internal accounting policies, to determine if loans to distressed borrowers should be reported as nonaccrual assets in regulatory reports. However, during the short-term arrangements, these loans generally should not be reported as nonaccrual. The Bank has elected to follow this guidance of the CARES Act and will report loans that have been granted payment deferrals as current so long as they were current at the time the deferral was granted. Transfers of Financial Assets Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Premises and Equipment Depreciation is computed and charged to operations using the straight-line method over the estimated useful lives of the respective assets as follows: Years Buildings 39 Building improvements 15 - 39 Furniture, fixtures, and equipment 3 - 10 Leasehold improvements are amortized over the shorter of the improvements’ estimated economic lives or the related lease terms, including extensions expected to be exercised. Gains and losses on dispositions are recognized upon realization. Maintenance and repairs are expensed as incurred and improvements are capitalized. Leasehold improvements in process are not amortized until the assets are placed in operation. Impairment of Long-Lived Assets Other Real Estate Owned Income Taxes When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the consolidated financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more likely than not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits, if any, would be classified as additional provision for income taxes in the consolidated statements of income. Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Related Party Transactions Employee Benefit Plans: Employee Stock Ownership Plan: Stock Options: Restricted Stock Units: The Company recognizes compensation cost related to restricted stock units based on the market price of the stock units at the grant date over the vesting period. The product of the number of units granted and the grant date market price of the Company’s common stock determines the fair value of restricted stock units. The Company recognizes compensation expense for the fair value of the restricted stock units on a straight-line basis over the requisite service period. Comprehensive Income: Loss Contingencies Fair Value of Financial Instruments Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Segment Reporting Loan Commitments and Related Financial Instruments Earnings (Loss) Per Share (“EPS”) Treasury Stock Recent Accounting Pronouncements: As an emerging growth company (“EGC”) as defined in Rule 12b-2 of the Exchange Act, the Company has elected to use the extended transition period to delay the adoption of new or reissued accounting pronouncements applicable to public business entities until such pronouncements are made applicable to nonpublic business entities. As of March 31, 2020, there is no significant difference in the comparability of the consolidated financial statements as a result of this extended transition period with the exception of ASU 2016-13, which has not been implemented yet as discussed below. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” The Company has begun its evaluation of the amended guidance including the potential impact on its consolidated financial statements. To date, the Company has identified its leased office spaces as within the scope of the guidance. The Company currently leases seven leased branches and the new guidance will result in the establishment of a right to use asset and corresponding lease obligations. The Company continues to evaluate the impact of the guidance, including determining whether other contracts exist that are deemed to be in scope and subsequent related accounting standard updates. The Company has established a project committee and has initiated training on ASU 2016-02. The Company is performing preliminary computations of its right to use asset and corresponding lease obligations for the operating leases of its seven leased branches. Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) In June 2016, the FASB issued ASU 2016-13, “ Measurement of Credit Losses on Financial Instruments.” Although early adoption is permitted, the Company does not expect to elect that option. The Company has begun its evaluation of the amended guidance including the potential impact on its consolidated financial statements. As a result of the required change in approach toward determining estimated credit losses from the current “incurred loss” model to one based on estimated cash flows over a loan’s contractual life, adjusted for prepayments (a “life of loan” model), the Company expects that the new guidance will result in an increase in the allowance for loan losses, particularly for longer duration loan portfolios. The Company also expects that the new guidance may result in an allowance for available-for-sale debt securities. The Company has selected the CECL model and has begun running scenarios. In both cases, the extent of the change is indeterminable at this time as it will be dependent upon portfolio composition and credit quality at the adoption date, as well as economic conditions and forecasts at that time. In March 2017, the FASB issued ASU 2017-08 “Receivables – Non-Refundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities.” In August 2018, the FASB issued ASU 2018-13, “ Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement In December 2019, the FASB issued ASU 2019-12 “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes.” The objective of this update is to simplify the accounting for income taxes by removing certain exceptions to the general principles and improve consistent application and simplify other areas of Topic 740. The amendments in this update are effective for annual periods beginning after December 15, 2020, and interim periods within those fiscal years. The Bank does not believe this update will have a material impact on its financial statements.

Restrictions on Cash and Due Fr

Restrictions on Cash and Due From Banks	3 Months Ended
	Mar. 31, 2020
Cash And Cash Equivalents [Abstract]
Restrictions on Cash and Due From Banks	Note 2. Restrictions on Cash and Due From Banks The Bank is required to maintain reserve balances in cash or on deposit with the Federal Reserve Bank, based on a percentage of deposits. The Bank had $6,872 and $5,935 in cash to cover its minimum reserve requirement of $0 and $4,927 at March 31, 2020, and December 31, 2019, respectively.

Available-for-Sale Securities

Available-for-Sale Securities	3 Months Ended
	Mar. 31, 2020
Investments Debt And Equity Securities [Abstract]
Available-for-Sale Securities	Note 3. Available-for-Sale Securities The amortized cost and fair value of available-for-sale securities at March 31, 2020 and December 31, 2019 are summarized as follows: March 31, 2020 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value U.S. Government and Federal Agencies $ 5,498 $ 9 $ — $ 5,507 Corporate Bonds 8,638 40 — 8,678 Mortgage-Backed Securities: FNMA Certificates 4,490 37 — 4,527 GNMA Certificates 424 4 — 428 Total $ 19,050 $ 90 $ — $ 19,140 December 31, 2019 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value U.S. Government and Federal Agencies $ 16,373 $ — $ (19 ) $ 16,354 Mortgage-Backed Securities: FNMA Certificates 4,680 — (21 ) 4,659 GNMA Certificates 482 9 — 491 Total $ 21,535 $ 9 $ (40 ) $ 21,504 There were no securities classified as held-to-maturity as of March 31, 2020 and December 31, 2019. There were $8,875 available-for-sale securities sold during the three months ended March 31, 2020 and there were no sales for the three months ended March 31, 2019. A total of $2,000 available-for-sale securities matured during the three months ended March 31, 2020. The Company purchased $8,685 of available-for-sale securities during the three months ended March 31, 2020. There were no securities in an unrealized loss position at March 31, 2020. The following table present the Company's securities gross unrealized losses and fair values, aggregated by the length of time the individual securities have been in a continuous unrealized loss position, at December 31, 2019: December 31, 2019 Securities With Gross Unrealized Losses Less Than 12 Months 12 Months or More Total Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses U.S. Government and Federal Agencies $ — $ — $ 16,354 $ (19 ) $ 16,354 $ (19 ) Mortgage-Backed FNMA Certificates — — 4,659 (21 ) 4,659 (21 ) Total $ — $ — $ 21,013 $ (40 ) $ 21,013 $ (40 ) Note 3. Available-for-Sale Securities (Continued) The Company’s investment portfolio had 8 and 10 available-for-sale securities at March 31, 2020 and December 31, 2019. At March 31, 2020 and December 31, 2019, the Company had 0 and 9 available-for-sale securities , with gross unrealized loss positions. Management reviewed the financial condition of the entities underlying the securities at both and and determined that they are not other than temporarily impaired because the unrealized losses in those securities relate to market interest rate changes. The Company has the ability to hold them and does not have the intent to sell these securities, and it is not more likely than not that the Company will be required to sell these securities, before recovery of the cost basis. In addition, management also considers the issuers of the securities to be financially sound and believes the Company will receive all contractual principal and interest related to these investments. The following is a summary of maturities of securities at March 31, 2020 and December 31, 2019. Amounts are shown by contractual maturity. Because borrowers for mortgage-backed securities have the right to prepay obligations with or without prepayment penalties, at any time, these securities are included as a total within the table. March 31, 2020 Available-for-Sale Amortized Fair Cost Value U.S. Government and Federal Agency Securities: Amounts maturing: Three months or less $ 1,999 $ 2,003 After three months through one year 3,499 3,504 After one year through five years — — 5,498 5,507 Corporate Bonds 8,638 8,678 Mortgage-Backed Securities 4,914 4,955 Total $ 19,050 $ 19,140 December 31, 2019 Available-for-Sale Amortized Fair Cost Value U.S. Government and Federal Agency Securities: Amounts maturing: Three months or less $ 2,000 $ 2,000 After three months through one year 14,373 14,354 After one year through five years — — 16,373 16,354 Mortgage-Backed Securities 5,162 5,150 Total $ 21,535 $ 21,504 There were no securities pledged at March 31, 2020 and December 31, 2019.

Loans Receivable and Allowance

Loans Receivable and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Loans Receivable and Allowance for Loan Losses	Note 4. Loans Receivable and Allowance for Loan Losses Loans at March 31, 2020 and December 31, 2019 are summarized as follows: March 31, December 31, 2020 2019 Mortgage loans: 1-4 Family residential Investor-Owned $ 308,206 $ 305,272 Owner-Occupied 93,887 91,943 Multifamily residential 259,326 250,239 Nonresidential properties 210,225 207,225 Construction and land 100,202 99,309 Nonmortgage loans: Business loans 11,183 10,877 Consumer loans 1,288 1,231 984,317 966,096 Net deferred loan origination costs 2,146 1,970 Allowance for loan losses (13,484 ) (12,329 ) Loans receivable, net $ 972,979 $ 955,737 The Company’s lending activities are conducted principally in New York City. The Company primarily grants loans secured by real estate to individuals and businesses pursuant to an established credit policy applicable to each type of lending activity in which it engages. Although collateral provides assurance as a secondary source of repayment, the Company ordinarily requires the primary source of repayment to be based on the borrowers’ ability to generate continuing cash flows. The Company also evaluates the collateral and creditworthiness of each customer. The credit policy provides that depending on the borrowers’ creditworthiness and type of collateral, credit may be extended up to predetermined percentages of the market value of the collateral. Real estate is the primary form of collateral. Other important forms of collateral are time deposits and marketable securities. For disclosures related to the allowance for loan losses and credit quality, the Company does not have any disaggregated classes of loans below the segment level. Credit-Quality Indicators The objectives of the Company’s risk-rating system are to provide the Board of Directors and senior management with an objective assessment of the overall quality of the loan portfolio, to promptly and accurately identify loans with well-defined credit weaknesses so that timely action can be taken to minimize credit loss, to identify relevant trends affecting the collectability of the loan portfolio, to isolate potential problem areas and to provide essential information for determining the adequacy of the allowance for loan losses. Below are the definitions of the internally assigned risk ratings: • Strong Pass – Loans to a new or existing borrower collateralized at least 90 percent by an unimpaired deposit account at the Company. • Good Pass – Loans to a new or existing borrower in a well-established enterprise in excellent financial condition with strong liquidity and a history of consistently high level of earnings, cash flow and debt service capacity. • Satisfactory Pass – Loans to a new or existing borrower of average strength with acceptable financial condition, satisfactory record of earnings and sufficient historical and projected cash flow to service the debt. • Performance Pass – Existing loans that evidence strong payment history but document less than average strength, financial condition, record of earnings, or projected cash flows with which to service the debt. Note 4. Loans Receivable and Allowance for Loan Losses (Continued) • Special Mention – Loans in this category are currently protected but show one or more potential weaknesses and risks which may inadequately protect collectability or borrower’s ability to meet repayment terms at some future date if the weakness or weaknesses are not monitored or remediated. • Substandard – Loans that are inadequately protected by the repayment capacity of the borrower or the current sound net worth of the collateral pledged, if any. Loans in this category have well defined weaknesses and risks that jeopardize the repayment. They are characterized by the distinct possibility that some loss may be sustained if the deficiencies are not remediated. • Doubtful – Loans that have all the weaknesses of loans classified as “Substandard” with the added characteristics that the weaknesses make collection or liquidation in full, on the basis of current existing facts, conditions, and values, highly questionable and improbable. Loans within the top four categories above are considered pass rated, as commonly defined. Risk ratings are assigned as necessary to differentiate risk within the portfolio. Risk ratings are reviewed on an ongoing basis and revised to reflect changes in the borrowers’ financial condition and outlook, debt service coverage capability, repayment performance, collateral value and coverage as well as other considerations. The following tables present credit risk ratings by loan segment as of March 31, 2020 and December 31, 2019: March 31, 2020 Mortgage Loans Nonmortgage Loans Construction Total 1-4 Family Multifamily Nonresidential and Land Business Consumer Loans Risk Rating: Pass $ 391,745 $ 258,579 $ 204,280 $ 77,232 $ 11,183 $ 1,288 $ 944,307 Special mention 2,371 — — 15,720 — — 18,091 Substandard 7,977 747 5,945 7,250 — — 21,919 Total $ 402,093 $ 259,326 $ 210,225 $ 100,202 $ 11,183 $ 1,288 $ 984,317 December 31, 2019 Mortgage Loans Nonmortgage Loans Construction Total 1-4 Family Multifamily Nonresidential and Land Business Consumer Loans Risk Rating: Pass $ 386,022 $ 249,066 $ 202,761 $ 75,997 $ 10,877 $ 1,231 $ 925,954 Special mention 2,412 — — 14,943 — — 17,355 Substandard 8,781 1,173 4,464 8,369 — — 22,787 Total $ 397,215 $ 250,239 $ 207,225 $ 99,309 $ 10,877 $ 1,231 $ 966,096 Note 4. Loans Receivable and Allowance for Loan Losses (Continued) An aging analysis of loans, as of March 31, 2020 and December 31, 2019, is as follows: March 31, 2020 30-59 60-89 90 Days 90 Days Days Days or More Nonaccrual or More Current (1) Past Due Past Due Past Due Total Loans Accruing Mortgage loans: 1-4 Family residential Investor-Owned $ 302,899 $ 4,225 $ — $ 1,082 $ 308,206 $ 1,541 $ — Owner-Occupied 91,189 1,011 — 1,687 93,887 3,260 — Multifamily residential 258,177 1,149 — — 259,326 — — Nonresidential properties 205,340 1,152 — 3,733 210,225 3,844 — Construction and land 100,202 — — — 100,202 — — Nonmortgage loans: Business 11,183 — — — 11,183 — — Consumer 1,288 — — — 1,288 — — Total $ 970,278 $ 7,537 $ — $ 6,502 $ 984,317 $ 8,645 $ — (1) As of March 31, 2020, the Company had $18,697 of loans eligible for deferral of payments under Section 4013 of the CARES Act that are presented as current in the aging analysis of loans. December 31, 2019 30-59 60-89 90 Days 90 Days Days Days or More Nonaccrual or More Current Past Due Past Due Past Due Total Loans Accruing Mortgage loans: 1-4 Family residential Investor-Owned $ 300,324 $ 3,866 $ — $ 1,082 $ 305,272 $ 1,749 $ — Owner-Occupied 87,243 3,405 — 1,295 91,943 3,500 — Multifamily residential 246,318 3,921 — — 250,239 — — Nonresidential properties 203,514 3 — 3,708 207,225 4,201 — Construction and land 99,309 — — — 99,309 1,118 — Nonmortgage loans: Business 10,877 — — — 10,877 — — Consumer 1,231 — — — 1,231 — — Total $ 948,816 $ 11,195 $ — $ 6,085 $ 966,096 $ 10,568 $ — Note 4. Loans Receivable and Allowance for Loan Losses (Continued) The following schedules detail the composition of the allowance for loan losses and the related recorded investment in loans as of March 31, 2020 and 2019, and December 31, 2019: For the Three Months Ended March 31, 2020 Mortgage Loans Nonmortgage Loans Total 1-4 Family Investor Owned 1-4 Family Owner Occupied Multifamily Nonresidential Construction and Land Business Consumer For the Period Allowance for loan losses: Balance, beginning of period $ 3,503 $ 1,067 $ 3,865 $ 1,849 $ 1,782 $ 254 $ 9 $ 12,329 Provision charged to expense 234 120 398 291 123 (22 ) 2 1,146 Losses charged-off — — — — — — — Recoveries — — — 2 — 7 — 9 Balance, end of period $ 3,737 $ 1,187 $ 4,263 $ 2,142 $ 1,905 $ 239 $ 11 $ 13,484 Ending balance: individually evaluated for impairment $ 113 $ 145 $ — $ 31 $ — $ — $ — $ 289 Ending balance: collectively evaluated for impairment 3,624 1,042 4,263 2,111 1,905 239 11 13,195 Total $ 3,737 $ 1,187 $ 4,263 $ 2,142 $ 1,905 $ 239 $ 11 $ 13,484 Loans: Ending balance: individually evaluated for impairment $ 5,303 $ 5,613 $ — $ 5,182 $ — $ — $ — $ 16,098 Ending balance: collectively evaluated for impairment 302,903 88,274 259,326 205,043 100,202 11,183 1,288 968,219 Total $ 308,206 $ 93,887 $ 259,326 $ 210,225 $ 100,202 $ 11,183 $ 1,288 $ 984,317 Note 4. Loans Receivable and Allowance for Loan Losses (Continued) For the Three Months Ended March 31, 2019 Mortgage Loans Nonmortgage Loans Total 1-4 Family Investor Owned 1-4 Family Owner Occupied Multifamily Nonresidential Construction and Land Business Consumer For the Period Allowance for loan losses: Balance, beginning of period $ 3,799 $ 1,208 $ 3,829 $ 1,925 $ 1,631 $ 260 $ 7 $ 12,659 Provision charged to expense (248 ) (40 ) (116 ) (2 ) (98 ) 651 2 149 Losses charged-off — — — — — (377 ) — (377 ) Recoveries — — — 2 — 15 1 18 Balance, end of period $ 3,551 $ 1,168 $ 3,713 $ 1,925 $ 1,533 $ 549 $ 10 $ 12,449 Ending balance: individually evaluated for impairment $ 344 $ 214 $ — $ 125 $ — $ 275 $ 4 $ 962 Ending balance: collectively evaluated for impairment 3,207 954 3,713 1,800 1,533 274 6 11,487 Total $ 3,551 $ 1,168 $ 3,713 $ 1,925 $ 1,533 $ 549 $ 10 $ 12,449 Loans: Ending balance: individually evaluated for impairment $ 7,464 $ 6,321 $ 13 $ 2,570 $ 1,341 $ 315 $ 4 $ 18,028 Ending balance: collectively evaluated for impairment 297,186 89,128 234,736 197,333 83,503 14,786 1,121 917,793 Total $ 304,650 $ 95,449 $ 234,749 $ 199,903 $ 84,844 $ 15,101 $ 1,125 $ 935,821 Note 4. Loans Receivable and Allowance for Loan Losses (Continued) For the Year Ended December 31, 2019 Mortgage Loans Nonmortgage Loans Total 1-4 Family Investor Owned 1-4 Family Owner Occupied Multifamily Nonresidential Construction and Land Business Consumer For the Period Allowance for loan losses: Balance, beginning of year $ 3,799 $ 1,208 $ 3,829 $ 1,925 $ 1,631 $ 260 $ 7 $ 12,659 Provision charged to expense (311 ) (141 ) 36 (85 ) 151 608 — 258 Losses charged-off (8 ) — — — — (724 ) — (732 ) Recoveries 23 — — 9 — 110 2 144 Balance, end of year $ 3,503 $ 1,067 $ 3,865 $ 1,849 $ 1,782 $ 254 $ 9 $ 12,329 Ending balance: individually evaluated for impairment $ 265 $ 149 $ — $ 31 $ — $ 14 $ — $ 459 Ending balance: collectively evaluated for impairment 3,238 918 3,865 1,818 1,782 240 9 11,870 Total $ 3,503 $ 1,067 $ 3,865 $ 1,849 $ 1,782 $ 254 $ 9 $ 12,329 Loans: Ending balance: individually evaluated for impairment $ 6,973 $ 5,572 $ — $ 5,548 $ 1,125 $ 14 $ — $ 19,232 Ending balance: collectively evaluated for impairment 298,299 86,371 250,239 201,677 98,184 10,863 1,231 946,864 Total $ 305,272 $ 91,943 $ 250,239 $ 207,225 $ 99,309 $ 10,877 $ 1,231 $ 966,096 Loans are considered impaired when current information and events indicate all amounts due may not be collectable according to the contractual terms of the related loan agreements. Impaired loans, including troubled debt restructurings, are identified by applying normal loan review procedures in accordance with the allowance for loan losses methodology. Management periodically assesses loans to determine whether impairment exists. Any loan that is, or will potentially be, no longer performing in accordance with the terms of the original loan contract is evaluated to determine impairment. Note 4. Loans Receivable and Allowance for Loan Losses (Continued) The following information relates to impaired loans as of and for the three months ended March 31, 2020 and 2019 and for the year ended December 31, 2019: Unpaid Contractual Recorded Investment Recorded Investment Total Average Interest Income Principal With No With Recorded Related Recorded Recognized For the Three Months Ended March 31, 2020 Balance Allowance Allowance Investment Allowance Investment on a Cash Basis Mortgage loans: 1-4 Family residential $ 11,859 $ 8,454 $ 2,462 $ 10,916 $ 258 $ 12,568 $ 57 Multifamily residential — — — — — 6 — Nonresidential properties 5,245 4,810 372 5,182 31 4,419 9 Construction and land — — — — — 1,035 — Nonmortgage loans: Business — — — — — 129 — Consumer — — — — — 1 — Total $ 17,104 $ 13,264 $ 2,834 $ 16,098 $ 289 $ 18,158 $ 66 Unpaid Contractual Recorded Investment Recorded Investment Total Average Interest Income Principal With No With Recorded Related Recorded Recognized For the Three Months Ended March 31, 2019 Balance Allowance Allowance Investment Allowance Investment on a Cash Basis Mortgage loans: 1-4 Family residential $ 14,901 $ 7,944 $ 5,841 $ 13,785 $ 558 $ 14,217 $ 191 Multifamily residential 13 13 — 13 — 6 — Nonresidential properties 2,766 2,094 476 2,570 125 2,698 37 Construction and land 1,615 1,341 — 1,341 — 1,153 1 Nonmortgage loans: Business 696 40 275 315 275 399 — Consumer 4 — 4 4 4 1 — Total $ 19,995 $ 11,432 $ 6,596 $ 18,028 $ 962 $ 18,474 $ 229 Unpaid Contractual Recorded Investment Recorded Investment Total Average Interest Income Principal With No With Recorded Related Recorded Recognized December 31, 2019 Balance Allowance Allowance Investment Allowance Investment on a Cash Basis Mortgage loans: 1-4 Family residential $ 13,566 $ 8,390 $ 4,155 $ 12,545 $ 414 $ 12,995 $ 361 Multifamily residential — — — — — 6 — Nonresidential properties 5,640 5,173 375 5,548 31 3,988 121 Construction and land 1,465 1,125 — 1,125 — 1,219 6 Nonmortgage loans: Business 16 — 14 14 14 195 — Consumer — — — — — 1 — Total $ 20,687 $ 14,688 $ 4,544 $ 19,232 $ 459 $ 18,404 $ 488 Note 4. Loans Receivable and Allowance for Loan Losses (Continued) The loan portfolio also includes certain loans that have been modified to troubled debt restructurings. Under applicable standards, loans are modified to troubled debt restructurings when a creditor, for economic or legal reasons related to a debtor’s financial condition, grants a concession to the debtor that it would not otherwise consider, unless it results in a delay in payment that is insignificant. These concessions could include a reduction of interest rate on the loan, payment and maturity extensions, forbearance, or other actions intended to maximize collections. When a loan is modified to a troubled debt restructuring, management evaluates for any possible impairment using either the discounted cash flows method, where the value of the modified loan is based on the present value of expected cash flows, discounted at the contractual interest rate of the original loan agreement, or by using the fair value of the collateral less selling costs if repayment under the modified terms becomes doubtful. If management determines that the value of the modified loan in a troubled debt restructuring is less than the recorded investment in the loan, impairment is recognized through a specific allowance estimate or charge-off against the allowance for loan losses. During the three months ended March 31, 2020, there was no troubled debt restructuring and as of and for the year ended December 31, 2019, there was one loans restructured as troubled debt restructuring. Loans Restructured During All TDRs with a payment default within 12 months following the Three Months Ended March 31, 2020 modification Pre- Post- Balance Modification Modification of Loans Number Recorded Recorded Number at the Time of Loans Balance Balance of Loans of Default Mortgages: 1-4 Family — $ — $ — — $ — Total — $ — $ — — $ — Combination of rate, maturity, other — $ — $ — — $ — Total — $ — $ — — $ — Loans Restructured During All TDRs with a payment default within 12 months following the Year Ended December 31, 2019 modification Pre- Post- Balance Modification Modification of Loans Number Recorded Recorded Number at the Time of Loans Balance Balance of Loans of Default Mortgages: 1-4 Family 1 $ 275 $ 283 — $ — Total 1 $ 275 $ 283 — $ — Combination of rate, maturity, other 1 $ 275 $ 283 — $ — Total 1 $ 275 $ 283 — $ — At March 31, 2020, there were 34 troubled debt restructured loans totaling $10,489 of which $7,390 are on accrual status. At December 31, 2019, there were 36 troubled debt restructured loans totaling $12,204 of which $8,601 are on accrual status. There were no commitments to lend additional funds to borrowers whose loans have been modified in a troubled debt restructuring. The financial impact from the concessions made represents specific impairment reserves on these loans, which aggregated to $289 and $459 at March 31, 2020 and December 31, 2019, respectively. At March 31, 2020 and at December 31, 2019, there was one loan in the amount of $1,030 held for sale, respectively. Note 4. Loans Receivable and Allowance for Loan Losses (Continued) In accordance with the Interagency Statement, financial institutions are encouraged to provide payment accommodations, which may include payment deferrals, to any consumer and small businesses who can demonstrate financial hardship caused by the COVID-19 pandemic. As of May 7, 2020, the Bank has granted loan payment deferrals for 264 residential mortgage loans totaling $205,788, 68 nonresidential properties mortgage loans totaling $76,044, as well as deferrals for 10 construction loans totaling $43,733, 7 business loans totaling $1,208 and 3 consumer loans totaling $35. In accordance with the CARES Act and Interagency Statement, these modifications are not considered troubled debt restructurings. Any furnisher of credit information that agrees to defer payments, forbear on any delinquent credit or account, or provide any other relief to consumers affected by the COVID-19 pandemic must report the credit obligation or account as current if the credit obligation or account was current before the accommodation.

Premises and Equipment

Premises and Equipment	3 Months Ended
	Mar. 31, 2020
Property Plant And Equipment [Abstract]
Premises and Equipment	Note 5. Premises and Equipment Premises and equipment at March 31, 2020 and December 31, 2019 are summarized as follows: March 31, December 31, 2020 2019 Land $ 3,979 $ 3,979 Buildings and improvements 17,423 17,350 Leasehold improvements 25,559 25,534 Furniture, fixtures and equipment 8,751 8,513 55,712 55,376 Less: accumulated depreciation and amortization (23,232 ) (22,630 ) Total premises and equipment $ 32,480 $ 32,746 Depreciation and amortization expense amounted to $602 and $509 for the three months ended March 31, 2020 and 2019, respectively, and are included in occupancy and equipment in the accompanying consolidated statements of income. Leasehold improvements increased by $25 to $25,559 and buildings and improvements increased by $73 to $17,423 at March 31, 2020 as part of the branch renovation initiative. Furniture, fixtures and equipment also increased by $238 to $8,751 at March 31, 2020, mainly as a result of purchases of laptops and software to facilitate remote working during the COVID-19 pandemic.

Deposits

Deposits	3 Months Ended
	Mar. 31, 2020
Banking And Thrift [Abstract]
Deposits	Note 6. Deposits Deposits at March 31, 2020 and December 31, 2019 are summarized as follows: March 31, December 31, 2020 2019 Demand $ 110,801 $ 109,548 Interest-bearing deposits: NOW/IOLA accounts 31,586 32,866 Money market accounts 121,629 86,721 Reciprocal deposits (1) 62,384 47,659 Savings accounts 112,318 115,751 Total NOW, money market, reciprocal and savings 327,917 282,997 Certificates of deposit of $250K or more 81,486 84,263 Brokered certificates of deposits (2) 51,661 76,797 Listing service deposits (2) 55,842 32,400 Certificates of deposit less than $250K 202,034 196,038 Total certificates of deposit 391,023 389,498 Total interest-bearing deposits 718,940 672,495 Total deposits $ 829,741 $ 782,043 (1) Included in reciprocal deposits are money market accounts and certificates of deposit. (2) There were no individual brokered certificates of deposit or listing service deposits amounting to $250K or more. Note 6. Deposits (Continued) At March 31, 2020 scheduled maturities of certificates of deposit were as follows: March 31, 2021 $ 221,316 2022 90,094 2023 50,154 2024 20,016 2025 9,443 $ 391,023 Overdrawn deposit accounts that have been reclassified to loans amounted to $74 and $199 as of March 31, 2020 and December 31, 2019, respectively.

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Borrowings	Note 7. Borrowings FHLBNY Advances The Bank had $152,284 and $104,404 of outstanding term advances from the FHLBNY at March 31, 2020 and December 31, 2019, respectively. Additionally, the Bank had an unsecured line of credit in the amount of $25,000 with a correspondent bank at March 31, 2020 and December 31, 2019, of which $0 were outstanding as of March 31, 2020 and December 31, 2019, respectively. The Bank also had a guarantee from the FHLBNY through a standby letter of credit of $3,355 at March 31, 2020 and $3,455 at December 31, 2019, respectively. Borrowed funds at March 31, 2020 and December 31, 2019 consist of the following and are summarized by maturity and call date below: March 31, December 31, 2020 2019 Scheduled Maturity Redeemable at Call Date Weighted Average Rate Scheduled Maturity Redeemable at Call Date Weighted Average Rate Correspondent Bank Overnight line of credit advance $ — $ — — % $ — $ — — FHLBNY Term advances ending: 2020 43,029 43,029 0.86 8,029 8,029 2.86 2021 3,000 3,000 1.84 3,000 3,000 1.84 2022 77,880 77,880 1.73 65,000 65,000 1.89 2023 28,375 28,375 2.82 28,375 28,375 2.82 $ 152,284 $ 152,284 1.69 % $ 104,404 $ 104,404 2.21 % Interest expense on advances totaled $587 and $333 for the three months ended March 31, 2020 and 2019, respectively. As of March 31, 2020 and December 31, 2019, the Bank had eligible collateral of approximately $305,089 and $301,753, respectively, in residential 1-4 family and multifamily mortgage loans available to secure advances from the FHLBNY.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 8. Income Taxes The provision (benefit) for income taxes for the three months ended March 31, 2020 and 2019 consist of the following: For the Three Months Ended March 31, 2020 2019 Federal: Current $ 158 $ 274 Deferred (276 ) 8 (118 ) 282 State and local: Current 58 101 Deferred (690 ) (289 ) (632 ) (188 ) Valuation allowance 541 213 Provision (benefit) for income taxes $ (209 ) $ 307 Total income tax expense differed from the amounts computed by applying the U.S. federal income tax rate of 21% for the three months ended March 31, 2020 and 2019 respectively, to income before income taxes as a result of the following: For the Three Months Ended March 31, 2020 2019 Income tax, at federal rate $ (299 ) $ 205 State and local tax, net of federal taxes (500 ) (150 ) Valuation allowance, net of the federal benefit 541 213 Other 49 39 $ (209 ) $ 307 Note 8. Income Taxes (Continued) Management maintains a valuation allowance against its net New York State and New York City deferred tax assets as it is unlikely these deferred tax assets will impact the Company's tax liability in future years. The valuation allowance increased by $328 and $213 for the three months ended March 31, 2020 and 2019, respectively. Management has determined that it is not required to establish a valuation allowance against any other deferred tax assets since it is more likely than not that the deferred tax assets will be fully utilized in future periods. In assessing the need for a valuation allowance, management considers the scheduled reversal of the deferred tax liabilities, the level of historical taxable income, and the projected future taxable income over the periods that the temporary differences comprising the deferred tax assets will be deductible. At March 31, 2020 and December 31, 2019, the Company had no unrecognized tax benefits recorded related to uncertain tax positions. The Company does not expect that the total amount of unrecognized tax benefits will significantly increase in the next twelve months. The Company is subject to U.S. federal income tax, New York State income tax, New Jersey income tax, and New York City income tax. The Company is no longer subject to examination by taxing authorities for years before 2016. On March 27, 2020, the President signed the CARES Act to help individuals and businesses that have been negatively impacted by the COVID-19 pandemic. Among other provisions, the CARES Act allows net operating losses, which were modified with the Tax Cuts and Jobs Act of 2017, to be carried back five years. It also modifies the useful lives of qualified leasehold improvements, relaxing the excess loss limitations on pass-through and increasing the interest expense limitation. The Company does not expect the CARES Act to have a material tax impact on the Company's consolidated financial statements. Note 8. Income Taxes (Continued) The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at March 31, 2020 and December 31, 2019 are presented below: March 31, December 31, 2020 2019 Deferred tax assets: Allowance for loan losses $ 4,364 $ 3,990 Interest on nonaccrual loans 449 338 Unrealized loss on available-for-sale securities (18 ) 7 Amortization of intangible assets 83 88 Deferred rent payable 104 — Depreciation of premises and equipment 30 30 Net operating losses 4,576 4,258 Charitable contribution carryforward 1,612 1,675 Compensation and benefits 324 182 Other 103 130 Total gross deferred tax assets 11,627 10,698 Deferred tax liabilities: Cumulative contribution in excess of net periodic benefit costs, net — 85 Deferred loan fees 695 638 Other 7 7 Total gross deferred tax liabilities 702 730 Valuation allowance 6,785 6,244 Net deferred tax assets $ 4,140 $ 3,724

Compensation and Benefit Plans

Compensation and Benefit Plans	3 Months Ended
	Mar. 31, 2020
Compensation And Retirement Disclosure [Abstract]
Compensation and Benefit Plans	Note 9. Compensation and Benefit Plans 401(k) Plan The Company provides a qualified defined contribution retirement plan under Section 401(k) of the Internal Revenue Code. The 401(k) Plan qualifies under the Internal Revenue Service safe harbor provisions, as defined. Employees are eligible to participate in the 401(k) Plan at the beginning of each quarter (January 1, April 1, July 1, or October 1). The 401(k) Plan provides for elective employee/participant deferrals of income. Discretionary matching, profit-sharing, and safe harbor contributions, not to exceed 4% of employee compensation and profit-sharing contributions may be provided. The Company is currently making a safe harbor contribution of 3%. The 401(k) expenses recorded in the consolidated statements of income amounted to $266 and $90 for the three months ended March 31, 2020 and 2019, respectively. Employee Stock Ownership Plan: In connection with the reorganization, the Company established an ESOP for the exclusive benefit of eligible employees. The ESOP borrowed $7,238 from the Company sufficient to purchase 723,751 shares (approximately 3.92% of the common stock sold in the Company’s initial stock offering). The loan is secured by the shares purchased and will be repaid by the ESOP with funds from contributions made by the Company and dividends received by the ESOP. Contributions will be applied to repay interest on the loan first, and then the remainder will be applied to principal. The loan is expected to be repaid over a period of 15 years. Shares purchased with the loan proceeds are held by the trustee in a suspense account for allocation among participants as the loan is repaid. Contributions to the ESOP and shares released from the suspense account are allocated among participants in proportion to their compensation, relative to total compensation of all active participants, subject to applicable regulations. Note 9. Compensation and Benefit Plans (Continued) Contributions to the ESOP are to be sufficient to pay principal and interest currently due under the loan agreement. As shares are committed to be released from collateral, compensation expense equal to the average market price of the shares for the respective periods are recognized, and the shares become outstanding for earnings per share computations (see Note 10). A summary of the ESOP shares as of March 31, 2020 and December 31, 2019 are as follows: March 31, 2020 December 31, 2019 Shares committed-to-be released 12,063 48,250 Shares to be allocated to participants 144,750 96,500 Unallocated shares 566,938 579,001 Total 723,751 723,751 Fair value of unearned shares $ 5,822 $ 8,511 The Company recognized ESOP related compensation expense, including ESOP equalization expense, of $156 and $203 for the three months ended March 31, 2020 and 2019, respectively. Supplemental Executive Retirement Plan: The Bank maintains a non-qualified supplemental executive retirement plan (“SERP”) for the benefit of one key executive. The SERP expense recognized for the three months ended March 31, 2020 and 2019 was $15 and $17, respectively. 2018 Incentive Plan The Company’s stockholders approved the PDL Community Bancorp 2018 Long-Term Incentive Plan (the “2018 Incentive Plan”) at the Special Meeting of Stockholders on October 30, 2018. The maximum number of shares of common stock which can be issued under the 2018 Incentive Plan is 1,248,469. Of the 1,248,469 shares, the maximum number of shares that may be awarded under the 2018 Incentive Plan pursuant to the exercise of stock options or stock appreciation rights (“SARs”) is 891,764 shares (all of which may be granted as incentive stock options), and the number of shares of common stock that may be issued as restricted stock awards or restricted stock units is 356,705 shares. However, the 2018 Incentive Plan contains a flex feature that provides that awards of restricted stock and restricted stock units in excess of the 356,705 share limitation may be granted but each share of stock covered by such excess award shall reduce the 891,764 share limitation for awards of stock options and SARs by 3.0 shares of common stock. The Company converted 462,522 awards of stock options into 154,174 restricted stock units in 2018. Under the 2018 Incentive Plan, the Company made grants equal to 674,645 shares on December 4, 2018 which include 119,176 incentive options to executive officers, 44,590 non-qualified options to outside directors, 40,000 restricted stock units to officers, 322,254 restricted stock units to executive officers and 148,625 shares of restricted stock units to outside directors. Awards to directors generally vest 20% annually beginning with the first anniversary of the date of grant. Awards to a director with fewer than five years of service at the time of grant vest over a longer period and will not become fully vested until the director has completed ten years of service. Awards to the executive officer who is not a director vest 20% annually beginning on December 4, 2020. As of March 31, 2020 and December 31, 2019, the maximum number of stock options and SARs remaining to be awarded under the Incentive Plan was 265,476 for both periods. As of March 31, 2020 and December 31, 2019, the maximum number of shares of common stock that may be issued as restricted stock or restricted stock units remaining to be awarded under the Incentive Plan was 0, for both periods. If the 2018 Incentive Plan’s flex feature described above were fully utilized, the maximum number of shares of common stock that may be awarded as restricted stock or restricted stock units would be 88,492, but would eliminate the availability of stock options and SARs available for award. Note 9. Compensation and Benefit Plans (Continued) The product of the number of units granted and the grant date market price of the Company’s common stock determine the fair value of restricted stock units under the Company’s 2018 Incentive Plan. Management recognizes compensation expense for the fair value of restricted stock units on a straight-line basis over the requisite service period for the entire award. A summary of the Company’s restricted stock units awards activity and related information for the three months ended March 31, 2020 and year ended December 31, 2019 are as follows: March 31, 2020 Number of Shares Weighted- Average Grant Date Fair Value Per Share Non-vested, beginning of year 420,744 $ 12.78 Granted — — Forfeited — — Vested — — Non-vested at March 31 420,744 $ 12.78 December 31, 2019 Number of Shares Weighted- Average Grant Date Fair Value Per Share Non-vested, beginning of year 510,879 $ 12.77 Granted 29,725 12.93 Forfeited (29,725 ) 12.77 Vested (90,135 ) 12.77 Non-vested at December 31 420,744 $ 12.78 Compensation expense related to restricted stock units for the three months ended March 31, 2020 and 2019, was $324 and $300, respectively. As of March 31, 2020, the total remaining unrecognized compensation cost related to restricted stock units was $4,959, which is expected to be recognized over the next 31 quarters. A summary of the Company’s stock option awards activity and related information for the three months ended March 31, 2020 and year ended December 31, 2019 are as follows: March 31, 2020 Options Weighted- Average Exercise Price Per Share Outstanding, beginning of year 163,766 $ 12.78 Granted — — Exercised — — Forfeited — — Outstanding at March 31 (1) 163,766 $ 12.78 Exercisable at March 31 (1) 24,788 $ 12.77 Note 9. Compensation and Benefit Plans (Continued) December 31, 2019 Options Weighted- Average Exercise Price Per Share Outstanding, beginning of year 163,766 $ 12.77 Granted 8,918 12.93 Exercised — — Forfeited (8,918 ) 12.77 Outstanding at December 31 (1) 163,766 $ 12.78 Exercisable at December 31 (1) 24,788 $ 12.77 (1) The aggregate intrinsic value, which represents the difference between the price of the Company’s common stock at respective periods and the stated exercise price of the underlying options, was $0 and $315 for outstanding options and $0 and $48 for exercisable options at March 31, 2020 and December 31, 2019, respectively. The weighted-average exercise price for the options as of March 31, 2020 was $12.78 per share and the weighted average remaining contractual life is 8.7 years. The weighted average period over which it is expected to be recognized is 5.2 years. There were 24,788 shares exercisable as of March 31, 2020 and December 31, 2019, respectively. Total compensation cost related to stock options recognized was $29 and $26 for the three months ended March 31, 2020 and 2019, respectively. As of March 31, 2020, the total remaining unrecognized compensation cost related to unvested stock options was $445, which is expected to be recognized over the next 31 quarters. The fair value of each option grant is estimated on the date of grant using Black-Scholes option pricing model with the following weighted average assumptions: For the Three Months Ended March 31, 2020 2019 Dividend yield 0.00 % 0.00 % Expected life 6.5 years 6.5 years Expected volatility 16.94 % 16.94 % Risk-free interest rate 2.51 % 2.51 % Weighted average grant date fair value $4.01 $4.01 The expected volatility is based on the Company’s historical volatility. The expected life is an estimate based on management’s review of the various factors and calculated using the simplified method for plain vanilla options. The dividend yield assumption is based on the Company’s history and expectation of dividend payouts. Treasury Stock The Company adopted a share repurchase program effective March 25, 2019 which expired on September 24, 2019. Under the repurchase program, the Company was permitted to repurchase up to 923,151 shares of the Company’s stock, or approximately 5% of the Company’s then current issued and outstanding shares. On November 13, 2019, the Company adopted a second share repurchase program. Under this second program, the Company was permitted to repurchase up to 878,835 shares of the Company’s stock, or approximately 5% of the Company’s then current issued and outstanding shares. The Company’s share repurchase program was terminated on March 27, 2020. As of March 27, 2020, the Company had repurchased a total of 1,253,423 shares under the repurchase programs at a weighted average price of $14.18 per share, which were reported as treasury stock. Of the 1,253,423 shares of treasury stock, 90,135 shares were reissued to directors and executive officers under the Company’s 2018 Long-Term Incentive Plan pursuant to restricted stock units which vested on December 4, 2019. As of March 31, 2020, 1,163,288 shares are reported as treasury stock in the Company’s consolidated statement of financial condition.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Note 10. Earnings (Loss) Per Share The following table presents a reconciliation of the number of shares used in the calculation of basic and diluted earnings (loss) per common share: For the Three Months Ended March 31, 2020 2019 (Dollars in thousands except share data) Net income (loss) $ (1,213 ) $ 668 Common shares outstanding for basic EPS: Weighted average common shares outstanding 17,379,406 18,462,412 Less: Weighted average unallocated Employee Stock Ownership Plan (ESOP) shares 578,868 627,117 Basic weighted average common shares outstanding 16,800,538 17,835,295 Basic earnings (loss) per common share $ (0.07 ) $ 0.04 Dilutive potential common shares: Add: Dilutive effect of restricted stock awards and stock options — 29,032 Diluted weighted average common shares outstanding 16,800,538 17,864,327 Diluted earnings (loss) per common share $ (0.07 ) $ 0.04

Commitments, Contingencies and

Commitments, Contingencies and Credit Risk	3 Months Ended
	Mar. 31, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments, Contingencies and Credit Risk	Note 11. Commitments, Contingencies and Credit Risk Financial Instruments With Off-Balance-Sheet Risk The contractual amounts of commitments to extend credit represent the amounts of potential accounting loss should the contract be fully drawn upon, the customer default, and the value of any existing collateral become worthless. The same credit policies are used in making commitments and contractual obligations as for on-balance-sheet instruments. Financial instruments whose contractual amounts represent credit risk at March 31, 2020 and December 31, 2019 are as follows: March 31, December 31, 2020 2019 Commitments to grant mortgage loans $ 51,832 $ 64,829 Unfunded commitments under lines of credit 28,850 27,833 Standby letters of credit 3,355 3,455 $ 84,037 $ 96,117 Note 11. Commitments, Contingencies and Credit Risk (Continued) Commitments to Grant Mortgage Loans Unfunded Commitments Under Lines of Credit Standby Letters of Credit Concentration by Geographic Location Lease Commitments The projected minimum rental payments under the terms of the leases at March 31, 2020 are as follows: March 31, Remainder of 2020 $ 1,008 2021 1,380 2022 1,290 2023 1,277 2024 1,311 2025 1,280 Thereafter 4,566 $ 12,112 Legal Matters

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value	Note 12. Fair Value The following fair value hierarchy is used based on the lowest level of input significant to the fair value measurement. There are three levels of inputs that may be used to measure fair values: Level 1 – Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Note 12. Fair Value (Continued) Level 2 – Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 – Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The Company used the following methods and significant assumptions to estimate fair value: Cash and Cash Equivalents, Accrued Interest Receivable, Advance Payments by Borrowers for Taxes and Insurance, and Accrued Interest Payable Available-for-Sale Securities FHLBNY Stock Loans Loans Held for Sale Other Real Estate Owned Deposits FHLBNY Advances Off-Balance-Sheet Instruments Fair values for off-balance-sheet instruments (lending commitments Note 12. Fair Value (Continued) The following tables detail the assets that are carried at fair value and measured at fair value on a recurring basis as of March 31, 2020 and December 31, 2019, and indicate the level within the fair value hierarchy utilized to determine the fair value: March 31, 2020 Description Total Level 1 Level 2 Level 3 Available-for-Sale Securities: U.S. government and federal agencies $ 5,507 $ — $ 5,507 $ — Corporate bonds 8,678 — 8,678 — Mortgage-Backed Securities: FNMA Certificates 4,527 — 4,527 — GNMA Certificates 428 — 428 — $ 19,140 $ — $ 19,140 $ — December 31, 2019 Description Total Level 1 Level 2 Level 3 Available-for-Sale Securities: U.S. government and federal agencies $ 16,354 $ — $ 16,354 $ — Mortgage-Backed Securities: FNMA Certificates 4,659 — 4,659 — GNMA Certificates 491 — 491 — $ 21,504 $ — $ 21,504 $ — Management’s assessment and classification of an investment within a level can change over time based upon maturity or liquidity of the investment and would be reflected at the beginning of the quarter in which the change occurred. The following tables detail the assets carried at fair value and measured at fair value on a nonrecurring basis as of March 31, 2020 and December 31, 2019 and indicate the fair value hierarchy utilized to determine the fair value: March 31, 2020 Total Level 1 Level 2 Level 3 Impaired loans $ 16,098 $ — $ — $ 16,098 December 31, 2019 Total Level 1 Level 2 Level 3 Impaired loans $ 19,232 $ — $ — $ 19,232 Losses on assets carried at fair value on a nonrecurring basis were de minimis The fair value information about financial instruments are disclosed, whether or not recognized in the consolidated statements of financial condition, for which it is practicable to estimate that value. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. The estimated fair value amounts for 2020 and 2019 have been measured as of their respective period-ends and have not been reevaluated or updated for purposes of these consolidated financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than amounts reported at each period. The information presented should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only required for a limited portion of the Company's assets and liabilities. Due to the wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company's disclosures and those of other banks may not be meaningful. Note 12. Fair Value (Continued) As of March 31, 2020 and December 31, 2019, the book balances and estimated fair values of the Company's financial instruments were as follows: Carrying Fair Value Measurements Amount Level 1 Level 2 Level 3 Total March 31, 2020 Financial assets: Cash and cash equivalents $ 103,960 $ 103,960 $ — $ — $ 103,960 Available-for-sale securities 19,140 — 19,140 — 19,140 Loans held for sale 1,030 — — 1,047 1,047 Loans receivable, net 972,979 — — 988,936 988,936 Accrued interest receivable 4,198 — 4,198 — 4,198 FHLBNY stock 7,889 7,889 — — 7,889 Financial liabilities: Deposits: Demand deposits 110,801 110,801 — — 110,801 Interest-bearing deposits 327,917 327,917 — — 327,917 Certificates of deposit 391,023 — 396,603 — 396,603 Advance payments by borrowers for taxes and insurance 8,295 — 8,295 — 8,295 Advances from FHLBNY 152,284 152,284 — — 152,284 Accrued interest payable 86 — 86 — 86 December 31, 2019 Financial assets: Cash and cash equivalents $ 27,677 $ 27,677 $ — $ — $ 27,677 Available-for-sale securities 21,504 — 21,504 — 21,504 Loans held for sale 1,030 — — 1,035 1,035 Loans receivable, net 955,737 — — 959,942 959,942 Accrued interest receivable 3,982 — 3,982 — 3,982 FHLBNY stock 5,735 5,735 — — 5,735 Financial liabilities: Deposits: Demand deposits 109,548 109,548 — — 109,548 Interest-bearing deposits 282,997 282,997 — — 282,997 Certificates of deposit 389,498 — 393,254 — 393,254 Advance payments by borrowers for taxes and insurance 6,348 — 6,348 — 6,348 Advances from FHLBNY 104,404 104,404 — — 104,404 Accrued interest payable 97 — 97 — 97 Off-Balance-Sheet Instruments

Regulatory Capital Requirements

Regulatory Capital Requirements	3 Months Ended
	Mar. 31, 2020
Banking And Thrift [Abstract]
Regulatory Capital Requirements	Note 13. Regulatory Capital Requirements The Company and the Bank are subject to various regulatory capital requirements administered by the Federal Reserve Board and the OCC, respectively. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s operations and financial statements. Under the regulatory capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company's assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Company's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation require the maintenance of minimum amounts and ratios (set forth in the table below) of total risk-based and Tier 1 capital to risk-weighted assets (as defined), common equity Tier 1 capital (as defined), and Tier 1 capital to adjusted total assets (as defined) adjusted total assets (as defined). As of March 31, 2020 and December 31, 2019, all applicable capital adequacy requirements have been met. The below minimum capital requirements exclude the capital conservation buffer required to avoid limitations on capital distributions including dividend payments and certain discretionary bonus payments to executive officers. The capital conservation buffer was phased in from 0% for 2015 to 2.5% by 2019. The applicable capital buffer was 9.8% at March 31, 2020 and 10.6% at December 31, 2019. The most recent notification from the OCC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Company and the Bank must maintain minimum total risk-based, common equity risk-based, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the table below. There were no conditions or events since then that have changed the Bank's category. The Company's and the Bank’s actual capital amounts and ratios as of March 31, 2020 and December 31, 2019 as compared to regulatory requirements are as follows: To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio March 31, 2020 PDL Community Bancorp Total Capital to Risk-Weighted Assets $ 165,968 20.16 % $ 65,866 8.00 % $ 82,332 10.00 % Tier 1 Capital to Risk-Weighted Assets 155,634 18.90 % 49,399 6.00 % 65,866 8.00 % Common Equity Tier 1 Capital Ratio 155,634 18.90 % 37,050 4.50 % 53,516 6.50 % Tier 1 Capital to Total Assets 155,634 14.55 % 42,776 4.00 % 53,470 5.00 % Ponce Bank Total Capital to Risk-Weighted Assets $ 146,434 17.84 % $ 65,649 8.00 % $ 82,062 10.00 % Tier 1 Capital to Risk-Weighted Assets 136,133 16.59 % 49,237 6.00 % 65,649 8.00 % Common Equity Tier 1 Capital Ratio 136,133 16.59 % 36,928 4.50 % 53,340 6.50 % Tier 1 Capital to Total Assets 136,133 12.76 % 42,691 4.00 % 53,364 5.00 % Note 13. Regulatory Capital Requirements (Continued) To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio December 31, 2019 PDL Community Bancorp Total Capital to Risk-Weighted Assets $ 168,268 21.35 % $ 63,044 8.00 % $ 78,805 10.00 % Tier 1 Capital to Risk-Weighted Assets 158,382 20.10 % 47,283 6.00 % 63,044 8.00 % Common Equity Tier 1 Capital Ratio 158,382 20.10 % 35,462 4.50 % 51,223 6.50 % Tier 1 Capital to Total Assets 158,382 14.97 % 42,334 4.00 % 52,917 5.00 % Ponce Bank Total Capital to Risk-Weighted Assets $ 146,451 18.62 % $ 62,923 8.00 % $ 78,654 10.00 % Tier 1 Capital to Risk-Weighted Assets 136,584 17.37 % 47,192 6.00 % 62,923 8.00 % Common Equity Tier 1 Capital Ratio 136,584 17.37 % 35,394 4.50 % 51,125 6.50 % Tier 1 Capital to Total Assets 136,584 12.92 % 42,275 4.00 % 52,843 5.00 %

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Accumulated Other Comprehensive Income	Note 14. Accumulated Other Comprehensive Income The components of accumulated other comprehensive income are as follows: March 31, 2020 December 31, 2019 Change March 31, 2020 Unrealized gains on available-for-sale securities, net $ 20 $ 90 $ 110 Total $ 20 $ 90 $ 110 December 31, 2019 December 31, 2018 Change December 31, 2019 Unrealized gains (losses) on available-for-sale securities, net $ (291 ) $ 311 $ 20 Unrealized losses on pension benefits, net (7,844 ) 7,844 — Total $ (8,135 ) $ 8,155 $ 20

Transactions With Related Parti

Transactions With Related Parties	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Transactions With Related Parties	Note 15. Transactions With Related Parties Directors and officers of the Company have been customers of and have had transactions with the Bank, and it is expected that such persons will continue to have such transactions in the future. Aggregate loan transactions with related parties for the three months ended March 31, 2020 and 2019 were as follows: For the Three Months Ended March 31, 2020 2019 Beginning balance $ 1,260 $ 1,278 Originations — — Payments (16 ) (23 ) Ending balance $ 1,244 $ 1,255 The Company held deposits in the amount of $8,523 and $8,302 from officers and directors at March 31, 2020 and December 31, 2019, respectively.

Nature of Business and Summar_2

Nature of Business and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Financial Statement Presentation	Basis of Presentation and Consolidation: The unaudited interim Consolidated Financial Statements of PDL Community Bancorp (the “Company”) presented herein have been prepared pursuant to the rules of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and do not include all of the information and note disclosures required by the U.S. generally accepted accounting principles (“GAAP”). In the opinion of management, all adjustments and disclosures considered necessary for the fair presentation of the accompanying Consolidated Financial Statements have been included. Interim results are not necessarily reflective of the results for the entire year. The accompanying unaudited Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and notes thereto for the year ended December 31, 2019 included in the Company’s annual report on Form 10-K. The unaudited interim Consolidated Financial Statements include the accounts of the Company, its wholly-owned subsidiary Ponce Bank (the “Bank”), and the Bank’s wholly-owned subsidiaries. The Bank’s subsidiaries consist of PFS Service Corp., which owns some of the Bank’s real property, and Ponce De Leon Mortgage Corp., which is a mortgage banking entity. All significant intercompany transactions and balances have been eliminated in consolidation.
Nature of Operations	Nature of Operations: The Bank is a federally chartered stock savings association headquartered in the Bronx, New York. It was originally chartered in 1960 as a federally chartered mutual savings and loan association under the name Ponce De Leon Federal Savings and Loan Association. In 1985, the Bank changed its name to “Ponce De Leon Federal Savings Bank.” In 1997, the Bank changed its name again to “Ponce De Leon Federal Bank.” Upon the completion of its reorganization into a mutual holding company structure, the assets and liabilities of Ponce De Leon Federal Bank were transferred to and assumed by the Bank, a wholly-owned subsidiary of PDL Community Bancorp. The Bank is subjected to comprehensive regulation and examination by the Office of Comptroller of the Currency (the “OCC”). The Bank’s business is conducted through the administrative office and 13 branch banking offices. The banking offices are located in the Bronx (4 branches), Manhattan (2 branches), Queens (3 branches) and Brooklyn (3 branches), New York and Union City (1 branch), New Jersey. The primary market area currently consists of the New York City metropolitan area. The Bank’s business primarily consists of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans, consisting of one-to-four family residential (both investor-owned and owner-occupied), multifamily residential, nonresidential properties and construction and land, and, to a lesser extent, in business and consumer loans. The Bank also invests in securities, which have historically consisted of U.S. government and federal agency securities and securities issued by government-sponsored or owned enterprises, as well as, mortgage-backed securities and Federal Home Loan Bank of New York (the “FHLBNY”) stock. The Bank offers a variety of deposit accounts, including demand, savings, money markets and certificates of deposit accounts.
Risks and Uncertainties	Risks and Uncertainties: The COVID-19 pandemic has created extensive disruptions to the global and U.S. economies and to the lives of individuals throughout the world. The New York City Metropolitan area has and continues to experience the highest levels of the COVID-19 pandemic in the nation. Governments, businesses, and the public are taking unprecedented actions to contain the spread of the COVID-19 pandemic and to mitigate its effects, including quarantines, travel bans, shelter-in-place orders, closures of businesses and schools, fiscal and monetary stimulus, and legislation designed to deliver financial aid and other relief. While the scope, duration, and full effects of the COVID-19 pandemic are rapidly evolving and not fully known, it has had a significantly adverse impact on the functioning of financial markets while increasing economic and market uncertainty, and disrupted trade and supply chains. The potential financial impact is unknown at this time. However, if this pandemic continues for a sustained period of time, it may adversely impact several industries within our geographic footprint and impair the ability of the Company’s customers to fulfill their contractual obligations to the Company. This could cause the Company to experience a material adverse effect on our business operations, loan portfolio, financial condition, and results of operations.
Use of Estimates	Use of Estimates
Interim Financial Statements	Interim Financial Statements
Significant Group Concentrations of Credit Risk	Significant Group Concentrations of Credit Risk
Cash and Cash Equivalents	Cash and Cash Equivalents
Securities	Securities Debt securities that management has the positive intent and ability to hold to maturity, if any, are classified as "held-to-maturity" and recorded at amortized cost. Trading securities, if any, are carried at fair value, with unrealized gains and losses recognized in earnings. Securities not classified as held-to-maturity or trading, are classified as "available-for-sale" and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income, net of tax. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: (1) OTTI related to credit loss, which must be recognized in the consolidated statement of income and (2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the discounted present value of the cash flows expected to be collected and the amortized cost basis. For equity securities, the entire amount of impairment is recognized through earnings. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific-identification method. The sale of a held-to-maturity security within three months of its maturity date or after collection of at least 85% of the principal outstanding at the time the security was acquired is considered a maturity for purposes of classification and disclosure.
Federal Home Loan Bank of New York Stock	Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Federal Home Loan Bank of New York Stock
Loans Receivable	Loans Receivable Interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the effective interest yield method without anticipating prepayments. A loan is moved to nonaccrual status in accordance with the Bank’s policy typically after 90 days of non-payment. The accrual of interest on mortgage and commercial loans is generally discontinued at the time the loan becomes 90 days past due unless the loan is well-secured and in process of collection. Consumer loans are typically charged-off no later than 120 days past due. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual status or charged-off if collection of principal or interest is considered doubtful. All nonaccrual loans are considered impaired loans. All interest accrued but not received for loans placed on nonaccrual are reversed against interest income. Interest received on such loans is accounted for on the cash basis or recorded against principal balances, until qualifying for return to accrual. Cash basis interest recognition is only applied on nonaccrual loans with a sufficient collateral margin to ensure no doubt with respect to the collectability of principal. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and remain current for a period of time (typically six months) and future payments are reasonably assured.
Allowance for Loan Losses	Allowance for Loan Losses The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired when, based on current information and events, it is probable that the Bank will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and classified as impaired. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impaired loans are measured for impairment using the fair value of the collateral, present value of cash flows, or the observable market price of the note. Impairment measurement for all collateral dependent loans, excluding accruing troubled debt restructurings, is based on the fair value of collateral, less costs to sell, if necessary. A loan is considered collateral dependent if repayment of the loan is expected to be provided solely by the sale or the operation of the underlying collateral. Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) When a loan is modified to a troubled debt restructuring, management evaluates the loan for any possible impairment using either the discounted cash flows method, where the value of the modified loan is based on the present value of expected cash flows, discounted at the contractual interest rate of the original loan agreement, or by using the fair value of the collateral less selling costs, if repayment under the modified terms becomes doubtful. The general component covers non‑impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced over a rolling 12 quarter average period. This actual loss experience is supplemented with other economic factors based on the risks present for each portfolio segment. These economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; levels of and trends in charge-offs and recoveries; trends in volume and terms of loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedures, and practices; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations. When establishing the allowance for loan losses, management categorizes loans into risk categories reflecting individual borrower earnings, liquidity, leverage and cash flow, as well as the nature of underlying collateral. These risk categories and relevant risk characteristics are as follows:
Residential and Multifamily Mortgage Loans	Residential and Multifamily Mortgage Loans
Nonresidential Mortgage Loans	Nonresidential Mortgage Loans
Construction and Land Loans	Construction and Land Loans
Business Loans	Business Loans
Consumer Loans	Consumer Loans
Loans Held for Sale	Loans Held for Sale .
Transfers of Financial Assets	Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) COVID-19 Pandemic and the CARES Act Under the CARES Act and related Interagency Statement, the Bank can temporarily suspend its delinquency and nonperforming treatment for certain loans that have been granted a payment accommodation that facilitates borrowers' ability to work through the immediate impact of the pandemic. Borrowers who were current prior to becoming affected by the COVID-19 pandemic, then receive payment accommodations as a result of the effects of the COVID-19 pandemic and if all payments are current in accordance with the revised terms of the loan, generally would not be reported as past due. The Bank has chosen to utilize this part of the CARES Act as it relates to delinquencies and nonperforming loans and will not report these loans as past due. Under Section 4013 of the CARES Act, modifications of loan terms do not automatically result in TDRs and the Bank generally does not need to categorize the COVID-19 pandemic-related modifications as TDRs. The Bank may elect not to categorize loan modifications as TDRs if they are (1) related to the COVID-19 pandemic; (2) executed on a loan that was not more than 30 days past due as of December 31, 2019; and (3) executed between March 1, 2020, and the earlier of (A) 60 days after the date of termination of the National Emergency or (B) December 31, 2020. For all other loan modifications, the federal banking agencies have confirmed with staff of the Financial Accounting Standards Board ("FASB") that short-term modifications made on a good faith basis in response to the COVID-19 pandemic to borrowers who were current prior to any relief, are not TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. Financial institutions accounting for eligible loans under section 4013 are not required to apply ASC Subtopic 310-40 to the section 4013 loans for the term of the loan modification. Financial institutions do not have to report section 4013 loans as TDRs in regulatory reports, including this Form 10-Q. The Bank has chosen to utilize this section of the CARES Act and will not report the COVID-19 pandemic related modifications as TDRs. Under the CARES Act and related Interagency Statement, in regard to loans not otherwise reportable as past due, financial institutions are not expected to designate loans with deferrals granted due to the COVID-19 pandemic as past due because of the deferral. A loan's payment date is governed by the due date stipulated in the legal agreement. If a financial institution agrees to a payment deferral, this may result in no contractual payments being past due, and these loans are not considered past due during the period of the deferral. Each financial institution should refer to the applicable regulatory reporting instructions, as well as its internal accounting policies, to determine if loans to distressed borrowers should be reported as nonaccrual assets in regulatory reports. However, during the short-term arrangements, these loans generally should not be reported as nonaccrual. The Bank has elected to follow this guidance of the CARES Act and will report loans that have been granted payment deferrals as current so long as they were current at the time the deferral was granted. Transfers of Financial Assets
Premises and Equipment	Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Premises and Equipment Depreciation is computed and charged to operations using the straight-line method over the estimated useful lives of the respective assets as follows: Years Buildings 39 Building improvements 15 - 39 Furniture, fixtures, and equipment 3 - 10 Leasehold improvements are amortized over the shorter of the improvements’ estimated economic lives or the related lease terms, including extensions expected to be exercised. Gains and losses on dispositions are recognized upon realization. Maintenance and repairs are expensed as incurred and improvements are capitalized. Leasehold improvements in process are not amortized until the assets are placed in operation.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets
Other Real Estate Owned	Other Real Estate Owned
Income Taxes	Income Taxes When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the consolidated financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more likely than not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits, if any, would be classified as additional provision for income taxes in the consolidated statements of income.
Related Party Transactions	Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Related Party Transactions
Employee Benefit Plans	Employee Benefit Plans:
Employee Stock Ownership Plan	Employee Stock Ownership Plan:
Stock Options	Stock Options:
Restricted Stock Units	Restricted Stock Units: The Company recognizes compensation cost related to restricted stock units based on the market price of the stock units at the grant date over the vesting period. The product of the number of units granted and the grant date market price of the Company’s common stock determines the fair value of restricted stock units. The Company recognizes compensation expense for the fair value of the restricted stock units on a straight-line basis over the requisite service period.
Comprehensive Income	Comprehensive Income:
Loss Contingencies	Loss Contingencies
Fair Value of Financial Instruments	Fair Value of Financial Instruments
Segment Reporting	Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Segment Reporting
Loan Commitments and Related Financial Instruments	Loan Commitments and Related Financial Instruments
Earnings Per Share ("EPS")	Earnings (Loss) Per Share (“EPS”)
Treasury Stock	Treasury Stock
Recent Accounting Pronouncements	Recent Accounting Pronouncements: As an emerging growth company (“EGC”) as defined in Rule 12b-2 of the Exchange Act, the Company has elected to use the extended transition period to delay the adoption of new or reissued accounting pronouncements applicable to public business entities until such pronouncements are made applicable to nonpublic business entities. As of March 31, 2020, there is no significant difference in the comparability of the consolidated financial statements as a result of this extended transition period with the exception of ASU 2016-13, which has not been implemented yet as discussed below. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” The Company has begun its evaluation of the amended guidance including the potential impact on its consolidated financial statements. To date, the Company has identified its leased office spaces as within the scope of the guidance. The Company currently leases seven leased branches and the new guidance will result in the establishment of a right to use asset and corresponding lease obligations. The Company continues to evaluate the impact of the guidance, including determining whether other contracts exist that are deemed to be in scope and subsequent related accounting standard updates. The Company has established a project committee and has initiated training on ASU 2016-02. The Company is performing preliminary computations of its right to use asset and corresponding lease obligations for the operating leases of its seven leased branches. Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) In June 2016, the FASB issued ASU 2016-13, “ Measurement of Credit Losses on Financial Instruments.” Although early adoption is permitted, the Company does not expect to elect that option. The Company has begun its evaluation of the amended guidance including the potential impact on its consolidated financial statements. As a result of the required change in approach toward determining estimated credit losses from the current “incurred loss” model to one based on estimated cash flows over a loan’s contractual life, adjusted for prepayments (a “life of loan” model), the Company expects that the new guidance will result in an increase in the allowance for loan losses, particularly for longer duration loan portfolios. The Company also expects that the new guidance may result in an allowance for available-for-sale debt securities. The Company has selected the CECL model and has begun running scenarios. In both cases, the extent of the change is indeterminable at this time as it will be dependent upon portfolio composition and credit quality at the adoption date, as well as economic conditions and forecasts at that time. In March 2017, the FASB issued ASU 2017-08 “Receivables – Non-Refundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities.” In August 2018, the FASB issued ASU 2018-13, “ Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement In December 2019, the FASB issued ASU 2019-12 “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes.” The objective of this update is to simplify the accounting for income taxes by removing certain exceptions to the general principles and improve consistent application and simplify other areas of Topic 740. The amendments in this update are effective for annual periods beginning after December 15, 2020, and interim periods within those fiscal years. The Bank does not believe this update will have a material impact on its financial statements.

Nature of Business and Summar_3

Nature of Business and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Estimated Useful Lives of Assets	Depreciation is computed and charged to operations using the straight-line method over the estimated useful lives of the respective assets as follows: Years Buildings 39 Building improvements 15 - 39 Furniture, fixtures, and equipment 3 - 10

Available-for-Sale Securities (

Available-for-Sale Securities (Tables)	3 Months Ended
	Mar. 31, 2020
Investments Debt And Equity Securities [Abstract]
Amortized Cost and Fair Value of Available-for-Sale Securities	The amortized cost and fair value of available-for-sale securities at March 31, 2020 and December 31, 2019 are summarized as follows: March 31, 2020 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value U.S. Government and Federal Agencies $ 5,498 $ 9 $ — $ 5,507 Corporate Bonds 8,638 40 — 8,678 Mortgage-Backed Securities: FNMA Certificates 4,490 37 — 4,527 GNMA Certificates 424 4 — 428 Total $ 19,050 $ 90 $ — $ 19,140 December 31, 2019 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value U.S. Government and Federal Agencies $ 16,373 $ — $ (19 ) $ 16,354 Mortgage-Backed Securities: FNMA Certificates 4,680 — (21 ) 4,659 GNMA Certificates 482 9 — 491 Total $ 21,535 $ 9 $ (40 ) $ 21,504
Company's Securities' Gross Unrealized Losses and Fair Values, Aggregated by Length of Time Individual Securities Have Been in a Continuous Unrealized Loss Position	The following table present the Company's securities gross unrealized losses and fair values, aggregated by the length of time the individual securities have been in a continuous unrealized loss position, at December 31, 2019: December 31, 2019 Securities With Gross Unrealized Losses Less Than 12 Months 12 Months or More Total Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses U.S. Government and Federal Agencies $ — $ — $ 16,354 $ (19 ) $ 16,354 $ (19 ) Mortgage-Backed FNMA Certificates — — 4,659 (21 ) 4,659 (21 ) Total $ — $ — $ 21,013 $ (40 ) $ 21,013 $ (40 )
Summary of Maturities of Securities	The following is a summary of maturities of securities at March 31, 2020 and December 31, 2019. Amounts are shown by contractual maturity. Because borrowers for mortgage-backed securities have the right to prepay obligations with or without prepayment penalties, at any time, these securities are included as a total within the table. March 31, 2020 Available-for-Sale Amortized Fair Cost Value U.S. Government and Federal Agency Securities: Amounts maturing: Three months or less $ 1,999 $ 2,003 After three months through one year 3,499 3,504 After one year through five years — — 5,498 5,507 Corporate Bonds 8,638 8,678 Mortgage-Backed Securities 4,914 4,955 Total $ 19,050 $ 19,140 December 31, 2019 Available-for-Sale Amortized Fair Cost Value U.S. Government and Federal Agency Securities: Amounts maturing: Three months or less $ 2,000 $ 2,000 After three months through one year 14,373 14,354 After one year through five years — — 16,373 16,354 Mortgage-Backed Securities 5,162 5,150 Total $ 21,535 $ 21,504

Loans Receivable and Allowanc_2

Loans Receivable and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Summary of Loans	Loans at March 31, 2020 and December 31, 2019 are summarized as follows: March 31, December 31, 2020 2019 Mortgage loans: 1-4 Family residential Investor-Owned $ 308,206 $ 305,272 Owner-Occupied 93,887 91,943 Multifamily residential 259,326 250,239 Nonresidential properties 210,225 207,225 Construction and land 100,202 99,309 Nonmortgage loans: Business loans 11,183 10,877 Consumer loans 1,288 1,231 984,317 966,096 Net deferred loan origination costs 2,146 1,970 Allowance for loan losses (13,484 ) (12,329 ) Loans receivable, net $ 972,979 $ 955,737
Schedule of Credit Risk Ratings by Loan Segment	The following tables present credit risk ratings by loan segment as of March 31, 2020 and December 31, 2019: March 31, 2020 Mortgage Loans Nonmortgage Loans Construction Total 1-4 Family Multifamily Nonresidential and Land Business Consumer Loans Risk Rating: Pass $ 391,745 $ 258,579 $ 204,280 $ 77,232 $ 11,183 $ 1,288 $ 944,307 Special mention 2,371 — — 15,720 — — 18,091 Substandard 7,977 747 5,945 7,250 — — 21,919 Total $ 402,093 $ 259,326 $ 210,225 $ 100,202 $ 11,183 $ 1,288 $ 984,317 December 31, 2019 Mortgage Loans Nonmortgage Loans Construction Total 1-4 Family Multifamily Nonresidential and Land Business Consumer Loans Risk Rating: Pass $ 386,022 $ 249,066 $ 202,761 $ 75,997 $ 10,877 $ 1,231 $ 925,954 Special mention 2,412 — — 14,943 — — 17,355 Substandard 8,781 1,173 4,464 8,369 — — 22,787 Total $ 397,215 $ 250,239 $ 207,225 $ 99,309 $ 10,877 $ 1,231 $ 966,096
Schedule of Aging Analysis of Loans	An aging analysis of loans, as of March 31, 2020 and December 31, 2019, is as follows: March 31, 2020 30-59 60-89 90 Days 90 Days Days Days or More Nonaccrual or More Current (1) Past Due Past Due Past Due Total Loans Accruing Mortgage loans: 1-4 Family residential Investor-Owned $ 302,899 $ 4,225 $ — $ 1,082 $ 308,206 $ 1,541 $ — Owner-Occupied 91,189 1,011 — 1,687 93,887 3,260 — Multifamily residential 258,177 1,149 — — 259,326 — — Nonresidential properties 205,340 1,152 — 3,733 210,225 3,844 — Construction and land 100,202 — — — 100,202 — — Nonmortgage loans: Business 11,183 — — — 11,183 — — Consumer 1,288 — — — 1,288 — — Total $ 970,278 $ 7,537 $ — $ 6,502 $ 984,317 $ 8,645 $ — (1) As of March 31, 2020, the Company had $18,697 of loans eligible for deferral of payments under Section 4013 of the CARES Act that are presented as current in the aging analysis of loans. December 31, 2019 30-59 60-89 90 Days 90 Days Days Days or More Nonaccrual or More Current Past Due Past Due Past Due Total Loans Accruing Mortgage loans: 1-4 Family residential Investor-Owned $ 300,324 $ 3,866 $ — $ 1,082 $ 305,272 $ 1,749 $ — Owner-Occupied 87,243 3,405 — 1,295 91,943 3,500 — Multifamily residential 246,318 3,921 — — 250,239 — — Nonresidential properties 203,514 3 — 3,708 207,225 4,201 — Construction and land 99,309 — — — 99,309 1,118 — Nonmortgage loans: Business 10,877 — — — 10,877 — — Consumer 1,231 — — — 1,231 — — Total $ 948,816 $ 11,195 $ — $ 6,085 $ 966,096 $ 10,568 $ —
Schedule of Composition of Allowance for Loan Losses and Related Recorded Investment	The following schedules detail the composition of the allowance for loan losses and the related recorded investment in loans as of March 31, 2020 and 2019, and December 31, 2019: For the Three Months Ended March 31, 2020 Mortgage Loans Nonmortgage Loans Total 1-4 Family Investor Owned 1-4 Family Owner Occupied Multifamily Nonresidential Construction and Land Business Consumer For the Period Allowance for loan losses: Balance, beginning of period $ 3,503 $ 1,067 $ 3,865 $ 1,849 $ 1,782 $ 254 $ 9 $ 12,329 Provision charged to expense 234 120 398 291 123 (22 ) 2 1,146 Losses charged-off — — — — — — — Recoveries — — — 2 — 7 — 9 Balance, end of period $ 3,737 $ 1,187 $ 4,263 $ 2,142 $ 1,905 $ 239 $ 11 $ 13,484 Ending balance: individually evaluated for impairment $ 113 $ 145 $ — $ 31 $ — $ — $ — $ 289 Ending balance: collectively evaluated for impairment 3,624 1,042 4,263 2,111 1,905 239 11 13,195 Total $ 3,737 $ 1,187 $ 4,263 $ 2,142 $ 1,905 $ 239 $ 11 $ 13,484 Loans: Ending balance: individually evaluated for impairment $ 5,303 $ 5,613 $ — $ 5,182 $ — $ — $ — $ 16,098 Ending balance: collectively evaluated for impairment 302,903 88,274 259,326 205,043 100,202 11,183 1,288 968,219 Total $ 308,206 $ 93,887 $ 259,326 $ 210,225 $ 100,202 $ 11,183 $ 1,288 $ 984,317 Note 4. Loans Receivable and Allowance for Loan Losses (Continued) For the Three Months Ended March 31, 2019 Mortgage Loans Nonmortgage Loans Total 1-4 Family Investor Owned 1-4 Family Owner Occupied Multifamily Nonresidential Construction and Land Business Consumer For the Period Allowance for loan losses: Balance, beginning of period $ 3,799 $ 1,208 $ 3,829 $ 1,925 $ 1,631 $ 260 $ 7 $ 12,659 Provision charged to expense (248 ) (40 ) (116 ) (2 ) (98 ) 651 2 149 Losses charged-off — — — — — (377 ) — (377 ) Recoveries — — — 2 — 15 1 18 Balance, end of period $ 3,551 $ 1,168 $ 3,713 $ 1,925 $ 1,533 $ 549 $ 10 $ 12,449 Ending balance: individually evaluated for impairment $ 344 $ 214 $ — $ 125 $ — $ 275 $ 4 $ 962 Ending balance: collectively evaluated for impairment 3,207 954 3,713 1,800 1,533 274 6 11,487 Total $ 3,551 $ 1,168 $ 3,713 $ 1,925 $ 1,533 $ 549 $ 10 $ 12,449 Loans: Ending balance: individually evaluated for impairment $ 7,464 $ 6,321 $ 13 $ 2,570 $ 1,341 $ 315 $ 4 $ 18,028 Ending balance: collectively evaluated for impairment 297,186 89,128 234,736 197,333 83,503 14,786 1,121 917,793 Total $ 304,650 $ 95,449 $ 234,749 $ 199,903 $ 84,844 $ 15,101 $ 1,125 $ 935,821 Note 4. Loans Receivable and Allowance for Loan Losses (Continued) For the Year Ended December 31, 2019 Mortgage Loans Nonmortgage Loans Total 1-4 Family Investor Owned 1-4 Family Owner Occupied Multifamily Nonresidential Construction and Land Business Consumer For the Period Allowance for loan losses: Balance, beginning of year $ 3,799 $ 1,208 $ 3,829 $ 1,925 $ 1,631 $ 260 $ 7 $ 12,659 Provision charged to expense (311 ) (141 ) 36 (85 ) 151 608 — 258 Losses charged-off (8 ) — — — — (724 ) — (732 ) Recoveries 23 — — 9 — 110 2 144 Balance, end of year $ 3,503 $ 1,067 $ 3,865 $ 1,849 $ 1,782 $ 254 $ 9 $ 12,329 Ending balance: individually evaluated for impairment $ 265 $ 149 $ — $ 31 $ — $ 14 $ — $ 459 Ending balance: collectively evaluated for impairment 3,238 918 3,865 1,818 1,782 240 9 11,870 Total $ 3,503 $ 1,067 $ 3,865 $ 1,849 $ 1,782 $ 254 $ 9 $ 12,329 Loans: Ending balance: individually evaluated for impairment $ 6,973 $ 5,572 $ — $ 5,548 $ 1,125 $ 14 $ — $ 19,232 Ending balance: collectively evaluated for impairment 298,299 86,371 250,239 201,677 98,184 10,863 1,231 946,864 Total $ 305,272 $ 91,943 $ 250,239 $ 207,225 $ 99,309 $ 10,877 $ 1,231 $ 966,096
Schedule of Information Relates to Impaired Loans	The following information relates to impaired loans as of and for the three months ended March 31, 2020 and 2019 and for the year ended December 31, 2019: Unpaid Contractual Recorded Investment Recorded Investment Total Average Interest Income Principal With No With Recorded Related Recorded Recognized For the Three Months Ended March 31, 2020 Balance Allowance Allowance Investment Allowance Investment on a Cash Basis Mortgage loans: 1-4 Family residential $ 11,859 $ 8,454 $ 2,462 $ 10,916 $ 258 $ 12,568 $ 57 Multifamily residential — — — — — 6 — Nonresidential properties 5,245 4,810 372 5,182 31 4,419 9 Construction and land — — — — — 1,035 — Nonmortgage loans: Business — — — — — 129 — Consumer — — — — — 1 — Total $ 17,104 $ 13,264 $ 2,834 $ 16,098 $ 289 $ 18,158 $ 66 Unpaid Contractual Recorded Investment Recorded Investment Total Average Interest Income Principal With No With Recorded Related Recorded Recognized For the Three Months Ended March 31, 2019 Balance Allowance Allowance Investment Allowance Investment on a Cash Basis Mortgage loans: 1-4 Family residential $ 14,901 $ 7,944 $ 5,841 $ 13,785 $ 558 $ 14,217 $ 191 Multifamily residential 13 13 — 13 — 6 — Nonresidential properties 2,766 2,094 476 2,570 125 2,698 37 Construction and land 1,615 1,341 — 1,341 — 1,153 1 Nonmortgage loans: Business 696 40 275 315 275 399 — Consumer 4 — 4 4 4 1 — Total $ 19,995 $ 11,432 $ 6,596 $ 18,028 $ 962 $ 18,474 $ 229 Unpaid Contractual Recorded Investment Recorded Investment Total Average Interest Income Principal With No With Recorded Related Recorded Recognized December 31, 2019 Balance Allowance Allowance Investment Allowance Investment on a Cash Basis Mortgage loans: 1-4 Family residential $ 13,566 $ 8,390 $ 4,155 $ 12,545 $ 414 $ 12,995 $ 361 Multifamily residential — — — — — 6 — Nonresidential properties 5,640 5,173 375 5,548 31 3,988 121 Construction and land 1,465 1,125 — 1,125 — 1,219 6 Nonmortgage loans: Business 16 — 14 14 14 195 — Consumer — — — — — 1 — Total $ 20,687 $ 14,688 $ 4,544 $ 19,232 $ 459 $ 18,404 $ 488
Schedule of Troubled Debt Restructuring	During the three months ended March 31, 2020, there was no troubled debt restructuring and as of and for the year ended December 31, 2019, there was one loans restructured as troubled debt restructuring. Loans Restructured During All TDRs with a payment default within 12 months following the Three Months Ended March 31, 2020 modification Pre- Post- Balance Modification Modification of Loans Number Recorded Recorded Number at the Time of Loans Balance Balance of Loans of Default Mortgages: 1-4 Family — $ — $ — — $ — Total — $ — $ — — $ — Combination of rate, maturity, other — $ — $ — — $ — Total — $ — $ — — $ — Loans Restructured During All TDRs with a payment default within 12 months following the Year Ended December 31, 2019 modification Pre- Post- Balance Modification Modification of Loans Number Recorded Recorded Number at the Time of Loans Balance Balance of Loans of Default Mortgages: 1-4 Family 1 $ 275 $ 283 — $ — Total 1 $ 275 $ 283 — $ — Combination of rate, maturity, other 1 $ 275 $ 283 — $ — Total 1 $ 275 $ 283 — $ —

Premises and Equipment (Tables)

Premises and Equipment (Tables)	3 Months Ended
	Mar. 31, 2020
Property Plant And Equipment [Abstract]
Summary of Premises and Equipment	Premises and equipment at March 31, 2020 and December 31, 2019 are summarized as follows: March 31, December 31, 2020 2019 Land $ 3,979 $ 3,979 Buildings and improvements 17,423 17,350 Leasehold improvements 25,559 25,534 Furniture, fixtures and equipment 8,751 8,513 55,712 55,376 Less: accumulated depreciation and amortization (23,232 ) (22,630 ) Total premises and equipment $ 32,480 $ 32,746

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2020
Banking And Thrift [Abstract]
Summarized Deposits	Deposits at March 31, 2020 and December 31, 2019 are summarized as follows: March 31, December 31, 2020 2019 Demand $ 110,801 $ 109,548 Interest-bearing deposits: NOW/IOLA accounts 31,586 32,866 Money market accounts 121,629 86,721 Reciprocal deposits (1) 62,384 47,659 Savings accounts 112,318 115,751 Total NOW, money market, reciprocal and savings 327,917 282,997 Certificates of deposit of $250K or more 81,486 84,263 Brokered certificates of deposits (2) 51,661 76,797 Listing service deposits (2) 55,842 32,400 Certificates of deposit less than $250K 202,034 196,038 Total certificates of deposit 391,023 389,498 Total interest-bearing deposits 718,940 672,495 Total deposits $ 829,741 $ 782,043
Scheduled Maturities of Certificates of Deposit	Note 6. Deposits (Continued) At March 31, 2020 scheduled maturities of certificates of deposit were as follows: March 31, 2021 $ 221,316 2022 90,094 2023 50,154 2024 20,016 2025 9,443 $ 391,023

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Borrowed Funds FHLBNY and Correspondent Bank Advances Maturity and Call Date	Borrowed funds at March 31, 2020 and December 31, 2019 consist of the following and are summarized by maturity and call date below: March 31, December 31, 2020 2019 Scheduled Maturity Redeemable at Call Date Weighted Average Rate Scheduled Maturity Redeemable at Call Date Weighted Average Rate Correspondent Bank Overnight line of credit advance $ — $ — — % $ — $ — — FHLBNY Term advances ending: 2020 43,029 43,029 0.86 8,029 8,029 2.86 2021 3,000 3,000 1.84 3,000 3,000 1.84 2022 77,880 77,880 1.73 65,000 65,000 1.89 2023 28,375 28,375 2.82 28,375 28,375 2.82 $ 152,284 $ 152,284 1.69 % $ 104,404 $ 104,404 2.21 %

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The provision (benefit) for income taxes for the three months ended March 31, 2020 and 2019 consist of the following: For the Three Months Ended March 31, 2020 2019 Federal: Current $ 158 $ 274 Deferred (276 ) 8 (118 ) 282 State and local: Current 58 101 Deferred (690 ) (289 ) (632 ) (188 ) Valuation allowance 541 213 Provision (benefit) for income taxes $ (209 ) $ 307
Schedule of Reconciliation of Differences Between Federal Income Tax Rate and Total Income Tax Expense	Total income tax expense differed from the amounts computed by applying the U.S. federal income tax rate of 21% for the three months ended March 31, 2020 and 2019 respectively, to income before income taxes as a result of the following: For the Three Months Ended March 31, 2020 2019 Income tax, at federal rate $ (299 ) $ 205 State and local tax, net of federal taxes (500 ) (150 ) Valuation allowance, net of the federal benefit 541 213 Other 49 39 $ (209 ) $ 307
Schedule of Significant Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at March 31, 2020 and December 31, 2019 are presented below: March 31, December 31, 2020 2019 Deferred tax assets: Allowance for loan losses $ 4,364 $ 3,990 Interest on nonaccrual loans 449 338 Unrealized loss on available-for-sale securities (18 ) 7 Amortization of intangible assets 83 88 Deferred rent payable 104 — Depreciation of premises and equipment 30 30 Net operating losses 4,576 4,258 Charitable contribution carryforward 1,612 1,675 Compensation and benefits 324 182 Other 103 130 Total gross deferred tax assets 11,627 10,698 Deferred tax liabilities: Cumulative contribution in excess of net periodic benefit costs, net — 85 Deferred loan fees 695 638 Other 7 7 Total gross deferred tax liabilities 702 730 Valuation allowance 6,785 6,244 Net deferred tax assets $ 4,140 $ 3,724

Compensation and Benefit Plans

Compensation and Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2020
Compensation And Retirement Disclosure [Abstract]
Summary of ESOP Shares	A summary of the ESOP shares as of March 31, 2020 and December 31, 2019 are as follows: March 31, 2020 December 31, 2019 Shares committed-to-be released 12,063 48,250 Shares to be allocated to participants 144,750 96,500 Unallocated shares 566,938 579,001 Total 723,751 723,751 Fair value of unearned shares $ 5,822 $ 8,511
Schedule of Restricted Stock Units Awards Activity and Related Information	A summary of the Company’s restricted stock units awards activity and related information for the three months ended March 31, 2020 and year ended December 31, 2019 are as follows: March 31, 2020 Number of Shares Weighted- Average Grant Date Fair Value Per Share Non-vested, beginning of year 420,744 $ 12.78 Granted — — Forfeited — — Vested — — Non-vested at March 31 420,744 $ 12.78 December 31, 2019 Number of Shares Weighted- Average Grant Date Fair Value Per Share Non-vested, beginning of year 510,879 $ 12.77 Granted 29,725 12.93 Forfeited (29,725 ) 12.77 Vested (90,135 ) 12.77 Non-vested at December 31 420,744 $ 12.78
Schedule of Stock Option Awards Activity and Related Information	A summary of the Company’s stock option awards activity and related information for the three months ended March 31, 2020 and year ended December 31, 2019 are as follows: March 31, 2020 Options Weighted- Average Exercise Price Per Share Outstanding, beginning of year 163,766 $ 12.78 Granted — — Exercised — — Forfeited — — Outstanding at March 31 (1) 163,766 $ 12.78 Exercisable at March 31 (1) 24,788 $ 12.77 December 31, 2019 Options Weighted- Average Exercise Price Per Share Outstanding, beginning of year 163,766 $ 12.77 Granted 8,918 12.93 Exercised — — Forfeited (8,918 ) 12.77 Outstanding at December 31 (1) 163,766 $ 12.78 Exercisable at December 31 (1) 24,788 $ 12.77 (1) The aggregate intrinsic value, which represents the difference between the price of the Company’s common stock at respective periods and the stated exercise price of the underlying options, was $0 and $315 for outstanding options and $0 and $48 for exercisable options at March 31, 2020 and December 31, 2019, respectively.
Schedule of Fair Value of Option Grant Using Black-Scholes Option Pricing Model With Weighted Average Assumptions	The fair value of each option grant is estimated on the date of grant using Black-Scholes option pricing model with the following weighted average assumptions: For the Three Months Ended March 31, 2020 2019 Dividend yield 0.00 % 0.00 % Expected life 6.5 years 6.5 years Expected volatility 16.94 % 16.94 % Risk-free interest rate 2.51 % 2.51 % Weighted average grant date fair value $4.01 $4.01

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Schedule of Reconciliation of Number of Shares Used in Calculation of Basic and Diluted Earnings (Loss) Per Common Share	The following table presents a reconciliation of the number of shares used in the calculation of basic and diluted earnings (loss) per common share: For the Three Months Ended March 31, 2020 2019 (Dollars in thousands except share data) Net income (loss) $ (1,213 ) $ 668 Common shares outstanding for basic EPS: Weighted average common shares outstanding 17,379,406 18,462,412 Less: Weighted average unallocated Employee Stock Ownership Plan (ESOP) shares 578,868 627,117 Basic weighted average common shares outstanding 16,800,538 17,835,295 Basic earnings (loss) per common share $ (0.07 ) $ 0.04 Dilutive potential common shares: Add: Dilutive effect of restricted stock awards and stock options — 29,032 Diluted weighted average common shares outstanding 16,800,538 17,864,327 Diluted earnings (loss) per common share $ (0.07 ) $ 0.04

Commitments, Contingencies an_2

Commitments, Contingencies and Credit Risk (Tables)	3 Months Ended
	Mar. 31, 2020
Commitments And Contingencies Disclosure [Abstract]
Financial Instruments Whose Contractual Amounts Represent Credit Risk	Financial instruments whose contractual amounts represent credit risk at March 31, 2020 and December 31, 2019 are as follows: March 31, December 31, 2020 2019 Commitments to grant mortgage loans $ 51,832 $ 64,829 Unfunded commitments under lines of credit 28,850 27,833 Standby letters of credit 3,355 3,455 $ 84,037 $ 96,117
Projected Minimum Rental Payments under Terms of Leases	The projected minimum rental payments under the terms of the leases at March 31, 2020 are as follows: March 31, Remainder of 2020 $ 1,008 2021 1,380 2022 1,290 2023 1,277 2024 1,311 2025 1,280 Thereafter 4,566 $ 12,112

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Assets Measured at Fair Value on Recurring Basis	The following tables detail the assets that are carried at fair value and measured at fair value on a recurring basis as of March 31, 2020 and December 31, 2019, and indicate the level within the fair value hierarchy utilized to determine the fair value: March 31, 2020 Description Total Level 1 Level 2 Level 3 Available-for-Sale Securities: U.S. government and federal agencies $ 5,507 $ — $ 5,507 $ — Corporate bonds 8,678 — 8,678 — Mortgage-Backed Securities: FNMA Certificates 4,527 — 4,527 — GNMA Certificates 428 — 428 — $ 19,140 $ — $ 19,140 $ — December 31, 2019 Description Total Level 1 Level 2 Level 3 Available-for-Sale Securities: U.S. government and federal agencies $ 16,354 $ — $ 16,354 $ — Mortgage-Backed Securities: FNMA Certificates 4,659 — 4,659 — GNMA Certificates 491 — 491 — $ 21,504 $ — $ 21,504 $ —
Assets Measured at Fair Value on Nonrecurring Basis	The following tables detail the assets carried at fair value and measured at fair value on a nonrecurring basis as of March 31, 2020 and December 31, 2019 and indicate the fair value hierarchy utilized to determine the fair value: March 31, 2020 Total Level 1 Level 2 Level 3 Impaired loans $ 16,098 $ — $ — $ 16,098 December 31, 2019 Total Level 1 Level 2 Level 3 Impaired loans $ 19,232 $ — $ — $ 19,232
Estimated Fair Values of Financial Instruments	As of March 31, 2020 and December 31, 2019, the book balances and estimated fair values of the Company's financial instruments were as follows: Carrying Fair Value Measurements Amount Level 1 Level 2 Level 3 Total March 31, 2020 Financial assets: Cash and cash equivalents $ 103,960 $ 103,960 $ — $ — $ 103,960 Available-for-sale securities 19,140 — 19,140 — 19,140 Loans held for sale 1,030 — — 1,047 1,047 Loans receivable, net 972,979 — — 988,936 988,936 Accrued interest receivable 4,198 — 4,198 — 4,198 FHLBNY stock 7,889 7,889 — — 7,889 Financial liabilities: Deposits: Demand deposits 110,801 110,801 — — 110,801 Interest-bearing deposits 327,917 327,917 — — 327,917 Certificates of deposit 391,023 — 396,603 — 396,603 Advance payments by borrowers for taxes and insurance 8,295 — 8,295 — 8,295 Advances from FHLBNY 152,284 152,284 — — 152,284 Accrued interest payable 86 — 86 — 86 December 31, 2019 Financial assets: Cash and cash equivalents $ 27,677 $ 27,677 $ — $ — $ 27,677 Available-for-sale securities 21,504 — 21,504 — 21,504 Loans held for sale 1,030 — — 1,035 1,035 Loans receivable, net 955,737 — — 959,942 959,942 Accrued interest receivable 3,982 — 3,982 — 3,982 FHLBNY stock 5,735 5,735 — — 5,735 Financial liabilities: Deposits: Demand deposits 109,548 109,548 — — 109,548 Interest-bearing deposits 282,997 282,997 — — 282,997 Certificates of deposit 389,498 — 393,254 — 393,254 Advance payments by borrowers for taxes and insurance 6,348 — 6,348 — 6,348 Advances from FHLBNY 104,404 104,404 — — 104,404 Accrued interest payable 97 — 97 — 97

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	3 Months Ended
	Mar. 31, 2020
Banking And Thrift [Abstract]
Summary of Bank's Actual Capital Amounts and Ratios As Compared to Regulatory Requirements	The Company's and the Bank’s actual capital amounts and ratios as of March 31, 2020 and December 31, 2019 as compared to regulatory requirements are as follows: To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio March 31, 2020 PDL Community Bancorp Total Capital to Risk-Weighted Assets $ 165,968 20.16 % $ 65,866 8.00 % $ 82,332 10.00 % Tier 1 Capital to Risk-Weighted Assets 155,634 18.90 % 49,399 6.00 % 65,866 8.00 % Common Equity Tier 1 Capital Ratio 155,634 18.90 % 37,050 4.50 % 53,516 6.50 % Tier 1 Capital to Total Assets 155,634 14.55 % 42,776 4.00 % 53,470 5.00 % Ponce Bank Total Capital to Risk-Weighted Assets $ 146,434 17.84 % $ 65,649 8.00 % $ 82,062 10.00 % Tier 1 Capital to Risk-Weighted Assets 136,133 16.59 % 49,237 6.00 % 65,649 8.00 % Common Equity Tier 1 Capital Ratio 136,133 16.59 % 36,928 4.50 % 53,340 6.50 % Tier 1 Capital to Total Assets 136,133 12.76 % 42,691 4.00 % 53,364 5.00 % Note 13. Regulatory Capital Requirements (Continued) To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio December 31, 2019 PDL Community Bancorp Total Capital to Risk-Weighted Assets $ 168,268 21.35 % $ 63,044 8.00 % $ 78,805 10.00 % Tier 1 Capital to Risk-Weighted Assets 158,382 20.10 % 47,283 6.00 % 63,044 8.00 % Common Equity Tier 1 Capital Ratio 158,382 20.10 % 35,462 4.50 % 51,223 6.50 % Tier 1 Capital to Total Assets 158,382 14.97 % 42,334 4.00 % 52,917 5.00 % Ponce Bank Total Capital to Risk-Weighted Assets $ 146,451 18.62 % $ 62,923 8.00 % $ 78,654 10.00 % Tier 1 Capital to Risk-Weighted Assets 136,584 17.37 % 47,192 6.00 % 62,923 8.00 % Common Equity Tier 1 Capital Ratio 136,584 17.37 % 35,394 4.50 % 51,125 6.50 % Tier 1 Capital to Total Assets 136,584 12.92 % 42,275 4.00 % 52,843 5.00 %

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Components of Accumulated Other Comprehensive Income	The components of accumulated other comprehensive income are as follows: March 31, 2020 December 31, 2019 Change March 31, 2020 Unrealized gains on available-for-sale securities, net $ 20 $ 90 $ 110 Total $ 20 $ 90 $ 110 December 31, 2019 December 31, 2018 Change December 31, 2019 Unrealized gains (losses) on available-for-sale securities, net $ (291 ) $ 311 $ 20 Unrealized losses on pension benefits, net (7,844 ) 7,844 — Total $ (8,135 ) $ 8,155 $ 20

Transactions With Related Par_2

Transactions With Related Parties (Tables)	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Schedule of Aggregate Loan Transactions with Related Parties	Aggregate loan transactions with related parties for the three months ended March 31, 2020 and 2019 were as follows: For the Three Months Ended March 31, 2020 2019 Beginning balance $ 1,260 $ 1,278 Originations — — Payments (16 ) (23 ) Ending balance $ 1,244 $ 1,255

Nature of Business and Summar_4

Nature of Business and Summary of Significant Accounting Policies - Additional Information (Details)	3 Months Ended
	Mar. 31, 2020BranchOfficeSegmentBranchLease
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch banking offices	13
Minimum collection percentage of securities required to be considered as a maturity	85.00%
Period of historical loss experience to estimate allowance for loan losses	36 months
Percentage of largest amount of tax benefits likely to realize	50.00%
Percentage of employee discretionary matching, profit sharing and safe harbor contributions, maximum	4.00%
Number of reportable operating segment | Segment	1
Number of leased branches | BranchLease	7
Commercial Real Estate Portfolio Segment
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Period on which interest rate is adjusted	5 years
Minimum
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Percentage of loan to value ratio	65.00%
Minimum | Construction Loans
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Loan term	6 months
Minimum | Commercial Real Estate Portfolio Segment
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Loan amortization period	15 years
Balloon payments period of loan	10 years
Minimum | Commercial Portfolio Segment
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Loan term	5 years
Maximum
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Percentage of loan to value ratio	90.00%
Maximum | Construction Loans
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Loan term	2 years
Maximum | Commercial Real Estate Portfolio Segment
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Percentage of loan to value ratio	75.00%
Loan amortization period	30 years
Balloon payments period of loan	15 years
Maximum | Commercial Portfolio Segment
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Loan term	7 years
Bronx
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch banking offices	4
Manhattan
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch banking offices	2
Queens
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch banking offices	3
Brooklyn
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch banking offices	3
New York and Union City
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch banking offices	1

Nature of Business and Summar_5

Nature of Business and Summary of Significant Accounting Policies - Estimated Useful Lives of Assets (Details)	3 Months Ended
	Mar. 31, 2020
Buildings
Property Plant And Equipment [Line Items]
Estimated useful lives of assets	39 years
Minimum | Building Improvements
Property Plant And Equipment [Line Items]
Estimated useful lives of assets	15 years
Minimum | Furniture, Fixtures and Equipment
Property Plant And Equipment [Line Items]
Estimated useful lives of assets	3 years
Maximum | Building Improvements
Property Plant And Equipment [Line Items]
Estimated useful lives of assets	39 years
Maximum | Furniture, Fixtures and Equipment
Property Plant And Equipment [Line Items]
Estimated useful lives of assets	10 years

Restrictions on Cash and Due _2

Restrictions on Cash and Due From Banks - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Cash And Cash Equivalents [Abstract]
Restricted cash	$ 6,872	$ 5,935
Required reserve balances in cash or on deposit with the Federal Reserve Bank	$ 0	$ 4,927

Available-for-Sale Securities -

Available-for-Sale Securities - Amortized Cost and Fair Value of Available-for-Sale Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	$ 19,050	$ 21,535
Gross Unrealized Gains	90	9
Gross Unrealized Losses		(40)
Fair Value	19,140	21,504
U.S. Government and Federal Agencies
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	5,498	16,373
Gross Unrealized Gains	9
Gross Unrealized Losses		(19)
Fair Value	5,507	16,354
Corporate Bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	8,638
Gross Unrealized Gains	40
Fair Value	8,678
FNMA Certificates
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	4,490	4,680
Gross Unrealized Gains	37
Gross Unrealized Losses		(21)
Fair Value	4,527	4,659
GNMA Certificates
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	424	482
Gross Unrealized Gains	4	9
Fair Value	$ 428	$ 491

Available-for-Sale Securities_2

Available-for-Sale Securities - Additional Information (Details)	3 Months Ended
	Mar. 31, 2020USD ($)Security	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)Security
Investments Debt And Equity Securities [Abstract]
Held to maturity	$ 0		$ 0
Sale of available-for-sale securities	8,875,000	$ 0
Available-for-sale securities matured	2,000,000
Purchases of available-for-sale securities	8,685,000
Unrealized gain (loss) on securities	$ 0
Number of available for sale securities | Security	8		10
Number of investment securities not other than temporary | Security	0		9
Securities pledged	$ 0		$ 0

Available-for-Sale Securities_3

Available-for-Sale Securities - Company's Securities' Gross Unrealized Losses and Fair Values, Aggregated by Length of Time Individual Securities Have Been in a Continuous Unrealized Loss Position (Details) $ in Thousands	Dec. 31, 2019USD ($)
Schedule Of Available For Sale Securities [Line Items]
Securities With Gross Unrealized Losses 12 Months or More, Fair Value	$ 21,013
Securities With Gross Unrealized Losses 12 Months or More, Unrealized Losses	(40)
Securities With Gross Unrealized Losses, Total Fair Value	21,013
Securities With Gross Unrealized Losses, Total Unrealized Losses	(40)
U.S. Government and Federal Agencies
Schedule Of Available For Sale Securities [Line Items]
Securities With Gross Unrealized Losses 12 Months or More, Fair Value	16,354
Securities With Gross Unrealized Losses 12 Months or More, Unrealized Losses	(19)
Securities With Gross Unrealized Losses, Total Fair Value	16,354
Securities With Gross Unrealized Losses, Total Unrealized Losses	(19)
FNMA Certificates
Schedule Of Available For Sale Securities [Line Items]
Securities With Gross Unrealized Losses 12 Months or More, Fair Value	4,659
Securities With Gross Unrealized Losses 12 Months or More, Unrealized Losses	(21)
Securities With Gross Unrealized Losses, Total Fair Value	4,659
Securities With Gross Unrealized Losses, Total Unrealized Losses	$ (21)

Available-for-Sale Securities_4

Available-for-Sale Securities - Summary of Maturities of Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Schedule Of Available For Sale Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	$ 19,050	$ 21,535
Available-for-sale securities, at fair value (Note 3)	19,140	21,504
U.S. Government and Federal Agencies
Schedule Of Available For Sale Securities [Line Items]
Available-for-Sale Securities Three months or less, Amortized Cost	1,999	2,000
Available-for-Sale Securities After three months through one year, Amortized Cost	3,499	14,373
Available-for-Sale Securities, Amortized Cost	5,498	16,373
Available-for-Sale Securities Three months or less, Fair Value	2,003	2,000
Available-for-Sale Securities After three months through one year, Fair Value	3,504	14,354
Available-for-sale securities, at fair value (Note 3)	5,507	16,354
Corporate Bonds
Schedule Of Available For Sale Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	8,638
Available-for-sale securities, at fair value (Note 3)	8,678
Mortgage-Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	4,914	5,162
Available-for-sale securities, at fair value (Note 3)	$ 4,955	$ 5,150

Summary of Loans (Details)

Summary of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	$ 984,317	$ 966,096
Net deferred loan origination costs	2,146	1,970
Allowance for loan losses	(13,484)	(12,329)
Loans receivable, net	972,979	955,737
1-4 Family Residential Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	308,206	305,272
1-4 Family Residential Owner-Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	93,887	91,943
Multifamily
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	259,326	250,239
Nonresidential Properties
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	210,225	207,225
Construction Loans
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	100,202	99,309
Commercial Portfolio Segment
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	11,183	10,877
Consumer Loans
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	$ 1,288	$ 1,231

Loans Receivable and Allowanc_3

Loans Receivable and Allowance for Loan Losses - Additional Information (Details) $ in Thousands	May 07, 2020USD ($)Loan	Mar. 31, 2020USD ($)Loan	Dec. 31, 2019USD ($)Loan	Mar. 31, 2019USD ($)
Accounts Notes And Loans Receivable [Line Items]
Restructured loans | Loan		0	1
Number of troubled debt restructured loans | Loan		34	36
Troubled debt restructured loans		$ 10,489	$ 12,204
Troubled debt restructured loan, accrual status		7,390	8,601
Impairment reserves		289	459	$ 962
Loans held for sale		1,030	1,030
Payment Deferral | COVID-19 | Subsequent Event
Accounts Notes And Loans Receivable [Line Items]
Restructured loans | Loan	3
Construction Loans | Payment Deferral | COVID-19 | Subsequent Event
Accounts Notes And Loans Receivable [Line Items]
Restructured loans | Loan	10
Loan deferred payment granted	$ 43,733
Business Loans | Payment Deferral | COVID-19 | Subsequent Event
Accounts Notes And Loans Receivable [Line Items]
Loan deferred payment granted	1,208
Consumer Loan | Payment Deferral | COVID-19 | Subsequent Event
Accounts Notes And Loans Receivable [Line Items]
Loan deferred payment granted	$ 35
Resdential | Payment Deferral | COVID-19 | Subsequent Event
Accounts Notes And Loans Receivable [Line Items]
Restructured loans | Loan	264
Loan deferred payment granted	$ 205,788
Nonresidential
Accounts Notes And Loans Receivable [Line Items]
Impairment reserves		31	31	$ 125
Nonresidential | Payment Deferral | COVID-19 | Subsequent Event
Accounts Notes And Loans Receivable [Line Items]
Restructured loans | Loan	68
Loan deferred payment granted	$ 76,044
Troubled Debt Restructured Loans
Accounts Notes And Loans Receivable [Line Items]
Impairment reserves		$ 289	$ 459
Minimum
Accounts Notes And Loans Receivable [Line Items]
Strong Pass Loans to new or existing borrowers collateralized percentage		90.00%

Credit Risk Ratings by Loan Seg

Credit Risk Ratings by Loan Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	$ 984,317	$ 966,096
1-4 Family
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	402,093	397,215
Multifamily
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	259,326	250,239
Nonresidential
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	210,225	207,225
Construction Loans
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	100,202	99,309
Commercial Portfolio Segment
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	11,183	10,877
Consumer Loans
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	1,288	1,231
Pass
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	944,307	925,954
Pass | 1-4 Family
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	391,745	386,022
Pass | Multifamily
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	258,579	249,066
Pass | Nonresidential
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	204,280	202,761
Pass | Construction Loans
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	77,232	75,997
Pass | Commercial Portfolio Segment
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	11,183	10,877
Pass | Consumer Loans
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	1,288	1,231
Special Mention
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	18,091	17,355
Special Mention | 1-4 Family
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	2,371	2,412
Special Mention | Construction Loans
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	15,720	14,943
Substandard
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	21,919	22,787
Substandard | 1-4 Family
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	7,977	8,781
Substandard | Multifamily
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	747	1,173
Substandard | Nonresidential
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	5,945	4,464
Substandard | Construction Loans
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	$ 7,250	$ 8,369

Aging Analysis of Loans (Detail

Aging Analysis of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020		Dec. 31, 2019
Financing Receivable Recorded Investment Past Due [Line Items]
Current	$ 970,278	[1]	$ 948,816
Total Past Due	984,317		966,096
Nonaccrual Loans	8,645		10,568
1-4 Family Owner-Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Current	91,189	[1]	87,243
Total Past Due	93,887		91,943
Nonaccrual Loans	3,260		3,500
Nonresidential Properties
Financing Receivable Recorded Investment Past Due [Line Items]
Current	205,340	[1]	203,514
Total Past Due	210,225		207,225
Nonaccrual Loans	3,844		4,201
Multifamily
Financing Receivable Recorded Investment Past Due [Line Items]
Current	258,177	[1]	246,318
Total Past Due	259,326		250,239
1-4 Family Residential Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Current	302,899	[1]	300,324
Total Past Due	308,206		305,272
Nonaccrual Loans	1,541		1,749
Construction Loans
Financing Receivable Recorded Investment Past Due [Line Items]
Current	100,202	[1]	99,309
Total Past Due	100,202		99,309
Nonaccrual Loans			1,118
Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	7,537		11,195
Financing Receivables, 30 to 59 Days Past Due | 1-4 Family Owner-Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	1,011		3,405
Financing Receivables, 30 to 59 Days Past Due | Nonresidential Properties
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	1,152		3
Financing Receivables, 30 to 59 Days Past Due | Multifamily
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	1,149		3,921
Financing Receivables, 30 to 59 Days Past Due | 1-4 Family Residential Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	4,225		3,866
Financing Receivables, Over 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	6,502		6,085
Financing Receivables, Over 90 Days Past Due | 1-4 Family Owner-Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	1,687		1,295
Financing Receivables, Over 90 Days Past Due | Nonresidential Properties
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	3,733		3,708
Financing Receivables, Over 90 Days Past Due | 1-4 Family Residential Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	1,082		1,082
Business
Financing Receivable Recorded Investment Past Due [Line Items]
Current	11,183	[1]	10,877
Total Past Due	11,183		10,877
Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Current	1,288	[1]	1,231
Total Past Due	$ 1,288		$ 1,231
[1]	As of March 31, 2020, the Company had $18,697 of loans eligible for deferral of payments under Section 4013 of the CARES Act that are presented as current in the aging analysis of loans.

Aging Analysis of Loans (Parren

Aging Analysis of Loans (Parrenthetical) (Details) $ in Thousands	Mar. 31, 2020USD ($)
Receivables [Abstract]
Loan eligible for deferral payments under CARES ACT	$ 18,697

Composition of Allowance for Lo

Composition of Allowance for Loan Losses and Related Recorded Investment in Loans (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	$ 12,329	$ 12,659	$ 12,659
Provision charged to expense	1,146	149	258
Losses charged-off		(377)	(732)
Recoveries	9	18	144
Balance, end of period	13,484	12,449	12,329
Ending balance: individually evaluated for impairment	289	962	459
Ending balance: collectively evaluated for impairment	13,195	11,487	11,870
Ending balance: individually evaluated for impairment	16,098	18,028	19,232
Ending balance: collectively evaluated for impairment	968,219	917,793	946,864
Total	984,317	935,821	966,096
1-4 Family Investor Owned
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	3,503	3,799	3,799
Provision charged to expense	234	(248)	(311)
Losses charged-off			(8)
Recoveries			23
Balance, end of period	3,737	3,551	3,503
Ending balance: individually evaluated for impairment	113	344	265
Ending balance: collectively evaluated for impairment	3,624	3,207	3,238
Ending balance: individually evaluated for impairment	5,303	7,464	6,973
Ending balance: collectively evaluated for impairment	302,903	297,186	298,299
Total	308,206	304,650	305,272
1-4 Family Owner-Occupied
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	1,067	1,208	1,208
Provision charged to expense	120	(40)	(141)
Balance, end of period	1,187	1,168	1,067
Ending balance: individually evaluated for impairment	145	214	149
Ending balance: collectively evaluated for impairment	1,042	954	918
Ending balance: individually evaluated for impairment	5,613	6,321	5,572
Ending balance: collectively evaluated for impairment	88,274	89,128	86,371
Total	93,887	95,449	91,943
Multifamily
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	3,865	3,829	3,829
Provision charged to expense	398	(116)	36
Balance, end of period	4,263	3,713	3,865
Ending balance: collectively evaluated for impairment	4,263	3,713	3,865
Ending balance: individually evaluated for impairment		13
Ending balance: collectively evaluated for impairment	259,326	234,736	250,239
Total	259,326	234,749	250,239
Nonresidential Properties
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	1,849	1,925	1,925
Provision charged to expense	291	(2)	(85)
Recoveries	2	2	9
Balance, end of period	2,142	1,925	1,849
Ending balance: individually evaluated for impairment	31	125	31
Ending balance: collectively evaluated for impairment	2,111	1,800	1,818
Ending balance: individually evaluated for impairment	5,182	2,570	5,548
Ending balance: collectively evaluated for impairment	205,043	197,333	201,677
Total	210,225	199,903	207,225
Construction Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	1,782	1,631	1,631
Provision charged to expense	123	(98)	151
Balance, end of period	1,905	1,533	1,782
Ending balance: collectively evaluated for impairment	1,905	1,533	1,782
Ending balance: individually evaluated for impairment		1,341	1,125
Ending balance: collectively evaluated for impairment	100,202	83,503	98,184
Total	100,202	84,844	99,309
Business
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	254	260	260
Provision charged to expense	(22)	651	608
Losses charged-off		(377)	(724)
Recoveries	7	15	110
Balance, end of period	239	549	254
Ending balance: individually evaluated for impairment		275	14
Ending balance: collectively evaluated for impairment	239	274	240
Ending balance: individually evaluated for impairment		315	14
Ending balance: collectively evaluated for impairment	11,183	14,786	10,863
Total	11,183	15,101	10,877
Consumer
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	9	7	7
Provision charged to expense	2	2
Recoveries		1	2
Balance, end of period	11	10	9
Ending balance: individually evaluated for impairment		4
Ending balance: collectively evaluated for impairment	11	6	9
Ending balance: individually evaluated for impairment		4
Ending balance: collectively evaluated for impairment	1,288	1,121	1,231
Total	$ 1,288	$ 1,125	$ 1,231

Information Relates to Impaired

Information Relates to Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	$ 17,104	$ 19,995	$ 20,687
Recorded Investment With No Allowance	13,264	11,432	14,688
Recorded Investment With Allowance	2,834	6,596	4,544
Total Recorded Investment	16,098	18,028	19,232
Related Allowance	289	962	459
Average Recorded Investment	18,158	18,474	18,404
Interest Income Recognized on Cash Basis	66	229	488
1-4 Family Residential
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	11,859	14,901	13,566
Recorded Investment With No Allowance	8,454	7,944	8,390
Recorded Investment With Allowance	2,462	5,841	4,155
Total Recorded Investment	10,916	13,785	12,545
Related Allowance	258	558	414
Average Recorded Investment	12,568	14,217	12,995
Interest Income Recognized on Cash Basis	57	191	361
Nonresidential Properties
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	5,245	2,766	5,640
Recorded Investment With No Allowance	4,810	2,094	5,173
Recorded Investment With Allowance	372	476	375
Total Recorded Investment	5,182	2,570	5,548
Related Allowance	31	125	31
Average Recorded Investment	4,419	2,698	3,988
Interest Income Recognized on Cash Basis	9	37	121
Multifamily
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance		13
Recorded Investment With No Allowance		13
Total Recorded Investment		13
Average Recorded Investment	6	6	6
Construction Loans
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance		1,615	1,465
Recorded Investment With No Allowance		1,341	1,125
Total Recorded Investment		1,341	1,125
Average Recorded Investment	1,035	1,153	1,219
Interest Income Recognized on Cash Basis		1	6
Business
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance		696	16
Recorded Investment With No Allowance		40
Recorded Investment With Allowance		275	14
Total Recorded Investment		315	14
Related Allowance		275	14
Average Recorded Investment	129	399	195
Consumer
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance		4
Recorded Investment With Allowance		4
Total Recorded Investment		4
Related Allowance		4
Average Recorded Investment	$ 1	$ 1	$ 1

Schedule of Troubled Debt Restr

Schedule of Troubled Debt Restructuring (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020Loan	Dec. 31, 2019USD ($)Loan
Financing Receivable Modifications [Line Items]
Loans Restructured, Number of Loans | Loan	0	1
Loans Restructured, Pre-Modification Recorded Balance		$ 275
Loans Restructured, Post-Modification Recorded Balance		$ 283
Mortgage Loans
Financing Receivable Modifications [Line Items]
Loans Restructured, Number of Loans | Loan		1
Loans Restructured, Pre-Modification Recorded Balance		$ 275
Loans Restructured, Post-Modification Recorded Balance		$ 283
Mortgage Loans | 1-4 Family
Financing Receivable Modifications [Line Items]
Loans Restructured, Number of Loans | Loan		1
Loans Restructured, Pre-Modification Recorded Balance		$ 275
Loans Restructured, Post-Modification Recorded Balance		$ 283
Combination of Rate, Maturity, Other
Financing Receivable Modifications [Line Items]
Loans Restructured, Number of Loans | Loan		1
Loans Restructured, Pre-Modification Recorded Balance		$ 275
Loans Restructured, Post-Modification Recorded Balance		$ 283

Summary of Premises and Equipme

Summary of Premises and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 55,712	$ 55,376
Less: accumulated depreciation and amortization	(23,232)	(22,630)
Total premises and equipment	32,480	32,746
Land
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	3,979	3,979
Building Improvements
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	17,423	17,350
Leasehold Improvements
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	25,559	25,534
Furniture, Fixtures and Equipment
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 8,751	$ 8,513

Premises and Equipment - Additi

Premises and Equipment - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Property Plant And Equipment [Line Items]
Depreciation and amortization	$ 602	$ 509
Property, plant and equipment, gross	55,712		$ 55,376
Leasehold Improvements
Property Plant And Equipment [Line Items]
Increase (decrease) in property, plant and equipment	25
Property, plant and equipment, gross	25,559		25,534
Building Improvements
Property Plant And Equipment [Line Items]
Increase (decrease) in property, plant and equipment	73
Property, plant and equipment, gross	17,423		17,350
Furniture, Fixtures and Equipment
Property Plant And Equipment [Line Items]
Increase (decrease) in property, plant and equipment	238
Property, plant and equipment, gross	$ 8,751		$ 8,513

Deposits - Summarized Deposits

Deposits - Summarized Deposits (Details) - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019
Banking And Thrift [Abstract]
Demand		$ 110,801	$ 109,548
NOW/IOLA accounts		31,586	32,866
Money market accounts		121,629	86,721
Reciprocal deposits	[1]	62,384	47,659
Savings accounts		112,318	115,751
Total NOW, money market, reciprocal and savings		327,917	282,997
Certificates of deposit of $250K or more		81,486	84,263
Brokered certificates of deposits	[2]	51,661	76,797
Listing service deposits	[2]	55,842	32,400
Certificates of deposit less than $250K		202,034	196,038
Total certificates of deposit		391,023	389,498
Total interest-bearing deposits		718,940	672,495
Total deposits		$ 829,741	$ 782,043
[1]	Included in reciprocal deposits are money market accounts and certificates of deposit.
[2]	There were no individual brokered certificates of deposit or listing service deposits amounting to $250K or more.

Deposits - Scheduled Maturities

Deposits - Scheduled Maturities of Certificates of Deposit (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Banking And Thrift [Abstract]
2021	$ 221,316
2022	90,094
2023	50,154
2024	20,016
2025	9,443
Total certificates of deposit	$ 391,023	$ 389,498

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Banking And Thrift [Abstract]
Overdrawn deposit reclassified to loans amounted	$ 74	$ 199

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Line Of Credit Facility [Line Items]
Advance from the Federal Home Loan Bank	$ 152,284		$ 104,404
Guarantee from the FHLBNY through a standby letter of credit	3,355		3,455
Unsecured fed fund line amount outstanding	25,000		25,000
Interest expense on FHLBNY advances	587	$ 333
Collateral in residential 1-4 and multifamily mortgage loans available to secure advances from the FHLBNY	305,089		301,753
FHLBNY
Line Of Credit Facility [Line Items]
Unsecured fed fund line amount outstanding	$ 0		$ 0

Borrowings - Schedule of Borrow

Borrowings - Schedule of Borrowed Funds FHLBNY and Correspondent Bank Advances Maturity and Call Date (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Line Of Credit Facility [Line Items]
2020	$ 43,029	$ 8,029
2021	3,000	3,000
2022	77,880	65,000
2023	28,375	28,375
Total	152,284	104,404
2020	43,029	8,029
2021	3,000	3,000
2022	77,880	65,000
2023	28,375	28,375
Total	$ 152,284	$ 104,404
2020	0.86%	2.86%
2021	1.84%	1.84%
2022	1.73%	1.89%
2023	2.82%	2.82%
Total	1.69%	2.21%

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Federal:
Current	$ 158	$ 274
Deferred	(276)	8
Federal income tax provision (benefit)	(118)	282
State and local:
Current	58	101
Deferred	(690)	(289)
State and local income tax provision (benefit)	(632)	(188)
Valuation allowance	541	213
Provision (benefit) for income taxes	$ (209)	$ 307

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Income Taxes [Line Items]
Federal income tax rate	21.00%	21.00%
Increased in valuation allowance	$ (541,000)	$ (213,000)
NEW YORK
Income Taxes [Line Items]
Increased in valuation allowance	328,000	$ 213,000
Unrecognized tax benefits related to uncertain tax positions	$ 0		$ 0

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Differences Between Federal Income Tax Rate and Total Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Tax Expense Benefit Continuing Operations Income Tax Reconciliation [Abstract]
Income tax, at federal rate	$ (299)	$ 205
State and local tax, net of federal taxes	(500)	(150)
Valuation allowance, net of the federal benefit	541	213
Other	49	39
Provision (benefit) for income taxes	$ (209)	$ 307

Income Taxes - Significant Defe

Income Taxes - Significant Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Deferred tax assets:
Allowance for loan losses	$ 4,364	$ 3,990
Interest on nonaccrual loans	449	338
Unrealized loss on available-for-sale securities	(18)	7
Amortization of intangible assets	83	88
Deferred rent payable	104
Depreciation of premises and equipment	30	30
Net operating losses	4,576	4,258
Charitable contribution carryforward	1,612	1,675
Compensation and benefits	324	182
Other	103	130
Total gross deferred tax assets	11,627	10,698
Deferred tax liabilities:
Cumulative contribution in excess of net periodic benefit costs, net		85
Deferred loan fees	695	638
Other	7	7
Total gross deferred tax liabilities	702	730
Valuation allowance	6,785	6,244
Net deferred tax assets	$ 4,140	$ 3,724

Compensation and Benefit Plan_2

Compensation and Benefit Plans - Additional Information (Detail) $ / shares in Units, $ in Thousands		Mar. 27, 2020$ / sharesshares	Nov. 13, 2019shares	Mar. 31, 2020USD ($)Executive$ / sharesshares		Mar. 31, 2019USD ($)	Dec. 31, 2019$ / sharesshares		Mar. 25, 2019shares	Dec. 31, 2018$ / shares
Compensation And Benefit Plans Disclosure [Line Items]
Maximum employer matching contribution percentage				4.00%
Employer matching contribution percentage				3.00%
Expenses recognized | $				$ 266		$ 90
ESOP related compensation expense including equalization expense | $				156		203
Number of option grants							8,918
Total remaining unrecognized compensation cost | $				$ 445
Weighted average period expected to be recognized				93 months
Weighted-average exercise price for options | $ / shares				$ 12.78	[1]		$ 12.78	[1]		$ 12.77
Weighted average remaining contractual life				8 years 8 months 12 days
Weighted average period expected to be recognized				5 years 2 months 12 days
Number of shares exercisable	[1]			24,788			24,788
Stock repurchase program, number of shares repurchase				1,163,288			1,011,894
Common Stock
Compensation And Benefit Plans Disclosure [Line Items]
Stock repurchase program, expire date				Sep. 24, 2019
Stock repurchase program, percentage of shares repurchase			5.00%						5.00%
Stock repurchase program, number of shares repurchase		1,253,423		1,163,288
Stock repurchase program, weighted average price per share | $ / shares		$ 14.18
Common Stock | Maximum
Compensation And Benefit Plans Disclosure [Line Items]
Stock repurchase program, number of shares repurchase									923,151
Stock repurchase program, expire date			Mar. 27, 2020
Stock repurchase program, remaining number of shares authorized to be repurchased			878,835
Restricted Stock Units
Compensation And Benefit Plans Disclosure [Line Items]
Number of stock grants							29,725
Compensation expense | $				$ 324		300
Total remaining unrecognized compensation cost | $				$ 4,959
Weighted average period expected to be recognized				93 months
Stock Options
Compensation And Benefit Plans Disclosure [Line Items]
Compensation expense | $				$ 29		$ 26
Weighted average period expected to be recognized				6 years 6 months		6 years 6 months
2018 Long-Term Incentive Plan
Compensation And Benefit Plans Disclosure [Line Items]
Equity incentive plans, maximum number of shares issuable				1,248,469
Common stock reserved for future issuance				1,248,469
Conversion of issuable stock options to issuable restricted stock ratio				3
Number of issuable stock options converted into restricted stock units				462,522
Number of restricted stock units converted from issuable stock options				154,174
Number of grants				674,645
Conversion of issuable stock options to issuable restricted stock				88,492
2018 Long-Term Incentive Plan | Executive Officers
Compensation And Benefit Plans Disclosure [Line Items]
Vesting percentage				20.00%
2018 Long-Term Incentive Plan | Directors
Compensation And Benefit Plans Disclosure [Line Items]
Vesting percentage				20.00%
Vesting period				10 years
2018 Long-Term Incentive Plan | Stock Options or Stock Appreciation Rights
Compensation And Benefit Plans Disclosure [Line Items]
Common stock reserved for future issuance				891,764
Shares available for future awards				265,476			265,476
2018 Long-Term Incentive Plan | Restricted Stock Units
Compensation And Benefit Plans Disclosure [Line Items]
Common stock reserved for future issuance				356,705
Shares available for future awards				0			0
2018 Long-Term Incentive Plan | Restricted Stock Units | Executive Officers
Compensation And Benefit Plans Disclosure [Line Items]
Number of stock grants				322,254
2018 Long-Term Incentive Plan | Restricted Stock Units | Outside Directors
Compensation And Benefit Plans Disclosure [Line Items]
Number of stock grants				148,625
2018 Long-Term Incentive Plan | Restricted Stock Units | Officers
Compensation And Benefit Plans Disclosure [Line Items]
Number of stock grants				40,000
2018 Long-Term Incentive Plan | Restricted Stock Units | Directors
Compensation And Benefit Plans Disclosure [Line Items]
Stock repurchase program, shares reissued of restricted stock units		90,135
2018 Long-Term Incentive Plan | Incentive Options | Executive Officers
Compensation And Benefit Plans Disclosure [Line Items]
Number of option grants				119,176
2018 Long-Term Incentive Plan | Non-qualified Options | Outside Directors
Compensation And Benefit Plans Disclosure [Line Items]
Number of option grants				44,590
Supplemental Executive Retirement Plan
Compensation And Benefit Plans Disclosure [Line Items]
Number of key executive under retirement plan | Executive				1
Expense recognized | $				$ 15		$ 17
Employee Stock Ownership Plan
Compensation And Benefit Plans Disclosure [Line Items]
ESOP borrowed amount | $				$ 7,238
Number of ESOP shares purchased				723,751
ESOP shares purchased expressed as percentage of common stock issued in stock offering				3.92%
Expected period of loan repaid				15 years
[1]	The aggregate intrinsic value, which represents the difference between the price of the Company’s common stock at respective periods and the stated exercise price of the underlying options, was $0 and $315 for outstanding options and $0 and $48 for exercisable options at March 31, 2020 and December 31, 2019, respectively.

Compensation and Benefit Plan_3

Compensation and Benefit Plans - Summary of ESOP Shares (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Shares committed-to-be released	12,063	48,250	12,063
Shares to be allocated to participants	144,750	96,500
Unallocated shares	566,938	579,001
Total	723,751	723,751
Fair value of unearned shares	$ 5,822	$ 8,511

Compensation and Benefit Plan_4

Compensation and Benefit Plans - Schedule of Restricted Stock Units Awards Activity and Related Information (Detail) - Restricted Stock Units - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Non-vested, beginning of year	420,744	510,879
Number of Shares, Granted		29,725
Number of Shares, Forfeited		(29,725)
Number of Shares, Vested		(90,135)
Number of Shares, Non-vested, ending of year	420,744	420,744
Weighted-Average Grant Date Fair Value Per Share, Non-vested, beginning of year	$ 12.78	$ 12.77
Weighted-Average Grant Date Fair Value Per Share, Granted		12.93
Weighted-Average Grant Date Fair Value Per Share, Forfeited		12.77
Weighted-Average Grant Date Fair Value Per Share, Vested		12.77
Weighted-Average Grant Date Fair Value Per Share, Non-vested, ending of year	$ 12.78	$ 12.78

Compensation and Benefit Plan_5

Compensation and Benefit Plans - Schedule of Stock Option Awards Activity and Related Information (Detail) - $ / shares		3 Months Ended		12 Months Ended
		Mar. 31, 2020		Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Options, Outstanding, beginning of year		163,766	[1]	163,766
Options, Granted				8,918
Options, Forfeited				(8,918)
Options, Outstanding, end of year	[1]	163,766		163,766
Options, Exercisable, end of year	[1]	24,788		24,788
Weighted-Average Exercise Price Per Share, Outstanding, beginning of year		$ 12.78	[1]	$ 12.77
Weighted-Average Exercise Price Per Share, Granted				12.93
Weighted-Average Exercise Price Per Share, Forfeited				12.77
Weighted-Average Exercise Price Per Share, Outstanding, end of year	[1]	12.78		12.78
Weighted-Average Exercise Price Per Share, Exercisable, end of year	[1]	$ 12.77		$ 12.77
[1]	The aggregate intrinsic value, which represents the difference between the price of the Company’s common stock at respective periods and the stated exercise price of the underlying options, was $0 and $315 for outstanding options and $0 and $48 for exercisable options at March 31, 2020 and December 31, 2019, respectively.

Compensation and Benefit Plan_6

Compensation and Benefit Plans - Schedule of Stock Option Activity and Related Information (Parenthetical) (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Average Intrinsic Value, Outstanding, end of period	$ 0	$ 315
Average Intrinsic Value, Exercisable, end of period	$ 0	$ 48

Compensation and Benefit Plan_7

Compensation and Benefit Plans - Schedule of Fair Value of Option Grant Using Black-Scholes Option Pricing Model With Weighted Average Assumptions (Detail) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected life	5 years 2 months 12 days
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Dividend yield	0.00%	0.00%
Expected life	6 years 6 months	6 years 6 months
Expected volatility	16.94%	16.94%
Risk-free interest rate	2.51%	2.51%
Weighted average grant date fair value	$ 4.01	$ 4.01

Earnings (Loss) Per Share - Sch

Earnings (Loss) Per Share - Schedule of Reconciliation of Number of Shares Used in Calculation of Basic and Diluted Earnings (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Net income (loss)	$ (1,213)	$ 668
Common shares outstanding for basic EPS:
Weighted average common shares outstanding	17,379,406	18,462,412
Less: Weighted average unallocated Employee Stock Ownership Plan (ESOP) shares	578,868	627,117
Basic weighted average common shares outstanding	16,800,538	17,835,295
Basic earnings (loss) per common share	$ (0.07)	$ 0.04
Dilutive potential common shares:
Add: Dilutive effect of restricted stock awards and stock options		29,032
Diluted weighted average common shares outstanding	16,800,538	17,864,327
Diluted earnings (loss) per common share	$ (0.07)	$ 0.04

Commitments, Contingencies an_3

Commitments, Contingencies and Credit Risk - Financial Instruments Whose Contractual Amounts Represent Credit Risk (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Contractual amounts represent credit risk	$ 84,037	$ 96,117
Commitments to Grant Mortgage Loans
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Contractual amounts represent credit risk	51,832	64,829
Unfunded Commitments Under Lines of Credit
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Contractual amounts represent credit risk	28,850	27,833
Standby Letters of Credit
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Contractual amounts represent credit risk	$ 3,355	$ 3,455

Commitments, Contingencies an_4

Commitments, Contingencies and Credit Risk - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Lease expiration year	2034
Rental expenses under operating leases	$ 129	$ 354

Commitments, Contingencies an_5

Commitments, Contingencies and Credit Risk - Projected Minimum Rental Payments under Terms of Leases (Details) $ in Thousands	Mar. 31, 2020USD ($)
Operating Leases Future Minimum Payments Due [Abstract]
Remainder of 2020	$ 1,008
2021	1,380
2022	1,290
2023	1,277
2024	1,311
2025	1,280
Thereafter	4,566
Projected minimum rental payments	$ 12,112

Fair Value - Assets Measured at

Fair Value - Assets Measured at Fair Value on Recurring Basis (Detail) - Fair Value Measurement Recurring - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	$ 19,140	$ 21,504
Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	19,140	21,504
U.S. Government and Federal Agencies
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	5,507	16,354
U.S. Government and Federal Agencies | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	5,507	16,354
Corporate Bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	8,678
Corporate Bonds | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	8,678
FNMA Certificates
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	4,527	4,659
FNMA Certificates | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	4,527	4,659
GNMA Certificates
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	428	491
GNMA Certificates | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	$ 428	$ 491

Fair Value - Assets Measured _2

Fair Value - Assets Measured at Fair Value on Nonrecurring Basis (Detail) - Impaired Loans - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on nonrecurring basis	$ 16,098	$ 19,232
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on nonrecurring basis	$ 16,098	$ 19,232

Fair Value - Estimated Fair Val

Fair Value - Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Available-for-sale securities	$ 19,140	$ 21,504
Loans held for sale	1,030	1,030
Carrying Amount
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	103,960	27,677
Available-for-sale securities	19,140	21,504
Loans held for sale	1,030	1,030
Loans receivable, net	972,979	955,737
Accrued interest receivable	4,198	3,982
FHLBNY stock	7,889	5,735
Demand deposits	110,801	109,548
Interest-bearing deposits	327,917	282,997
Certificates of deposit	391,023	389,498
Advance payments by borrowers for taxes and insurance	8,295	6,348
Advances from FHLBNY	152,284	104,404
Accrued interest payable	86	97
Fair Value Measurements
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	103,960	27,677
Available-for-sale securities	19,140	21,504
Loans held for sale	1,047	1,035
Loans receivable, net	988,936	959,942
Accrued interest receivable	4,198	3,982
FHLBNY stock	7,889	5,735
Demand deposits	110,801	109,548
Interest-bearing deposits	327,917	282,997
Certificates of deposit	396,603	393,254
Advance payments by borrowers for taxes and insurance	8,295	6,348
Advances from FHLBNY	152,284	104,404
Accrued interest payable	86	97
Fair Value Measurements | Level 1
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	103,960	27,677
FHLBNY stock	7,889	5,735
Demand deposits	110,801	109,548
Interest-bearing deposits	327,917	282,997
Advances from FHLBNY	152,284	104,404
Fair Value Measurements | Level 2
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Available-for-sale securities	19,140	21,504
Accrued interest receivable	4,198	3,982
Certificates of deposit	396,603	393,254
Advance payments by borrowers for taxes and insurance	8,295	6,348
Accrued interest payable	86	97
Fair Value Measurements | Level 3
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loans held for sale	1,047	1,035
Loans receivable, net	$ 988,936	$ 959,942

Regulatory Capital Requiremen_3

Regulatory Capital Requirements - Additional Information (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2015	Mar. 31, 2020
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Percentage of capital buffer	10.60%		9.80%
Minimum
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Percentage of capital conservation buffer		0.00%
Maximum
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Percentage of capital conservation buffer	2.50%

Regulatory Capital Requiremen_4

Regulatory Capital Requirements - Summary of Actual Capital Amounts and Ratios As Compared to Regulatory Requirements (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
PDL Community Bancorp
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Capital to Risk-Weighted Assets, Actual Amount	$ 165,968	$ 168,268
Tier 1 Capital to Risk-Weighted Assets, Actual Amount	155,634	158,382
Common Equity Tier 1 Capital Ratio, Actual Amount	155,634	158,382
Tier 1 Capital to Total Assets, Actual Amount	$ 155,634	$ 158,382
Total Capital to Risk-Weighted Assets, Actual Ratio	20.16%	21.35%
Tier 1 Capital to Risk-Weighted Assets, Actual Ratio	18.90%	20.10%
Common Equity Tier 1 Capital Ratio, Actual Ratio	18.90%	20.10%
Tier 1 Capital to Total Assets, Actual Ratio	14.55%	14.97%
Total Capital to Risk-Weighted Assets, For Capital Adequacy Amount	$ 65,866	$ 63,044
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Amount	49,399	47,283
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Amount	37,050	35,462
Tier 1 Capital to Total Assets, For Capital Adequacy Amount	$ 42,776	$ 42,334
Total Capital to Risk-Weighted Assets, For Capital Adequacy Ratio	8.00%	8.00%
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio	6.00%	6.00%
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio	4.50%	4.50%
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio	4.00%	4.00%
Total Capital to Risk-Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 82,332	$ 78,805
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	65,866	63,044
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	53,516	51,223
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 53,470	$ 52,917
Total Capital to Risk-Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	10.00%	10.00%
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	5.00%	5.00%
Ponce Bank
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Capital to Risk-Weighted Assets, Actual Amount	$ 146,434	$ 146,451
Tier 1 Capital to Risk-Weighted Assets, Actual Amount	136,133	136,584
Common Equity Tier 1 Capital Ratio, Actual Amount	136,133	136,584
Tier 1 Capital to Total Assets, Actual Amount	$ 136,133	$ 136,584
Total Capital to Risk-Weighted Assets, Actual Ratio	17.84%	18.62%
Tier 1 Capital to Risk-Weighted Assets, Actual Ratio	16.59%	17.37%
Common Equity Tier 1 Capital Ratio, Actual Ratio	16.59%	17.37%
Tier 1 Capital to Total Assets, Actual Ratio	12.76%	12.92%
Total Capital to Risk-Weighted Assets, For Capital Adequacy Amount	$ 65,649	$ 62,923
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Amount	49,237	47,192
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Amount	36,928	35,394
Tier 1 Capital to Total Assets, For Capital Adequacy Amount	$ 42,691	$ 42,275
Total Capital to Risk-Weighted Assets, For Capital Adequacy Ratio	8.00%	8.00%
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio	6.00%	6.00%
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio	4.50%	4.50%
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio	4.00%	4.00%
Total Capital to Risk-Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 82,062	$ 78,654
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	65,649	62,923
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	53,340	51,125
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 53,364	$ 52,843
Total Capital to Risk-Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	10.00%	10.00%
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	5.00%	5.00%

Components of Accumulated Other

Components of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive income (loss), net of tax	$ 90	$ 8,155
Unrealized gains (losses) on available for sale securities, net
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive income (loss) beginning balance	20	(291)
Other comprehensive income (loss), net of tax	90	311
Accumulated other comprehensive income (loss) ending balance	110	20
Unrealized losses on pension benefits, net
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive income (loss) beginning balance		(7,844)
Other comprehensive income (loss), net of tax		7,844
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive income (loss) beginning balance	20	(8,135)
Accumulated other comprehensive income (loss) ending balance	$ 110	$ 20

Aggregate Loan Transactions wit

Aggregate Loan Transactions with Related Parties (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Receivables [Abstract]
Beginning balance	$ 1,260	$ 1,278
Payments	(16)	(23)
Ending balance	$ 1,244	$ 1,255

Transactions With Related Par_3

Transactions With Related Parties - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Related Party Transactions [Abstract]
Deposits from officers and directors	$ 8,523	$ 8,302