PDL Community Bancorp 10-Q 12 May 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2021	May 11, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2021
Document Fiscal Year Focus	2021
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		17,327,942
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, 2021	Dec. 31, 2020
Cash and due from banks (Note 3):
Cash	$ 13,551	$ 26,936
Interest-bearing deposits in banks	76,571	45,142
Total cash and cash equivalents	90,122	72,078
Available-for-sale securities, at fair value (Note 4)	30,929	17,498
Held-to-maturity securities, at amortized cost (fair value of $1,661) (Note 4)	1,732	1,743
Placements with banks	2,739	2,739
Mortgage loans held for sale, at fair value	13,725	35,406
Loans receivable, net of allowance for loan losses - 2021 $15,508; 2020 $14,870 (Note 5)	1,230,458	1,158,640
Accrued interest receivable	12,547	11,396
Premises and equipment, net (Note 6)	33,625	32,045
Federal Home Loan Bank of New York stock (FHLBNY), at cost	6,057	6,426
Deferred tax assets (Note 9)	4,569	4,656
Other assets	7,204	12,604
Total assets	1,433,707	1,355,231
Liabilities:
Deposits (Note 7)	1,138,546	1,029,579
Accrued interest payable	66	60
Advance payments by borrowers for taxes and insurance	9,264	7,019
Advances from the Federal Home Loan Bank of New York and others (Note 8)	109,255	117,255
Warehouse lines of credit (Note 8)	11,664	29,961
Mortgage loan fundings payable (Note 8)	676	1,483
Other liabilities	3,032	10,330
Total liabilities	1,272,503	1,195,687
Commitments and contingencies (Note 12)
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 17,018,252 shares outstanding as of March 31, 2021 and 18,463,028 shares issued and 17,125,969 shares outstanding as of December 31, 2020	185	185
Treasury stock, at cost; 1,444,776 shares as of March 31, 2021 and 1,337,059 shares as of December 31, 2020 (Note 10)	(19,285)	(18,114)
Additional paid-in-capital	85,470	85,105
Retained earnings	99,993	97,541
Accumulated other comprehensive income (Note 15)	28	135
Unearned compensation ─ ESOP; 518,688 shares as of March 31, 2021 and 530,751 shares as of December 31, 2020 (Note 10)	(5,187)	(5,308)
Total stockholders' equity	161,204	159,544
Total liabilities and stockholders' equity	$ 1,433,707	$ 1,355,231

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Statement Of Financial Position [Abstract]
Held-to-maturity securities, at amortized cost ,fair value	$ 1,661	$ 1,722
Loans receivable, allowance for loan losses	$ 15,508	$ 14,870
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	17,018,252	17,125,969
Treasury stock,repurchased	1,444,776	1,337,059
Unearned compensation, ESOP shares	518,688	530,751

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Interest and dividend income:
Interest on loans receivable	$ 14,925	$ 12,782
Interest on deposits due from banks	2	66
Interest and dividend on available-for-sale securities and FHLBNY stock	250	182
Total interest and dividend income	15,177	13,030
Interest expense:
Interest on certificates of deposit	1,219	1,827
Interest on other deposits	382	692
Interest on borrowings	684	587
Total interest expense	2,285	3,106
Net interest income	12,892	9,924
Provision for loan losses (Note 5)	686	1,146
Net interest income after provision for loan losses	12,206	8,778
Non-interest income:
Service charges and fees	329	248
Brokerage commissions	223	50
Late and prepayment charges	244	119
Income on sale of mortgage loans	1,508
Loan origination	539
Gain on sale of real property	663
Other	387	205
Total non-interest income	3,893	622
Non-interest expense:
Compensation and benefits	5,664	5,008
Occupancy and equipment	2,634	2,017
Data processing expenses	594	467
Direct loan expenses	1,009	212
Insurance and surety bond premiums	146	121
Office supplies, telephone and postage	409	316
Professional fees	1,262	1,627
Marketing and promotional expenses	38	234
Directors fees	69	69
Regulatory dues	60	46
Other operating expenses	1,030	705
Total non-interest expense	12,915	10,822
Income (loss) before income taxes	3,184	(1,422)
Provision (benefit) for income taxes (Note 9)	732	(209)
Net income (loss)	$ 2,452	$ (1,213)
Earnings (loss) per share (Note 11):
Basic	$ 0.15	$ (0.07)
Diluted	$ 0.15	$ (0.07)
Weighted average shares outstanding (Note 11):
Basic	16,548,196	16,800,538
Diluted	16,548,196	16,800,538

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 2,452	$ (1,213)
Net change in unrealized gains (loss) on available-for-sale securities :
Unrealized gains (loss)	(80)	115
Income tax effect	(27)	(25)
Total other comprehensive income (loss), net of tax	(107)	90
Total comprehensive income (loss)	$ 2,345	$ (1,123)

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, 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
Balance at Dec. 31, 2020	159,544	$ 185	(18,114)	85,105	97,541	135	(5,308)
Balance, Shares at Dec. 31, 2020		17,125,969
Net income (loss)	2,452				2,452
Other comprehensive income (loss), net of tax	(107)					(107)
Treasury stock	$ (1,171)		(1,171)
Treasury stock, Shares	(1,444,776)	(107,717)
ESOP shares committed to be released (12,063 shares)	$ 134			13			121
Restricted stock awards	319			319
Stock options	33			33
Balance at Mar. 31, 2021	$ 161,204	$ 185	$ (19,285)	$ 85,470	$ 99,993	$ 28	$ (5,187)
Balance, Shares at Mar. 31, 2021		17,018,252

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) - shares	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
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 ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Cash Flows From Operating Activities:
Net income (loss)	$ 2,452,000	$ (1,213,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Amortization of premiums/discounts on securities, net	20,000	2,000
Loss on sale of loans	152,000
Gain on sale of real property	(663,000)
Gain on derivatives	(59,000)
Provision for loan losses (Note 5)	686,000	1,146,000	$ 2,443,000
Depreciation and amortization	603,211	602,267
ESOP compensation	157,000	156,000
Share-based compensation expense	352,000	352,000
Deferred income taxes	254,000	(441,000)
Changes in assets and liabilities:
Decrease in mortgage loans held for sale, fair value	20,649,000
Increase in accrued interest receivable	(1,151,000)	(216,000)
Decrease (increase) in other assets	5,459,000	(3,506,000)
Increase (decrease) in accrued interest payable	6,000	(11,000)
Increase in advance payments by borrowers	2,245,000	1,947,000
Decrease in mortgage loan fundings payable	(807,000)
(Decrease) increase in other liabilities	(7,744,000)	2,439,000
Net cash provided by operating activities	22,611,000	1,257,000
Cash Flows From Investing Activities:
Proceeds from redemption of FHLBNY stock	399,000	2,039,000
Purchases of FHLBNY Stock	(30,000)	(4,193,000)
Purchases of available-for-sale securities	(14,123,000)	(8,685,000)
Proceeds from sale of available-for-sale securities		8,875,000
Proceeds from maturities, calls and principal repayments on available-for-sale securities	634,000	2,148,000
Proceeds from sales of loans	880,000	3,530,000
Net increase in loans	(72,504,000)	(21,918,000)
Proceeds from sale of real property	2,417,000
Purchases of premises and equipment	(3,739,000)	(336,000)
Net cash used in investing activities	(86,066,000)	(18,540,000)
Cash Flows From Financing Activities:
Net increase in deposits	108,967,000	47,698,000
Repurchase of treasury stock	(1,171,000)	(2,012,000)
Proceeds from advances from FHLBNY	500,000	123,630,000
Repayments of advances from FHLBNY	(8,500,000)	(75,750,000)
Net advances on warehouse lines of credit	(18,297,000)
Net cash provided by financing activities	81,499,000	93,566,000
Net increase in cash and cash equivalents	18,044,000	76,283,000
Cash and Cash Equivalents including restricted cash:
Beginning	72,078,000	27,677,000	27,677,000
Ending	90,122,000	103,960,000	$ 72,078,000
Supplemental disclosures of cash flow information:
Cash paid for interest on deposits and borrowings	2,279,000	3,117,000
Cash paid for income taxes	$ 50,000	$ 91,000

Nature of Business and Summary

Nature of Business and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2021
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, 2020 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 subsidiaries Ponce Bank (the “Bank”) and Mortgage World Bankers, Inc. (“Mortgage World”), and the Bank’s wholly-owned subsidiaries. The Bank’s subsidiaries consist of PFS Service Corp., which owns one 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 Company is a financial holding company formed on September 29, 2017 in connection with the reorganization of the Bank into a mutual holding company structure. The Company is subject to the regulation and examination by the Board of Governors of the Federal Reserve. The Company’s business is conducted through the administrative office and 19 mortgage and banking offices. The banking offices are located in New York City – the Bronx (4 branches), Manhattan (2 branches), Queens (3 branches), Brooklyn (3 branches) and Union City (1 branch), New Jersey. The mortgage offices are located in Nassau County (1), Queens (2) and Brooklyn (1), New York and Englewood Cliffs (1) and Bergenfield (1), New Jersey. The Company’s primary market area currently consists of the New York City metropolitan area. 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. The Bank is a Minority Depository Institution, a Community Development Financial Institution, and a certified Small Business Administration lender. The Bank is subject to comprehensive regulation and examination by the Office of Comptroller of the Currency (the “OCC”). 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, 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. On July 10, 2020, the Company completed its acquisition of Mortgage World. Mortgage World is a mortgage banking entity subject to the regulation and examination of the New York State Department of Financial Services. The primary business of Mortgage World is the taking of applications from the general public for residential mortgage loans, underwriting them to investors’ standards, closing and funding them and holding them until they are sold to investors. Although Mortgage World is permitted to do business in various states (New York, New Jersey, Pennsylvania, Florida and Connecticut), it primarily operates in the New York City metropolitan area. Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Risks and Uncertainties: The COVID-19 pandemic continues to disrupt the global and U.S. economies and as well as the lives of individuals throughout the world. The New York City Metropolitan area continues to experience cases of the COVID-19 pandemic. Governments, businesses, and the public are taking unprecedented actions to contain the spread of the COVID-19 pandemic and to mitigate its effects, including vaccinations and quarantines and to certain extent limitation to travel. The financial impact of the COVID-19 pandemic is still unknown at this time. However, if the pandemic continues for a sustained period of time, it may continue to 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 its business operations, loan portfolio, financial condition, and results of operations. During the three months ended March 31, 2021, the provision for loan losses increased by $685,689 primarily due to increases in qualitative reserves as the Company continues to assess the economic impacts the COVID-19 pandemic has on its local economy and its loan portfolio. Therefore, there is a reasonable probability that the Company’s allowance for loan losses as of March 31, 2021 may change thereafter and could result in a material adverse change to the Company’s provision for loan losses, earnings and capital. 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 (loss), net of tax. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) 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 operations 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 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 interest method without anticipating prepayments. A loan is moved to nonaccrual status in accordance with the Company’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 Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) 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. When a loan is modified to troubled debt restructured, management evaluates for any possible impairment by using 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 Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Business Loans Consumer Loans Mortgage Loans Held for Sale : Mortgage loans held for sale, at fair value, include residential mortgages that were originated in accordance with secondary market pricing and underwriting standards. These loans are originated by Mortgage World which the Company intends to sell on the secondary market. Mortgage loans held for sale are carried at fair value under the fair value option accounting guidance for financial assets and financial liabilities. The gains or losses for the changes in fair value of these loans are included in income on sale of mortgage loans on the consolidated statements of operations. Interest income on mortgage loans held for sale measured under the fair value option is calculated based on the principal amount of the loan and is included in interest on loans receivable on the consolidated statements of operations. The Bank loans held for sale are earmarked for investor purchase and are reported at the lower of cost or fair value as determined by investor bid prices. Sales of loans occur from time to time as part of strategic business or regulatory compliance initiatives. Bank loans held for sale are sold without recourse and servicing released. When a Bank loan is transferred from portfolio to held-for-sale and the fair value is less than cost, a charge-off is recorded against the allowance for loan losses. Subsequent declines in fair value, if any, are charged against earnings . Derivative Financial Instruments Additionally, to facilitate the sale of mortgage loans, Mortgage World may enter into forward sale positions on securities, and mandatory delivery positions. Exposure to losses or gains on these positions is limited to the net difference between the calculated amounts to be received and paid. As of March 31, 2021, the Company did not enter into any forward sale or mandatory delivery positions on their financial instruments. Revenue from Contracts with Customers: COVID-19 Pandemic and the CARES Act Under the CARES Act and related Interagency Statement, the Company may 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 Company has chosen to utilize this part of the CARES Act as it relates to delinquencies and nonperforming loans and does not report these loans as past due. Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Under Section 4013 of the CARES Act, modifications of loan terms do not automatically result in TDRs and the Company generally does not need to categorize the COVID-19 pandemic-related modifications as TDRs. The Company 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. The termination date was extended by the Consolidated Appropriations Act of 2021, to the earlier of 60 days after the date of termination of the National Emergency or January 1, 2022. 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 Company has chosen to utilize this section of the CARES Act and does 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 Company has elected to follow this guidance of the CARES Act and reports 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 Depreciation is computed and charged to operations using the straight-line method over the estimated useful lives of the respective assets as follows: Years Building 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 Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Other Real Estate Owned Properties are evaluated regularly to ensure that the recorded amounts are supported by current fair values and charges against earnings are recorded as necessary to reduce the carrying amount to fair value, less estimated costs to dispose. Costs relating to the development and improvement of the property are capitalized, subject to the limit of fair value of the OREO, while costs relating to holding the property are expensed. Gains or losses are included in operations upon disposal. 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 operations. Related Party Transactions Employee Benefit Plans: KSOP, the Employee Stock Ownership Plan with 401(k) Provisions: Stock Options: Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) 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): Loss Contingencies Fair Value of Financial Instruments Segment Reporting Loan Commitments and Related Financial Instruments Earnings (Loss) per Share (“EPS”) Treasury Stock Reclassification of Prior Year Presentation . 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, 2021, there is no significant difference in the comparability of the consolidated financial statements as a result of this extended transition period. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) 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 14 branches and mortgage offices 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 14 leased branches and mortgage offices. 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 Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) In December 2019, the FASB issued ASU 2019-12 “ Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes The Company adopted this standard, which had no material effect on the Company’s consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848) ”

Business Acquisition

Business Acquisition	3 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
Business Acquisition	Note 2. Business On July 10, 2020, the Company completed its acquisition of 100 percent of the shares of common stock of Mortgage World. The shareholders of Mortgage World received total consideration of $1.8 million in cash. The acquisition was accounted for using the acquisition method of accounting, and accordingly, assets acquired and liabilities assumed were recorded at their estimated fair values as of the acquisition date. Mortgage World’s results of operations have been included in the Company’s Consolidated Statements of Operations since July 10, 2020. The assets acquired and liabilities assumed in the acquisition were recorded at their estimated fair values based on management’s best estimates, using information available at the date of the acquisition. The fair values are preliminary estimates and subject to adjustment for up to one year after the closing date of the acquisition. The Company did not recognize goodwill from the acquisition. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed of Mortgage World: Fair Value (Dollars in thousands) Fair value of acquisition consideration $ 1,755 Assets: Cash and cash equivalents 750 Mortgage loans held for sale, at fair value 10,549 Premises and equipment, net 302 Other assets 772 Total assets $ 12,373 Liabilities: Warehouse lines of credit $ 9,135 Mortgage loans fundings payable 1,237 Other liabilities 246 Total Liabilities $ 10,618 Net assets $ 1,755

Restrictions on Cash and Due fr

Restrictions on Cash and Due from Banks	3 Months Ended
	Mar. 31, 2021
Cash And Cash Equivalents [Abstract]
Restrictions on Cash and Due from Banks	Note 3 . Restrictions on Cash and Due from Banks The Bank was previously required to maintain reserve balances in cash or on deposit with the Federal Reserve Bank, based on a percentage of deposits. The Bank had $10.1 million and $24.5 million in cash to cover its minimum reserve requirement of $0 at March 31, 2021, and December 31, 2020. Effective March 26, 2020, the Federal Reserve Board eliminated reserve requirement for depository institutions to support lending to households and businesses. Cash and cash equivalents include Mortgage World restricted cash which consists of escrows due to HUD for upfront mortgage insurance premiums and escrows on unsold mortgages that are held on behalf of borrowers and good faith deposits received from commercial loan customers relating to the closing of a commercial loan. As of March 31, 2021 and December 31, 2020, the total amount of restricted cash was $70,172 and $150,407, respectively, and these were reflected on the consolidated statements of financial condition.

Available-for-Sale Securities

Available-for-Sale Securities	3 Months Ended
	Mar. 31, 2021
Investments Debt And Equity Securities [Abstract]
Available-for-Sale Securities	Note 4 . Available-for-Sale Securities The amortized cost, gross unrealized gains and losses, and fair value of securities at March 31, 2021 and December 31, 2020 are summarized as follows: March 31, 2021 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (Dollars in thousands) Available-for-Sale Securities: U.S. Government Bonds $ 2,978 $ 10 $ — $ 2,988 Corporate Bonds 13,408 158 (9 ) 13,557 Mortgage-Backed Securities: Collateralized Mortgage Obligations 7,044 — (69 ) 6,975 FNMA Certificates 7,161 71 (71 ) 7,161 GNMA Certificates 241 7 — 248 Total available-for-sale securities $ 30,832 $ 246 $ (149 ) $ 30,929 Held-to-Maturity Securities: FHLMC Certificates $ 1,732 $ — $ (71 ) $ 1,661 Total held-to-maturity securities $ 1,732 $ — $ (71 ) $ 1,661 December 31, 2020 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (Dollars in thousands) Available-for-Sale Securities: Corporate Bonds $ 10,381 $ 95 $ (13 ) $ 10,463 Mortgage-Backed Securities: FHLMC Certificates 3,201 — (5 ) 3,196 FNMA Certificates 3,506 61 — 3,567 GNMA Certificates 263 9 — 272 Total available-for-sale securities $ 17,351 $ 165 $ (18 ) $ 17,498 Held-to-Maturity Securities: FHLMC Certificates $ 1,743 $ — $ (21 ) $ 1,722 Total held-to-maturity securities $ 1,743 $ — $ (21 ) $ 1,722 There was one security classified as held-to-maturity as of March 31, 2021 and December 31, 2020. There were no available-for-sale securities and held-to-maturity securities sold during the three months ended March 31, 2021 and for the year ended December 31, 2020. No securities matured and/or were called during the three months ended March 31, 2021 and $17.8 million matured and/or were called during the year ended December 31, 2020. The Company purchased $14.1 million in available-for-sale securities during the three months ended March 31, 2021 and $13.6 million in available-for-sale securities and $1.7 million in held-to-maturity securities during the year ended December 31, 2020. Note 4. Available-for-Sale Securities (Continued) The following table presents the Company's gross unrealized losses and fair values of its securities, aggregated by the length of time the individual securities have been in a continuous unrealized loss position, at March 31, 2021 and December 31, 2020: March 31, 2021 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 (Dollars in thousands) Available-for-Sale Securities: Corporate Bonds $ 2,716 $ (9 ) $ — $ — $ 2,716 $ (9 ) Mortgage-Backed Collateralized Mortgage Obligations 6,975 (69 ) — — 6,975 (69 ) FNMA Certificates 4,070 (71 ) — — 4,070 (71 ) Total available-for-sale securities $ 13,761 $ (149 ) $ — $ — $ 13,761 $ (149 ) Held-to-Maturity Securities: FHLMC Certificates $ 1,661 $ (71 ) $ — $ — $ 1,661 $ (71 ) Total held-to-maturity securities $ 1,661 $ (71 ) $ — $ — $ 1,661 $ (71 ) December 31, 2020 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 (Dollars in thousands) Available-for-Sale Securities: Corporate Bonds $ 1,717 $ (13 ) $ — $ — $ 1,717 $ (13 ) Mortgage-Backed FHLMC Certificates 3,196 (5 ) — — 3,196 (5 ) Total available-for-sale securities $ 4,913 $ (18 ) $ — $ — $ 4,913 $ (18 ) Held-to-Maturity Securities: FHLMC Certificates $ 1,722 $ (21 ) $ — $ — $ 1,722 $ (21 ) Total held-to-maturity securities $ 1,722 $ (21 ) $ — $ — $ 1,722 $ (21 ) The Company’s investment portfolio had twelve and eight available-for-sale securities at March 31, 2021 and December 31, 2020, respectively, and one held-to-maturity security at March 31, 2021 and December 31, 2020. At March 31, 2021 and December 31, 2020, the Company had five and three available-for-sale securities, respectively , and 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. Note 4. Available-for-Sale Securities (Continued) The following is a summary of maturities of securities at March 31, 2021 and December 31, 2020. 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, 2021 Amortized Fair Cost Value (Dollars in thousands) Available-for-Sale Securities: U.S. Government Bonds: Amounts maturing: Three months or less $ — $ — After three months through one year — — After one year through five years 2,978 2,988 More than five years through ten years — — 2,978 2,988 Corporate Bonds: Amounts maturing: Three months or less $ — $ — After three months through one year — — After one year through five years 2,656 2,715 More than five years through ten years 10,752 10,842 13,408 13,557 Mortgage-Backed Securities 14,446 14,384 Total available-for-sale securities $ 30,832 $ 30,929 Held-to-Maturity Securities: FHLMC Certificates $ 1,732 $ 1,661 Total held-to-maturity securities $ 1,732 $ 1,661 December 31, 2020 Amortized Fair Cost Value (Dollars in thousands) Available-for-Sale Securities: Corporate Bonds: Amounts maturing: Three months or less $ — $ — After three months through one year — — After one year through five years 2,651 2,728 More than five years through ten years 7,730 7,735 10,381 10,463 Mortgage-Backed Securities 6,970 7,035 Total available-for-sale securities $ 17,351 $ 17,498 Held-to-Maturity Securities: FHLMC Certificates $ 1,743 $ 1,722 Total held-to-maturity securities $ 1,743 $ 1,722 There were no securities pledged at March 31, 2021 and December 31, 2020. The held-to-maturity securities held at March 31, 2021 and December 31, 2020 will mature on October 1, 2050.

Loans Receivable and Allowance

Loans Receivable and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
Loans Receivable and Allowance for Loan Losses	Note 5 . Loans Receivable and Allowance for Loan Losses Loans receivable at March 31, 2021 and December 31, 2020 are summarized as follows: March 31, December 31, 2021 2020 (Dollars in thousands) Mortgage loans: 1-4 Family residential Investor-Owned $ 317,895 $ 319,596 Owner-Occupied 99,985 98,795 Multifamily residential 315,078 307,411 Nonresidential properties 215,340 218,929 Construction and land 119,339 105,858 Nonmortgage loans: Business loans (1) 142,135 94,947 Consumer loans (2) 36,706 26,517 1,246,478 1,172,053 Net deferred loan origination costs (512 ) 1,457 Allowance for loan losses (15,508 ) (14,870 ) Loans receivable, net $ 1,230,458 $ 1,158,640 (1) As of March 31, 2021 and December 31, 2020, business loans include $132.5 million and $85.3 million, respectively, of Paycheck Protection Program (“PPP”) loans. (2) As of March 31, 2021 and December 31, 2020, consumer loans include $35.9 million and $25.5 million, respectively, related to Grain Technologies, LLC (“Grain”). Refer to Management’s Discussion and Analysis of Financial Conditions and Results of Operations for further discussion on Grain. The Company’s lending activities are conducted principally in metropolitan 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 or on an unsecured basis. Real estate is the primary form of collateral. Other important forms of collateral are time deposits and marketable securities. The Company had received U.S. Small Business Administration (“SBA”) approval and originated 1,992 PPP loans of which 1,708 loans totaling $132.5 million were outstanding at March 31, 2021. Loans under the PPP that meet SBA requirements may be forgiven in certain circumstances and are 100% guaranteed by the SBA. PPP loans have either a two-year or five-year term, provide for fees of up to 5% of the loan amount and earn interest at an annual rate of 1%. 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. Note 5. Loans Receivable and Allowance for Loan Losses (Continued) 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. • 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, 2021 and December 31, 2020: March 31, 2021 Mortgage Loans Nonmortgage Loans Construction Total 1-4 Family Multifamily Nonresidential and Land Business Consumer Loans (Dollars in thousands) Risk Rating: Pass $ 406,662 $ 308,716 $ 210,310 $ 112,689 $ 142,135 $ 36,706 $ 1,217,218 Special mention 2,316 — — 6,650 — — 8,966 Substandard 8,902 6,362 5,030 — — — 20,294 Total $ 417,880 $ 315,078 $ 215,340 $ 119,339 $ 142,135 $ 36,706 $ 1,246,478 December 31, 2020 Mortgage Loans Nonmortgage Loans Construction Total 1-4 Family Multifamily Nonresidential and Land Business Consumer Loans (Dollars in thousands) Risk Rating: Pass $ 406,993 $ 301,015 $ 213,882 $ 88,645 $ 94,947 $ 26,517 $ 1,131,999 Special mention 2,333 — — 17,213 — — 19,546 Substandard 9,065 6,396 5,047 — — — 20,508 Total $ 418,391 $ 307,411 $ 218,929 $ 105,858 $ 94,947 $ 26,517 $ 1,172,053 Note 5. Loans Receivable and Allowance for Loan Losses (Continued) An aging analysis of loans, as of March 31, 2021 and December 31, 2020, is as follows: March 31, 2021 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 (Dollars in thousands) Mortgage loans: 1-4 Family residential Investor-Owned $ 311,271 $ 4,739 $ — $ 1,885 $ 317,895 $ 3,153 $ — Owner-Occupied 97,327 380 818 1,460 99,985 3,780 — Multifamily residential 314,132 — — 946 315,078 946 — Nonresidential properties 212,059 — — 3,281 215,340 4,422 — Construction and land 119,339 — — — 119,339 — — Nonmortgage loans: Business 141,635 500 — — 142,135 — — Consumer 32,419 2,310 735 1,242 36,706 — — Total $ 1,228,182 $ 7,929 $ 1,553 $ 8,814 $ 1,246,478 $ 12,301 $ — December 31, 2020 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 (Dollars in thousands) Mortgage loans: 1-4 Family residential Investor-Owned $ 313,960 $ 2,222 $ 1,507 $ 1,907 $ 319,596 $ 3,058 $ — Owner-Occupied 95,775 1,572 348 1,100 98,795 3,250 — Multifamily residential 305,325 1,140 — 946 307,411 946 — Nonresidential properties 215,657 — — 3,272 218,929 4,429 — Construction and land 105,858 — — — 105,858 — — Nonmortgage loans: Business 94,847 100 — — 94,947 — — Consumer 25,529 497 316 175 26,517 — — Total $ 1,156,951 $ 5,531 $ 2,171 $ 7,400 $ 1,172,053 $ 11,683 $ — Note 5. 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, 2021 and 2020, and December 31, 2020: For the Three Months Ended March 31, 2021 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 (Dollars in thousands) Allowance for loan losses: Balance, beginning of period $ 3,850 $ 1,260 $ 5,214 $ 2,194 $ 1,820 $ 254 $ 278 $ 14,870 Provision charged to expense (6 ) 14 226 (10 ) 107 (10 ) 365 686 Losses charged-off — — — — — (50 ) (50 ) Recoveries — — — — — 2 — 2 Balance, end of period $ 3,844 $ 1,274 $ 5,440 $ 2,184 $ 1,927 $ 246 $ 593 $ 15,508 Ending balance: individually evaluated for impairment $ 116 $ 127 $ — $ 41 $ — $ — $ — $ 284 Ending balance: collectively evaluated for impairment 3,728 1,147 5,440 2,143 1,927 246 593 15,224 Total $ 3,844 $ 1,274 $ 5,440 $ 2,184 $ 1,927 $ 246 $ 593 $ 15,508 Loans: Ending balance: individually evaluated for impairment $ 6,515 $ 6,247 $ 946 $ 5,171 $ — $ — $ — $ 18,879 Ending balance: collectively evaluated for impairment 311,380 93,738 314,132 210,169 119,339 142,135 36,706 1,227,599 Total $ 317,895 $ 99,985 $ 315,078 $ 215,340 $ 119,339 $ 142,135 $ 36,706 $ 1,246,478 Note 5. Loans Receivable and Allowance for Loan Losses (Continued) 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 (Dollars in thousands) 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 5. Loans Receivable and Allowance for Loan Losses (Continued) For the Year Ended December 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 (Dollars in thousands) Allowance for loan losses: Balance, beginning of year $ 3,503 $ 1,067 $ 3,865 $ 1,849 $ 1,782 $ 254 $ 9 $ 12,329 Provision charged to expense 347 193 1,349 341 38 (95 ) 270 2,443 Losses charged-off — — — — — — (6 ) (6 ) Recoveries — — — 4 — 95 5 104 Balance, end of year $ 3,850 $ 1,260 $ 5,214 $ 2,194 $ 1,820 $ 254 $ 278 $ 14,870 Ending balance: individually evaluated for impairment $ 118 $ 134 $ — $ 40 $ — $ — $ — $ 292 Ending balance: collectively evaluated for impairment 3,732 1,126 5,214 2,154 1,820 254 278 14,578 Total $ 3,850 $ 1,260 $ 5,214 $ 2,194 $ 1,820 $ 254 $ 278 $ 14,870 Loans: Ending balance: individually evaluated for impairment $ 7,468 $ 5,754 $ 946 $ 5,184 $ — $ — $ — $ 19,352 Ending balance: collectively evaluated for impairment 312,128 93,041 306,465 213,745 105,858 94,947 26,517 1,152,701 Total $ 319,596 $ 98,795 $ 307,411 $ 218,929 $ 105,858 $ 94,947 $ 26,517 $ 1,172,053 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 5. 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, 2021 and 2020 and for the year ended December 31, 2020: 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, 2021 Balance Allowance Allowance Investment Allowance Investment on a Cash Basis (Dollars in thousands) Mortgage loans: 1-4 Family residential $ 13,636 $ 10,302 $ 2,460 $ 12,762 $ 243 $ 12,325 $ 64 Multifamily residential 946 946 — 946 — 420 — Nonresidential properties 5,627 4,803 368 5,171 41 5,351 8 Construction and land — — — — 188 — Nonmortgage loans: Business — — — — — 2 — Consumer — — — — — — — Total $ 20,209 $ 16,051 $ 2,828 $ 18,879 $ 284 $ 18,286 $ 72 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 (Dollars in thousands) 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 December 31, 2020 Balance Allowance Allowance Investment Allowance Investment on a Cash Basis (Dollars in thousands) Mortgage loans: 1-4 Family residential $ 14,118 $ 10,613 $ 2,609 $ 13,222 $ 252 $ 12,306 $ 321 Multifamily residential 946 946 — 946 — 231 34 Nonresidential properties 5,632 4,813 371 5,184 40 5,339 33 Construction and land — — — — — 405 — Nonmortgage loans: Business — — — — — 8 — Consumer — — — — — — — Total $ 20,696 $ 16,372 $ 2,980 $ 19,352 $ 292 $ 18,289 $ 388 Note 5 . 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, 2021, and for the year ended December 31, 2020, there were no loans restructured as a troubled debt restructuring. At March 31, 2021 and December 31, 2020, there were 32 troubled debt restructured loans totaling $9.7 million of which $6.6 million 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 $284,000 and $292,000 at March 31, 2021 and December 31, 2020, respectively. At March 31, 2021 and at December 31, 2020, 26 loans and 70 loans related to Mortgage World in the amount of $13.7 million and $34.4 million, respectively, were held for sale and accounted for under the fair value option accounting guidance for financial assets and financial liabilities. At December 31, 2020, there was one loan in the amount of $1.0 million held for sale related to the Bank. Refer to Note 13 Fair Value for additional information. Loan modifications and payment deferrals as a result of the COVID-19 pandemic that meet the criteria established under Section 4013 of the CARES Act or under applicable interagency guidance of the federal banking regulators are excluded from evaluation of TDR classification and will continue to be reported as current during the payment deferral period. The Company’s policy is to continue to accrue interest during the deferral period. Loans that do not meet the CARES Act or regulatory guidance criteria are evaluated for TDR and non-accrual treatment under the Company’s existing policies and procedures.

Premises and Equipment

Premises and Equipment	3 Months Ended
	Mar. 31, 2021
Property Plant And Equipment [Abstract]
Premises and Equipment	Note 6. Premises and Equipment Premises and equipment at March 31, 2021 and December 31, 2020 are summarized as follows: March 31, December 31, 2021 2020 (Dollars in thousands) Land $ 3,645 $ 3,897 Buildings and improvements 20,181 17,119 Leasehold improvements 23,976 26,104 Furniture, fixtures and equipment 9,295 9,184 57,097 56,304 Less: accumulated depreciation and amortization (23,472 ) (24,259 ) Total premises and equipment $ 33,625 $ 32,045 Depreciation and amortization expense amounted to $603,211 and $602,267 for the three months ended March 31, 2021 and 2020, respectively, and are included in occupancy and equipment in the accompanying consolidated statements of operations. Compared to December 31, 2020, buildings and improvements increased by $3.1 million to $20.2 million as a result of $3.2 million related to a new building and $367,000 of new improvements offset by $538,000 as a result of sale of real property. Leasehold improvements decreased by $2.1 million to $24.0 million due to the sale of real property. Land decreased by $252,000 to $3.6 million as a result of sale of real property. Furniture, fixtures and equipment increased by $111,000 to $9.3 million primarily as a result of renovations of premises.

Deposits

Deposits	3 Months Ended
	Mar. 31, 2021
Banking And Thrifts [Abstract]
Deposits	Note 7 . Deposits Deposits at March 31, 2021 and December 31, 2020 are summarized as follows: March 31, December 31, 2021 2020 (Dollars in thousands) Demand (1) $ 242,255 $ 189,855 Interest-bearing deposits: NOW/IOLA accounts 32,235 39,296 Money market accounts 157,271 136,258 Reciprocal deposits 137,402 131,363 Savings accounts 130,211 125,820 Total NOW, money market, reciprocal and savings 457,119 432,737 Certificates of deposit of $250K or more 77,418 78,435 Brokered certificates of deposits 86,004 52,678 Listing service deposits (2) 61,133 39,476 Certificates of deposit less than $250K 214,617 236,398 Total certificates of deposit 439,172 406,987 Total interest-bearing deposits 896,291 839,724 Total deposits $ 1,138,546 $ 1,029,579 (1) As of March 31, 2021 and December 31, 2020, included in demand deposits are deposits related to net PPP funding. (2) A s of March 31, 2021 and December 31, 2020 Note 7. Deposits (Continued) At March 31, 2021 scheduled maturities of certificates of deposit were as follows: (Dollars in thousands) 2022 $ 250,430 2023 71,323 2024 28,812 2025 25,468 2026 59,139 Thereafter 4,000 $ 439,172 Overdrawn deposit accounts that have been reclassified to loans amounted to $61,556 and $101,715 as of March 31, 2021 and December 31, 2020, respectively.

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Borrowings	Note 8 . Borrowings FHLBNY Advances The Bank had $109.3 million of outstanding term advances from the FHLBNY at March 31, 2021 and December 31, 2020. The Bank repaid $8.0 million in advances from FHLBNY during the three months ended March 31, 2021. Additionally, the Bank had an unsecured line of credit in the amount of $25.0 million with a correspondent bank at March 31, 2021 and December 31, 2020, of which $0 were outstanding as of March 31, 2021 and December 31, 2020. The Bank also had a guarantee from the FHLBNY through letters of credit of up to $61.5 million at March 31, 2021 and at December 31, 2020. Borrowed funds at March 31, 2021 and December 31, 2020 consist of the following and are summarized by maturity and call date below: March 31, December 31, 2021 2020 Scheduled Maturity Redeemable at Call Date Weighted Average Rate Scheduled Maturity Redeemable at Call Date Weighted Average Rate (Dollars in thousands) Correspondent Bank Overnight line of credit advance $ — $ — — % $ 8,000 $ 8,000 0.34 % FHLBNY Term advances ending: 2021 3,000 3,000 1.84 3,000 3,000 1.84 2022 77,880 77,880 1.73 77,880 77,880 1.73 2023 28,375 28,375 2.82 28,375 28,375 2.82 $ 109,255 $ 109,255 2.02 $ 117,255 $ 117,255 1.90 % Interest expense on FHLBNY term advances totaled $543,671 and $581,259 for the three months ended March 31, 2021 and 2020, respectively. Interest expense on FHLBNY overnight advances totaled $308 As of March 31, 2021 and December 31, 2020, the Bank had eligible collateral of approximately $358.6 million and $336.8 million, respectively, in residential 1-4 family and multifamily mortgage loans available to secure advances from the FHLBNY. Note 8. Borrowings Warehouse Lines of Credit: Warehouse Line of Credit #1 The interest rate is based on the 30-day LIBOR rate plus 3.25%. The effective rate at March 31, 2021 was 3.44%. The line of credit is an evergreen agreement that terminates upon request by either the financial institution or the borrower. Warehouse Line of Credit #2 The interest rate is based on the 30-day LIBOR rate plus 3.00% for loans funded by wires. The effective rate at March 31, 2021 was 3.19%. The warehouse line of credit is due to expire on June 30, 2021. Total interest expense on warehouse lines of credit totaled $139,873 for the three months ended March 31, 2021. As of March 31, 2021 Credit Line Unused Line Maximum of Credit Balance (Dollars in thousands) Warehouse Line of Credit #1 $ 20,000 $ 11,432 $ 8,568 Warehouse Line of Credit #2 5,000 1,904 3,096 Total long-term debt $ 25,000 $ 13,336 $ 11,664 As of December 31, 2020 Credit Line Unused Line Maximum of Credit Balance (Dollars in thousands) Warehouse Line of Credit #1 $ 29,900 $ 2,171 $ 27,729 Warehouse Line of Credit #2 5,000 $ 2,768 $ 2,232 Total long-term debt $ 34,900 $ 4,939 $ 29,961 Mortgage Loan Funding Payable:

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Note 9 . Income Taxes The provision (benefit) for income taxes for the three months ended March 31, 2021 and 2020 consists of the following: For the Three Months Ended March 31, 2021 2020 (Dollars in thousands) Federal: Current $ 560 $ 158 Deferred 36 (276 ) 596 (118 ) State and local: Current 68 58 Deferred 310 (690 ) 378 (632 ) Valuation allowance (242 ) 541 Provision (benefit) for income taxes $ 732 $ (209 ) 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, 2021 and 2020, respectively, to income before income taxes as a result of the following: For the Three Months Ended March 31, 2021 2020 (Dollars in thousands) Income tax, at federal rate $ 669 $ (299 ) State and local tax, net of federal taxes 299 (500 ) Valuation allowance, net of the federal benefit (242 ) 541 Other 6 49 $ 732 $ (209 ) 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 be utilized to reduce the Company's tax liability in future years. The valuation allowance decreased by $242,000 for the three months ended March 31, 2021 and increased by $541,000 for the three months ended March 31, 2020. Note 9. Income Taxes (Continued) 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. For federal income tax purposes, a financial institution may carry net operating losses (“NOL”) to forward tax years indefinitely. The use of NOL to offset income is limited to 80%. The CARES Act allows NOLs generated in 2018, 2019 and 2020 to be carried back to each of the five preceding tax years. The Company did not generate NOLs in 2018, 2019 or 2020 so no carryback is available. At March 31, 2021, the Company had no The state and city of New York allow for a three-year carryback period and carryforward period of twenty years on net operating losses generated on or after tax year 2015. For tax years prior to 2015, no carryback period is allowed. Ponce De Leon Federal Bank, the predecessor of Ponce Bank, has pre-2015 carryforwards of $772,000 for New York State purposes and $528,000 for New York City purposes. Furthermore, there are post-2015 carryforwards available of $36.0 million At March 31, 2021 and December 31, 2020, the Company had no unrecognized tax benefits recorded. 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, Connecticut income tax, New Jersey income tax, Florida income tax, Pennsylvania income tax and New York City income tax. The Company is no longer subject to examination by taxing authorities for years before 2017. On March 27, 2020, the CARES Act was signed 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. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at March 31, 2021 and December 31, 2020 are presented below: March 31, December 31, 2021 2020 (Dollars in thousands) Deferred tax assets: Allowance for loan losses $ 5,054 $ 4,846 Deferred loan fees 167 — Interest on nonaccrual loans 711 792 Amortization of intangible assets 65 70 Deferred rent payable 124 120 Depreciation of premises and equipment — 79 Net operating losses 3,802 3,990 Charitable contribution carryforward 1,273 1,366 Compensation and benefits 483 326 Other 69 78 Total gross deferred tax assets 11,748 11,667 Deferred tax liabilities: Depreciation of premises and equipment 903 — Deferred loan fees — 475 Unrealized gain on available-for-sale securities 8 25 Other 38 39 Total gross deferred tax liabilities 949 539 Valuation allowance 6,230 6,472 Net deferred tax assets $ 4,569 $ 4,656

Compensation and Benefit Plans

Compensation and Benefit Plans	3 Months Ended
	Mar. 31, 2021
Compensation And Retirement Disclosure [Abstract]
Compensation and Benefit Plans	Note 10 . Compensation and Benefit Plans 401(k) Provisions Prior to January 1, 2021, the Company provided 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 operations amounted to $86,555 and $267,067 for the three months ended March 31, 2021 and 2020, respectively. Effective January 1, 2021, the Company amended and restated its ESOP into a KSOP, Employee Stock Ownership Plan with 401(k) Provision, to include substantially the same 401(k) provisions contained in the previously separate 401(k) plan. The Company made a safe harbor contribution of 3% into the 401(k) Plan. There were no changes to the provisions of the previously separately formed ESOP as discussed below. KSOP, Employee Stock Ownership Plan with 401 (k) Provisions: In connection with the reorganization, the Company established an ESOP for the exclusive benefit of eligible employees. The ESOP borrowed $7.2 million 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. 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 11). A summary of the ESOP shares as of March 31, 2021 and December 31, 2020 are as follows: March 31, 2021 December 31, 2020 (Dollars in thousands except share data) Shares committed-to-be released 12,063 48,250 Shares allocated to participants 177,520 129,270 Unallocated shares 518,688 530,751 Total 708,271 708,271 Fair value of unallocated shares $ 5,763 $ 5,578 The Company recognized ESOP related compensation expense, including ESOP equalization expense, of $156,853 Supplemental Executive Retirement Plan: The Bank maintains a non-qualified supplemental executive retirement plan (“SERP”) for the benefit of one key executive officer. The SERP expense recognized for the three months ended March 31, 2021 and 2020 was $15,125. Note 10. Compensation and Benefit Plans (Continued) 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 and 45,000 awards of stock options into 15,000 restricted stock units in 2020. 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, 322,254 restricted stock units to executive officers, 40,000 restricted stock units to non-executive officers and 148,625 restricted stock units to outside directors. During the year ended December 31, 2020, the Company awarded 40,000 incentive options and 15,000 restricted stock units to non-executive officers under the 2018 Incentive Plan. 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, 2021 and December 31, 2020, the maximum number of stock options and SARs remaining to be awarded under the Incentive Plan was 189,476 for both periods. As of March 31, 2021 and December 31, 2020, 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 none, 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 63,159 as of March 31, 2021 and December 31, 2020, but would eliminate the availability of stock options and SARs available for award. 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. Note 10. Compensation and Benefit Plans (Continued) A summary of the Company’s restricted stock unit awards activity and related information for the three months ended March 31, 2021 and year ended December 31, 2020 are as follows: March 31, 2021 Number of Shares Weighted- Average Grant Date Fair Value Per Share Non-vested, beginning of year 335,919 $ 12.66 Granted — — Forfeited — — Vested — — Non-vested at March 31 335,919 $ 12.66 December 31, 2020 Number of Shares Weighted- Average Grant Date Fair Value Per Share Non-vested, beginning of year 420,744 $ 12.78 Granted 15,000 10.05 Forfeited (3,000 ) 12.77 Vested (96,825 ) 12.77 Non-vested at December 31 335,919 $ 12.66 Compensation expense related to restricted stock units was $318,265 and $323,620 for the three months ended March 31, 2021 and 2020, respectively. As of March 31, 2021, the total remaining unrecognized compensation cost related to restricted stock units was $3.8 million, which is expected to be recognized over the next 27 quarters. A summary of the Company’s stock option awards activity and related information for the three months ended March 31, 2021 and year ended December 31, 2020 are as follows: March 31, 2021 Options Weighted- Average Exercise Price Per Share Outstanding, beginning of year 203,766 $ 12.02 Granted — — Exercised — — Forfeited — — Outstanding at March 31 (1) 203,766 $ 12.02 Exercisable at March 31 (1) 55,938 $ 12.77 Note 10. Compensation and Benefit Plans (Continued) December 31, 2020 Options Weighted- Average Exercise Price Per Share Outstanding, beginning of year 163,766 $ 12.77 Granted 40,000 8.93 Exercised — — Forfeited — — Outstanding at December 31 (1) 203,766 $ 12.02 Exercisable at December 31 (1) 55,938 $ 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 for outstanding options and $0 for exercisable options at March 31, 2021 and December 31, 2020. The weighted-average exercise price for the options as of March 31, 2021 was $12.02 per share and the weighted average remaining contractual life is 7.6 years. The weighted average period over which compensation expenses are expected to be recognized is 4.5 years. There were 55,938 shares exercisable as of March 31, 2021 and December 31, 2020. Total compensation cost related to stock options recognized was $33,088 and $28,712 for the three months ended March 31, 2021 and 2020, respectively. As of March 31, 2021, the total remaining unrecognized compensation cost related to unvested stock options was $453,664, which is expected to be recognized over the next 27 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, 2021 2020 Dividend yield 0.00 % 0.00 % Expected life 6.5 years 6.5 years Expected volatility 38.51 % 16.94 % Risk-free interest rate 0.48 % 2.51 % Weighted average grant date fair value $ 3.77 $ 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 authorized 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 authorized 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 second share repurchase program was terminated on March 27, 2020 in response to the uncertainty related to the unfolding COVID-19 pandemic. On June 1, 2020, the Company adopted a third share repurchase program. Under this third program, the Company was authorized to repurchase up to 864,987 shares of the Company’s stock, or approximately 5% of the Company’s then current issued and outstanding shares. The Company’s third share repurchase program expired on November 30, 2020. On December 14, 2020, the Company adopted a fourth share repurchase program. Under this fourth program, the Company is authorized to repurchase up to 852,302 shares of the Company’s stock, or approximately 5% of the Company’s then current issued and outstanding shares. The fourth repurchase program may be suspended or terminated at any time without prior notice, and it will expire no later than June 13, 2021. As of March 31, 2021, the Company had repurchased a total of 1,631,570

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share	Note 1 1 . Earnings Per Share The following table presents a reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share: For the Three Months Ended March 31, 2021 2020 (Dollars in thousands except share data) Net income (loss) $ 2,452 $ (1,213 ) Common shares outstanding for basic EPS: Weighted average common shares outstanding 17,078,813 17,379,406 Less: Weighted average unallocated Employee Stock Ownership Plan (ESOP) shares 530,617 578,868 Basic weighted average common shares outstanding 16,548,196 16,800,538 Basic earnings (loss) per common share $ 0.15 $ (0.07 ) Dilutive potential common shares: Add: Dilutive effect of restricted stock awards and stock options — — Diluted weighted average common shares outstanding 16,548,196 16,800,538 Diluted earnings (loss) per common share $ 0.15 $ (0.07 )

Commitments, Contingencies and

Commitments, Contingencies and Credit Risk	3 Months Ended
	Mar. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments, Contingencies and Credit Risk	Note 1 2 . 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, 2021 and December 31, 2020 are as follows: March 31, December 31, 2021 2020 (Dollars in thousands) Commitments to grant mortgage loans $ 119,866 $ 101,722 Commitments to sell loans at lock-in rates 5,995 11,276 Unfunded commitments under lines of credit 38,392 38,261 $ 164,253 $ 151,259 Commitments to Grant Mortgage Loans Note 12. Commitments, Contingencies and Credit Risk (Continued) Commitments to Sell Loans at Lock-in Rates: Repurchases, Indemnifications and Premium Recaptures Unfunded Commitments Under Lines of Credit Letters of Credit Concentration by Geographic Location Loan Concentrations Lease Commitments During the period, the Company entered into a sale-leaseback transaction for a real property with an initial fifteen-year lease agreement at an initial base annual rent of approximately $145,000 subject to annual rent increases of 1.5%. The sale lease-back resulted in a gain of approximately $662,546, net of expenses, which is included in other non-interest income in the accompanying consolidated statements of operations. Under the lease agreement, the Bank has four (4) consecutive options to extend the term of the lease by five (5) years for each such option. Rental expenses under operating leases, included in occupancy and equipment, totaled $503,240 and $128,642 for the three months ended March 31, 2021 and 2020, respectively. The projected minimum rental payments under the terms of the leases at March 31, 2021 are as follows: (Dollars in thousands) Remainder of 2021 $ 1,258 2022 1,574 2023 1,526 2024 1,512 2025 1,433 2026 1,170 Thereafter 4,722 $ 13,195 Legal Matters

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value	Note 13 . 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. 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, Placements with Banks, Accrued Interest Receivable, Advance Payments by Borrowers for Taxes and Insurance, and Accrued Interest Payable Available-for-Sale Securities FHLBNY Stock Loans Receivable Mortgage Loans Held for Sale Under the fair value option, management has elected, on an instrument-by-instrument basis, fair value for substantially all forms of mortgage loans originated for sale on a recurring basis. The fair value carrying amount of mortgages held for sale measured under the fair value option was $13.7 million Interest Rate Lock Commitments Note 13. Fair Value (Continued) The FASB determined that loan commitments related to the origination or acquisition of mortgage loans that will be held for sale must be accounted for as derivative instruments. Such commitments, along with any related fees received from potential borrowers, are recorded at fair value in derivative assets or liabilities, with changes in fair value recorded in net gain or loss on sale of mortgage loans. Fair value is based on active market pricing for substantially similar underlying mortgage loans commonly referred to as best execution pricing or investment commitment pricing, if the loan is committed to an investor through a best efforts contract. In valuing interest rate lock commitments, there are several unobservable inputs such as the fair value of the mortgage servicing rights, estimated remaining cost to originate the loans, and the pull through rate of the open pipeline. Accordingly, such derivative is classified as Level 3. The approximate notional amounts of Mortgage World’s derivative instruments were $6.0 million and $11.3 million at March 31, 2021 and December 31, 2020, respectively. The fair value of derivatives related to interest rate lock commitments not subject to a forward loan sale commitment, amounted to $59,000 and $166,000 as of March 31, 2021 and December 31, 2020 and is included in other assets on the consolidated statements of financial position. The table below presents the changes in derivatives from interest rate lock commitments that are measured at fair value on a recurring basis: (Dollars in thousands) Balance as of December 31, 2020 $ 166 Change in fair value of derivative instrument reported in earnings (107 ) Balance as of March 31, 2021 $ 59 Other Real Estate Owned Deposits FHLBNY Advances Warehouse Lines of Credit Off-Balance-Sheet Instruments Fair values for off-balance-sheet instruments (lending commitments Note 13. 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, 2021 and December 31, 2020, and indicate the level within the fair value hierarchy utilized to determine the fair value: March 31, 2021 Description Total Level 1 Level 2 Level 3 (Dollars in thousands) Available-for-Sale Securities, at fair value: U.S. Government Bonds $ 2,988 $ — $ 2,988 $ — Corporate bonds 13,557 — 13,557 — Mortgage-Backed Securities: Collateralized Mortgage Obligations 6,975 — 6,975 — FNMA Certificates 7,161 — 7,161 — GNMA Certificates 248 — 248 — Mortgage Loans Held for Sale, at fair value 13,725 — 13,725 — Derivatives from interest rate lock commitments 59 — — 59 $ 44,713 $ — $ 44,654 $ 59 December 31, 2020 Description Total Level 1 Level 2 Level 3 (Dollars in thousands) Available-for-Sale Securities: Corporate bonds $ 10,463 $ — $ 10,463 $ — Mortgage-Backed Securities: FHLMC Certificates 3,196 — 3,196 — FNMA Certificates 3,567 — 3,567 — GNMA Certificates 272 — 272 — Mortgage Loans Held for Sale, at fair value 35,406 — 35,406 — Derivatives from interest rate lock commitments 166 — — 166 $ 53,070 $ — $ 52,904 $ 166 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, 2021 and December 31, 2020 and indicate the fair value hierarchy utilized to determine the fair value: March 31, 2021 Total Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans $ 18,879 $ — $ — $ 18,879 December 31, 2020 Total Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans $ 19,352 $ — $ — $ 19,352 Losses on assets carried at fair value on a nonrecurring basis were de minimis Note 13. Fair Value (Continued) As of March 31, 2021 and December 31, 2020, the carrying values 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 (Dollars in thousands) March 31, 2021 Financial assets: Cash and cash equivalents $ 90,122 $ 90,122 $ — $ — $ 90,122 Available-for-sale securities, at fair value 30,929 — 30,929 — 30,929 Held-to-maturity securities, at amortized costs 1,732 — 1,661 — 1,661 Placements with banks 2,739 — 2,739 — 2,739 Mortgage loans held for sale, at fair value 13,725 — 13,725 — 13,725 Loans receivable, net 1,230,458 — — 1,244,854 1,244,854 Accrued interest receivable 12,547 — 12,547 — 12,547 FHLBNY stock 6,057 6,057 — — 6,057 Financial liabilities: Deposits: Demand deposits 242,255 242,255 — — 242,255 Interest-bearing deposits 457,119 457,119 — — 457,119 Certificates of deposit 439,172 — 445,260 — 445,260 Advance payments by borrowers for taxes and insurance 9,264 — 9,264 — 9,264 Advances from FHLBNY 109,255 — 111,123 — 111,123 Warehouse lines of credit 11,664 — 11,664 — 11,664 Mortgage loan fundings payable 676 — 676 — 676 Accrued interest payable 66 — 66 — 66 Note 13. Fair Value (Continued) Carrying Fair Value Measurements Amount Level 1 Level 2 Level 3 Total (Dollars in thousands) December 31, 2020 Financial assets: Cash and cash equivalents $ 72,078 $ 72,078 $ — $ — $ 72,078 Available-for-sale securities, at fair value 17,498 — 17,498 — 17,498 Held-to-maturity securities, at amortized costs 1,743 — 1,722 — 1,722 Placements with banks 2,739 — 2,739 — 2,739 Mortgage loans held for sale, at fair value 35,406 — 35,406 35,406 Loans receivable, net 1,158,640 — — 1,182,971 1,182,971 Accrued interest receivable 11,396 — 11,396 — 11,396 FHLBNY stock 6,426 6,426 — — 6,426 Financial liabilities: Deposits: Demand deposits 189,855 189,855 — — 189,855 Interest-bearing deposits 432,737 432,737 — — 432,737 Certificates of deposit 406,987 — 411,742 — 411,742 Advance payments by borrowers for taxes and insurance 7,019 — 7,019 — 7,019 Advances from FHLBNY 117,255 — 119,248 — 119,248 Warehouse lines of credit 29,961 — 29,961 — 29,961 Mortgage loan fundings payable 1,483 — 1,483 — 1,483 Accrued interest payable 60 — 60 — 60 Off-Balance-Sheet Instruments 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 2021 and 2020 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.

Regulatory Capital Requirements

Regulatory Capital Requirements	3 Months Ended
	Mar. 31, 2021
Disclosure Of Regulatory Capital Requirements [Abstract]
Regulatory Capital Requirements	Note 1 4 . Regulatory Capital Requirements The Company, the Bank and Mortgage World are subject to various regulatory capital requirements administered by the Federal Reserve Board, the OCC, the U.S. Department of Housing and Urban Development, and the NYS Department of Financial Services, 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, 2021 and December 31, 2020, all applicable capital adequacy requirements have been met. Note 14. Regulatory Capital Requirements (Continued) 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 to 2.5% by 2019. The applicable capital buffer was 7.8% at March 31, 2021 and 7.95% at December 31, 2020. 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, 2021 and December 31, 2020 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 (Dollars in thousands) March 31, 2021 PDL Community Bancorp Total Capital to Risk-Weighted Assets $ 173,715 17.37 % $ 79,996 8.00% $ 99,995 10.00 % Tier 1 Capital to Risk-Weighted Assets 161,176 16.12 % 59,997 6.00% 79,996 8.00 % Common Equity Tier 1 Capital Ratio 161,176 16.12 % 44,998 4.50% 64,996 6.50 % Tier 1 Capital to Total Assets 161,176 11.75 % 54,887 4.00% 68,609 5.00 % Ponce Bank Total Capital to Risk-Weighted Assets $ 157,325 15.80 % $ 79,677 8.00% $ 99,596 10.00 % Tier 1 Capital to Risk-Weighted Assets 144,836 14.54 % 59,757 6.00% 79,677 8.00 % Common Equity Tier 1 Capital Ratio 144,836 14.54 % 44,818 4.50% 64,737 6.50 % Tier 1 Capital to Total Assets 144,836 10.78 % 53,728 4.00% 67,160 5.00 % To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) December 31, 2020 PDL Community Bancorp Total Capital to Risk-Weighted Assets $ 171,578 17.68 % $ 77,644 8.00 % $ 97,055 10.00 % Tier 1 Capital to Risk-Weighted Assets 159,410 16.42 % 58,233 6.00 % 77,644 8.00 % Common Equity Tier 1 Capital Ratio 159,410 16.42 % 43,675 4.50 % 63,086 6.50 % Tier 1 Capital to Total Assets 159,410 13.34 % 47,814 4.00 % 59,768 5.00 % Ponce Bank Total Capital to Risk-Weighted Assets $ 153,951 15.95 % $ 77,213 8.00 % $ 96,516 10.00 % Tier 1 Capital to Risk-Weighted Assets 141,850 14.70 % 57,909 6.00 % 77,213 8.00 % Common Equity Tier 1 Capital Ratio 141,850 14.70 % 43,432 4.50 % 62,735 6.50 % Tier 1 Capital to Total Assets 141,850 11.19 % 50,715 4.00 % 63,394 5.00 % Mortgage World is subject to various net worth requirements in connection with regulatory authorities and lending agreements that Mortgage World has entered with purchase facility lenders. Failure to maintain minimum capital requirements could result in Mortgage World’s inability to originate and service loans, and, therefore, could have a direct material effect on the Company’s consolidated financial statements. Note 14. Regulatory Capital Requirements (Continued) Mortgage World’s minimum net worth requirements as of March 31, 2021 and December 31, 2020 are reflected below: Minimum Requirement (Dollars in thousands) HUD $ 1,000 New York Department of Financial Services 250 Other State Banking Departments 250 As of March 31, 2021 and December 31, 2020, Mortgage World is in compliance with all minimum capital requirements.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Accumulated Other Comprehensive Income	Note 1 5 . Accumulated Other Comprehensive Income The components of accumulated other comprehensive income are as follows: March 31, 2021 December 31, 2020 Change March 31, 2020 (Dollars in thousands) Unrealized gains on available-for-sale securities, net $ 135 $ (107 ) $ 28 Total $ 135 $ (107 ) $ 28 December 31, 2020 December 31, 2019 Change December 31, 2020 (Dollars in thousands) Unrealized gains (losses) on available-for-sale securities, net $ 20 $ 115 $ 135 Total $ 20 $ 115 $ 135

Transactions with Related Parti

Transactions with Related Parties	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
Transactions with Related Parties	Note 16. Transactions w Directors, executive officers and non-executive 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, 2021 and 2020 were as follows: For the Three Months Ended March 31, 2021 2020 (Dollars in thousands) Beginning balance $ 424 $ 1,260 Originations 10 — Payments (10 ) (16 ) Ending balance $ 424 $ 1,244 The Company held deposits in the amount of $6.8 million and $6.9 million from directors, executive officers and non-executive officers at March 31, 2021 and December 31, 2020, respectively.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Segment Reporting	Note 17. S The Company has two reportable segments: Ponce Bank and Mortgage World. Income from Ponce Bank consists primarily of interest earned on loans and investment securities and service charges on deposit accounts. Income from Mortgage World consists primarily of taking of applications from the general public for residential mortgage loans, underwriting them to investors’ standards, closing and funding them and holding them until they are sold to investors. The accounting policies of the reportable segments are the same as those described in the summary of accounting policies. Segment profit and loss is measured by net income on a legal entity basis. Intercompany transactions are eliminated in consolidation. Note 17. Segment Reporting (Continued) Information about the reportable segments and reconciliation to the unaudited interim Consolidated Financial Statements at March 31, 2021 and 2020 and for the three months then ended is presented in the tables below. For the Three Months Ended March 31, 2021 Ponce Bank Mortgage World PDL Community Bancorp Eliminations Consolidated (Dollars in thousands) Interest and dividend income $ 15,027 $ 150 $ 41 $ (41 ) $ 15,177 Interest expense 2,186 140 — (41 ) 2,285 Net interest income 12,841 10 41 — 12,892 Provision for loan losses 686 — — — 686 Net interest income after provision for loan losses 12,155 10 41 — 12,206 Non-interest income: Service charges and fees 329 — — — 329 Brokerage commissions — 223 — — 223 Late and prepayment charges 244 — — — 244 Gain on sale of mortgage loans — 1,508 — — 1,508 Loan origination — 539 — — 539 Gain on sale of real property 663 — — — 663 Other 568 88 — (269 ) 387 Total non-interest income 1,804 2,358 — (269 ) 3,893 Non-interest expense: Compensation and benefits 4,072 1,241 351 — 5,664 Occupancy and equipment 2,498 122 14 — 2,634 Data processing expenses 581 13 — — 594 Direct loan expenses 462 547 — — 1,009 Insurance and surety bond premiums 146 — — — 146 Office supplies, telephone and postage 352 57 — — 409 Professional fees 777 244 381 (140 ) 1,262 Marketing and promotional expenses 29 9 — — 38 Directors fees 69 — — — 69 Regulatory dues 60 — — — 60 Other operating expenses 954 58 147 (129 ) 1,030 Total non-interest expense 10,000 2,291 893 (269 ) 12,915 Income (loss) before income taxes 3,959 77 (852 ) — 3,184 Provision for income taxes 1,105 40 (413 ) — 732 Equity in undistributed earnings of Ponce Bank and Mortgage World — — 2,891 (2,891 ) — Net income (loss) $ 2,854 $ 37 $ 2,452 $ (2,891 ) $ 2,452 Total assets at March 31, 2021 $ 1,414,832 $ 19,694 $ 161,463 $ (162,282 ) $ 1,433,707 Total assets at December 31, 2020 $ 1,315,287 $ 38,397 $ 159,811 $ (158,264 ) $ 1,355,231 Note 17. Segment Reporting (Continued) For the Three Months Ended March 31, 2020 Ponce Bank Mortgage World PDL Community Bancorp Eliminations Consolidated (Dollars in thousands) Interest and dividend income $ 13,030 $ — $ 68 $ (68 ) $ 13,030 Interest expense 3,174 — — (68 ) 3,106 Net interest income 9,856 — 68 — 9,924 Provision for loan losses 1,146 — — — 1,146 Net interest income after provision for loan losses 8,710 — 68 — 8,778 Non-interest income: Service charges and fees 248 — — — 248 Brokerage commissions 50 — — — 50 Late and prepayment charges 119 — — — 119 Gain on sale of mortgage loans — — — — — Loan origination — — — — — Gain on sale of real property — — — — — Other 333 — — (128 ) 205 Total non-interest income 750 — — (128 ) 622 Non-interest expense: Compensation and benefits 4,656 — 352 — 5,008 Occupancy and equipment 2,004 — 13 — 2,017 Data processing expenses 467 — — — 467 Direct loan expenses 212 — — — 212 Insurance and surety bond premiums 121 — — — 121 Office supplies, telephone and postage 316 — — — 316 Professional fees 1,277 — 350 — 1,627 Marketing and promotional expenses 234 — — — 234 Directors fees 69 — — — 69 Regulatory dues 46 — — — 46 Other operating expenses 692 — 141 (128 ) 705 Total non-interest expense 10,094 — 856 (128 ) 10,822 Loss before income taxes (634 ) — (788 ) — (1,422 ) Benefit for income taxes (58 ) — (151 ) — (209 ) Equity in undistributed earnings of Ponce Bank and Mortgage World — — (576 ) 576 — Net income (loss) $ (576 ) $ — $ (1,213 ) $ 576 $ (1,213 )

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Note 18. Subsequent Events In a privately negotiated transaction, the Company sold 348,739 shares of the Company’s treasury stock to Banc of America Strategic Investments Corporation.

Nature of Business and Summar_2

Nature of Business and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
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, 2020 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 subsidiaries Ponce Bank (the “Bank”) and Mortgage World Bankers, Inc. (“Mortgage World”), and the Bank’s wholly-owned subsidiaries. The Bank’s subsidiaries consist of PFS Service Corp., which owns one 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 Company is a financial holding company formed on September 29, 2017 in connection with the reorganization of the Bank into a mutual holding company structure. The Company is subject to the regulation and examination by the Board of Governors of the Federal Reserve. The Company’s business is conducted through the administrative office and 19 mortgage and banking offices. The banking offices are located in New York City – the Bronx (4 branches), Manhattan (2 branches), Queens (3 branches), Brooklyn (3 branches) and Union City (1 branch), New Jersey. The mortgage offices are located in Nassau County (1), Queens (2) and Brooklyn (1), New York and Englewood Cliffs (1) and Bergenfield (1), New Jersey. The Company’s primary market area currently consists of the New York City metropolitan area. 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. The Bank is a Minority Depository Institution, a Community Development Financial Institution, and a certified Small Business Administration lender. The Bank is subject to comprehensive regulation and examination by the Office of Comptroller of the Currency (the “OCC”). 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, 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. On July 10, 2020, the Company completed its acquisition of Mortgage World. Mortgage World is a mortgage banking entity subject to the regulation and examination of the New York State Department of Financial Services. The primary business of Mortgage World is the taking of applications from the general public for residential mortgage loans, underwriting them to investors’ standards, closing and funding them and holding them until they are sold to investors. Although Mortgage World is permitted to do business in various states (New York, New Jersey, Pennsylvania, Florida and Connecticut), it primarily operates in the New York City metropolitan area.
Risks and Uncertainties	Risks and Uncertainties: The COVID-19 pandemic continues to disrupt the global and U.S. economies and as well as the lives of individuals throughout the world. The New York City Metropolitan area continues to experience cases of the COVID-19 pandemic. Governments, businesses, and the public are taking unprecedented actions to contain the spread of the COVID-19 pandemic and to mitigate its effects, including vaccinations and quarantines and to certain extent limitation to travel. The financial impact of the COVID-19 pandemic is still unknown at this time. However, if the pandemic continues for a sustained period of time, it may continue to 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 its business operations, loan portfolio, financial condition, and results of operations. During the three months ended March 31, 2021, the provision for loan losses increased by $685,689 primarily due to increases in qualitative reserves as the Company continues to assess the economic impacts the COVID-19 pandemic has on its local economy and its loan portfolio. Therefore, there is a reasonable probability that the Company’s allowance for loan losses as of March 31, 2021 may change thereafter and could result in a material adverse change to the Company’s provision for loan losses, earnings and capital.
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 (loss), net of tax. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) 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 operations 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	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 interest method without anticipating prepayments. A loan is moved to nonaccrual status in accordance with the Company’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 Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) 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. When a loan is modified to troubled debt restructured, management evaluates for any possible impairment by using 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	Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Business Loans
Consumer Loans	Consumer Loans
Mortgage Loans Held for Sale	Mortgage Loans Held for Sale : Mortgage loans held for sale, at fair value, include residential mortgages that were originated in accordance with secondary market pricing and underwriting standards. These loans are originated by Mortgage World which the Company intends to sell on the secondary market. Mortgage loans held for sale are carried at fair value under the fair value option accounting guidance for financial assets and financial liabilities. The gains or losses for the changes in fair value of these loans are included in income on sale of mortgage loans on the consolidated statements of operations. Interest income on mortgage loans held for sale measured under the fair value option is calculated based on the principal amount of the loan and is included in interest on loans receivable on the consolidated statements of operations. The Bank loans held for sale are earmarked for investor purchase and are reported at the lower of cost or fair value as determined by investor bid prices. Sales of loans occur from time to time as part of strategic business or regulatory compliance initiatives. Bank loans held for sale are sold without recourse and servicing released. When a Bank loan is transferred from portfolio to held-for-sale and the fair value is less than cost, a charge-off is recorded against the allowance for loan losses. Subsequent declines in fair value, if any, are charged against earnings . Derivative Financial Instruments Additionally, to facilitate the sale of mortgage loans, Mortgage World may enter into forward sale positions on securities, and mandatory delivery positions. Exposure to losses or gains on these positions is limited to the net difference between the calculated amounts to be received and paid. As of March 31, 2021, the Company did not enter into any forward sale or mandatory delivery positions on their financial instruments. Revenue from Contracts with Customers:
COVID-19 Pandemic and the CARES Act	COVID-19 Pandemic and the CARES Act Under the CARES Act and related Interagency Statement, the Company may 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 Company has chosen to utilize this part of the CARES Act as it relates to delinquencies and nonperforming loans and does not report these loans as past due. Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Under Section 4013 of the CARES Act, modifications of loan terms do not automatically result in TDRs and the Company generally does not need to categorize the COVID-19 pandemic-related modifications as TDRs. The Company 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. The termination date was extended by the Consolidated Appropriations Act of 2021, to the earlier of 60 days after the date of termination of the National Emergency or January 1, 2022. 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 Company has chosen to utilize this section of the CARES Act and does 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 Company has elected to follow this guidance of the CARES Act and reports 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	Transfers of Financial Assets
Premises and Equipment	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 Building 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	Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Other Real Estate Owned Properties are evaluated regularly to ensure that the recorded amounts are supported by current fair values and charges against earnings are recorded as necessary to reduce the carrying amount to fair value, less estimated costs to dispose. Costs relating to the development and improvement of the property are capitalized, subject to the limit of fair value of the OREO, while costs relating to holding the property are expensed. Gains or losses are included in operations upon disposal.
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 operations.
Related Party Transactions	Related Party Transactions
Employee Benefit Plans	Employee Benefit Plans:
KSOP, the Employee Stock Ownership Plan with 401(k) Provisions	KSOP, the Employee Stock Ownership Plan with 401(k) Provisions:
Stock Options	Stock Options:
Restricted Stock Units	Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) 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):
Loss Contingencies	Loss Contingencies
Fair Value of Financial Instruments	Fair Value of Financial Instruments
Segment Reporting	Segment Reporting
Loan Commitments and Related Financial Instruments	Loan Commitments and Related Financial Instruments
Earnings (Loss) Per Share ("EPS")	Earnings (Loss) per Share (“EPS”)
Treasury Stock	Treasury Stock
Reclassification of Prior Year Presentation	Reclassification of Prior Year Presentation .
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, 2021, there is no significant difference in the comparability of the consolidated financial statements as a result of this extended transition period. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) 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 14 branches and mortgage offices 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 14 leased branches and mortgage offices. 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 Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) In December 2019, the FASB issued ASU 2019-12 “ Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes The Company adopted this standard, which had no material effect on the Company’s consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848) ”

Nature of Business and Summar_3

Nature of Business and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2021
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 Building 39 Building improvements 15 - 39 Furniture, fixtures, and equipment 3 - 10

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
Summary of Estimated Fair Values of the Assets Acquired and Liabilities Assumed	The following table summarizes the estimated fair values of the assets acquired and liabilities assumed of Mortgage World: Fair Value (Dollars in thousands) Fair value of acquisition consideration $ 1,755 Assets: Cash and cash equivalents 750 Mortgage loans held for sale, at fair value 10,549 Premises and equipment, net 302 Other assets 772 Total assets $ 12,373 Liabilities: Warehouse lines of credit $ 9,135 Mortgage loans fundings payable 1,237 Other liabilities 246 Total Liabilities $ 10,618 Net assets $ 1,755

Available-for-Sale Securities (

Available-for-Sale Securities (Tables)	3 Months Ended
	Mar. 31, 2021
Investments Debt And Equity Securities [Abstract]
Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of Securities	The amortized cost, gross unrealized gains and losses, and fair value of securities at March 31, 2021 and December 31, 2020 are summarized as follows: March 31, 2021 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (Dollars in thousands) Available-for-Sale Securities: U.S. Government Bonds $ 2,978 $ 10 $ — $ 2,988 Corporate Bonds 13,408 158 (9 ) 13,557 Mortgage-Backed Securities: Collateralized Mortgage Obligations 7,044 — (69 ) 6,975 FNMA Certificates 7,161 71 (71 ) 7,161 GNMA Certificates 241 7 — 248 Total available-for-sale securities $ 30,832 $ 246 $ (149 ) $ 30,929 Held-to-Maturity Securities: FHLMC Certificates $ 1,732 $ — $ (71 ) $ 1,661 Total held-to-maturity securities $ 1,732 $ — $ (71 ) $ 1,661 December 31, 2020 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (Dollars in thousands) Available-for-Sale Securities: Corporate Bonds $ 10,381 $ 95 $ (13 ) $ 10,463 Mortgage-Backed Securities: FHLMC Certificates 3,201 — (5 ) 3,196 FNMA Certificates 3,506 61 — 3,567 GNMA Certificates 263 9 — 272 Total available-for-sale securities $ 17,351 $ 165 $ (18 ) $ 17,498 Held-to-Maturity Securities: FHLMC Certificates $ 1,743 $ — $ (21 ) $ 1,722 Total held-to-maturity securities $ 1,743 $ — $ (21 ) $ 1,722
Company's Securities' Gross Unrealized Losses and Fair Values, Aggregated by Length of Time Individual Securities Have Been in a Continuous Unrealized Loss Position	Note 4. Available-for-Sale Securities (Continued) The following table presents the Company's gross unrealized losses and fair values of its securities, aggregated by the length of time the individual securities have been in a continuous unrealized loss position, at March 31, 2021 and December 31, 2020: March 31, 2021 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 (Dollars in thousands) Available-for-Sale Securities: Corporate Bonds $ 2,716 $ (9 ) $ — $ — $ 2,716 $ (9 ) Mortgage-Backed Collateralized Mortgage Obligations 6,975 (69 ) — — 6,975 (69 ) FNMA Certificates 4,070 (71 ) — — 4,070 (71 ) Total available-for-sale securities $ 13,761 $ (149 ) $ — $ — $ 13,761 $ (149 ) Held-to-Maturity Securities: FHLMC Certificates $ 1,661 $ (71 ) $ — $ — $ 1,661 $ (71 ) Total held-to-maturity securities $ 1,661 $ (71 ) $ — $ — $ 1,661 $ (71 ) December 31, 2020 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 (Dollars in thousands) Available-for-Sale Securities: Corporate Bonds $ 1,717 $ (13 ) $ — $ — $ 1,717 $ (13 ) Mortgage-Backed FHLMC Certificates 3,196 (5 ) — — 3,196 (5 ) Total available-for-sale securities $ 4,913 $ (18 ) $ — $ — $ 4,913 $ (18 ) Held-to-Maturity Securities: FHLMC Certificates $ 1,722 $ (21 ) $ — $ — $ 1,722 $ (21 ) Total held-to-maturity securities $ 1,722 $ (21 ) $ — $ — $ 1,722 $ (21 )
Summary of Maturities of Securities	Note 4. Available-for-Sale Securities (Continued) The following is a summary of maturities of securities at March 31, 2021 and December 31, 2020. 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, 2021 Amortized Fair Cost Value (Dollars in thousands) Available-for-Sale Securities: U.S. Government Bonds: Amounts maturing: Three months or less $ — $ — After three months through one year — — After one year through five years 2,978 2,988 More than five years through ten years — — 2,978 2,988 Corporate Bonds: Amounts maturing: Three months or less $ — $ — After three months through one year — — After one year through five years 2,656 2,715 More than five years through ten years 10,752 10,842 13,408 13,557 Mortgage-Backed Securities 14,446 14,384 Total available-for-sale securities $ 30,832 $ 30,929 Held-to-Maturity Securities: FHLMC Certificates $ 1,732 $ 1,661 Total held-to-maturity securities $ 1,732 $ 1,661 December 31, 2020 Amortized Fair Cost Value (Dollars in thousands) Available-for-Sale Securities: Corporate Bonds: Amounts maturing: Three months or less $ — $ — After three months through one year — — After one year through five years 2,651 2,728 More than five years through ten years 7,730 7,735 10,381 10,463 Mortgage-Backed Securities 6,970 7,035 Total available-for-sale securities $ 17,351 $ 17,498 Held-to-Maturity Securities: FHLMC Certificates $ 1,743 $ 1,722 Total held-to-maturity securities $ 1,743 $ 1,722

Loans Receivable and Allowanc_2

Loans Receivable and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
Summary of Loans	Loans receivable at March 31, 2021 and December 31, 2020 are summarized as follows: March 31, December 31, 2021 2020 (Dollars in thousands) Mortgage loans: 1-4 Family residential Investor-Owned $ 317,895 $ 319,596 Owner-Occupied 99,985 98,795 Multifamily residential 315,078 307,411 Nonresidential properties 215,340 218,929 Construction and land 119,339 105,858 Nonmortgage loans: Business loans (1) 142,135 94,947 Consumer loans (2) 36,706 26,517 1,246,478 1,172,053 Net deferred loan origination costs (512 ) 1,457 Allowance for loan losses (15,508 ) (14,870 ) Loans receivable, net $ 1,230,458 $ 1,158,640 (1) As of March 31, 2021 and December 31, 2020, business loans include $132.5 million and $85.3 million, respectively, of Paycheck Protection Program (“PPP”) loans. (2) As of March 31, 2021 and December 31, 2020, consumer loans include $35.9 million and $25.5 million, respectively, related to Grain Technologies, LLC (“Grain”). Refer to Management’s Discussion and Analysis of Financial Conditions and Results of Operations for further discussion on Grain.
Schedule of Credit Risk Ratings by Loan Segment	The following tables present credit risk ratings by loan segment as of March 31, 2021 and December 31, 2020: March 31, 2021 Mortgage Loans Nonmortgage Loans Construction Total 1-4 Family Multifamily Nonresidential and Land Business Consumer Loans (Dollars in thousands) Risk Rating: Pass $ 406,662 $ 308,716 $ 210,310 $ 112,689 $ 142,135 $ 36,706 $ 1,217,218 Special mention 2,316 — — 6,650 — — 8,966 Substandard 8,902 6,362 5,030 — — — 20,294 Total $ 417,880 $ 315,078 $ 215,340 $ 119,339 $ 142,135 $ 36,706 $ 1,246,478 December 31, 2020 Mortgage Loans Nonmortgage Loans Construction Total 1-4 Family Multifamily Nonresidential and Land Business Consumer Loans (Dollars in thousands) Risk Rating: Pass $ 406,993 $ 301,015 $ 213,882 $ 88,645 $ 94,947 $ 26,517 $ 1,131,999 Special mention 2,333 — — 17,213 — — 19,546 Substandard 9,065 6,396 5,047 — — — 20,508 Total $ 418,391 $ 307,411 $ 218,929 $ 105,858 $ 94,947 $ 26,517 $ 1,172,053
Schedule of Aging Analysis of Loans	Note 5. Loans Receivable and Allowance for Loan Losses (Continued) An aging analysis of loans, as of March 31, 2021 and December 31, 2020, is as follows: March 31, 2021 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 (Dollars in thousands) Mortgage loans: 1-4 Family residential Investor-Owned $ 311,271 $ 4,739 $ — $ 1,885 $ 317,895 $ 3,153 $ — Owner-Occupied 97,327 380 818 1,460 99,985 3,780 — Multifamily residential 314,132 — — 946 315,078 946 — Nonresidential properties 212,059 — — 3,281 215,340 4,422 — Construction and land 119,339 — — — 119,339 — — Nonmortgage loans: Business 141,635 500 — — 142,135 — — Consumer 32,419 2,310 735 1,242 36,706 — — Total $ 1,228,182 $ 7,929 $ 1,553 $ 8,814 $ 1,246,478 $ 12,301 $ — December 31, 2020 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 (Dollars in thousands) Mortgage loans: 1-4 Family residential Investor-Owned $ 313,960 $ 2,222 $ 1,507 $ 1,907 $ 319,596 $ 3,058 $ — Owner-Occupied 95,775 1,572 348 1,100 98,795 3,250 — Multifamily residential 305,325 1,140 — 946 307,411 946 — Nonresidential properties 215,657 — — 3,272 218,929 4,429 — Construction and land 105,858 — — — 105,858 — — Nonmortgage loans: Business 94,847 100 — — 94,947 — — Consumer 25,529 497 316 175 26,517 — — Total $ 1,156,951 $ 5,531 $ 2,171 $ 7,400 $ 1,172,053 $ 11,683 $ —
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, 2021 and 2020, and December 31, 2020: For the Three Months Ended March 31, 2021 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 (Dollars in thousands) Allowance for loan losses: Balance, beginning of period $ 3,850 $ 1,260 $ 5,214 $ 2,194 $ 1,820 $ 254 $ 278 $ 14,870 Provision charged to expense (6 ) 14 226 (10 ) 107 (10 ) 365 686 Losses charged-off — — — — — (50 ) (50 ) Recoveries — — — — — 2 — 2 Balance, end of period $ 3,844 $ 1,274 $ 5,440 $ 2,184 $ 1,927 $ 246 $ 593 $ 15,508 Ending balance: individually evaluated for impairment $ 116 $ 127 $ — $ 41 $ — $ — $ — $ 284 Ending balance: collectively evaluated for impairment 3,728 1,147 5,440 2,143 1,927 246 593 15,224 Total $ 3,844 $ 1,274 $ 5,440 $ 2,184 $ 1,927 $ 246 $ 593 $ 15,508 Loans: Ending balance: individually evaluated for impairment $ 6,515 $ 6,247 $ 946 $ 5,171 $ — $ — $ — $ 18,879 Ending balance: collectively evaluated for impairment 311,380 93,738 314,132 210,169 119,339 142,135 36,706 1,227,599 Total $ 317,895 $ 99,985 $ 315,078 $ 215,340 $ 119,339 $ 142,135 $ 36,706 $ 1,246,478 Note 5. Loans Receivable and Allowance for Loan Losses (Continued) 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 (Dollars in thousands) 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 5. Loans Receivable and Allowance for Loan Losses (Continued) For the Year Ended December 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 (Dollars in thousands) Allowance for loan losses: Balance, beginning of year $ 3,503 $ 1,067 $ 3,865 $ 1,849 $ 1,782 $ 254 $ 9 $ 12,329 Provision charged to expense 347 193 1,349 341 38 (95 ) 270 2,443 Losses charged-off — — — — — — (6 ) (6 ) Recoveries — — — 4 — 95 5 104 Balance, end of year $ 3,850 $ 1,260 $ 5,214 $ 2,194 $ 1,820 $ 254 $ 278 $ 14,870 Ending balance: individually evaluated for impairment $ 118 $ 134 $ — $ 40 $ — $ — $ — $ 292 Ending balance: collectively evaluated for impairment 3,732 1,126 5,214 2,154 1,820 254 278 14,578 Total $ 3,850 $ 1,260 $ 5,214 $ 2,194 $ 1,820 $ 254 $ 278 $ 14,870 Loans: Ending balance: individually evaluated for impairment $ 7,468 $ 5,754 $ 946 $ 5,184 $ — $ — $ — $ 19,352 Ending balance: collectively evaluated for impairment 312,128 93,041 306,465 213,745 105,858 94,947 26,517 1,152,701 Total $ 319,596 $ 98,795 $ 307,411 $ 218,929 $ 105,858 $ 94,947 $ 26,517 $ 1,172,053
Schedule of Information Relates to Impaired Loans	The following information relates to impaired loans as of and for the three months ended March 31, 2021 and 2020 and for the year ended December 31, 2020: 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, 2021 Balance Allowance Allowance Investment Allowance Investment on a Cash Basis (Dollars in thousands) Mortgage loans: 1-4 Family residential $ 13,636 $ 10,302 $ 2,460 $ 12,762 $ 243 $ 12,325 $ 64 Multifamily residential 946 946 — 946 — 420 — Nonresidential properties 5,627 4,803 368 5,171 41 5,351 8 Construction and land — — — — 188 — Nonmortgage loans: Business — — — — — 2 — Consumer — — — — — — — Total $ 20,209 $ 16,051 $ 2,828 $ 18,879 $ 284 $ 18,286 $ 72 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 (Dollars in thousands) 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 December 31, 2020 Balance Allowance Allowance Investment Allowance Investment on a Cash Basis (Dollars in thousands) Mortgage loans: 1-4 Family residential $ 14,118 $ 10,613 $ 2,609 $ 13,222 $ 252 $ 12,306 $ 321 Multifamily residential 946 946 — 946 — 231 34 Nonresidential properties 5,632 4,813 371 5,184 40 5,339 33 Construction and land — — — — — 405 — Nonmortgage loans: Business — — — — — 8 — Consumer — — — — — — — Total $ 20,696 $ 16,372 $ 2,980 $ 19,352 $ 292 $ 18,289 $ 388

Premises and Equipment (Tables)

Premises and Equipment (Tables)	3 Months Ended
	Mar. 31, 2021
Property Plant And Equipment [Abstract]
Summary of Premises and Equipment	Premises and equipment at March 31, 2021 and December 31, 2020 are summarized as follows: March 31, December 31, 2021 2020 (Dollars in thousands) Land $ 3,645 $ 3,897 Buildings and improvements 20,181 17,119 Leasehold improvements 23,976 26,104 Furniture, fixtures and equipment 9,295 9,184 57,097 56,304 Less: accumulated depreciation and amortization (23,472 ) (24,259 ) Total premises and equipment $ 33,625 $ 32,045

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2021
Banking And Thrifts [Abstract]
Summarized Deposits	Deposits at March 31, 2021 and December 31, 2020 are summarized as follows: March 31, December 31, 2021 2020 (Dollars in thousands) Demand (1) $ 242,255 $ 189,855 Interest-bearing deposits: NOW/IOLA accounts 32,235 39,296 Money market accounts 157,271 136,258 Reciprocal deposits 137,402 131,363 Savings accounts 130,211 125,820 Total NOW, money market, reciprocal and savings 457,119 432,737 Certificates of deposit of $250K or more 77,418 78,435 Brokered certificates of deposits 86,004 52,678 Listing service deposits (2) 61,133 39,476 Certificates of deposit less than $250K 214,617 236,398 Total certificates of deposit 439,172 406,987 Total interest-bearing deposits 896,291 839,724 Total deposits $ 1,138,546 $ 1,029,579 (1) As of March 31, 2021 and December 31, 2020, included in demand deposits are deposits related to net PPP funding. (2) A s of March 31, 2021 and December 31, 2020
Scheduled Maturities of Certificates of Deposit	Note 7. Deposits (Continued) At March 31, 2021 scheduled maturities of certificates of deposit were as follows: (Dollars in thousands) 2022 $ 250,430 2023 71,323 2024 28,812 2025 25,468 2026 59,139 Thereafter 4,000 $ 439,172

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Schedule of Borrowed Funds FHLBNY and Correspondent Bank Advances Maturity and Call Date	Borrowed funds at March 31, 2021 and December 31, 2020 consist of the following and are summarized by maturity and call date below: March 31, December 31, 2021 2020 Scheduled Maturity Redeemable at Call Date Weighted Average Rate Scheduled Maturity Redeemable at Call Date Weighted Average Rate (Dollars in thousands) Correspondent Bank Overnight line of credit advance $ — $ — — % $ 8,000 $ 8,000 0.34 % FHLBNY Term advances ending: 2021 3,000 3,000 1.84 3,000 3,000 1.84 2022 77,880 77,880 1.73 77,880 77,880 1.73 2023 28,375 28,375 2.82 28,375 28,375 2.82 $ 109,255 $ 109,255 2.02 $ 117,255 $ 117,255 1.90 %
Schedule of Warehouse Lines of Credit	Warehouse Line of Credit #1 The interest rate is based on the 30-day LIBOR rate plus 3.25%. The effective rate at March 31, 2021 was 3.44%. The line of credit is an evergreen agreement that terminates upon request by either the financial institution or the borrower. Warehouse Line of Credit #2 The interest rate is based on the 30-day LIBOR rate plus 3.00% for loans funded by wires. The effective rate at March 31, 2021 was 3.19%. The warehouse line of credit is due to expire on June 30, 2021. Total interest expense on warehouse lines of credit totaled $139,873 for the three months ended March 31, 2021. As of March 31, 2021 Credit Line Unused Line Maximum of Credit Balance (Dollars in thousands) Warehouse Line of Credit #1 $ 20,000 $ 11,432 $ 8,568 Warehouse Line of Credit #2 5,000 1,904 3,096 Total long-term debt $ 25,000 $ 13,336 $ 11,664 As of December 31, 2020 Credit Line Unused Line Maximum of Credit Balance (Dollars in thousands) Warehouse Line of Credit #1 $ 29,900 $ 2,171 $ 27,729 Warehouse Line of Credit #2 5,000 $ 2,768 $ 2,232 Total long-term debt $ 34,900 $ 4,939 $ 29,961

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2021
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, 2021 and 2020 consists of the following: For the Three Months Ended March 31, 2021 2020 (Dollars in thousands) Federal: Current $ 560 $ 158 Deferred 36 (276 ) 596 (118 ) State and local: Current 68 58 Deferred 310 (690 ) 378 (632 ) Valuation allowance (242 ) 541 Provision (benefit) for income taxes $ 732 $ (209 )
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, 2021 and 2020, respectively, to income before income taxes as a result of the following: For the Three Months Ended March 31, 2021 2020 (Dollars in thousands) Income tax, at federal rate $ 669 $ (299 ) State and local tax, net of federal taxes 299 (500 ) Valuation allowance, net of the federal benefit (242 ) 541 Other 6 49 $ 732 $ (209 )
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, 2021 and December 31, 2020 are presented below: March 31, December 31, 2021 2020 (Dollars in thousands) Deferred tax assets: Allowance for loan losses $ 5,054 $ 4,846 Deferred loan fees 167 — Interest on nonaccrual loans 711 792 Amortization of intangible assets 65 70 Deferred rent payable 124 120 Depreciation of premises and equipment — 79 Net operating losses 3,802 3,990 Charitable contribution carryforward 1,273 1,366 Compensation and benefits 483 326 Other 69 78 Total gross deferred tax assets 11,748 11,667 Deferred tax liabilities: Depreciation of premises and equipment 903 — Deferred loan fees — 475 Unrealized gain on available-for-sale securities 8 25 Other 38 39 Total gross deferred tax liabilities 949 539 Valuation allowance 6,230 6,472 Net deferred tax assets $ 4,569 $ 4,656

Compensation and Benefit Plans

Compensation and Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2021
Compensation And Retirement Disclosure [Abstract]
Summary of ESOP Shares	A summary of the ESOP shares as of March 31, 2021 and December 31, 2020 are as follows: March 31, 2021 December 31, 2020 (Dollars in thousands except share data) Shares committed-to-be released 12,063 48,250 Shares allocated to participants 177,520 129,270 Unallocated shares 518,688 530,751 Total 708,271 708,271 Fair value of unallocated shares $ 5,763 $ 5,578
Schedule of Restricted Stock Units Awards Activity and Related Information	A summary of the Company’s restricted stock unit awards activity and related information for the three months ended March 31, 2021 and year ended December 31, 2020 are as follows: March 31, 2021 Number of Shares Weighted- Average Grant Date Fair Value Per Share Non-vested, beginning of year 335,919 $ 12.66 Granted — — Forfeited — — Vested — — Non-vested at March 31 335,919 $ 12.66 December 31, 2020 Number of Shares Weighted- Average Grant Date Fair Value Per Share Non-vested, beginning of year 420,744 $ 12.78 Granted 15,000 10.05 Forfeited (3,000 ) 12.77 Vested (96,825 ) 12.77 Non-vested at December 31 335,919 $ 12.66
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, 2021 and year ended December 31, 2020 are as follows: March 31, 2021 Options Weighted- Average Exercise Price Per Share Outstanding, beginning of year 203,766 $ 12.02 Granted — — Exercised — — Forfeited — — Outstanding at March 31 (1) 203,766 $ 12.02 Exercisable at March 31 (1) 55,938 $ 12.77 December 31, 2020 Options Weighted- Average Exercise Price Per Share Outstanding, beginning of year 163,766 $ 12.77 Granted 40,000 8.93 Exercised — — Forfeited — — Outstanding at December 31 (1) 203,766 $ 12.02 Exercisable at December 31 (1) 55,938 $ 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 for outstanding options and $0 for exercisable options at March 31, 2021 and December 31, 2020.
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, 2021 2020 Dividend yield 0.00 % 0.00 % Expected life 6.5 years 6.5 years Expected volatility 38.51 % 16.94 % Risk-free interest rate 0.48 % 2.51 % Weighted average grant date fair value $ 3.77 $ 4.01

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Schedule of Reconciliation of Number of Shares Used in Calculation of Basic and Diluted Earnings Per Common Share	The following table presents a reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share: For the Three Months Ended March 31, 2021 2020 (Dollars in thousands except share data) Net income (loss) $ 2,452 $ (1,213 ) Common shares outstanding for basic EPS: Weighted average common shares outstanding 17,078,813 17,379,406 Less: Weighted average unallocated Employee Stock Ownership Plan (ESOP) shares 530,617 578,868 Basic weighted average common shares outstanding 16,548,196 16,800,538 Basic earnings (loss) per common share $ 0.15 $ (0.07 ) Dilutive potential common shares: Add: Dilutive effect of restricted stock awards and stock options — — Diluted weighted average common shares outstanding 16,548,196 16,800,538 Diluted earnings (loss) per common share $ 0.15 $ (0.07 )

Commitments, Contingencies an_2

Commitments, Contingencies and Credit Risk (Tables)	3 Months Ended
	Mar. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Financial Instruments Whose Contractual Amounts Represent Credit Risk	Financial instruments whose contractual amounts represent credit risk at March 31, 2021 and December 31, 2020 are as follows: March 31, December 31, 2021 2020 (Dollars in thousands) Commitments to grant mortgage loans $ 119,866 $ 101,722 Commitments to sell loans at lock-in rates 5,995 11,276 Unfunded commitments under lines of credit 38,392 38,261 $ 164,253 $ 151,259
Projected Minimum Rental Payments under Terms of Leases	The projected minimum rental payments under the terms of the leases at March 31, 2021 are as follows: (Dollars in thousands) Remainder of 2021 $ 1,258 2022 1,574 2023 1,526 2024 1,512 2025 1,433 2026 1,170 Thereafter 4,722 $ 13,195

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Summary of Changes in Derivatives From Interest Rate Lock Commitments are Measured at Fair Value	The table below presents the changes in derivatives from interest rate lock commitments that are measured at fair value on a recurring basis: (Dollars in thousands) Balance as of December 31, 2020 $ 166 Change in fair value of derivative instrument reported in earnings (107 ) Balance as of March 31, 2021 $ 59
Assets Measured at Fair Value on Recurring Basis	Note 13. 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, 2021 and December 31, 2020, and indicate the level within the fair value hierarchy utilized to determine the fair value: March 31, 2021 Description Total Level 1 Level 2 Level 3 (Dollars in thousands) Available-for-Sale Securities, at fair value: U.S. Government Bonds $ 2,988 $ — $ 2,988 $ — Corporate bonds 13,557 — 13,557 — Mortgage-Backed Securities: Collateralized Mortgage Obligations 6,975 — 6,975 — FNMA Certificates 7,161 — 7,161 — GNMA Certificates 248 — 248 — Mortgage Loans Held for Sale, at fair value 13,725 — 13,725 — Derivatives from interest rate lock commitments 59 — — 59 $ 44,713 $ — $ 44,654 $ 59 December 31, 2020 Description Total Level 1 Level 2 Level 3 (Dollars in thousands) Available-for-Sale Securities: Corporate bonds $ 10,463 $ — $ 10,463 $ — Mortgage-Backed Securities: FHLMC Certificates 3,196 — 3,196 — FNMA Certificates 3,567 — 3,567 — GNMA Certificates 272 — 272 — Mortgage Loans Held for Sale, at fair value 35,406 — 35,406 — Derivatives from interest rate lock commitments 166 — — 166 $ 53,070 $ — $ 52,904 $ 166
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, 2021 and December 31, 2020 and indicate the fair value hierarchy utilized to determine the fair value: March 31, 2021 Total Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans $ 18,879 $ — $ — $ 18,879 December 31, 2020 Total Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans $ 19,352 $ — $ — $ 19,352
Estimated Fair Values of Financial Instruments	As of March 31, 2021 and December 31, 2020, the carrying values 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 (Dollars in thousands) March 31, 2021 Financial assets: Cash and cash equivalents $ 90,122 $ 90,122 $ — $ — $ 90,122 Available-for-sale securities, at fair value 30,929 — 30,929 — 30,929 Held-to-maturity securities, at amortized costs 1,732 — 1,661 — 1,661 Placements with banks 2,739 — 2,739 — 2,739 Mortgage loans held for sale, at fair value 13,725 — 13,725 — 13,725 Loans receivable, net 1,230,458 — — 1,244,854 1,244,854 Accrued interest receivable 12,547 — 12,547 — 12,547 FHLBNY stock 6,057 6,057 — — 6,057 Financial liabilities: Deposits: Demand deposits 242,255 242,255 — — 242,255 Interest-bearing deposits 457,119 457,119 — — 457,119 Certificates of deposit 439,172 — 445,260 — 445,260 Advance payments by borrowers for taxes and insurance 9,264 — 9,264 — 9,264 Advances from FHLBNY 109,255 — 111,123 — 111,123 Warehouse lines of credit 11,664 — 11,664 — 11,664 Mortgage loan fundings payable 676 — 676 — 676 Accrued interest payable 66 — 66 — 66 Carrying Fair Value Measurements Amount Level 1 Level 2 Level 3 Total (Dollars in thousands) December 31, 2020 Financial assets: Cash and cash equivalents $ 72,078 $ 72,078 $ — $ — $ 72,078 Available-for-sale securities, at fair value 17,498 — 17,498 — 17,498 Held-to-maturity securities, at amortized costs 1,743 — 1,722 — 1,722 Placements with banks 2,739 — 2,739 — 2,739 Mortgage loans held for sale, at fair value 35,406 — 35,406 35,406 Loans receivable, net 1,158,640 — — 1,182,971 1,182,971 Accrued interest receivable 11,396 — 11,396 — 11,396 FHLBNY stock 6,426 6,426 — — 6,426 Financial liabilities: Deposits: Demand deposits 189,855 189,855 — — 189,855 Interest-bearing deposits 432,737 432,737 — — 432,737 Certificates of deposit 406,987 — 411,742 — 411,742 Advance payments by borrowers for taxes and insurance 7,019 — 7,019 — 7,019 Advances from FHLBNY 117,255 — 119,248 — 119,248 Warehouse lines of credit 29,961 — 29,961 — 29,961 Mortgage loan fundings payable 1,483 — 1,483 — 1,483 Accrued interest payable 60 — 60 — 60

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	3 Months Ended
	Mar. 31, 2021
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
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, 2021 and December 31, 2020 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 (Dollars in thousands) March 31, 2021 PDL Community Bancorp Total Capital to Risk-Weighted Assets $ 173,715 17.37 % $ 79,996 8.00% $ 99,995 10.00 % Tier 1 Capital to Risk-Weighted Assets 161,176 16.12 % 59,997 6.00% 79,996 8.00 % Common Equity Tier 1 Capital Ratio 161,176 16.12 % 44,998 4.50% 64,996 6.50 % Tier 1 Capital to Total Assets 161,176 11.75 % 54,887 4.00% 68,609 5.00 % Ponce Bank Total Capital to Risk-Weighted Assets $ 157,325 15.80 % $ 79,677 8.00% $ 99,596 10.00 % Tier 1 Capital to Risk-Weighted Assets 144,836 14.54 % 59,757 6.00% 79,677 8.00 % Common Equity Tier 1 Capital Ratio 144,836 14.54 % 44,818 4.50% 64,737 6.50 % Tier 1 Capital to Total Assets 144,836 10.78 % 53,728 4.00% 67,160 5.00 % To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) December 31, 2020 PDL Community Bancorp Total Capital to Risk-Weighted Assets $ 171,578 17.68 % $ 77,644 8.00 % $ 97,055 10.00 % Tier 1 Capital to Risk-Weighted Assets 159,410 16.42 % 58,233 6.00 % 77,644 8.00 % Common Equity Tier 1 Capital Ratio 159,410 16.42 % 43,675 4.50 % 63,086 6.50 % Tier 1 Capital to Total Assets 159,410 13.34 % 47,814 4.00 % 59,768 5.00 % Ponce Bank Total Capital to Risk-Weighted Assets $ 153,951 15.95 % $ 77,213 8.00 % $ 96,516 10.00 % Tier 1 Capital to Risk-Weighted Assets 141,850 14.70 % 57,909 6.00 % 77,213 8.00 % Common Equity Tier 1 Capital Ratio 141,850 14.70 % 43,432 4.50 % 62,735 6.50 % Tier 1 Capital to Total Assets 141,850 11.19 % 50,715 4.00 % 63,394 5.00 %
Mortgage World Bankers Inc
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Summary of Bank's Actual Capital Amounts and Ratios As Compared to Regulatory Requirements	Note 14. Regulatory Capital Requirements (Continued) Mortgage World’s minimum net worth requirements as of March 31, 2021 and December 31, 2020 are reflected below: Minimum Requirement (Dollars in thousands) HUD $ 1,000 New York Department of Financial Services 250 Other State Banking Departments 250

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Components of Accumulated Other Comprehensive Income	The components of accumulated other comprehensive income are as follows: March 31, 2021 December 31, 2020 Change March 31, 2020 (Dollars in thousands) Unrealized gains on available-for-sale securities, net $ 135 $ (107 ) $ 28 Total $ 135 $ (107 ) $ 28 December 31, 2020 December 31, 2019 Change December 31, 2020 (Dollars in thousands) Unrealized gains (losses) on available-for-sale securities, net $ 20 $ 115 $ 135 Total $ 20 $ 115 $ 135

Transactions with Related Par_2

Transactions with Related Parties (Tables)	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
Schedule of Aggregate Loan Transactions with Related Parties	Aggregate loan transactions with related parties for the three months ended March 31, 2021 and 2020 were as follows: For the Three Months Ended March 31, 2021 2020 (Dollars in thousands) Beginning balance $ 424 $ 1,260 Originations 10 — Payments (10 ) (16 ) Ending balance $ 424 $ 1,244

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Schedule of Segment Profit and Loss	Information about the reportable segments and reconciliation to the unaudited interim Consolidated Financial Statements at March 31, 2021 and 2020 and for the three months then ended is presented in the tables below. For the Three Months Ended March 31, 2021 Ponce Bank Mortgage World PDL Community Bancorp Eliminations Consolidated (Dollars in thousands) Interest and dividend income $ 15,027 $ 150 $ 41 $ (41 ) $ 15,177 Interest expense 2,186 140 — (41 ) 2,285 Net interest income 12,841 10 41 — 12,892 Provision for loan losses 686 — — — 686 Net interest income after provision for loan losses 12,155 10 41 — 12,206 Non-interest income: Service charges and fees 329 — — — 329 Brokerage commissions — 223 — — 223 Late and prepayment charges 244 — — — 244 Gain on sale of mortgage loans — 1,508 — — 1,508 Loan origination — 539 — — 539 Gain on sale of real property 663 — — — 663 Other 568 88 — (269 ) 387 Total non-interest income 1,804 2,358 — (269 ) 3,893 Non-interest expense: Compensation and benefits 4,072 1,241 351 — 5,664 Occupancy and equipment 2,498 122 14 — 2,634 Data processing expenses 581 13 — — 594 Direct loan expenses 462 547 — — 1,009 Insurance and surety bond premiums 146 — — — 146 Office supplies, telephone and postage 352 57 — — 409 Professional fees 777 244 381 (140 ) 1,262 Marketing and promotional expenses 29 9 — — 38 Directors fees 69 — — — 69 Regulatory dues 60 — — — 60 Other operating expenses 954 58 147 (129 ) 1,030 Total non-interest expense 10,000 2,291 893 (269 ) 12,915 Income (loss) before income taxes 3,959 77 (852 ) — 3,184 Provision for income taxes 1,105 40 (413 ) — 732 Equity in undistributed earnings of Ponce Bank and Mortgage World — — 2,891 (2,891 ) — Net income (loss) $ 2,854 $ 37 $ 2,452 $ (2,891 ) $ 2,452 Total assets at March 31, 2021 $ 1,414,832 $ 19,694 $ 161,463 $ (162,282 ) $ 1,433,707 Total assets at December 31, 2020 $ 1,315,287 $ 38,397 $ 159,811 $ (158,264 ) $ 1,355,231 For the Three Months Ended March 31, 2020 Ponce Bank Mortgage World PDL Community Bancorp Eliminations Consolidated (Dollars in thousands) Interest and dividend income $ 13,030 $ — $ 68 $ (68 ) $ 13,030 Interest expense 3,174 — — (68 ) 3,106 Net interest income 9,856 — 68 — 9,924 Provision for loan losses 1,146 — — — 1,146 Net interest income after provision for loan losses 8,710 — 68 — 8,778 Non-interest income: Service charges and fees 248 — — — 248 Brokerage commissions 50 — — — 50 Late and prepayment charges 119 — — — 119 Gain on sale of mortgage loans — — — — — Loan origination — — — — — Gain on sale of real property — — — — — Other 333 — — (128 ) 205 Total non-interest income 750 — — (128 ) 622 Non-interest expense: Compensation and benefits 4,656 — 352 — 5,008 Occupancy and equipment 2,004 — 13 — 2,017 Data processing expenses 467 — — — 467 Direct loan expenses 212 — — — 212 Insurance and surety bond premiums 121 — — — 121 Office supplies, telephone and postage 316 — — — 316 Professional fees 1,277 — 350 — 1,627 Marketing and promotional expenses 234 — — — 234 Directors fees 69 — — — 69 Regulatory dues 46 — — — 46 Other operating expenses 692 — 141 (128 ) 705 Total non-interest expense 10,094 — 856 (128 ) 10,822 Loss before income taxes (634 ) — (788 ) — (1,422 ) Benefit for income taxes (58 ) — (151 ) — (209 ) Equity in undistributed earnings of Ponce Bank and Mortgage World — — (576 ) 576 — Net income (loss) $ (576 ) $ — $ (1,213 ) $ 576 $ (1,213 )

Nature of Business and Summar_4

Nature of Business and Summary of Significant Accounting Policies - Additional Information (Details) $ in Thousands	Jul. 10, 2020BranchOfficeMortgageOffice	Mar. 31, 2021USD ($)SegmentBranchLease	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch banking offices	19
Business Acquisition, Effective Date of Acquisition	Jul. 10, 2020	Jul. 10, 2020
Business Acquisition, Name of Acquired Entity	Mortgage World	Mortgage World
Provision for loan losses (Note 5) | $		$ 686	$ 1,146	$ 2,443
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 business segment | Segment		2
Number of leased branches | BranchLease		14
Construction Loans
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Provision for loan losses (Note 5) | $		$ 107	123	38
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
Commercial Portfolio Segment
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Provision for loan losses (Note 5) | $		$ (10)	$ (22)	$ (95)
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
COVID-19
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Provision for loan losses (Note 5) | $		$ 685,689
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
Number of branch mortgage offices | MortgageOffice	2
Brooklyn
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch banking offices	3
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, 2021
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

Business Acquisition - Addition

Business Acquisition - Additional Information (Details) - USD ($) $ in Thousands	Jul. 10, 2020	Mar. 31, 2021
Business Combinations [Abstract]
Business Acquisition, Effective Date of Acquisition	Jul. 10, 2020	Jul. 10, 2020
Business Acquisition, Name of Acquired Entity	Mortgage World	Mortgage World
Business Combination, Consideration Transferred		$ 1,800
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net		$ 0

Business Acquisition - Summary

Business Acquisition - Summary of Estimated Fair Values of the Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Business Combination, Consideration Transferred	$ 1,800
ASSETS
Mortgage loans held for sale, at fair value	13,700
Premises and equipment, net (Note 6)	33,625	$ 32,045
Other assets	7,204	12,604
Total assets	1,433,707	1,355,231
Liabilities:
Other liabilities	3,032	10,330
Total liabilities	1,272,503	$ 1,195,687
Mortgage World Bankers Inc
Business Acquisition [Line Items]
Business Combination, Consideration Transferred	1,755
ASSETS
Cash and cash equivalents	750
Mortgage loans held for sale, at fair value	10,549
Premises and equipment, net (Note 6)	302
Other assets	772
Total assets	12,373
Liabilities:
Warehouse lines of credit	9,135
Mortgage loans fundings payable	1,237
Other liabilities	246
Total liabilities	10,618
Net assets	$ 1,755

Restrictions on Cash and Due _2

Restrictions on Cash and Due from Banks - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Cash And Cash Equivalents [Abstract]
Restricted cash	$ 10,100	$ 24,500
Required reserve balances in cash or on deposit with the Federal Reserve Bank	0	0
Total Restricted cash	$ 70,172	$ 150,407

Available-for-Sale Securities -

Available-for-Sale Securities - Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Available-for-Sale Securities:
Amortized Cost	$ 30,832	$ 17,351
Gross Unrealized Gains	246	165
Gross Unrealized Losses	(149)	(18)
Fair Value	30,929	17,498
Held-to-Maturity Securities:
Amortized Cost	1,732	1,743
Gross Unrealized Losses	(71)	(21)
Fair Value	1,661	1,722
Corporate Bonds
Available-for-Sale Securities:
Amortized Cost	13,408	10,381
Gross Unrealized Gains	158	95
Gross Unrealized Losses	(9)	(13)
Fair Value	13,557	10,463
U.S. Government Bonds
Available-for-Sale Securities:
Amortized Cost	2,978
Gross Unrealized Gains	10
Fair Value	2,988
Collateralized Mortgage Obligations
Available-for-Sale Securities:
Amortized Cost	7,044
Gross Unrealized Losses	(69)
Fair Value	6,975
FNMA Certificates
Available-for-Sale Securities:
Amortized Cost	7,161	3,506
Gross Unrealized Gains	71	61
Gross Unrealized Losses	(71)
Fair Value	7,161	3,567
GNMA Certificates
Available-for-Sale Securities:
Amortized Cost	241	263
Gross Unrealized Gains	7	9
Fair Value	248	272
FHLMC Certificates
Available-for-Sale Securities:
Amortized Cost		3,201
Gross Unrealized Losses		(5)
Fair Value		3,196
Held-to-Maturity Securities:
Amortized Cost	1,732	1,743
Gross Unrealized Losses	(71)	(21)
Fair Value	$ 1,661	$ 1,722

Available-for-Sale Securities_2

Available-for-Sale Securities - Additional Information (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2021USD ($)Security	Dec. 31, 2020USD ($)Security
Investments Debt And Equity Securities [Abstract]
Held to maturity | Security	1	1
Sale of available-for-sale securities	$ 0	$ 0
Available-for-sale securities matured	0	17,800,000
Purchases of available-for-sale securities	$ 14,100,000	13,600,000
Purchases of Held-to-maturity securities		$ 1,700,000
Number of available for sale securities | Security	12	8
Number of held-to-maturity security | Security	1	1
Number of investment securities not other than temporary | Security	5	3
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) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Available-for-Sale Securities:
Securities With Gross Unrealized Losses Less Than 12 Months, Fair Value	$ 13,761	$ 4,913
Securities With Gross Unrealized Losses Less Than 12 Months, Unrealized Losses	(149)	(18)
Securities With Gross Unrealized Losses, Total Fair Value	13,761	4,913
Securities With Gross Unrealized Losses, Total Unrealized Losses	(149)	(18)
Held-to-Maturity Securities:
Securities With Gross Unrealized Losses Less Than 12 Months, Fair Value	1,661	1,722
Securities With Gross Unrealized Losses Less Than 12 Months, Unrealized Losses	(71)	(21)
Securities With Gross Unrealized Losses, Total Fair Value	1,661	1,722
Securities With Gross Unrealized Losses, Total Unrealized Losses	(71)	(21)
Corporate Bonds
Available-for-Sale Securities:
Securities With Gross Unrealized Losses Less Than 12 Months, Fair Value	2,716	1,717
Securities With Gross Unrealized Losses Less Than 12 Months, Unrealized Losses	(9)	(13)
Securities With Gross Unrealized Losses, Total Fair Value	2,716	1,717
Securities With Gross Unrealized Losses, Total Unrealized Losses	(9)	(13)
Collateralized Mortgage Obligations
Available-for-Sale Securities:
Securities With Gross Unrealized Losses Less Than 12 Months, Fair Value	6,975
Securities With Gross Unrealized Losses Less Than 12 Months, Unrealized Losses	(69)
Securities With Gross Unrealized Losses, Total Fair Value	6,975
Securities With Gross Unrealized Losses, Total Unrealized Losses	(69)
FNMA Certificates
Available-for-Sale Securities:
Securities With Gross Unrealized Losses Less Than 12 Months, Fair Value	4,070
Securities With Gross Unrealized Losses Less Than 12 Months, Unrealized Losses	(71)
Securities With Gross Unrealized Losses, Total Fair Value	4,070
Securities With Gross Unrealized Losses, Total Unrealized Losses	(71)
FHLMC Certificates
Available-for-Sale Securities:
Securities With Gross Unrealized Losses Less Than 12 Months, Fair Value		3,196
Securities With Gross Unrealized Losses Less Than 12 Months, Unrealized Losses		(5)
Securities With Gross Unrealized Losses, Total Fair Value		3,196
Securities With Gross Unrealized Losses, Total Unrealized Losses		(5)
Held-to-Maturity Securities:
Securities With Gross Unrealized Losses Less Than 12 Months, Fair Value	1,661	1,722
Securities With Gross Unrealized Losses Less Than 12 Months, Unrealized Losses	(71)	(21)
Securities With Gross Unrealized Losses, Total Fair Value	1,661	1,722
Securities With Gross Unrealized Losses, Total Unrealized Losses	$ (71)	$ (21)

Available-for-Sale Securities_4

Available-for-Sale Securities - Summary of Maturities of Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Available-for-Sale Securities:
Available-for-Sale Securities, Amortized Cost	$ 30,832	$ 17,351
Held-to-Maturity Securities:
Held-to-Maturity Securities, Amortized Cost	1,732	1,743
Available-for-sale securities, at fair value (Note 4)	30,929	17,498
Held-to-maturity securities, at amortized cost ,fair value	1,661	1,722
Corporate Bonds
Available-for-Sale Securities:
Available-for-Sale Securities After one year through five years, Amortized Cost	2,656	2,651
Available-for-Sale Securities After five years through ten years, Amortized Cost	10,752	7,730
Available-for-Sale Securities, Amortized Cost	13,408	10,381
Held-to-Maturity Securities:
Available-for-Sale Securities After one year through five years, Amortized Cost	2,715	2,728
Available-for-Sale Securities After five years through ten years, Amortized Cost	10,842	7,735
Available-for-sale securities, at fair value (Note 4)	13,557	10,463
U.S. Government Bonds
Available-for-Sale Securities:
Available-for-Sale Securities After one year through five years, Amortized Cost	2,978
Available-for-Sale Securities, Amortized Cost	2,978
Held-to-Maturity Securities:
Available-for-Sale Securities After one year through five years, Amortized Cost	2,988
Available-for-sale securities, at fair value (Note 4)	2,988
Mortgage-Backed Securities
Available-for-Sale Securities:
Available-for-Sale Securities, Amortized Cost	14,446	6,970
Held-to-Maturity Securities:
Available-for-sale securities, at fair value (Note 4)	14,384	7,035
FHLMC Certificates
Held-to-Maturity Securities:
Held-to-Maturity Securities, Amortized Cost	1,732	1,743
Held-to-maturity securities, at amortized cost ,fair value	$ 1,661	$ 1,722

Summary of Loans (Details)

Summary of Loans (Details) - USD ($) $ in Thousands		Mar. 31, 2021	Dec. 31, 2020
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		$ 1,246,478	$ 1,172,053
Net deferred loan origination costs		(512)	1,457
Allowance for loan losses		(15,508)	(14,870)
Loans receivable, net		1,230,458	1,158,640
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		317,895	319,596
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		99,985	98,795
Multifamily Residential
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		315,078	307,411
Nonresidential Properties
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		215,340	218,929
Construction and Land
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		119,339	105,858
Commercial Portfolio Segment
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	[1]	142,135	94,947
Consumer Loans
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	[2]	$ 36,706	$ 26,517
[1]	As of March 31, 2021 and December 31, 2020, business loans include $132.5 million and $85.3 million, respectively, of Paycheck Protection Program (“PPP”) loans.
[2]	As of March 31, 2021 and December 31, 2020, consumer loans include $35.9 million and $25.5 million, respectively, related to Grain Technologies, LLC (“Grain”). Refer to Management’s Discussion and Analysis of Financial Conditions and Results of Operations for further discussion on Grain

Summary of Loans (Parenthetical

Summary of Loans (Parenthetical) (Details) - USD ($) $ in Thousands		Mar. 31, 2021	Dec. 31, 2020
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		$ 1,246,478	$ 1,172,053
PPP Loans
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		132,500
Business
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	[1]	142,135	94,947
Business | PPP Loans
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		132,500	85,300
Consumer Loans
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	[2]	36,706	26,517
Consumer Loans | Grain Technologies LLC
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		$ 35,900	$ 25,500
[1]	As of March 31, 2021 and December 31, 2020, business loans include $132.5 million and $85.3 million, respectively, of Paycheck Protection Program (“PPP”) loans.
[2]	As of March 31, 2021 and December 31, 2020, consumer loans include $35.9 million and $25.5 million, respectively, related to Grain Technologies, LLC (“Grain”). Refer to Management’s Discussion and Analysis of Financial Conditions and Results of Operations for further discussion on Grain

Loans Receivable and Allowanc_3

Loans Receivable and Allowance for Loan Losses - Additional Information (Details)	Mar. 31, 2021USD ($)Loan	Mar. 31, 2021USD ($)Loan	Dec. 31, 2020USD ($)Loan	Mar. 31, 2020USD ($)
Accounts Notes And Loans Receivable [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	$ 1,246,478,000	$ 1,246,478,000	$ 1,172,053,000
Restructured loans | Loan		0	0
Number of troubled debt restructured loans | Loan	32	32	32
Troubled debt restructured loans	$ 9,700,000	$ 9,700,000	$ 9,700,000
Troubled debt restructured loan, accrual status	6,600,000	6,600,000	6,600,000
Impairment reserves	$ 284,000	$ 284,000	$ 292,000	$ 289,000
Number of loan held for sale | Loan			1
Loans held for sale			$ 1,000,000
Mortgage World Bankers Inc
Accounts Notes And Loans Receivable [Line Items]
Number of loan held for sale | Loan	26	26	70
Loans held for sale	$ 13,700,000	$ 13,700,000	$ 34,400,000
Troubled Debt Restructured Loans
Accounts Notes And Loans Receivable [Line Items]
Impairment reserves	$ 284,000	$ 284,000	$ 292,000
Minimum
Accounts Notes And Loans Receivable [Line Items]
Strong Pass Loans to new or existing borrowers collateralized percentage	90.00%	90.00%
PPP Loans
Accounts Notes And Loans Receivable [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	$ 132,500,000	$ 132,500,000
Number of loans orginated by SBA | Loan	1,992	1,992
Number of loans approved by SBA | Loan	1,708	1,708
Percentage of loans approved by SBA	100.00%	100.00%
Earn annual interest rate	1.00%	1.00%
PPP Loans | Minimum
Accounts Notes And Loans Receivable [Line Items]
Term of loans approved by SBA	2 years
PPP Loans | Maximum
Accounts Notes And Loans Receivable [Line Items]
Term of loans approved by SBA	5 years
Loans receivable fee	5.00%	5.00%

Credit Risk Ratings by Loan Seg

Credit Risk Ratings by Loan Segment (Details) - USD ($) $ in Thousands		Mar. 31, 2021	Dec. 31, 2020
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		$ 1,246,478	$ 1,172,053
1-4 Family
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		417,880	418,391
Multifamily Residential
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		315,078	307,411
Nonresidential
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		215,340	218,929
Construction and Land
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		119,339	105,858
Business
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	[1]	142,135	94,947
Consumer
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	[2]	36,706	26,517
Pass
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		1,217,218	1,131,999
Pass | 1-4 Family
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		406,662	406,993
Pass | Multifamily Residential
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		308,716	301,015
Pass | Nonresidential
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		210,310	213,882
Pass | Construction and Land
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		112,689	88,645
Pass | Business
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		142,135	94,947
Pass | Consumer
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		36,706	26,517
Special Mention
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		8,966	19,546
Special Mention | 1-4 Family
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		2,316	2,333
Special Mention | Construction and Land
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		6,650	17,213
Substandard
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		20,294	20,508
Substandard | 1-4 Family
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		8,902	9,065
Substandard | Multifamily Residential
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		6,362	6,396
Substandard | Nonresidential
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan		$ 5,030	$ 5,047
[1]	As of March 31, 2021 and December 31, 2020, business loans include $132.5 million and $85.3 million, respectively, of Paycheck Protection Program (“PPP”) loans.
[2]	As of March 31, 2021 and December 31, 2020, consumer loans include $35.9 million and $25.5 million, respectively, related to Grain Technologies, LLC (“Grain”). Refer to Management’s Discussion and Analysis of Financial Conditions and Results of Operations for further discussion on Grain

Aging Analysis of Loans (Detail

Aging Analysis of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable Recorded Investment Past Due [Line Items]
Current	$ 1,228,182	$ 1,156,951
Total Past Due	1,246,478	1,172,053
Nonaccrual Loans	12,301	11,683
1-4 Family Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Current	311,271	313,960
Total Past Due	317,895	319,596
Nonaccrual Loans	3,153	3,058
1-4 Family Owner-Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Current	97,327	95,775
Total Past Due	99,985	98,795
Nonaccrual Loans	3,780	3,250
Nonresidential Properties
Financing Receivable Recorded Investment Past Due [Line Items]
Current	212,059	215,657
Total Past Due	215,340	218,929
Nonaccrual Loans	4,422	4,429
Multifamily Residential
Financing Receivable Recorded Investment Past Due [Line Items]
Current	314,132	305,325
Total Past Due	315,078	307,411
Nonaccrual Loans	946	946
Construction and Land
Financing Receivable Recorded Investment Past Due [Line Items]
Current	119,339	105,858
Total Past Due	119,339	105,858
Financial Asset, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	7,929	5,531
Financial Asset, 30 to 59 Days Past Due | 1-4 Family Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	4,739	2,222
Financial Asset, 30 to 59 Days Past Due | 1-4 Family Owner-Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	380	1,572
Financial Asset, 30 to 59 Days Past Due | Multifamily Residential
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		1,140
Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	1,553	2,171
Financing Receivables, 60 to 89 Days Past Due | 1-4 Family Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		1,507
Financing Receivables, 60 to 89 Days Past Due | 1-4 Family Owner-Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	818	348
Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	8,814	7,400
Financial Asset, Equal to or Greater than 90 Days Past Due | 1-4 Family Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	1,885	1,907
Financial Asset, Equal to or Greater than 90 Days Past Due | 1-4 Family Owner-Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	1,460	1,100
Financial Asset, Equal to or Greater than 90 Days Past Due | Nonresidential Properties
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	3,281	3,272
Financial Asset, Equal to or Greater than 90 Days Past Due | Multifamily Residential
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	946	946
Business
Financing Receivable Recorded Investment Past Due [Line Items]
Current	141,635	94,847
Total Past Due	142,135	94,947
Business | Financial Asset, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	500	100
Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Current	32,419	25,529
Total Past Due	36,706	26,517
Consumer | Financial Asset, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	2,310	497
Consumer | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	735	316
Consumer | Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	$ 1,242	$ 175

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, 2021	Mar. 31, 2020	Dec. 31, 2020
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	$ 14,870	$ 12,329	$ 12,329
Provision charged to expense	686	1,146	2,443
Losses charged-off	(50)		(6)
Recoveries	2	9	104
Balance, end of period	15,508	13,484	14,870
Ending balance: individually evaluated for impairment	284	289	292
Ending balance: collectively evaluated for impairment	15,224	13,195	14,578
Ending balance: individually evaluated for impairment	18,879	16,098	19,352
Ending balance: collectively evaluated for impairment	1,227,599	968,219	1,152,701
Total	1,246,478	984,317	1,172,053
1-4 Family Residential Investor Owned
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	3,850	3,503	3,503
Provision charged to expense	(6)	234	347
Balance, end of period	3,844	3,737	3,850
Ending balance: individually evaluated for impairment	116	113	118
Ending balance: collectively evaluated for impairment	3,728	3,624	3,732
Ending balance: individually evaluated for impairment	6,515	5,303	7,468
Ending balance: collectively evaluated for impairment	311,380	302,903	312,128
Total	317,895	308,206	319,596
1-4 Family Owner-Occupied
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	1,260	1,067	1,067
Provision charged to expense	14	120	193
Balance, end of period	1,274	1,187	1,260
Ending balance: individually evaluated for impairment	127	145	134
Ending balance: collectively evaluated for impairment	1,147	1,042	1,126
Ending balance: individually evaluated for impairment	6,247	5,613	5,754
Ending balance: collectively evaluated for impairment	93,738	88,274	93,041
Total	99,985	93,887	98,795
Multifamily
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	5,214	3,865	3,865
Provision charged to expense	226	398	1,349
Balance, end of period	5,440	4,263	5,214
Ending balance: collectively evaluated for impairment	5,440	4,263	5,214
Ending balance: individually evaluated for impairment	946		946
Ending balance: collectively evaluated for impairment	314,132	259,326	306,465
Total	315,078	259,326	307,411
Nonresidential Properties
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	2,194	1,849	1,849
Provision charged to expense	(10)	291	341
Recoveries		2	4
Balance, end of period	2,184	2,142	2,194
Ending balance: individually evaluated for impairment	41	31	40
Ending balance: collectively evaluated for impairment	2,143	2,111	2,154
Ending balance: individually evaluated for impairment	5,171	5,182	5,184
Ending balance: collectively evaluated for impairment	210,169	205,043	213,745
Total	215,340	210,225	218,929
Construction and Land
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	1,820	1,782	1,782
Provision charged to expense	107	123	38
Balance, end of period	1,927	1,905	1,820
Ending balance: collectively evaluated for impairment	1,927	1,905	1,820
Ending balance: collectively evaluated for impairment	119,339	100,202	105,858
Total	119,339	100,202	105,858
Business
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	254	254	254
Provision charged to expense	(10)	(22)	(95)
Recoveries	2	7	95
Balance, end of period	246	239	254
Ending balance: collectively evaluated for impairment	246	239	254
Ending balance: collectively evaluated for impairment	142,135	11,183	94,947
Total	142,135	11,183	94,947
Consumer Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	278	9	9
Provision charged to expense	365	2	270
Losses charged-off	(50)		(6)
Recoveries			5
Balance, end of period	593	11	278
Ending balance: collectively evaluated for impairment	593	11	278
Ending balance: collectively evaluated for impairment	36,706	1,288	26,517
Total	$ 36,706	$ 1,288	$ 26,517

Information Relates to Impaired

Information Relates to Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	$ 20,209	$ 20,696	$ 17,104
Recorded Investment With No Allowance	16,051	16,372	13,264
Recorded Investment With Allowance	2,828	2,980	2,834
Total Recorded Investment	18,879	19,352	16,098
Related Allowance	284	292	289
Average Recorded Investment	18,286	18,289	18,158
Interest Income Recognized on Cash Basis	72	388	66
1-4 Family Residential
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	13,636	14,118	11,859
Recorded Investment With No Allowance	10,302	10,613	8,454
Recorded Investment With Allowance	2,460	2,609	2,462
Total Recorded Investment	12,762	13,222	10,916
Related Allowance	243	252	258
Average Recorded Investment	12,325	12,306	12,568
Interest Income Recognized on Cash Basis	64	321	57
Nonresidential Properties
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	5,627	5,632	5,245
Recorded Investment With No Allowance	4,803	4,813	4,810
Recorded Investment With Allowance	368	371	372
Total Recorded Investment	5,171	5,184	5,182
Related Allowance	41	40	31
Average Recorded Investment	5,351	5,339	4,419
Interest Income Recognized on Cash Basis	8	33	9
Multifamily
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	946	946
Recorded Investment With No Allowance	946	946
Total Recorded Investment	946	946
Average Recorded Investment	420	231	6
Interest Income Recognized on Cash Basis		34
Construction and Land
Financing Receivable Impaired [Line Items]
Average Recorded Investment	188	405	1,035
Business
Financing Receivable Impaired [Line Items]
Average Recorded Investment	$ 2	$ 8	129
Consumer Loans
Financing Receivable Impaired [Line Items]
Average Recorded Investment			$ 1

Summary of Premises and Equipme

Summary of Premises and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 57,097	$ 56,304
Less: accumulated depreciation and amortization	(23,472)	(24,259)
Total premises and equipment	33,625	32,045
Land
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	3,645	3,897
Building Improvements
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	20,181	17,119
Leasehold Improvements
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	23,976	26,104
Furniture, Fixtures and Equipment
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 9,295	$ 9,184

Premises and Equipment - Additi

Premises and Equipment - Additional Information (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Property Plant And Equipment [Line Items]
Depreciation and amortization	$ 603,211	$ 602,267
Property, plant and equipment, gross	57,097,000		$ 56,304,000
Leasehold Improvements
Property Plant And Equipment [Line Items]
Increase (decrease) in property, plant and equipment			2,100
Property, plant and equipment, gross	23,976,000		26,104,000
Building Improvements
Property Plant And Equipment [Line Items]
Increase (decrease) in property, plant and equipment			3,100
Property, plant and equipment, gross	20,181,000		17,119,000
Furniture, Fixtures and Equipment
Property Plant And Equipment [Line Items]
Increase (decrease) in property, plant and equipment			111,000,000
Property, plant and equipment, gross	9,295,000		9,184,000
Offset Improvement
Property Plant And Equipment [Line Items]
Increase (decrease) in property, plant and equipment	367,000,000
Property, plant and equipment, gross	538,000,000
Land
Property Plant And Equipment [Line Items]
Increase (decrease) in property, plant and equipment			252,000,000
Property, plant and equipment, gross	3,645,000		$ 3,897,000
Buildings
Property Plant And Equipment [Line Items]
Increase (decrease) in property, plant and equipment	$ 3,200,000

Deposits - Summarized Deposits

Deposits - Summarized Deposits (Details) - USD ($) $ in Thousands		Mar. 31, 2021	Dec. 31, 2020
Banking And Thrifts [Abstract]
Demand	[1]	$ 242,255	$ 189,855
NOW/IOLA accounts		32,235	39,296
Money market accounts		157,271	136,258
Reciprocal deposits		137,402	131,363
Savings accounts		130,211	125,820
Total NOW, money market, reciprocal and savings		457,119	432,737
Certificates of deposit of $250K or more		77,418	78,435
Brokered certificates of deposits		86,004	52,678
Listing service deposits	[2]	61,133	39,476
Certificates of deposit less than $250K		214,617	236,398
Total certificates of deposit		439,172	406,987
Total interest-bearing deposits		896,291	839,724
Total deposits		$ 1,138,546	$ 1,029,579
[1]	As of March 31, 2021 and December 31, 2020, included in demand deposits are deposits related to net PPP funding.
[2]	As of March 31, 2021 and December 31, 2020, there were $28.8 million and $27.0 million, respectively, in individual listing service deposits amounting to $250,000 or more.

Deposits - Summarized Deposit_2

Deposits - Summarized Deposits (Parenthetical) (Details) - USD ($)		Mar. 31, 2021	Dec. 31, 2020
Time Deposits [Line Items]
Individual brokered certification of deposit		$ 28,800,000	$ 27,000,000
Listing service deposits	[1]	61,133,000	$ 39,476,000
Minimum
Time Deposits [Line Items]
Listing service deposits		$ 250,000
[1]	As of March 31, 2021 and December 31, 2020, there were $28.8 million and $27.0 million, respectively, in individual listing service deposits amounting to $250,000 or more.

Deposits - Scheduled Maturities

Deposits - Scheduled Maturities of Certificates of Deposit (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Banking And Thrifts [Abstract]
2022	$ 250,430
2023	71,323
2024	28,812
2025	25,468
2026	59,139
Thereafter	4,000
Total certificates of deposit	$ 439,172	$ 406,987

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Banking And Thrifts [Abstract]
Overdrawn deposit reclassified to loans amounted	$ 61,556	$ 101,715

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Line Of Credit Facility [Line Items]
Advance from the Federal Home Loan Bank	$ 109,300		$ 109,300
Guarantee from the FHLBNY through a standby letter of credit	61,500		61,500
Unsecured fed fund line amount outstanding	25,000		25,000
Unsecured fed fund line amount outstanding	13,336		4,939
Repayments of advances from FHLBNY	8,500	$ 75,750
Interest expense on FHLBNY advances	543,671	581,259
Interest Expense on overnight advances	308	5,233
Collateral in residential 1-4 and multifamily mortgage loans available to secure advances from the FHLBNY	$ 358,600		336,800
Warehouse line of credit expiration date	Jun. 30, 2021
Interest Expense	$ 2,285	$ 3,106
Mortgage loans funding payable	676,170		1,500
Warehouse Line of Credit #1
Line Of Credit Facility [Line Items]
Unsecured fed fund line amount outstanding	$ 11,432		2,171
Debt Instrument, Interest Rate, Basis for Effective Rate	The interest rate is based on the 30-day LIBOR rate plus 3.25%.
Line of credit facility, effective interest rate	3.44%
Warehouse Line of Credit #2
Line Of Credit Facility [Line Items]
Unsecured fed fund line amount outstanding	$ 1,904		2,768
Debt Instrument, Interest Rate, Basis for Effective Rate	The interest rate is based on the 30-day LIBOR rate plus 3.00%
Line of credit facility, effective interest rate	3.19%
Interest Expense	$ 139,873
Variable Rate Above LIBOR | Warehouse Line of Credit #1
Line Of Credit Facility [Line Items]
Interest rate, LIBOR/Variable rate	3.25%
Variable Rate Above LIBOR | Warehouse Line of Credit #2
Line Of Credit Facility [Line Items]
Interest rate, LIBOR/Variable rate	3.00%
FHLBNY
Line Of Credit Facility [Line Items]
Unsecured fed fund line amount outstanding	$ 0		$ 0
Repayments of advances from FHLBNY	$ 8,000

Borrowings - Schedule of Borrow

Borrowings - Schedule of Borrowed Funds FHLBNY and Correspondent Bank Advances Maturity and Call Date (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Line Of Credit Facility [Line Items]
2021	$ 3,000	$ 3,000
2022	77,880	77,880
2023	28,375	28,375
Total	109,255	117,255
2021	3,000	3,000
2022	77,880	77,880
2023	28,375	28,375
Total	$ 109,255	$ 117,255
2021	1.84%	1.84%
2022	1.73%	1.73%
2023	2.82%	2.82%
Total	2.02%	1.90%
Correspondent Bank
Line Of Credit Facility [Line Items]
Overnight line of credit advance		$ 8,000
Overnight line of credit advance		$ 8,000
Overnight line of credit advance		0.34%

Borrowings - Schedule of Wareho

Borrowings - Schedule of Warehouse Lines of Credit (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Credit Line Maximum	$ 25,000	$ 34,900
Unused Line of Credit	13,336	4,939
Balance	11,664	29,961
Warehouse Line of Credit #1
Debt Instrument [Line Items]
Credit Line Maximum	20,000	29,900
Unused Line of Credit	11,432	2,171
Balance	8,568	27,729
Warehouse Line of Credit #2
Debt Instrument [Line Items]
Credit Line Maximum	5,000	5,000
Unused Line of Credit	1,904	2,768
Balance	$ 3,096	$ 2,232

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Federal:
Current	$ 560	$ 158
Deferred	36	(276)
Federal income tax provision (benefit)	596	(118)
State and local:
Current	68	58
Deferred	310	(690)
State and local income tax provision (benefit)	378	(632)
Valuation allowance	(242)	541
Provision (benefit) for income taxes	$ 732	$ (209)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Taxes [Line Items]
Federal income tax rate	21.00%	21.00%
Increased in valuation allowance	$ 242,000	$ (541,000)
Net operating loss to offset income limited	80.00%
Net operating loss generated			$ 0	$ 0	$ 0
Operating Loss Carry back			0	$ 0	$ 0
New Jersey Division of Taxation
Income Taxes [Line Items]
Net operating loss carryforwards	$ 0
pre-2015 carryforwards [Member] | New york State [Member]
Income Taxes [Line Items]
Net operating loss carryforwards	772,000,000
pre-2015 carryforwards [Member] | New York State
Income Taxes [Line Items]
Net operating loss carryforwards	528,000,000
post-2015 carryforwards [Member] | New york State [Member]
Income Taxes [Line Items]
Net operating loss carryforwards	20,400,000
post-2015 carryforwards [Member] | New York State
Income Taxes [Line Items]
Net operating loss carryforwards	36,000,000
CARES ACT [Member]
Income Taxes [Line Items]
Net operating loss carryforwards	0
NEW YORK
Income Taxes [Line Items]
Increased in valuation allowance	242,000	$ 541,000
Unrecognized tax benefits	$ 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, 2021	Mar. 31, 2020
Income Tax Expense Benefit Continuing Operations Income Tax Reconciliation [Abstract]
Income tax, at federal rate	$ 669	$ (299)
State and local tax, net of federal taxes	299	(500)
Valuation allowance, net of the federal benefit	(242)	541
Other	6	49
Provision (benefit) for income taxes	$ 732	$ (209)

Income Taxes - Significant Defe

Income Taxes - Significant Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Allowance for loan losses	$ 5,054	$ 4,846
Deferred loan fees	167
Interest on nonaccrual loans	711	792
Amortization of intangible assets	65	70
Deferred rent payable	124	120
Depreciation of premises and equipment		79
Net operating losses	3,802	3,990
Charitable contribution carryforward	1,273	1,366
Compensation and benefits	483	326
Other	69	78
Total gross deferred tax assets	11,748	11,667
Deferred tax liabilities:
Depreciation of premises and equipment	903
Deferred loan fees		475
Unrealized gain on available-for-sale securities	8	25
Other	38	39
Total gross deferred tax liabilities	949	539
Valuation allowance	6,230	6,472
Net deferred tax assets	$ 4,569	$ 4,656

Compensation and Benefit Plan_2

Compensation and Benefit Plans - Additional Information (Details)	Jan. 01, 2021	Dec. 14, 2020shares	Jun. 01, 2020shares	Nov. 13, 2019shares	Mar. 25, 2019shares	Mar. 31, 2021USD ($)Executive$ / sharesshares	Mar. 31, 2020USD ($)shares	Dec. 31, 2020$ / sharesshares	Dec. 31, 2019$ / shares
Compensation And Benefit Plans Disclosure [Line Items]
Expenses recognized | $						$ 86,555	$ 267,067
Maximum employer matching contribution percentage						4.00%
Employer matching contribution percentage	3.00%					3.00%
ESOP related compensation expense including equalization expense | $						$ 156,853,000	$ 156,167,000
Number of option grants						0		40,000
Total remaining unrecognized compensation cost | $						$ 3,800,000
Weighted average period expected to be recognized						81 months
Weighted-average exercise price for options | $ / shares						$ 12.02		$ 12.02	$ 12.77
Weighted average remaining contractual life						7 years 7 months 6 days
Weighted average period expected to be recognized						4 years 6 months
Number of shares exercisable						55,938		55,938
Stock repurchase program, number of shares repurchase						1,444,776
Shares withheld for tax withholding obligation						166
Common Stock
Compensation And Benefit Plans Disclosure [Line Items]
Stock repurchase program, expire date		Jun. 13, 2021	Nov. 30, 2020	Mar. 27, 2020	Sep. 24, 2019
Stock repurchase program, percentage of shares repurchase		5.00%	5.00%	5.00%	5.00%
Stock repurchase program, number of shares repurchase						107,717	151,394
Common Stock | Maximum
Compensation And Benefit Plans Disclosure [Line Items]
Stock repurchase program, number of shares repurchase		852,302	864,987	878,835	923,151
Executive Officers
Compensation And Benefit Plans Disclosure [Line Items]
Vesting percentage								20.00%
Non-Executive Officers
Compensation And Benefit Plans Disclosure [Line Items]
Vesting percentage								20.00%
Non-Executive Officers Not Director
Compensation And Benefit Plans Disclosure [Line Items]
Vesting percentage								20.00%
Restricted Stock Units
Compensation And Benefit Plans Disclosure [Line Items]
Number of stock grants						0		15,000
Compensation expense | $						$ 318,265	$ 323,620
Total remaining unrecognized compensation cost | $						$ 453,664,000
Weighted average period expected to be recognized						81 months
Stock Options
Compensation And Benefit Plans Disclosure [Line Items]
Compensation expense | $						$ 33,088,000	$ 28,712,000
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						63,159		63,159
Stock repurchase program, number of shares repurchase						1,631,570
Stock repurchase program, weighted average price per share | $ / shares						$ 13.27
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						189,476		189,476
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 | Non-Executive Officers
Compensation And Benefit Plans Disclosure [Line Items]
Number of stock grants						40,000
2018 Long-Term Incentive Plan | Restricted Stock Units | Non-Executive Officers | December 31, 2020
Compensation And Benefit Plans Disclosure [Line Items]
Number of stock grants								15,000
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						186,960
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 | Incentive Options | Non-Executive Officers | December 31, 2020
Compensation And Benefit Plans Disclosure [Line Items]
Number of stock grants								40,000
2018 Long-Term Incentive Plan | Non-qualified Options | Outside Directors
Compensation And Benefit Plans Disclosure [Line Items]
Number of option grants						44,590
2020 Long-Term Incentive Plan
Compensation And Benefit Plans Disclosure [Line Items]
Number of issuable stock options converted into restricted stock units						45,000
Number of restricted stock units converted from issuable stock options						15,000
Supplemental Executive Retirement Plan
Compensation And Benefit Plans Disclosure [Line Items]
Expense recognized | $						$ 15,125,000	$ 15,125,000
Number of key executive under retirement plan | Executive						1
Employee Stock Ownership Plan
Compensation And Benefit Plans Disclosure [Line Items]
ESOP borrowed amount | $						$ 7,200,000
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

Compensation and Benefit Plan_3

Compensation and Benefit Plans - Summary of ESOP Shares (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Shares committed-to-be released	12,063	48,250	12,063
Shares allocated to participants	177,520	129,270
Unallocated shares	518,688	530,751
Total	708,271	708,271
Fair value of unallocated shares	$ 5,763	$ 5,578

Compensation and Benefit Plan_4

Compensation and Benefit Plans - Schedule of Restricted Stock Units Awards Activity and Related Information (Details) - Restricted Stock Units - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Non-vested, beginning of year	335,919	420,744
Number of Shares, Granted	0	15,000
Number of Shares, Forfeited	0	(3,000)
Number of Shares, Vested	0	(96,825)
Number of Shares, Non-vested, ending of year	335,919	335,919
Weighted-Average Grant Date Fair Value Per Share, Non-vested, beginning of year	$ 12.66	$ 12.78
Weighted-Average Grant Date Fair Value Per Share, Granted	0	10.05
Weighted-Average Grant Date Fair Value Per Share, Forfeited	0	12.77
Weighted-Average Grant Date Fair Value Per Share, Vested	0	12.77
Weighted-Average Grant Date Fair Value Per Share, Non-vested, ending of year	$ 12.66	$ 12.66

Compensation and Benefit Plan_5

Compensation and Benefit Plans - Schedule of Stock Option Awards Activity and Related Information (Details) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Options, Outstanding, beginning of year	203,766	163,766
Number of option grants	0	40,000
Options, Exercised	0
Options, Forfeited	0
Options, Outstanding, end of year	203,766	203,766
Options, Exercisable, end of year	55,938	55,938
Weighted-Average Exercise Price Per Share, Outstanding, beginning of year	$ 12.02	$ 12.77
Weighted-Average Exercise Price Per Share, Granted	0	8.93
Weighted-Average Exercise Price Per Share, Exercised	0
Weighted-Average Exercise Price Per Share, Forfeited	0
Weighted-Average Exercise Price Per Share, Outstanding, end of year	12.02	12.02
Weighted-Average Exercise Price Per Share, Exercisable, end of year	$ 12.77	$ 12.77

Compensation and Benefit Plan_6

Compensation and Benefit Plans - Schedule of Stock Option Awards Activity and Related Information (Parenthetical) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Average Intrinsic Value, Outstanding, end of year	$ 0	$ 0
Average Intrinsic Value, Exercisable, end of year	$ 0	$ 0

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 (Details) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected life	4 years 6 months
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	38.51%	16.94%
Risk-free interest rate	0.48%	2.51%
Weighted average grant date fair value	$ 3.77	$ 4.01

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Reconciliation of Number of Shares Used in Calculation of Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Net income (loss)	$ 2,452	$ (1,213)
Common shares outstanding for basic EPS:
Weighted average common shares outstanding	17,078,813	17,379,406
Less: Weighted average unallocated Employee Stock Ownership Plan (ESOP) shares	530,617	578,868
Basic weighted average common shares outstanding	16,548,196	16,800,538
Basic earnings (loss) per common share	$ 0.15	$ (0.07)
Dilutive potential common shares:
Diluted weighted average common shares outstanding	16,548,196	16,800,538
Diluted earnings (loss) per common share	$ 0.15	$ (0.07)

Commitments, Contingencies an_3

Commitments, Contingencies and Credit Risk - Financial Instruments Whose Contractual Amounts Represent Credit Risk (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Contractual amounts represent credit risk	$ 164,253	$ 151,259
Commitments to Grant Mortgage Loans
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Contractual amounts represent credit risk	119,866	101,722
Commitments to Sell Loans at Lock-In Rates
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Contractual amounts represent credit risk	5,995	11,276
Unfunded Commitments Under Lines of Credit
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Contractual amounts represent credit risk	$ 38,392	$ 38,261

Commitments, Contingencies an_4

Commitments, Contingencies and Credit Risk - Additional Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)InvestorState	Mar. 31, 2020USD ($)
Loss Contingencies [Line Items]
Repurchase or indemnification requests for loans sold	$ 0
Lease expiration year	2036
Rental expenses under operating leases	$ 503,240	$ 128,642
Sale Leaseback Transaction for Real Property
Loss Contingencies [Line Items]
Sale leaseback transaction, initial agreement period	15 years
Sale leaseback transaction, annual rent	$ 145,000
Sale leaseback transaction, percentage increase in annual rent	1.50%
Gain on sale and leaseback transaction	$ 662,546
Sale leaseback transaction, lease terms	Under the lease agreement, the Bank has four (4) consecutive options to extend the term of the lease by five (5) years for each such option.
Mortgage World Bankers Inc
Loss Contingencies [Line Items]
Total loan volume insured	6.90%
Total loan volume sold	78.50%
Number of investors loan volume sold | Investor	3
Number of states in which loan closed | State	5
Total closed loan volume	98.80%
Number of states in which loan closed | State	2

Commitments, Contingencies an_5

Commitments, Contingencies and Credit Risk - Projected Minimum Rental Payments under Terms of Leases (Details) $ in Thousands	Mar. 31, 2021USD ($)
Operating Leases Future Minimum Payments Due [Abstract]
Remainder of 2021	$ 1,258
2022	1,574
2023	1,526
2024	1,512
2025	1,433
2026	1,170
Thereafter	4,722
Projected minimum rental payments	$ 13,195

Fair Value - Additional Informa

Fair Value - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Aggregate unpaid pricipal balance	$ 13,500,000
Mortgage loans held for sale, at fair value	$ 13,700,000
Significant purchase commitment description	Mortgage World enters into rate lock commitments to extend credit to borrowers for generally up to a 60 day period for origination and/or purchase of loans. To the extent that a loan is ultimately granted and the borrower ultimately accepts the terms of the loan, these loan commitments expose Mortgage World to variability in its fair value due to changes in interest rates.
Derivative, notional amount	$ 6,000,000	$ 11,300,000
Derivatives from interest rate lock commitments	$ 59,000	$ 166,000

Fair Value - Summary of Changes

Fair Value - Summary of Changes in Derivatives From Interest Rate Lock Commitments are Measured at Fair Value (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Balance as of December 31, 2020	$ 166
Change in fair value of derivative instrument reported in earnings	(107)
Balance as of March 31, 2021	$ 59

Fair Value - Assets Measured at

Fair Value - Assets Measured at Fair Value on Recurring Basis (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	$ 13,700,000
Available-for-sale securities measure at fair value on recurring basis	59,000	$ 166,000
Fair Value Measurement Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	44,713,000	53,070,000
Available-for-sale securities measure at fair value on recurring basis	13,725,000	35,406,000
Available-for-sale securities measure at fair value on recurring basis	59,000	166,000
Fair Value Measurement Recurring | 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	44,654,000	52,904,000
Available-for-sale securities measure at fair value on recurring basis	13,725,000	35,406,000
Fair Value Measurement Recurring | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	59,000	166,000
Available-for-sale securities measure at fair value on recurring basis	59,000	166,000
U.S. Government Bonds | Fair Value Measurement Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	2,988,000
U.S. Government Bonds | Fair Value Measurement Recurring | 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	2,988,000
Corporate Bonds | Fair Value Measurement Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	13,557,000	10,463,000
Corporate Bonds | Fair Value Measurement Recurring | 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	13,557,000	10,463,000
FNMA Certificates | Fair Value Measurement Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	7,161,000	3,567,000
FNMA Certificates | Fair Value Measurement Recurring | 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	7,161,000	3,567,000
GNMA Certificates | Fair Value Measurement Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	248,000	272,000
GNMA Certificates | Fair Value Measurement Recurring | 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	248,000	272,000
Collateralized Mortgage Obligations | Fair Value Measurement Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	6,975,000
Collateralized Mortgage Obligations | Fair Value Measurement Recurring | 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	$ 6,975,000
FHLMC Certificates | Fair Value Measurement Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis		3,196,000
FHLMC Certificates | Fair Value Measurement Recurring | 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		$ 3,196,000

Fair Value - Assets Measured _2

Fair Value - Assets Measured at Fair Value on Nonrecurring Basis (Details) - Impaired Loans - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on nonrecurring basis	$ 18,879	$ 19,352
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on nonrecurring basis	$ 18,879	$ 19,352

Fair Value - Estimated Fair Val

Fair Value - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Available-for-sale securities, at fair value (Note 4)	$ 30,929	$ 17,498
Held-to-maturity securities, at amortized costs	1,732	1,743
Mortgage loans held for sale, at fair value	13,700
Warehouse lines of credit (Note 8)	11,664	29,961
Mortgage loan fundings payable (Note 8)	676	1,483
Carrying Amount
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	90,122	72,078
Available-for-sale securities, at fair value (Note 4)	30,929	17,498
Held-to-maturity securities, at amortized costs	1,732	1,743
Placements with banks	2,739	2,739
Mortgage loans held for sale, at fair value	13,725	35,406
Loans receivable, net	1,230,458	1,158,640
Accrued interest receivable	12,547	11,396
FHLBNY stock	6,057	6,426
Demand deposits	242,255	189,855
Interest-bearing deposits	457,119	432,737
Certificates of deposit	439,172	406,987
Advance payments by borrowers for taxes and insurance	9,264	7,019
Advances from FHLBNY	109,255	117,255
Warehouse lines of credit (Note 8)	11,664	29,961
Mortgage loan fundings payable (Note 8)	676	1,483
Accrued interest payable	66	60
Fair Value Measurements
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	90,122	72,078
Available-for-sale securities, at fair value (Note 4)	30,929	17,498
Held-to-maturity securities, at amortized costs	1,661	1,722
Placements with banks	2,739	2,739
Mortgage loans held for sale, at fair value	13,725	35,406
Loans receivable, net	1,244,854	1,182,971
Accrued interest receivable	12,547	11,396
FHLBNY stock	6,057	6,426
Demand deposits	242,255	189,855
Interest-bearing deposits	457,119	432,737
Certificates of deposit	445,260	411,742
Advance payments by borrowers for taxes and insurance	9,264	7,019
Advances from FHLBNY	111,123	119,248
Warehouse lines of credit (Note 8)	11,664	29,961
Mortgage loan fundings payable (Note 8)	676	1,483
Accrued interest payable	66	60
Fair Value Measurements | Level 1
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	90,122	72,078
FHLBNY stock	6,057	6,426
Demand deposits	242,255	189,855
Interest-bearing deposits	457,119	432,737
Fair Value Measurements | Level 2
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Available-for-sale securities, at fair value (Note 4)	30,929	17,498
Held-to-maturity securities, at amortized costs	1,661	1,722
Placements with banks	2,739	2,739
Mortgage loans held for sale, at fair value	13,725	35,406
Accrued interest receivable	12,547	11,396
Certificates of deposit	445,260	411,742
Advance payments by borrowers for taxes and insurance	9,264	7,019
Advances from FHLBNY	111,123	119,248
Warehouse lines of credit (Note 8)	11,664	29,961
Mortgage loan fundings payable (Note 8)	676	1,483
Accrued interest payable	66	60
Fair Value Measurements | Level 3
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loans receivable, net	$ 1,244,854	$ 1,182,971

Regulatory Capital Requiremen_3

Regulatory Capital Requirements - Additional Information (Details)	12 Months Ended
	Dec. 31, 2019	Mar. 31, 2021	Dec. 31, 2020
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Percentage of capital buffer		7.80%	7.95%
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)	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)
PDL Community Bancorp
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Capital to Risk-Weighted Assets, Actual Amount	$ 173,715	$ 171,578
Tier 1 Capital to Risk-Weighted Assets, Actual Amount	161,176	159,410
Common Equity Tier 1 Capital Ratio, Actual Amount	161,176	159,410
Tier 1 Capital to Total Assets, Actual Amount	$ 161,176	$ 159,410
Total Capital to Risk-Weighted Assets, Actual Ratio	0.1737	0.1768
Tier 1 Capital to Risk-Weighted Assets, Actual Ratio	0.1612	0.1642
Common Equity Tier 1 Capital Ratio, Actual Ratio	0.1612	0.1642
Tier 1 Capital to Total Assets, Actual Ratio	0.1175	0.1334
Total Capital to Risk-Weighted Assets, For Capital Adequacy Amount	$ 79,996	$ 77,644
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Amount	59,997	58,233
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Amount	44,998	43,675
Tier 1 Capital to Total Assets, For Capital Adequacy Amount	$ 54,887	$ 47,814
Total Capital to Risk-Weighted Assets, For Capital Adequacy Ratio	0.0800	0.0800
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio	0.0600	0.0600
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio	0.0450	0.0450
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio	0.0400	0.0400
Total Capital to Risk-Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 99,995	$ 97,055
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	79,996	77,644
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	64,996	63,086
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 68,609	$ 59,768
Total Capital to Risk-Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.1000	0.1000
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.0800	0.0800
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.0650	0.0650
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.0500	0.0500
Ponce Bank
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Capital to Risk-Weighted Assets, Actual Amount	$ 157,325	$ 153,951
Tier 1 Capital to Risk-Weighted Assets, Actual Amount	144,836	141,850
Common Equity Tier 1 Capital Ratio, Actual Amount	144,836	141,850
Tier 1 Capital to Total Assets, Actual Amount	$ 144,836	$ 141,850
Total Capital to Risk-Weighted Assets, Actual Ratio	0.1580	0.1595
Tier 1 Capital to Risk-Weighted Assets, Actual Ratio	0.1454	0.1470
Common Equity Tier 1 Capital Ratio, Actual Ratio	0.1454	0.1470
Tier 1 Capital to Total Assets, Actual Ratio	0.1078	0.1119
Total Capital to Risk-Weighted Assets, For Capital Adequacy Amount	$ 79,677	$ 77,213
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Amount	59,757	57,909
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Amount	44,818	43,432
Tier 1 Capital to Total Assets, For Capital Adequacy Amount	$ 53,728	$ 50,715
Total Capital to Risk-Weighted Assets, For Capital Adequacy Ratio	0.0800	0.0800
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio	0.0600	0.0600
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio	0.0450	0.0450
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio	0.0400	0.0400
Total Capital to Risk-Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 99,596	$ 96,516
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	79,677	77,213
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	64,737	62,735
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 67,160	$ 63,394
Total Capital to Risk-Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.1000	0.1000
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.0800	0.0800
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.0650	0.0650
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.0500	0.0500

Regulatory Capital Requiremen_5

Regulatory Capital Requirements - Summary of Minimum Capital Requirements (Details) - Mortgage World Bankers Inc $ in Thousands	Mar. 31, 2021USD ($)
HUD
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Capital to Risk-Weighted Assets, Actual Amount	$ 1,000
New York Department of Financial Services
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Capital to Risk-Weighted Assets, Actual Amount	250
Other State Banking Departments
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Capital to Risk-Weighted Assets, Actual Amount	$ 250

Components of Accumulated Other

Components of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive income (loss) beginning balance		$ 20
Other comprehensive income (loss), net of tax	$ (107)	115
Unrealized gains on available-for-sale securities, net
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive income (loss) beginning balance	135	20
Other comprehensive income (loss), net of tax	(107)	115
Accumulated other comprehensive income (loss) ending balance	28	135
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive income (loss) beginning balance	135
Accumulated other comprehensive income (loss) ending balance	$ 28	$ 135

Aggregate Loan Transactions wit

Aggregate Loan Transactions with Related Parties (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Receivables [Abstract]
Beginning balance	$ 424	$ 1,260
Originations	10
Payments	(10)	(16)
Ending balance	$ 424	$ 1,244

Transactions with Related Par_3

Transactions with Related Parties - Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Related Party Transactions [Abstract]
Deposits from directors, executive officers and non-executive officers	$ 6.8	$ 6.9

Segment Reporting - Schedule of

Segment Reporting - Schedule of Segment Profit and Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Segment Reporting Information [Line Items]
Interest and dividend income	$ 15,177	$ 13,030
Interest Expense	2,285	3,106
Net interest income	12,892	9,924
Provision for loan losses	686	1,146
Net interest income after provision for loan losses	12,206	8,778
Non-interest income:
Service charges and fees	329	248
Brokerage commissions	223	50
Late and prepayment charges	244	119
Income on sale of mortgage loans	1,508
Loan origination	539
Gain on sale of real property	663
Other	387	205
Total non-interest income	3,893	622
Non-interest expense:
Compensation and benefits	5,664	5,008
Occupancy and equipment	2,634	2,017
Data processing expenses	594	467
Direct loan expenses	1,009	212
Insurance and surety bond premiums	146	121
Office supplies, telephone and postage	409	316
Professional fees	1,262	1,627
Marketing and promotional expenses	38	234
Directors fees	69	69
Regulatory dues	60	46
Other operating expenses	1,030	705
Total non-interest expense	12,915	10,822
Income (loss) before income taxes	3,184	(1,422)
Provision (benefit) for income taxes (Note 9)	732	(209)
Net income (loss)	2,452	(1,213)
Total assets	1,433,707		$ 1,355,231
Ponce Bank
Segment Reporting Information [Line Items]
Interest and dividend income	15,027	13,030
Interest Expense	2,186	3,174
Net interest income	12,841	9,856
Provision for loan losses	686	1,146
Net interest income after provision for loan losses	12,155	8,710
Non-interest income:
Service charges and fees	329	248
Brokerage commissions		50
Late and prepayment charges	244	119
Gain on sale of real property	663
Other	568	333
Total non-interest income	1,804	750
Non-interest expense:
Compensation and benefits	4,072	4,656
Occupancy and equipment	2,498	2,004
Data processing expenses	581	467
Direct loan expenses	462	212
Insurance and surety bond premiums	146	121
Office supplies, telephone and postage	352	316
Professional fees	777	1,277
Marketing and promotional expenses	29	234
Directors fees	69	69
Regulatory dues	60	46
Other operating expenses	954	692
Total non-interest expense	10,000	10,094
Income (loss) before income taxes	3,959	(634)
Provision (benefit) for income taxes (Note 9)	1,105	(58)
Net income (loss)	2,854	(576)
Total assets	1,414,832		1,315,287
Mortgage World
Segment Reporting Information [Line Items]
Interest and dividend income	150
Interest Expense	140
Net interest income	10
Net interest income after provision for loan losses	10
Non-interest income:
Brokerage commissions	223
Income on sale of mortgage loans	1,508
Loan origination	539
Other	88
Total non-interest income	2,358
Non-interest expense:
Compensation and benefits	1,241
Occupancy and equipment	122
Data processing expenses	13
Direct loan expenses	547
Office supplies, telephone and postage	57
Professional fees	244
Marketing and promotional expenses	9
Other operating expenses	58
Total non-interest expense	2,291
Income (loss) before income taxes	77
Provision (benefit) for income taxes (Note 9)	40
Net income (loss)	37
Total assets	19,694		38,397
PDL Community Bancorp
Segment Reporting Information [Line Items]
Interest and dividend income	41	68
Net interest income	41	68
Net interest income after provision for loan losses	41	68
Non-interest expense:
Compensation and benefits	351	352
Occupancy and equipment	14	13
Professional fees	381	350
Other operating expenses	147	141
Total non-interest expense	893	856
Income (loss) before income taxes	(852)	(788)
Provision (benefit) for income taxes (Note 9)	(413)	(151)
Equity in undistributed earnings of Ponce Bank and Mortgage World	2,891	(576)
Net income (loss)	2,452	(1,213)
Total assets	161,463		159,811
Eliminations
Segment Reporting Information [Line Items]
Interest and dividend income	(41)	(68)
Interest Expense	(41)	(68)
Non-interest income:
Other	(269)	(128)
Total non-interest income	(269)	(128)
Non-interest expense:
Professional fees	(140)
Other operating expenses	(129)	(128)
Total non-interest expense	(269)	(128)
Equity in undistributed earnings of Ponce Bank and Mortgage World	(2,891)	576
Net income (loss)	(2,891)	$ 576
Total assets	$ (162,282)		$ (158,264)

Subsequent Events - Additional

Subsequent Events - Additional Information (Details)	3 Months Ended
	Mar. 31, 2021shares
Bank of America Strategic Investments Corporation
Subsequent Event [Line Items]
Treasury stock shares sold	348,739