Ponce Financial (PDLB) 10-Q 16 May 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2022	May 13, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Trading Symbol	PDLB
Entity Registrant Name	Ponce Financial Group, Inc.
Entity Current Reporting Status	Yes
Entity Central Index Key	0001874071
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		24,724,274
Entity File Number	001-41255
Entity Tax Identification Number	87-1893965
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
Entity Incorporation, State or Country Code	NY
Document Transition Report	false
Document Quarterly Report	true

Consolidated Statements of Fina

Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Cash and due from banks (Note 3):
Cash	$ 32,168	$ 98,954
Interest-bearing deposits in banks	37,127	54,940
Total cash and cash equivalents	69,295	153,894
Available-for-sale securities, at fair value (Note 4)	154,799	113,346
Held-to-maturity securities, at amortized cost (fair value 2022 $868; 2021 $914) (Note 4)	927	934
Placements with banks	2,490	2,490
Mortgage loans held for sale, at fair value	7,972	15,836
Loans receivable, net of allowance for loan losses - 2022 $16,893; 2021 $16,352 (Note 5)	1,300,446	1,305,078
Accrued interest receivable	12,799	12,362
Premises and equipment, net (Note 6)	19,279	19,617
Federal Home Loan Bank of New York (FHLBNY) stock, at cost	5,420	6,001
Deferred tax assets (Note 9)	7,440	3,820
Other assets	13,730	20,132
Total assets	1,594,597	1,653,510
Liabilities:
Deposits (Note 7)	1,181,165	1,204,716
Accrued interest payable	223	228
Advance payments by borrowers for taxes and insurance	10,161	7,657
Advances from the FHLBNY and others (Note 8)	93,375	106,255
Warehouse lines of credit (Note 8)	753	15,090
Second-step liabilities		122,000
Other liabilities	9,341	8,308
Total liabilities	1,295,018	1,464,254
Commitments and contingencies (Note 12)
Stockholders' Equity:
Preferred stock, $0.01 par value; 100,000,000 shares authorized, none issued
Common stock, $0.01 par value; 200,000,000 shares authorized; 24,724,274 shares issued and outstanding as of March 31, 2022 and 18,463,028 shares issued and 17,425,987 shares outstanding as of December 31, 2021	247	185
Treasury stock, at cost; no shares as of March 31, 2022 and 1,037,041 shares as of December 31, 2021 (Note 10)		(13,687)
Additional paid-in-capital	205,243	85,601
Retained earnings	116,136	122,956
Accumulated other comprehensive income (Note 15)	(7,035)	(1,456)
Unearned compensation ─ ESOP; 1,668,101 shares as of March 31, 2022 and 434,251 shares as of December 31, 2021 (Note 10)	(15,012)	(4,343)
Total stockholders' equity	299,579	189,256
Total liabilities and stockholders' equity	$ 1,594,597	$ 1,653,510

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Statement Of Financial Position [Abstract]
Held-to-maturity securities, at amortized cost ,fair value	$ 868	$ 914
Loans receivable, allowance for loan losses	$ 16,893	$ 16,352
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares, issued	24,724,274	18,463,028
Common stock, shares, outstanding	24,724,274	17,425,987
Treasury stock,repurchased	0	1,037,041
Unearned compensation, ESOP shares	1,668,101	434,251

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest and dividend income:
Interest on loans receivable	$ 18,200	$ 14,925
Interest on deposits due from banks	36	2
Interest and dividend on available-for-sale securities and FHLBNY stock	782	250
Total interest and dividend income	19,018	15,177
Interest expense:
Interest on certificates of deposit	803	1,219
Interest on other deposits	284	382
Interest on borrowings	593	684
Total interest expense	1,680	2,285
Net interest income	17,338	12,892
Provision for loan losses (Note 5)	1,258	686
Net interest income after provision for loan losses	16,080	12,206
Non-interest income:
Service charges and fees	440	329
Brokerage commissions	338	223
Late and prepayment charges	58	244
Income on sale of mortgage loans	418	1,508
Loan origination	461	539
Gain on sale of real property		663
Other	511	387
Total non-interest income	2,226	3,893
Non-interest expense:
Compensation and benefits	7,125	5,664
Occupancy and equipment	3,192	2,634
Data processing expenses	847	594
Direct loan expenses	874	1,009
Insurance and surety bond premiums	147	146
Office supplies, telephone and postage	405	409
Professional fees	1,334	1,262
Contribution to the Ponce De Leon Foundation (Note 2)	4,995
Grain write-off and write-down (Note 5)	8,074
Marketing and promotional expenses	71	38
Directors fees	71	69
Regulatory dues	83	60
Other operating expenses	856	1,030
Total non-interest expense	28,074	12,915
(Loss) income before income taxes	(9,768)	3,184
(Benefit) provision for income taxes (Note 9)	(2,948)	732
Net (loss) income	$ (6,820)	$ 2,452
(Loss) earnings per share (Note 11):
Basic	$ (0.31)	$ 0.15
Diluted	$ (0.31)	$ 0.15
Weighted average shares outstanding (Note 11):
Basic	21,721,113	16,548,196
Diluted	21,721,113	16,548,196

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net (loss) income	$ (6,820)	$ 2,452
Net change in unrealized (losses) on available-for-sale securities :
Unrealized losses	(7,108)	(80)
Income benefit effect	1,529	(27)
Total other comprehensive loss, net of tax	(5,579)	(107)
Total comprehensive (loss) income	$ (12,399)	$ 2,345

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Common StockRestricted Stock Units	Treasury Stock, At Cost	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Unallocated Common Stock of ESOP
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 (loss) income	2,452					2,452
Other comprehensive income (loss), net of tax	(107)						(107)
ESOP shares committed to be released (35,119 shares)	134				13			121
Share-based compensation	352				352
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
Treasury stock	(1,171)			(1,171)
Treasury stock, Shares		(107,717)
Balance at Dec. 31, 2021	189,256	$ 185		(13,687)	85,601	122,956	(1,456)	(4,343)
Balance, Shares at Dec. 31, 2021		17,425,987
Net (loss) income	(6,820)					(6,820)
Other comprehensive income (loss), net of tax	(5,579)						(5,579)
Conversion and reorganization of PDL Community Bancorp	118,010	$ 58			117,952
Conversion and reorganization of PDL Community Bancorp, shares		5,788,972
Retirement of treasury stock		$ (11)		$ 13,687	(13,676)
Purchase of shares by the Employee Stock Ownership Pan ("ESOP')		$ 11			10,963			(10,974)
Purchase of shares by the Employee Stock Ownership Pan ("ESOP'), shares		1,097,353
Issuance of shares to the Ponce De Leon Foundation	3,995	$ 4			3,991
Issuance of shares to the Ponce De Leon Foundation, shares		399,522
Release of restricted stock units, shares			12,440
ESOP shares committed to be released (35,119 shares)	366				61			305
Share-based compensation	351				351
Balance at Mar. 31, 2022	$ 299,579	$ 247			$ 205,243	$ 116,136	$ (7,035)	$ (15,012)
Balance, Shares at Mar. 31, 2022		24,724,274

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement Of Stockholders Equity [Abstract]
Number of ESOP shares committed to be released	35,119	12,063

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Cash Flows From Operating Activities:
Net (loss) income	$ (6,820,000)	$ 2,452,000
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of premiums/discounts on securities, net	67,000	20,000
Gain (loss) on sale of loans	(7,000)	152,000
Gain on sale of real property		(663,000)
Gain on derivatives	(152,000)	(59,000)
Provision for loan losses (Note 5)	1,258,000	686,000	$ 2,717,000
Depreciation and amortization	467,000	603,000
ESOP compensation	375,000	157,000
Share-based compensation expense	356,000	352,000
Deferred income taxes	(2,090,000)	254,000
Changes in assets and liabilities:
Decrease in mortgage loans held for sale, fair value	7,864,000	20,649,000
Increase in accrued interest receivable	(437,000)	(1,151,000)
Decrease in other assets	6,554,000	5,459,000
(Decrease) increase in accrued interest payable	(5,000)	6,000
Increase in advance payments by borrowers	2,504,000	2,245,000
Decrease in mortgage loan funding payable		(807,000)
Increase (decrease) in other liabilities	2,024,000	(7,744,000)
Net cash provided by operating activities	11,958,000	22,611,000
Cash Flows From Investing Activities:
Proceeds from redemption of FHLBNY stock	581,000	399,000
Purchases of FHLBNY Stock		(30,000)
Purchases of available-for-sale securities	(53,385,000)	(14,123,000)
Proceeds from maturities, calls and principal repayments on securities	4,763,000	634,000
Proceeds from sales of loans	3,699,000	880,000
Net increase in loans	(317,000)	(72,504,000)
Proceeds from sale of real property		2,417,000
Purchases of premises and equipment	(130,000)	(3,739,000)
Net cash used in investing activities	(44,789,000)	(86,066,000)
Cash Flows From Financing Activities:
Net (decrease) increase in deposits	(23,551,000)	108,967,000
Repurchase of treasury stock		(1,171,000)
Contribution to the Ponce De Leon Foundation	(1,000,000)
Proceeds from advances from FHLBNY		500,000
Repayments of advances from FHLBNY	(12,880,000)	(8,500,000)
Net advances on warehouse lines of credit	(14,337,000)	(18,297,000)
Net cash (used in) provided by financing activities	(51,768,000)	81,499,000
Net (decrease) increase in cash and cash equivalents	(84,599,000)	18,044,000
Cash and Cash Equivalents including restricted cash:
Beginning	153,894,000	72,078,000	72,078,000
Ending	69,295,000	90,122,000	$ 153,894,000
Supplemental disclosures of cash flow information:
Cash paid for interest on deposits and borrowings	1,685,000	2,279,000
Cash paid for income taxes	$ 42,000	$ 50,000

Nature of Business and Summary

Nature of Business and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
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: Ponce Financial Group, Inc., as the successor by merger with PDL Community Bancorp pursuant to the completion of the conversion and reorganization of Ponce Bank Mutual Holding Company from the mutual holding company to the stock holding company The Consolidated Financial Statements include the accounts of the Company, its wholly-owned subsidiary Ponce Bank (the “Bank”) and the Bank’s wholly-owned subsidiary, 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 savings and loan holding company. 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 13 full service banking and 4 mortgage loan 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 loan offices are located in Queens (2) and Brooklyn (1), New York 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 in September of 2017, 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 (“MDI”), a Community Development Financial Institution (“CDFI”), and a certified Small Business Administration (“SBA”) 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 Bankers, Inc. (“Mortgage World”). During the year ended December 31, 2021, Mortgage World was 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 was 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 were sold to investors. Although Mortgage World was permitted to do business in various states (New York, New Jersey, Pennsylvania, Florida and Connecticut), it primarily operated in the New York City metropolitan area. On January 26, 2022, Mortgage World transferred its assets and liabilities to Ponce Bank and ceased operating as an independent mortgage banking entity. Mortgage World’s business is now conducted as a division of Ponce Bank. Risks and Uncertainties: On February 24, 2022, Russian forces launched significant military action against Ukraine, and sustained conflict and disruption in the region is possible. The impact to Ukraine as well as actions taken by other countries, including new and stricter sanctions imposed by Canada, the United Kingdom, the European Union, the U.S. and other countries and companies and organizations against officials, individuals, regions, and industries in Russia, and actions taken by Russia in response to such sanctions, and each country’s potential response to such sanctions, tensions, and military actions could have a material adverse effect on our operations. Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) The coronavirus (“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, although to a much lesser extent, cases of the COVID-19 pandemic. Governments, businesses, and the public are still taking actions to address the spread of the COVID-19 pandemic and to mitigate its effects, including vaccinations and masking. The financial impact of the COVID-19 pandemic 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 adverse effects on its business operations, loan portfolio, financial condition, and results of operations. During the three months ended March 31, 2022, the provision for loan losses amounted to $1.3 million primarily due to increases in qualitative reserves as the Company continues to assess the economic impacts the COVID-19 pandemic, inflation and increase in interest rates has on our local economy and our loan portfolio. 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 statements 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 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. Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) 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 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. 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 When establishing the allowance for loan losses, management categorizes loans into risk categories reflecting individual borrower earnings, liquidity, leverage and cash flow, as well as the nature of underlying collateral. These risk categories and relevant risk characteristics are as follows: Residential and Multifamily Mortgage Loans Nonresidential Mortgage Loans Construction and Land Loans Business Loans Consumer Loans Mortgage Loans Held for Sale, at Fair Value : Mortgage . Derivative Financial Instruments Derivatives and Hedging Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Additionally, to facilitate the sale of mortgage loans, the Bank, through its Mortgage World division, 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, 2022, the Company did not enter into any forward sale or mandatory delivery positions on their financial instruments. Revenue from Contracts with Customers: Revenue from Contract with Customers COVID-19 Pandemic and the CARES Act: 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. This relief was extended by the Consolidated Appropriations Act enacted on December 27, 2020 to the earlier of January 1, 2022 or 60 days after the termination of the national emergency. This relief was not extended beyond January 1, 2022 and the Bank has made appropriate adjustments which are not material. Federal banking agencies were required to defer to the determination of the banks making such election. 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-K. The Company has chosen to utilize this section of the CARES Act and does not report the COVID-19 pandemic related modifications as TDRs. Transfers of Financial Assets Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Premises and Equipment Depreciation is computed and charged to operations using the straight-line method over the estimated useful lives of the respective assets as follows: Years Buildings 39 Building improvements 15 - 39 Furniture, fixtures, and equipment 3 - 10 Leasehold improvements are amortized over the shorter of the improvements’ estimated economic lives or the related lease terms, including extensions expected to be exercised. Gains and losses on dispositions are recognized upon realization. Maintenance and repairs are expensed as incurred and improvements are capitalized. Leasehold improvements in process are not amortized until the assets are placed in operation. Impairment of Long-Lived Assets Other Real Estate Owned 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 Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Employee Benefit Plans: KSOP, the Employee Stock Ownership Plan with 401(k) Provisions: Stock Options: Restricted Stock Units: The Company recognizes compensation cost related to restricted stock units based on the market price of the stock units at the grant date over the vesting period. The product of the number of units granted and the grant date market price of the Company’s common stock determines the fair value of restricted stock units. The Company recognizes compensation expense for the fair value of the restricted stock units on a straight-line basis over the requisite service period. Comprehensive Income (Loss): 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 . Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) 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. The Company will be exiting the EGC status as of December 31, 2022. As of March 31, 2022, 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).” 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 its administrative office and 16 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 administrative office and 16 leased branches and mortgage offices. The Company is utilizing a new lease accounting tool to assist in the computations of its right to use asset and corresponding lease obligations for the operating leases. The Company will adopt this standard at the end of December 2022 and anticipates recognizing approximately $34.3 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. Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848) ”

Plan of Conversion and Stock Of

Plan of Conversion and Stock Offering	3 Months Ended
	Mar. 31, 2022
Plan Of Conversion And Stock Offering [Abstract]
Plan of Conversion and Stock Offering	Note 2. On May 25 Ponce Bank Mutual Holding Company and PDL Community Bancorp, the then holding company for Ponce Bank and Mortgage World Bankers, Inc., announced that their Boards of Directors had unanimously adopted a Plan of Conversion and Reorganization (the “Plan”) pursuant to which Ponce Bank Mutual Holding Company and PDL Community Bancorp reorganized into a new stock holding company and conducted a second-step stock offering of new shares of common stock . On January 26, 2022, Mortgage World transferred its assets and liabilities to Ponce Bank and ceased operating as an independent mortgage banking entity. Mortgage World’s business is now conducted as a division of Ponce Bank. On January 27, 2022, Ponce Financial Group, Inc. and PDL Community Bancorp announced that the conversion and reorganization of Ponce Bank Mutual Holding Company from the mutual to stock form of organization and related stock offering was consummated at the close of business. As a result of the closing of the conversion and reorganization and stock offering, Ponce Financial Group, Inc. is now the holding company for Ponce Bank. Ponce Bank’s former mutual holding companies, PDL Community Bancorp and Ponce Bank Mutual Holding Company, have ceased to exist. PDL Community Bancorp’s stock ceased trading at the close of the market on January 27, 2022. Ponce Financial Group, Inc.’s common stock began trading on the Nasdaq Global Market under the same trading symbol “PDLB” on January 28, 2022. As a result of the conversion and reorganization, each issued and outstanding share of PDL Community Bancorp common stock was converted into the right to receive 1.3952 shares of Ponce Financial Group, Inc. common stock. Cash was paid in lieu of any fractional shares based on the sale price in the offering of $10.00 per share. Ponce Financial Group Inc.’s total issued and outstanding shares on January 28, 2022 was 24,711,834 shares. All shares of treasury stock of PDL Community Bancorp were eliminated on January 27, 2022. At December 31, 2021, cash and cash equivalents included $122.0 million received in connection with the conversion and reorganization and was reflected as a separate liability on the Company’s Consolidated Statements of Financial Condition. As of January 27, 2022, these funds were reclassified as proceeds from the sale of the Company’s common stock. On January 27, 2022, the Company made a $5.0 million contribution to the Ponce De Leon Foundation as part of the conversion and reorganization, which is included in the non-interest expense for the three months ended March 31, 2022, in the accompanying Consolidated Statements of Operations.

Restrictions on Cash and Due fr

Restrictions on Cash and Due from Banks	3 Months Ended
	Mar. 31, 2022
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. Effective March 26, 2020, the Federal Reserve Board eliminated reserve requirement for depository institutions to support lending to households and businesses.

Available-for-Sale Securities

Available-for-Sale Securities	3 Months Ended
	Mar. 31, 2022
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, 2022 and December 31, 2021 are summarized as follows: March 31, 2022 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (in thousands) Available-for-Sale Securities: U.S. Government Bonds $ 2,982 $ — $ (149 ) $ 2,833 Corporate Bonds 25,849 133 (881 ) 25,101 Mortgage-Backed Securities: Collateralized Mortgage Obligations (1) 49,276 — (2,545 ) 46,731 FNMA Certificates 85,328 (5,361 ) 79,967 GNMA Certificates 163 4 — 167 Total available-for-sale securities $ 163,598 $ 137 $ (8,936 ) $ 154,799 Held-to-Maturity Securities: FHLMC Certificates $ 927 $ — $ (59 ) $ 868 Total held-to-maturity securities $ 927 $ — $ (59 ) $ 868 (1) Comprised of Federal Home Loan Mortgage Corporation (“FHLMC”), Federal National Mortgage Association (“FNMA”) and Ginnie Mae (“GNMA”) issued securities December 31, 2021 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (in thousands) Available-for-Sale Securities: U.S. Government Bonds $ 2,981 $ — $ (47 ) $ 2,934 Corporate Bonds 21,243 144 (203 ) 21,184 Mortgage-Backed Securities: Collateralized Mortgage Obligations (1) 18,845 — (497 ) 18,348 FNMA Certificates 71,930 — (1,231 ) 70,699 GNMA Certificates 175 6 — 181 Total available-for-sale securities $ 115,174 $ 150 $ (1,978 ) $ 113,346 Held-to-Maturity Securities: FHLMC Certificates $ 934 $ — $ (20 ) $ 914 Total held-to-maturity securities $ 934 $ — $ (20 ) $ 914 (1) Comprised of FHLMC, FNMA and GNMA issued securities. Note 4. Available-for-Sale Securities (Continued) There was one security classified as held-to-maturity as of March 31, 2022 and December 31, 2021. There were no 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, 2022 and December 31, 2021: March 31, 2022 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 (in thousands) Available-for-Sale Securities: U.S. Government Bonds $ 2,833 $ (149 ) $ — $ — $ 2,833 $ (149 ) Corporate Bonds 19,695 (881 ) — — 19,695 (881 ) Mortgage-Backed Collateralized Mortgage Obligations 41,714 (1,891 ) 5,017 (654 ) 46,731 (2,545 ) FNMA Certificates 76,407 (5,151 ) 3,560 (210 ) 79,967 (5,361 ) Total available-for-sale securities $ 140,649 $ (8,072 ) $ 8,577 $ (864 ) $ 149,226 $ (8,936 ) Held-to-Maturity Securities: FHLMC Certificates $ — $ — $ 868 $ (59 ) $ 868 $ (59 ) Total held-to-maturity securities $ — $ — $ 868 $ (59 ) $ 868 $ (59 ) December 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 (in thousands) Available-for-Sale Securities: U.S. Government Bonds $ 2,934 $ (47 ) $ — $ — $ 2,934 $ (47 ) Corporate Bonds 15,297 (203 ) — — 15,297 (203 ) Mortgage-Backed Collateralized Mortgage Obligations 16,034 (419 ) 2,314 (78 ) 18,348 (497 ) FNMA Certificates 70,699 (1,231 ) — — 70,699 (1,231 ) Total available-for-sale securities $ 104,964 $ (1,900 ) $ 2,314 $ (78 ) $ 107,278 $ (1,978 ) Held-to-Maturity Securities: FHLMC Certificates $ 914 $ (20 ) $ — $ — $ 914 $ (20 ) Total held-to-maturity securities $ 914 $ (20 ) $ — $ — $ 914 $ (20 ) Note 4. Available-for-Sale Securities (Continued) The Company’s investment portfolio had 42 and 29 available-for-sale securities at March 31, 2022 and December 31, 2021, respectively, and one held-to-maturity security at March 31, 2022 and December 31, 2021. At March 31, 2022 and December 31, 2021, the Company had 38 and 23 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. The following is a summary of maturities of securities at March 31, 2022 and December 31, 2021. 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, 2022 Amortized Fair Cost Value (in thousands) Available-for-Sale Securities: U.S. Government Bonds: Amounts maturing: Three months or less $ — $ — More than three months through one year — — More than one year through five years 2,982 2,833 More than five years through ten years — — 2,982 2,833 Corporate Bonds: Amounts maturing: Three months or less $ — $ — More than three months through one year — — More than one year through five years 4,000 3,801 More than five years through ten years 21,849 21,300 25,849 25,101 Mortgage-Backed Securities 134,767 126,865 Total available-for-sale securities $ 163,598 $ 154,799 Held-to-Maturity Securities: FHLMC Certificates $ 927 $ 868 Total held-to-maturity securities $ 927 $ 868 Note 4. Available-for-Sale Securities (Continued) December 31, 2021 Amortized Fair Cost Value (in thousands) Available-for-Sale Securities: U.S. Government Bonds: Amounts maturing: Three months or less $ — $ — More than three months through one year — — More than one year through five years 2,981 2,934 More than five years through ten years — — 2,981 2,934 Corporate Bonds: Amounts maturing: Three months or less $ — $ — More than three months through one year — — More than one year through five years 4,445 4,381 More than five years through ten years 16,798 16,803 21,243 21,184 Mortgage-Backed Securities 90,950 89,228 Total available-for-sale securities $ 115,174 $ 113,346 Held-to-Maturity Securities: FHLMC Certificates $ 934 $ 914 Total held-to-maturity securities $ 934 $ 914 There were no securities pledged at March 31, 2022 and December 31, 2021. The held-to-maturity securities held at March 31, 2022 and December 31, 2021 will mature on October 1, 2050.

Loans Receivable and Allowance

Loans Receivable and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Loans Receivable and Allowance for Loan Losses	Note 5 . Loans Receivable and Allowance for Loan Losses Loans receivable at March 31, 2022 and December 31, 2021 are summarized as follows: March 31, December 31, 2022 2021 (in thousands) Mortgage loans: 1-4 Family residential Investor-Owned $ 323,442 $ 317,304 Owner-Occupied 95,234 96,947 Multifamily residential 368,133 348,300 Nonresidential properties 251,893 239,691 Construction and land 144,881 134,651 Total mortgage loans 1,183,583 1,136,893 Nonmortgage loans: Business loans (1) 100,253 150,512 Consumer loans (2) 31,899 34,693 Total non-mortgage loans 132,152 185,205 Total loans, gross 1,315,735 1,322,098 Net deferred loan origination costs 1,604 (668 ) Allowance for loan losses (16,893 ) (16,352 ) Loans receivable, net $ 1,300,446 $ 1,305,078 (1) As of March 31, 2022 and December 31, 2021, business loans include $86.0 million and $136.8 million, respectively, of SBA Paycheck Protection (2) As of March 31, 2022 and December 31, 2021, consumer loans include $31.0 million and $33.9 million, respectively, of microloans originated by the Bank through a mobile application of Grain Technologies, LLC (“Grain”) that is geared to the underbanked and new generations entering the financial services market and uses non-traditional underwriting methodologies 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. 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, 2022 and December 31, 2021: March 31, 2022 Mortgage Loans Nonmortgage Loans Construction Total 1-4 Family Multifamily Nonresidential and Land Business Consumer Loans (in thousands) Risk Rating: Pass $ 407,132 $ 361,069 $ 249,492 $ 137,314 $ 100,253 $ 31,899 $ 1,287,159 Special mention 1,502 5,301 — — — — 6,803 Substandard 10,042 1,763 2,401 7,567 — — 21,773 Total $ 418,676 $ 368,133 $ 251,893 $ 144,881 $ 100,253 $ 31,899 $ 1,315,735 December 31, 2021 Mortgage Loans Nonmortgage Loans Construction Total 1-4 Family Multifamily Nonresidential and Land Business Consumer Loans (in thousands) Risk Rating: Pass $ 402,276 $ 339,047 $ 237,371 $ 127,084 $ 150,512 $ 34,693 $ 1,290,983 Special mention 1,820 5,328 — 6,650 — — 13,798 Substandard 10,155 3,925 2,320 917 — — 17,317 Total $ 414,251 $ 348,300 $ 239,691 $ 134,651 $ 150,512 $ 34,693 $ 1,322,098 Note 5. Loans Receivable and Allowance for Loan Losses (Continued) An aging analysis of loans, as of March 31, 2022 and December 31, 2021, is as follows: March 31, 2022 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 (in thousands) Mortgage loans: 1-4 Family residential Investor-Owned $ 319,129 $ 3,645 $ — $ 668 $ 323,442 $ 3,826 $ — Owner-Occupied 92,760 675 — 1,799 95,234 3,154 — Multifamily residential 368,133 — — — 368,133 — — Nonresidential properties 251,893 — — — 251,893 1,264 — Construction and land 137,314 — 7,567 — 144,881 7,567 — Nonmortgage loans: Business 100,188 65 — — 100,253 — — Consumer 28,481 1,751 1,443 224 31,899 — — Total $ 1,297,898 $ 6,136 $ 9,010 $ 2,691 $ 1,315,735 $ 15,811 $ — December 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 (in thousands) Mortgage loans: 1-4 Family residential Investor-Owned $ 312,918 $ 321 $ 2,969 $ 1,096 $ 317,304 $ 3,583 $ — Owner-Occupied 91,568 2,961 471 1,947 96,947 3,480 — Multifamily residential 346,409 1,704 187 — 348,300 1,200 — Nonresidential properties 237,589 934 1,168 — 239,691 2,262 — Construction and land 134,651 — — — 134,651 917 — Nonmortgage loans: Business 145,919 4,036 544 13 150,512 — — Consumer 30,359 2,570 1,759 5 34,693 — — Total $ 1,299,413 $ 12,526 $ 7,098 $ 3,061 $ 1,322,098 $ 11,442 $ — 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 and for the three months ended March 31, 2022 and 2021, and as of and for the year ended December 31, 2021: For the Three Months Ended March 31, 2022 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 (in thousands) Allowance for loan losses: Balance, beginning of period $ 3,540 $ 1,178 $ 5,684 $ 2,165 $ 2,024 $ 306 $ 1,455 $ 16,352 Provision charged to expense 41 (6 ) 304 104 (7 ) 55 767 1,258 Losses charged-off — — — — — — (751 ) (751 ) Recoveries — — — — — 2 32 34 Balance, end of period $ 3,581 $ 1,172 $ 5,988 $ 2,269 $ 2,017 $ 363 $ 1,503 $ 16,893 Ending balance: individually evaluated for impairment $ 93 $ 114 $ — $ 38 $ — $ — $ — $ 245 Ending balance: collectively evaluated for impairment 3,488 1,058 5,988 2,231 2,017 363 1,503 16,648 Total $ 3,581 $ 1,172 $ 5,988 $ 2,269 $ 2,017 $ 363 $ 1,503 $ 16,893 Loans: Ending balance: individually evaluated for impairment $ 5,970 $ 4,828 $ — $ 1,991 $ 7,567 $ — $ — $ 20,356 Ending balance: collectively evaluated for impairment 317,472 90,406 368,133 249,902 137,314 100,253 31,899 1,295,379 Total $ 323,442 $ 95,234 $ 368,133 $ 251,893 $ 144,881 $ 100,253 $ 31,899 $ 1,315,735 Note 5. Loans Receivable and Allowance for Loan Losses (Continued) 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 (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 Year Ended December 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 (in thousands) Allowance for loan losses: Balance, beginning of year $ 3,850 $ 1,260 $ 5,214 $ 2,194 $ 1,820 $ 254 $ 278 $ 14,870 Provision charged to expense (318 ) (127 ) 508 (29 ) 204 (32 ) 2,511 2,717 Losses charged-off — — (38 ) — — — (1,342 ) (1,380 ) Recoveries 8 45 — — — 84 8 145 Balance, end of year $ 3,540 $ 1,178 $ 5,684 $ 2,165 $ 2,024 $ 306 $ 1,455 $ 16,352 Ending balance: individually evaluated for impairment $ 91 $ 114 $ — $ 38 $ — $ — $ — $ 243 Ending balance: collectively evaluated for impairment 3,449 1,064 5,684 2,127 2,024 306 1,455 16,109 Total $ 3,540 $ 1,178 $ 5,684 $ 2,165 $ 2,024 $ 306 $ 1,455 $ 16,352 Loans: Ending balance: individually evaluated for impairment $ 6,672 $ 5,854 $ 1,200 $ 2,995 $ 917 $ 13 $ — $ 17,651 Ending balance: collectively evaluated for impairment 310,632 91,093 347,100 236,696 133,734 150,499 34,693 1,304,447 Total $ 317,304 $ 96,947 $ 348,300 $ 239,691 $ 134,651 $ 150,512 $ 34,693 $ 1,322,098 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, 2022 and 2021 and as of and for the year ended December 31, 2021: Unpaid Contractual Recorded Investment Recorded Investment Total Average Interest Income Principal With No With Recorded Related Recorded Recognized As of and For the Three Months Ended March 31, 2022 Balance Allowance Allowance Investment Allowance Investment on a Cash Basis (in thousands) Mortgage loans: 1-4 Family residential $ 11,131 $ 8,386 $ 2,412 $ 10,798 $ 207 $ 11,970 $ 76 Multifamily residential — — — — — 1,104 — Nonresidential properties 2,023 1,636 355 1,991 38 3,399 20 Construction and land 7,567 7,567 — 7,567 — 1,568 17 Nonmortgage loans: Business — — — — — 12 — Consumer — — — — 24 — Total $ 20,721 $ 17,589 $ 2,767 $ 20,356 $ 245 $ 18,077 $ 113 Unpaid Contractual Recorded Investment Recorded Investment Total Average Interest Income Principal With No With Recorded Related Recorded Recognized As of and For the Three Months Ended March 31, 2021 Balance Allowance Allowance Investment Allowance Investment on a Cash Basis (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 As of and for the Year Ended December 31, 2021 Balance Allowance Allowance Investment Allowance Investment on a Cash Basis (in thousands) Mortgage loans: 1-4 Family residential $ 13,333 $ 10,535 $ 1,991 $ 12,526 $ 205 $ 12,145 $ 189 Multifamily residential 1,200 1,200 — 1,200 — 1,139 63 Nonresidential properties 3,494 2,637 358 2,995 38 3,941 38 Construction and land 917 917 — 917 — 307 17 Nonmortgage loans: Business 13 13 — 13 — 13 — Consumer — — — — — 24 — Total $ 18,957 $ 15,302 $ 2,349 $ 17,651 $ 243 $ 17,569 $ 307 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, 2022, and for the year ended December 31, 2021, there were no loans restructured as a troubled debt restructuring. At March 31, 2022, there were 28 troubled debt restructured loans totaling $7.8 million of which $5.3 million are on accrual status. At December 31, 2021, there were 30 troubled debt restructured loans totaling $8.7 million of which $6.2 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 $245,000 and $243,000 at March 31, 2022 and December 31, 2021, respectively. Mortgage Loans Held for Sale at Fair Value At March 31, 2022 and at December 31, 2021, 14 loans and 27 loans related to Mortgage World in the amount of $8.0 million and $15.5 million, respectively, were held for sale and accounted for under the fair value option accounting guidance for financial assets and financial liabilities. Write-off and write-down of Microloans In 2020, the Company entered in a business arrangement with the FinTech startup company Grain Technologies, Inc. (“Grain”). Grain’s product is a mobile application geared to the underbanked, minorities and new generations entering the financial services market. In employing this mobile application, the Bank uses non-traditional underwriting methodologies to provide revolving credit to borrowers who otherwise may gravitate to using alternative non-bank lenders. Under the terms of its agreement with Grain, the Bank is the lender for Grain-originated microloans with credit lines currently up to $1,000 and, where applicable, the depository for related security deposits. Grain originates and services these microloans and is responsible for maintaining compliance with the Bank's origination and servicing standards, as well as applicable regulatory and legal requirements. If a microloan is found to be fraudulent, becomes 120 days delinquent upon 120 days of origination or defaults due to a failure of Grain to properly service the microloan, the Bank’s applicable standards for origination or servicing are deemed to have not been complied with and the microloan is put back to Grain, who then becomes responsible for the microloan and any related losses. The microloans put back to Grain are accounted for as an “other asset,” specifically referred to herein as the “Grain Receivable.” The Bank, pursuant to its agreement with Grain, at December 31, 2021, had 59,180 microloans outstanding, net of put backs, with credit extensions aggregating $33.9 million. Of these microloans, the Bank estimates that 80 percent have been made in low- and low-to-moderate income census tracts with an estimated 56 percent made to minority borrowers. At March 31, 2022, the Bank had 54,247 microloans outstanding, net of put backs, with an aggregate balance totaling $31.0 million and which were performing, in management’s opinion, comparably to similar portfolios. Under the agreement with the Bank, Grain earns origination and servicing fees based on the Bank’s earnings from the microloans. Since the beginning of its agreement with Grain through March 31, 2022, 24,719 microloans amounting to $17.0 million have been deemed to be fraudulent and put back to Grain, of which, as of March 31, 2022, $11.8 million remain outstanding in the Grain Receivable (inclusive of a $1.8 million reserve established as of December 31, 2021 by the Bank using a $1.8 million grant received from the U.S. Treasury Department’s Rapid Response Program to reduce the Grain Receivable at December 31, 2021 to $8.5 million, an amount management considered collectible at the time under the facts and circumstances then known). Based on further investigation, evaluation and financial analysis during the first quarter of 2022, the Company has assessed the collectability of the $11.8 million remaining Grain receivable and has determined that it is appropriate to write-off approximately $6.3 million and provide for an additional reserve of $1.7 million, after applying a $1.6 million security deposit set-off, leaving a net Grain Receivable balance of $2.2 million at March 31, 2022. Note 5. Loans Receivable and Allowance for Loan Losses (Continued) The $8.1 million write-off and write-down is included in non-interest expense for the three months ended March 31, 2022, in the accompanying Consolidated Statements of Operations.

Premises and Equipment

Premises and Equipment	3 Months Ended
	Mar. 31, 2022
Property Plant And Equipment [Abstract]
Premises and Equipment	Note 6. Premises and Equipment Premises and equipment at March 31, 2022 and December 31, 2021 are summarized as follows: March 31, December 31, 2022 2021 (in thousands) Land $ 932 $ 932 Buildings and improvements 4,327 4,327 Leasehold improvements 15,980 16,462 Furniture, fixtures and equipment 9,586 9,661 30,825 31,382 Less: accumulated depreciation and amortization (11,546 ) (11,765 ) Total premises and equipment $ 19,279 $ 19,617 Depreciation and amortization expense amounted to $467,000 and $603,000 for the three months ended March 31, 2022 and 2021, respectively, and are included in occupancy and equipment in the accompanying consolidated statements of operations. Compared to December 31, 2021, leasehold improvements decreased by $482,000 to $16.0 million primarily as a result of fully depreciated assets. Furniture, fixtures and equipment decreased by $75,000 to $9.6 million primarily as a result of $115,000 in purchases offset by $190,000 in write-offs of obsolete software.

Deposits

Deposits	3 Months Ended
	Mar. 31, 2022
Banking And Thrifts [Abstract]
Deposits	Note 7 . Deposits Deposits at March 31, 2022 and December 31, 2021 are summarized as follows: March 31, December 31, 2022 2021 (in thousands) Demand (1) $ 281,132 $ 274,956 Interest-bearing deposits: NOW/IOLA accounts 33,010 35,280 Money market accounts 169,847 186,893 Reciprocal deposits 160,510 143,221 Savings accounts 133,966 134,887 Total NOW, money market, reciprocal and savings 497,333 500,281 Certificates of deposit of $250K or more 75,130 78,454 Brokered certificates of deposits (2) 79,282 79,320 Listing service deposits (2) 53,876 66,411 Certificates of deposit less than $250K 194,412 205,294 Total certificates of deposit 402,700 429,479 Total interest-bearing deposits 900,033 929,760 Total deposits $ 1,181,165 $ 1,204,716 (1) As of March 31, 2022 and December 31, 2021, included in demand deposits are deposits related to net PPP funding. (2) A s of March 31, 2022 and December 31, 2021, there were $19.0 million and $29.0 million, respectively, in individual listing service deposits amounting to $250,000 or more. All brokered certificates of deposit individually amounted to less than $250,000. Note 7. Deposits (Continued) At March 31, 2022 scheduled maturities of certificates of deposit were as follows: (in thousands) 2023 $ 242,101 2024 45,660 2025 35,866 2026 64,357 2027 10,754 Thereafter 3,962 $ 402,700 Overdrawn deposit accounts that have been reclassified to loans amounted to $130,000 and $179,000 as of March 31, 2022 and December 31, 2021, respectively.

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Borrowings	Note 8 . Borrowings FHLBNY Advances The Bank had $93.4 million and $106.3 million of outstanding term advances from the FHLBNY at March 31, 2022 and December 31, 2021, respectively. The Bank repaid $12.9 million in advances from FHLBNY during the three months ended March 31, 2022. Additionally, the Bank had an unsecured line of credit in the amount of $25.0 million with a correspondent bank at both March 31, 2022 and December 31, 2021, none of which was outstanding as of such dates. The Bank also had a guarantee from the FHLBNY through letters of credit of up to $21.5 Borrowed funds at March 31, 2022 and December 31, 2021 consist of the following and are summarized by maturity and call date below: March 31, December 31, 2022 2021 Scheduled Maturity Redeemable at Call Date Weighted Average Rate Scheduled Maturity Redeemable at Call Date Weighted Average Rate (Dollars in thousands) FHLBNY Term advances ending: 2022 65,000 65,000 1.89 % 77,880 77,880 1.73 % 2023 28,375 28,375 2.82 28,375 28,375 2.82 $ 93,375 $ 93,375 2.17 % $ 106,255 $ 106,255 2.02 % Interest expense on FHLBNY term advances totaled $524,000 and $544,000 for the three months ended March 31, 2022 and 2021, respectively. There were no interest expense on FHLBNY overnight advances for the three months ended March 31, 2022 and 2021. As of March 31, 2022 and December 31, 2021, the Bank had eligible collateral of approximately $377.2 million and $362.3 million, respectively, in residential 1-4 family and multifamily mortgage loans available to secure advances from the FHLBNY. Warehouse Lines of Credit: Note 8. Borrowings (Continued) Warehouse Line of Credit #1 The interest rate is based on the 30-day LIBOR rate plus 3.25%. The effective rate as of March 31, 2022 was 3.70% and the effective rate as of December 31, 2021 was 3.35%. 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. The effective rate as of December 31, 2020 was 3.10%. The warehouse line of credit was terminated on March 31, 2022. Total interest expense on warehouse lines of credit totaled $68,000 and $140,000 March 31, 2022 Credit Line Unused Line Maximum of Credit Balance (in thousands) Warehouse Line of Credit #1 $ 10,000 $ 9,247 $ 753 Total long-term debt $ 10,000 $ 9,247 $ 753 December 31, 2021 Credit Line Unused Line Maximum of Credit Balance (in thousands) Warehouse Line of Credit #1 $ 15,000 $ 8,636 $ 6,364 Warehouse Line of Credit #2 15,000 $ 6,274 $ 8,726 Total long-term debt $ 30,000 $ 14,910 $ 15,090 Mortgage Loan Funding Payable:

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 9 . Income Taxes The provision (benefit) for income taxes for the three months ended March 31, 2022 and 2021 consists of the following: For the Three Months Ended March 31, 2022 2021 (in thousands) Federal: Current $ (1,053 ) $ 560 Deferred (1,715 ) 36 (2,768 ) 596 State and local: Current 195 68 Deferred (543 ) 310 (348 ) 378 Valuation allowance 168 (242 ) (Benefit) provision for income taxes $ (2,948 ) $ 732 Note 9. Income Taxes (Continued) 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, 2022 and 2021, respectively, to income before income taxes as a result of the following: For the Three Months Ended March 31, 2022 2021 (in thousands) Income tax, at federal rate $ (2,051 ) $ 669 State and local tax, net of federal taxes (275 ) 299 Valuation allowance, net of the federal benefit 168 (242 ) Other (790 ) 6 $ (2,948 ) $ 732 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 increased by $168,000 for the three months ended March 31, 2022 and decreased by $242,000 for the three months ended March 31, 2021. 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 (“NOLs”) to forward tax years indefinitely. The use of NOLs 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, 2022, the Company had no federal NOLs carryforwards. The state and city of New York allow for a three-year carryback period and carryforward period of twenty years on NOLs 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 $572,000 for New York State purposes and $528,000 for New York City purposes. Furthermore, there are post-2015 carryforwards available of $34.9 million At March 31, 2022 and December 31, 2021, 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 2018. Note 9. Income Taxes (Continued) The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at March 31, 2022 and December 31, 2021 are presented below: March 31, December 31, 2022 2021 (in thousands) Deferred tax assets: Allowance for loan losses $ 5,428 $ 5,254 Deferred loan fees — 214 Interest on nonaccrual loans 154 102 Unrealized loss on available-for-sale securities 1,929 399 Amortization of intangible assets 45 50 Deferred rent payable 181 152 Net operating losses 4,557 3,280 Charitable contribution carryforward 1,621 366 Compensation and benefits 666 456 Other 259 264 Total gross deferred tax assets 14,840 10,537 Deferred tax liabilities: Depreciation of premises and equipment 1,301 1,301 Deferred loan fees 515 — Other 63 63 Total gross deferred tax liabilities 1,879 1,364 Valuation allowance 5,521 5,353 Net deferred tax assets $ 7,440 $ 3,820

Compensation and Benefit Plans

Compensation and Benefit Plans	3 Months Ended
	Mar. 31, 2022
Compensation And Retirement Disclosure [Abstract]
Compensation and Benefit Plans	Note 10 . Compensation and Benefit Plans Ponce Bank Employee Stock Ownership Plan with 401(k) Provisions (the “KSOP”) 401(k) Component Under the 401(k) features of the KSOP (“401(k) Component”), a participant may elect to defer, on a pre-tax basis, the maximum amount as permitted by the Internal Revenue Code. For 2022, the salary deferral contribution limit was $20,500; $6,500 to $27,000. The 401(k) expenses recorded in the consolidated statements of operations amounted to $96,000 and $87,000 for the three months ended March 31, 2022 and 2021, respectively. Note 10. Compensation and Benefit Plans (Continued) A participant is always 100% vested in his or her salary deferral contributions and safe harbor contributions. Discretionary matching and profit sharing contributions are 20% vested after two years of service, plus an additional 20% for each additional year of service; so all participants are fully vested in such contributions after six years of service. Participants also will become fully vested in his or her account balance in the 401(k) Component automatically upon normal retirement, death or disability, a change in control, or termination of the KSOP. Generally, participants will receive distributions from the KSOP upon separation from service in accordance with the terms of the governing document. ESOP Component: On September 29, 2017, in connection with the Bank’s reorganization into the mutual holding company form of organization, the ESOP trustee purchased, on behalf of the ESOP, 723,751 shares of PDL Community Bancorp common stock . The ESOP funded its stock purchase with a loan (“First ESOP loan”) from PDL Community Bancorp in the amount of $7.2 million, which was equal to the aggregate purchase price of the common stock. The First ESOP loan is being repaid principally through Ponce Bank’s contributions to the ESOP over the 15-year term of such loan. The interest rate for the First ESOP loan is 2.60%. On January 27, 2022, concurrent with the completion of the conversion and reorganization of Ponce Bank Mutual Holding Company from a mutual form to a stock form of organization and the merger of PDL Community Bancorp with and into Ponce Financial Group, Inc., the shares of PDL Community Bancorp common stock held by the KSOP were converted into 977,880 shares of Ponce Financial Group, Inc. common stock. On January 27, 2022, the KSOP trustee purchased, on behalf of the ESOP feature of the KSOP (“ESOP Component”), an additional 1,097,353 or 4.44% of amount of $11.0 million, which was 1.822 The trustee of the trust funding the KSOP holds the shares of Ponce Financial Group, Inc. common stock purchased by the KSOP in an unallocated suspense account, and shares will be released from the suspense account on a pro-rata basis as the loans are repaid. The trustee will allocate the shares released among participants on the basis of each participant’s proportional share of qualifying compensation relative to all participants participating in the ESOP Component. A participant will become 100% vested in his or her account balance in the ESOP Component after three years of service. In addition, p Contributions to the ESOP are to be sufficient to pay principal and interest currently due under the loan agreement. Under applicable accounting requirements, Ponce Bank will record a compensation expense for the ESOP at the of the shares as they are committed to be released from the unallocated suspense account to participants’ accounts, which may be more or less than the original issue price. The compensation expense resulting from the release of the common stock from the suspense account and allocation to plan participants will result in a corresponding reduction in the earnings of Ponce Financial Group, Inc. T 15.0 million Note 10. Compensation and Benefit Plans (Continued) A summary of the ESOP shares as of March 31, 2022 and December 31, 2021 are as follows: March 31, 2022 December 31, 2021 (Dollars in thousands) Shares committed-to-be released 169,756 96,500 Shares allocated to participants 235,361 170,145 Unallocated shares 1,668,101 434,251 Total 2,073,218 700,896 Fair value of unallocated shares $ 17,315 $ 6,297 The Company recognized ESOP related compensation expense, including ESOP equalization expense, of $373,000 Supplemental Executive Retirement Plan: The Bank maintains a non-qualified supplemental executive retirement plan (“SERP”) for the benefit of two key executive officers. The SERP expense recognized was $15,000 for both the three months ended March 31, 2022 and 2021. 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 December 31, 2021, the maximum number of stock options and SARs remaining to be awarded under the Incentive Plan was 189,476. As of March 31, 2022, the maximum number of stock options and SARs remaining to be awarded under the Incentive Plan was 264,357, after the conversion from PDL Community Bancorp common stock to Ponce Financial Group, Inc. common stock. As of March 31, 2022 and December 31, 2021, 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 88,119 as of March 31, 2022 and 63,159 as of December 31, 2021, 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. The Company 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 three months ended March 31, 2022 and year ended December 31, 2021 are as follows: March 31, 2022 Number of Shares Weighted- Average Grant Date Fair Value Per Share Non-vested, beginning of year 237,687 $ 12.65 Conversion and reorganization 93,933 — Granted — — Vested (12,440 ) 9.27 Forfeited — — Non-vested at March 31 319,180 $ 9.06 December 31, 2021 Number of Shares Weighted- Average Grant Date Fair Value Per Share Non-vested, beginning of year (1) 335,919 $ 12.66 Granted — — Vested (98,232 ) 12.69 Forfeited — — Non-vested at December 31 237,687 $ 12.65 Compensation expense related to restricted stock units was $318,000 for the three months ended March 31, 2022 and 2021 for both periods. As of March 31, 2022, the total remaining unrecognized compensation cost related to restricted stock units was $2.5 million, which is expected to be recognized over the next 23 quarters A summary of the Company’s stock option awards activity and related information for three months ended March 31, 2022 and year ended December 31, 2021 are as follows: March 31, 2022 Options Weighted- Average Exercise Price Per Share Outstanding, beginning of year (1) 203,766 $ 12.02 Conversion and reorganization 80,526 — Granted — — Exercised — — Forfeited — — Outstanding at March 31 (2) 284,292 8.62 Exercisable at March 31 (2) 136,141 $ 8.93 Note 10. Compensation and Benefit Plans (Continued) December 31, 2021 Options Weighted- Average Exercise Price Per Share Outstanding, beginning of year 203,766 $ 12.02 Granted — — Exercised — — Forfeited — — Outstanding at December 31 (2) 203,766 $ 12.02 Exercisable at December 31 (2) 94,904 $ 12.45 (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 $502,000 for outstanding options and $198,000 for exercisable options at March 31, 2022 and was $505,000 for outstanding options and $195,000 or exercisable options December 31, 2021. The weighted-average exercise price for the options as of March 31, 2022 was $8.62 per share and the weighted average remaining contractual life is 6.6 years. The weighted average period over which compensation expenses are expected to be recognized is 3.5 years. There were 136,141 shares and 94,904 shares exercisable as of March 31, 2022 and December 31, 2021, respectively. Total compensation cost related to stock options recognized was $33,000 for both the three months ended March 31, 2022 and 2021, respectively. As of March 31, 2022, the total remaining unrecognized compensation cost related to unvested stock options was $320,000, which is expected to be recognized over the next 23 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, 2022 2021 Dividend yield 0.00 % 0.00 % Expected life 6.5 years 6.5 years Expected volatility 38.51 % 38.51 % Risk-free interest rate 0.48 % 0.48 % Weighted average grant date fair value $ 2.70 $ 3.77 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 As a result of the conversion and reorganization, all shares of treasury stock of PDL Community Bancorp were retired on January 27, 2022.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Note 11. 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, 2022 2021 (Dollars in thousands except share data) Net (loss) income $ (6,820 ) $ 2,452 Common shares outstanding for basic EPS: Weighted average common shares outstanding 22,744,101 17,078,813 Less: Weighted average unallocated Employee Stock Ownership Plan (ESOP) shares 1,022,988 530,617 Basic weighted average common shares outstanding 21,721,113 16,548,196 Basic earnings per common share $ (0.31 ) $ 0.15 Potential dilutive common shares: Add: Dilutive effect of restricted stock awards and stock options — — Diluted weighted average common shares outstanding 21,721,113 16,548,196 Diluted earnings per common share $ (0.31 ) $ 0.15

Commitments, Contingencies and

Commitments, Contingencies and Credit Risk	3 Months Ended
	Mar. 31, 2022
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, 2022 and December 31, 2021 are as follows: March 31, December 31, 2022 2021 (in thousands) Commitments to grant mortgage loans $ 146,684 $ 127,159 Commitments to sell loans at lock-in rates 7,123 13,321 Unfunded commitments under lines of credit 80,478 80,033 $ 234,285 $ 220,513 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 On February 11, 2021, the Company completed the sale of real property located at 3821 Bergenline Avenue, Union City, New Jersey for a sale price of $2.4 million. Concurrent with the sale, the Bank and the purchaser entered into a fifteen-year Rental expenses under operating leases, included in occupancy expense, totaled $1.1 million and $503,000 for the three months ended March 31, 2022 and 2021, respectively. The projected minimum rental payments under the terms of the leases at March 31, 2022 are as follows: (in thousands) Remainder of 2022 $ 2,662 2023 3,600 2024 3,643 2025 3,600 2026 3,422 2027 3,285 Thereafter 28,827 $ 49,039 Legal Matters

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2022
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 $8.0 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 income 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 $7.1 million and $13.3 million at March 31, 2022 and December 31, 2021, respectively. The fair value of derivatives related to interest rate lock commitments not subject to a forward loan sale commitment, amounted to $152,000 and $172,000 as of March 31, 2022 and December 31, 2021 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, 2021 $ 172 Change in fair value of derivative instrument reported in earnings (20 ) Balance as of March 31, 2022 152 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, 2022 and December 31, 2021, and indicate the level within the fair value hierarchy utilized to determine the fair value: March 31, 2022 Description Total Level 1 Level 2 Level 3 (in thousands) Available-for-Sale Securities, at fair value: U.S. Government Bonds $ 2,833 $ — $ 2,833 $ — Corporate bonds 25,101 — 25,101 — Mortgage-Backed Securities: Collateralized Mortgage Obligations 46,731 — 46,731 — FNMA Certificates 79,967 — 79,967 — GNMA Certificates 167 — 167 — Mortgage Loans Held for Sale, at fair value 7,972 — 7,972 — Derivatives from interest rate lock commitments 152 — — 152 $ 162,923 $ — $ 162,771 $ 152 December 31, 2021 Description Total Level 1 Level 2 Level 3 (in thousands) Available-for-Sale Securities: U.S. Government Bonds $ 2,934 $ — $ 2,934 $ — Corporate bonds 21,184 — 21,184 — Mortgage-Backed Securities: Collateralized Mortgage Obligations 18,348 — 18,348 — FNMA Certificates 70,699 — 70,699 — GNMA Certificates 181 — 181 — Mortgage Loans Held for Sale, at fair value 15,836 — 15,836 — Derivatives from interest rate lock commitments 172 — — 172 $ 129,354 $ — $ 129,182 $ 172 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, 2022 and December 31, 2021 and indicate the fair value hierarchy utilized to determine the fair value: March 31, 2022 Total Level 1 Level 2 Level 3 (in thousands) Impaired loans $ 20,356 $ — $ — $ 20,356 December 31, 2021 Total Level 1 Level 2 Level 3 (in thousands) Impaired loans $ 17,651 $ — $ — $ 17,651 Losses on assets carried at fair value on a nonrecurring basis were de minimis Note 13. Fair Value (Continued) As of March 31, 2022 and December 31, 2021, 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 (in thousands) March 31, 2022 Financial assets: Cash and cash equivalents $ 69,295 $ 69,295 $ — $ — $ 69,295 Available-for-sale securities, at fair value 154,799 — 154,799 — 154,799 Held-to-maturity securities, at amortized cost 927 — 868 — 868 Placements with banks 2,490 — 2,490 — 2,490 Mortgage loans held for sale, at fair value 7,972 — 7,972 — 7,972 Loans receivable, net 1,300,446 — — 1,286,531 1,286,531 Accrued interest receivable 12,799 — 12,799 — 12,799 FHLBNY stock 5,420 5,420 — — 5,420 Financial liabilities: Deposits: Demand deposits 281,132 281,132 — — 281,132 Interest-bearing deposits 497,333 497,333 — — 497,333 Certificates of deposit 402,700 — 398,967 — 398,967 Advance payments by borrowers for taxes and insurance 10,161 — 10,161 — 10,161 Advances from FHLBNY 93,375 — 91,134 — 91,134 Warehouse lines of credit 753 — 753 — 753 Accrued interest payable 223 — 223 — 223 Note 13. Fair Value (Continued) Carrying Fair Value Measurements Amount Level 1 Level 2 Level 3 Total (in thousands) December 31, 2021 Financial assets: Cash and cash equivalents $ 153,894 $ 153,894 $ — $ — $ 153,894 Available-for-sale securities, at fair value 113,346 — 108,417 4,929 113,346 Held-to-maturity securities, at amortized cost 934 — 914 — 914 Placements with banks 2,490 — 2,490 — 2,490 Mortgage loans held for sale, at fair value 15,836 — 15,836 15,836 Loans receivable, net 1,305,078 — — 1,306,253 1,306,253 Accrued interest receivable 12,362 — 12,362 — 12,362 FHLBNY stock 6,001 6,001 — — 6,001 Financial liabilities: Deposits: Demand deposits 274,956 274,956 — — 274,956 Interest-bearing deposits 500,281 500,281 — — 500,281 Certificates of deposit 429,479 — 431,339 — 431,339 Advance payments by borrowers for taxes and insurance 7,657 — 7,657 — 7,657 Advances from FHLBNY 106,255 — 106,680 — 106,680 Warehouse lines of credit 15,090 — 15,090 — 15,090 Accrued interest payable 228 — 228 — 228 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 2022 and 2021 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, 2022
Disclosure Of Regulatory Capital Requirements [Abstract]
Regulatory Capital Requirements	Note 1 4 . Regulatory Capital Requirements The Company and the Bank are subject to various regulatory capital requirements administered by the Federal Reserve Board, the OCC and the U.S. Department of Housing and Urban Development. 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, 2022 and December 31, 2021, the applicable capital adequacy requirements specified below 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 applicable capital buffer for the Bank was 15.27% at March 31, 2022 and 9.23% at December 31, 2021. 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, 2022 and December 31, 2021 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, 2022 Ponce Financial Group, Inc. Total Capital to Risk-Weighted Assets $ 320,821 28.29 % $ 90,715 8.00% $ 113,394 10.00 % Tier 1 Capital to Risk-Weighted Assets 306,310 27.01 % 68,036 6.00% 90,715 8.00 % Common Equity Tier 1 Capital Ratio 306,310 27.01 % 51,027 4.50% 73,706 6.50 % Tier 1 Capital to Total Assets 306,310 17.74 % 69,072 4.00% 86,339 5.00 % Ponce Bank Total Capital to Risk-Weighted Assets $ 262,826 23.27 % $ 90,356 8.00% $ 112,945 10.00 % Tier 1 Capital to Risk-Weighted Assets 248,671 22.02 % 67,767 6.00% 90,356 8.00 % Common Equity Tier 1 Capital Ratio 248,671 22.02 % 50,825 4.50% 73,414 6.50 % Tier 1 Capital to Total Assets 248,671 14.88 % 66,840 4.00% 83,551 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, 2021 PDL Community Bancorp Total Capital to Risk-Weighted Assets $ 204,216 18.96 % $ 86,169 8.00 % $ 107,711 10.00 % Tier 1 Capital to Risk-Weighted Assets 190,714 17.71 % 64,627 6.00 % 86,169 8.00 % Common Equity Tier 1 Capital Ratio 190,714 17.71 % 48,470 4.50 % 70,012 6.50 % Tier 1 Capital to Total Assets 190,714 12.58 % 60,629 4.00 % 75,786 5.00 % Ponce Bank Total Capital to Risk-Weighted Assets $ 184,689 17.23 % $ 85,735 8.00 % $ 107,168 10.00 % Tier 1 Capital to Risk-Weighted Assets 171,253 15.98 % 64,301 6.00 % 85,735 8.00 % Common Equity Tier 1 Capital Ratio 171,253 15.98 % 48,226 4.50 % 69,659 6.50 % Tier 1 Capital to Total Assets 171,253 10.91 % 62,784 4.00 % 78,481 5.00 % Ponce Bank through its Mortgage World division, is subject to various net worth requirements in connection with lending agreements that Ponce Bank has entered with purchase facility lenders. Failure to maintain minimum capital requirements could result in the Bank’s Mortgage World division being unable 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) Prior to becoming a division of Ponce Bank, Mortgage World’s minimum net worth requirements as of December 31, 2021 are reflected below: Minimum Requirement (In thousands) HUD $ 1,000 New York Department of Financial Services 250 Other State Banking Departments 250 As of December 31, 2021, Mortgage World was in compliance with the applicable minimum capital requirements specified above.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Note 1 5 . Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss) are as follows: March 31, 2022 December 31, 2021 Change March 31, 2022 (in thousands) Unrealized gains (losses) on available-for-sale securities, net $ (1,456 ) $ (5,579 ) $ (7,035 ) Total $ (1,456 ) $ (5,579 ) $ (7,035 ) December 31, 2021 December 31, 2020 Change December 31, 2021 (in thousands) Unrealized gains on available-for-sale securities, net $ 135 $ (1,591 ) $ (1,456 ) Total $ 135 $ (1,591 ) $ (1,456 )

Transactions with Related Parti

Transactions with Related Parties	3 Months Ended
	Mar. 31, 2022
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, 2022 and 2021 were as follows: For the Three Months Ended March 31, 2022 2021 (in thousand) Beginning balance (1) $ 5,631 $ 424 Originations (1) 4,048 10 Payments (1,475 ) (10 ) Ending balance $ 8,204 $ 424 (1) Includes loans held by James Perez who became a director on March 17, 2022. The Company held deposits in the amount of $6.6 million and $6.2 million from directors, executive officers and non-executive officers at March 31, 2022 and December 31, 2021, respectively.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2022
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 an entity basis for the three months ended March 31, 2021 but on an operations basis for the three months ended March 31, 2022. Significant intercompany transactions are eliminated for the three months ended March 31, 2021 in consolidation. The following tables set forth condensed consolidated statements of operations and total assets for the operating segments for the three months ended March 31, 2022 and 2021, respectively: For the Three Months Ended March 31, 2022 Ponce Bank Mortgage World Ponce Financial Group, Inc. Eliminations Consolidated (in thousands) Interest and dividend income $ 18,888 $ 130 $ 84 $ (84 ) $ 19,018 Interest expense 1,696 68 — (84 ) 1,680 Net interest income 17,192 62 84 — 17,338 Provision for loan losses 1,258 — — — 1,258 Net interest income after provision for loan losses 15,934 62 84 — 16,080 Non-interest income 1,055 1,297 — (126 ) 2,226 Non-interest expense 20,118 2,223 5,859 (126 ) 28,074 Income (loss) before income taxes (3,129 ) (864 ) (5,775 ) — (9,768 ) Provision (benefit) for income taxes 406 — (3,354 ) — (2,948 ) Equity in undistributed earnings of Ponce Bank — — (4,399 ) 4,399 — Net income (loss) $ (3,535 ) $ (864 ) $ (6,820 ) $ 4,399 $ (6,820 ) Total assets at March 31, 2022 $ 1,574,228 $ 15,938 $ 298,418 $ (293,987 ) $ 1,594,597 Total assets at December 31, 2021 $ 1,630,031 $ 20,096 $ 312,137 $ (308,754 ) $ 1,653,510 For the Three Months Ended March 31, 2021 Ponce Bank Mortgage World Ponce Financial Group, Inc. Eliminations Consolidated (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 1,804 2,358 — (269 ) 3,893 Non-interest expense 10,000 2,291 893 (269 ) 12,915 Income (loss) before income taxes 3,959 77 (852 ) — 3,184 Provision (benefit) for income taxes 1,105 40 (413 ) — 732 Equity in undistributed earnings of Ponce Bank — — 2,891 (2,891 ) — Net income (loss) $ 2,854 $ 37 $ 2,452 $ (2,891 ) $ 2,452

Nature of Business and Summar_2

Nature of Business and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Financial Statement Presentation	Basis of Presentation and Consolidation: Ponce Financial Group, Inc., as the successor by merger with PDL Community Bancorp pursuant to the completion of the conversion and reorganization of Ponce Bank Mutual Holding Company from the mutual holding company to the stock holding company The Consolidated Financial Statements include the accounts of the Company, its wholly-owned subsidiary Ponce Bank (the “Bank”) and the Bank’s wholly-owned subsidiary, 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 savings and loan holding company. 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 13 full service banking and 4 mortgage loan 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 loan offices are located in Queens (2) and Brooklyn (1), New York 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 in September of 2017, 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 (“MDI”), a Community Development Financial Institution (“CDFI”), and a certified Small Business Administration (“SBA”) 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 Bankers, Inc. (“Mortgage World”). During the year ended December 31, 2021, Mortgage World was 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 was 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 were sold to investors. Although Mortgage World was permitted to do business in various states (New York, New Jersey, Pennsylvania, Florida and Connecticut), it primarily operated in the New York City metropolitan area. On January 26, 2022, Mortgage World transferred its assets and liabilities to Ponce Bank and ceased operating as an independent mortgage banking entity. Mortgage World’s business is now conducted as a division of Ponce Bank.
Risks and Uncertainties	Risks and Uncertainties: On February 24, 2022, Russian forces launched significant military action against Ukraine, and sustained conflict and disruption in the region is possible. The impact to Ukraine as well as actions taken by other countries, including new and stricter sanctions imposed by Canada, the United Kingdom, the European Union, the U.S. and other countries and companies and organizations against officials, individuals, regions, and industries in Russia, and actions taken by Russia in response to such sanctions, and each country’s potential response to such sanctions, tensions, and military actions could have a material adverse effect on our operations. Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) The coronavirus (“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, although to a much lesser extent, cases of the COVID-19 pandemic. Governments, businesses, and the public are still taking actions to address the spread of the COVID-19 pandemic and to mitigate its effects, including vaccinations and masking. The financial impact of the COVID-19 pandemic 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 adverse effects on its business operations, loan portfolio, financial condition, and results of operations. During the three months ended March 31, 2022, the provision for loan losses amounted to $1.3 million primarily due to increases in qualitative reserves as the Company continues to assess the economic impacts the COVID-19 pandemic, inflation and increase in interest rates has on our local economy and our loan portfolio.
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 statements 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 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. Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) 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 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. 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 When establishing the allowance for loan losses, management categorizes loans into risk categories reflecting individual borrower earnings, liquidity, leverage and cash flow, as well as the nature of underlying collateral. These risk categories and relevant risk characteristics are as follows:
Residential and Multifamily Mortgage Loans	Residential and Multifamily Mortgage Loans
Nonresidential Mortgage Loans	Nonresidential Mortgage Loans
Construction and Land Loans	Construction and Land Loans
Business Loans	Business Loans
Consumer Loans	Consumer Loans
Mortgage Loans Held for Sale, at Fair Value	Mortgage Loans Held for Sale, at Fair Value : Mortgage .
Derivative Financial Instrument	Derivative Financial Instruments Derivatives and Hedging Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Additionally, to facilitate the sale of mortgage loans, the Bank, through its Mortgage World division, 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, 2022, the Company did not enter into any forward sale or mandatory delivery positions on their financial instruments.
Revenue from Contracts with Customers	Revenue from Contracts with Customers: Revenue from Contract with Customers
COVID-19 Pandemic and the CARES Act	COVID-19 Pandemic and the CARES Act: 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. This relief was extended by the Consolidated Appropriations Act enacted on December 27, 2020 to the earlier of January 1, 2022 or 60 days after the termination of the national emergency. This relief was not extended beyond January 1, 2022 and the Bank has made appropriate adjustments which are not material. Federal banking agencies were required to defer to the determination of the banks making such election. 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-K. The Company has chosen to utilize this section of the CARES Act and does not report the COVID-19 pandemic related modifications as TDRs.
Transfers of Financial Assets	Transfers of Financial Assets
Premises and Equipment	Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Premises and Equipment Depreciation is computed and charged to operations using the straight-line method over the estimated useful lives of the respective assets as follows: Years Buildings 39 Building improvements 15 - 39 Furniture, fixtures, and equipment 3 - 10 Leasehold improvements are amortized over the shorter of the improvements’ estimated economic lives or the related lease terms, including extensions expected to be exercised. Gains and losses on dispositions are recognized upon realization. Maintenance and repairs are expensed as incurred and improvements are capitalized. Leasehold improvements in process are not amortized until the assets are placed in operation.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets
Other Real Estate Owned	Other Real Estate Owned 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	Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) 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	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)	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	Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) 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. The Company will be exiting the EGC status as of December 31, 2022. As of March 31, 2022, 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).” 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 its administrative office and 16 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 administrative office and 16 leased branches and mortgage offices. The Company is utilizing a new lease accounting tool to assist in the computations of its right to use asset and corresponding lease obligations for the operating leases. The Company will adopt this standard at the end of December 2022 and anticipates recognizing approximately $34.3 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. Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) 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, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Estimated Useful Lives of Assets	Note 1. Nature of Business and Summary of Significant Accounting Policies (Continued) Premises and Equipment Depreciation is computed and charged to operations using the straight-line method over the estimated useful lives of the respective assets as follows: Years Buildings 39 Building improvements 15 - 39 Furniture, fixtures, and equipment 3 - 10

Available-for-Sale Securities (

Available-for-Sale Securities (Tables)	3 Months Ended
	Mar. 31, 2022
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, 2022 and December 31, 2021 are summarized as follows: March 31, 2022 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (in thousands) Available-for-Sale Securities: U.S. Government Bonds $ 2,982 $ — $ (149 ) $ 2,833 Corporate Bonds 25,849 133 (881 ) 25,101 Mortgage-Backed Securities: Collateralized Mortgage Obligations (1) 49,276 — (2,545 ) 46,731 FNMA Certificates 85,328 (5,361 ) 79,967 GNMA Certificates 163 4 — 167 Total available-for-sale securities $ 163,598 $ 137 $ (8,936 ) $ 154,799 Held-to-Maturity Securities: FHLMC Certificates $ 927 $ — $ (59 ) $ 868 Total held-to-maturity securities $ 927 $ — $ (59 ) $ 868 (1) Comprised of Federal Home Loan Mortgage Corporation (“FHLMC”), Federal National Mortgage Association (“FNMA”) and Ginnie Mae (“GNMA”) issued securities December 31, 2021 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (in thousands) Available-for-Sale Securities: U.S. Government Bonds $ 2,981 $ — $ (47 ) $ 2,934 Corporate Bonds 21,243 144 (203 ) 21,184 Mortgage-Backed Securities: Collateralized Mortgage Obligations (1) 18,845 — (497 ) 18,348 FNMA Certificates 71,930 — (1,231 ) 70,699 GNMA Certificates 175 6 — 181 Total available-for-sale securities $ 115,174 $ 150 $ (1,978 ) $ 113,346 Held-to-Maturity Securities: FHLMC Certificates $ 934 $ — $ (20 ) $ 914 Total held-to-maturity securities $ 934 $ — $ (20 ) $ 914 (1) Comprised of FHLMC, FNMA and GNMA issued 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	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, 2022 and December 31, 2021: March 31, 2022 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 (in thousands) Available-for-Sale Securities: U.S. Government Bonds $ 2,833 $ (149 ) $ — $ — $ 2,833 $ (149 ) Corporate Bonds 19,695 (881 ) — — 19,695 (881 ) Mortgage-Backed Collateralized Mortgage Obligations 41,714 (1,891 ) 5,017 (654 ) 46,731 (2,545 ) FNMA Certificates 76,407 (5,151 ) 3,560 (210 ) 79,967 (5,361 ) Total available-for-sale securities $ 140,649 $ (8,072 ) $ 8,577 $ (864 ) $ 149,226 $ (8,936 ) Held-to-Maturity Securities: FHLMC Certificates $ — $ — $ 868 $ (59 ) $ 868 $ (59 ) Total held-to-maturity securities $ — $ — $ 868 $ (59 ) $ 868 $ (59 ) December 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 (in thousands) Available-for-Sale Securities: U.S. Government Bonds $ 2,934 $ (47 ) $ — $ — $ 2,934 $ (47 ) Corporate Bonds 15,297 (203 ) — — 15,297 (203 ) Mortgage-Backed Collateralized Mortgage Obligations 16,034 (419 ) 2,314 (78 ) 18,348 (497 ) FNMA Certificates 70,699 (1,231 ) — — 70,699 (1,231 ) Total available-for-sale securities $ 104,964 $ (1,900 ) $ 2,314 $ (78 ) $ 107,278 $ (1,978 ) Held-to-Maturity Securities: FHLMC Certificates $ 914 $ (20 ) $ — $ — $ 914 $ (20 ) Total held-to-maturity securities $ 914 $ (20 ) $ — $ — $ 914 $ (20 )
Summary of Maturities of Securities	The following is a summary of maturities of securities at March 31, 2022 and December 31, 2021. 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, 2022 Amortized Fair Cost Value (in thousands) Available-for-Sale Securities: U.S. Government Bonds: Amounts maturing: Three months or less $ — $ — More than three months through one year — — More than one year through five years 2,982 2,833 More than five years through ten years — — 2,982 2,833 Corporate Bonds: Amounts maturing: Three months or less $ — $ — More than three months through one year — — More than one year through five years 4,000 3,801 More than five years through ten years 21,849 21,300 25,849 25,101 Mortgage-Backed Securities 134,767 126,865 Total available-for-sale securities $ 163,598 $ 154,799 Held-to-Maturity Securities: FHLMC Certificates $ 927 $ 868 Total held-to-maturity securities $ 927 $ 868 Note 4. Available-for-Sale Securities (Continued) December 31, 2021 Amortized Fair Cost Value (in thousands) Available-for-Sale Securities: U.S. Government Bonds: Amounts maturing: Three months or less $ — $ — More than three months through one year — — More than one year through five years 2,981 2,934 More than five years through ten years — — 2,981 2,934 Corporate Bonds: Amounts maturing: Three months or less $ — $ — More than three months through one year — — More than one year through five years 4,445 4,381 More than five years through ten years 16,798 16,803 21,243 21,184 Mortgage-Backed Securities 90,950 89,228 Total available-for-sale securities $ 115,174 $ 113,346 Held-to-Maturity Securities: FHLMC Certificates $ 934 $ 914 Total held-to-maturity securities $ 934 $ 914

Loans Receivable and Allowanc_2

Loans Receivable and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Summary of Loans	Loans receivable at March 31, 2022 and December 31, 2021 are summarized as follows: March 31, December 31, 2022 2021 (in thousands) Mortgage loans: 1-4 Family residential Investor-Owned $ 323,442 $ 317,304 Owner-Occupied 95,234 96,947 Multifamily residential 368,133 348,300 Nonresidential properties 251,893 239,691 Construction and land 144,881 134,651 Total mortgage loans 1,183,583 1,136,893 Nonmortgage loans: Business loans (1) 100,253 150,512 Consumer loans (2) 31,899 34,693 Total non-mortgage loans 132,152 185,205 Total loans, gross 1,315,735 1,322,098 Net deferred loan origination costs 1,604 (668 ) Allowance for loan losses (16,893 ) (16,352 ) Loans receivable, net $ 1,300,446 $ 1,305,078 (1) As of March 31, 2022 and December 31, 2021, business loans include $86.0 million and $136.8 million, respectively, of SBA Paycheck Protection (2) As of March 31, 2022 and December 31, 2021, consumer loans include $31.0 million and $33.9 million, respectively, of microloans originated by the Bank through a mobile application of Grain Technologies, LLC (“Grain”) that is geared to the underbanked and new generations entering the financial services market and uses non-traditional underwriting methodologies
Schedule of Credit Risk Ratings by Loan Segment	The following tables present credit risk ratings by loan segment as of March 31, 2022 and December 31, 2021: March 31, 2022 Mortgage Loans Nonmortgage Loans Construction Total 1-4 Family Multifamily Nonresidential and Land Business Consumer Loans (in thousands) Risk Rating: Pass $ 407,132 $ 361,069 $ 249,492 $ 137,314 $ 100,253 $ 31,899 $ 1,287,159 Special mention 1,502 5,301 — — — — 6,803 Substandard 10,042 1,763 2,401 7,567 — — 21,773 Total $ 418,676 $ 368,133 $ 251,893 $ 144,881 $ 100,253 $ 31,899 $ 1,315,735 December 31, 2021 Mortgage Loans Nonmortgage Loans Construction Total 1-4 Family Multifamily Nonresidential and Land Business Consumer Loans (in thousands) Risk Rating: Pass $ 402,276 $ 339,047 $ 237,371 $ 127,084 $ 150,512 $ 34,693 $ 1,290,983 Special mention 1,820 5,328 — 6,650 — — 13,798 Substandard 10,155 3,925 2,320 917 — — 17,317 Total $ 414,251 $ 348,300 $ 239,691 $ 134,651 $ 150,512 $ 34,693 $ 1,322,098
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, 2022 and December 31, 2021, is as follows: March 31, 2022 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 (in thousands) Mortgage loans: 1-4 Family residential Investor-Owned $ 319,129 $ 3,645 $ — $ 668 $ 323,442 $ 3,826 $ — Owner-Occupied 92,760 675 — 1,799 95,234 3,154 — Multifamily residential 368,133 — — — 368,133 — — Nonresidential properties 251,893 — — — 251,893 1,264 — Construction and land 137,314 — 7,567 — 144,881 7,567 — Nonmortgage loans: Business 100,188 65 — — 100,253 — — Consumer 28,481 1,751 1,443 224 31,899 — — Total $ 1,297,898 $ 6,136 $ 9,010 $ 2,691 $ 1,315,735 $ 15,811 $ — December 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 (in thousands) Mortgage loans: 1-4 Family residential Investor-Owned $ 312,918 $ 321 $ 2,969 $ 1,096 $ 317,304 $ 3,583 $ — Owner-Occupied 91,568 2,961 471 1,947 96,947 3,480 — Multifamily residential 346,409 1,704 187 — 348,300 1,200 — Nonresidential properties 237,589 934 1,168 — 239,691 2,262 — Construction and land 134,651 — — — 134,651 917 — Nonmortgage loans: Business 145,919 4,036 544 13 150,512 — — Consumer 30,359 2,570 1,759 5 34,693 — — Total $ 1,299,413 $ 12,526 $ 7,098 $ 3,061 $ 1,322,098 $ 11,442 $ —
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 and for the three months ended March 31, 2022 and 2021, and as of and for the year ended December 31, 2021: For the Three Months Ended March 31, 2022 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 (in thousands) Allowance for loan losses: Balance, beginning of period $ 3,540 $ 1,178 $ 5,684 $ 2,165 $ 2,024 $ 306 $ 1,455 $ 16,352 Provision charged to expense 41 (6 ) 304 104 (7 ) 55 767 1,258 Losses charged-off — — — — — — (751 ) (751 ) Recoveries — — — — — 2 32 34 Balance, end of period $ 3,581 $ 1,172 $ 5,988 $ 2,269 $ 2,017 $ 363 $ 1,503 $ 16,893 Ending balance: individually evaluated for impairment $ 93 $ 114 $ — $ 38 $ — $ — $ — $ 245 Ending balance: collectively evaluated for impairment 3,488 1,058 5,988 2,231 2,017 363 1,503 16,648 Total $ 3,581 $ 1,172 $ 5,988 $ 2,269 $ 2,017 $ 363 $ 1,503 $ 16,893 Loans: Ending balance: individually evaluated for impairment $ 5,970 $ 4,828 $ — $ 1,991 $ 7,567 $ — $ — $ 20,356 Ending balance: collectively evaluated for impairment 317,472 90,406 368,133 249,902 137,314 100,253 31,899 1,295,379 Total $ 323,442 $ 95,234 $ 368,133 $ 251,893 $ 144,881 $ 100,253 $ 31,899 $ 1,315,735 Note 5. Loans Receivable and Allowance for Loan Losses (Continued) 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 (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 Year Ended December 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 (in thousands) Allowance for loan losses: Balance, beginning of year $ 3,850 $ 1,260 $ 5,214 $ 2,194 $ 1,820 $ 254 $ 278 $ 14,870 Provision charged to expense (318 ) (127 ) 508 (29 ) 204 (32 ) 2,511 2,717 Losses charged-off — — (38 ) — — — (1,342 ) (1,380 ) Recoveries 8 45 — — — 84 8 145 Balance, end of year $ 3,540 $ 1,178 $ 5,684 $ 2,165 $ 2,024 $ 306 $ 1,455 $ 16,352 Ending balance: individually evaluated for impairment $ 91 $ 114 $ — $ 38 $ — $ — $ — $ 243 Ending balance: collectively evaluated for impairment 3,449 1,064 5,684 2,127 2,024 306 1,455 16,109 Total $ 3,540 $ 1,178 $ 5,684 $ 2,165 $ 2,024 $ 306 $ 1,455 $ 16,352 Loans: Ending balance: individually evaluated for impairment $ 6,672 $ 5,854 $ 1,200 $ 2,995 $ 917 $ 13 $ — $ 17,651 Ending balance: collectively evaluated for impairment 310,632 91,093 347,100 236,696 133,734 150,499 34,693 1,304,447 Total $ 317,304 $ 96,947 $ 348,300 $ 239,691 $ 134,651 $ 150,512 $ 34,693 $ 1,322,098
Schedule of Information Relates to Impaired Loans	The following information relates to impaired loans as of and for the three months ended March 31, 2022 and 2021 and as of and for the year ended December 31, 2021: Unpaid Contractual Recorded Investment Recorded Investment Total Average Interest Income Principal With No With Recorded Related Recorded Recognized As of and For the Three Months Ended March 31, 2022 Balance Allowance Allowance Investment Allowance Investment on a Cash Basis (in thousands) Mortgage loans: 1-4 Family residential $ 11,131 $ 8,386 $ 2,412 $ 10,798 $ 207 $ 11,970 $ 76 Multifamily residential — — — — — 1,104 — Nonresidential properties 2,023 1,636 355 1,991 38 3,399 20 Construction and land 7,567 7,567 — 7,567 — 1,568 17 Nonmortgage loans: Business — — — — — 12 — Consumer — — — — 24 — Total $ 20,721 $ 17,589 $ 2,767 $ 20,356 $ 245 $ 18,077 $ 113 Unpaid Contractual Recorded Investment Recorded Investment Total Average Interest Income Principal With No With Recorded Related Recorded Recognized As of and For the Three Months Ended March 31, 2021 Balance Allowance Allowance Investment Allowance Investment on a Cash Basis (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 As of and for the Year Ended December 31, 2021 Balance Allowance Allowance Investment Allowance Investment on a Cash Basis (in thousands) Mortgage loans: 1-4 Family residential $ 13,333 $ 10,535 $ 1,991 $ 12,526 $ 205 $ 12,145 $ 189 Multifamily residential 1,200 1,200 — 1,200 — 1,139 63 Nonresidential properties 3,494 2,637 358 2,995 38 3,941 38 Construction and land 917 917 — 917 — 307 17 Nonmortgage loans: Business 13 13 — 13 — 13 — Consumer — — — — — 24 — Total $ 18,957 $ 15,302 $ 2,349 $ 17,651 $ 243 $ 17,569 $ 307

Premises and Equipment (Tables)

Premises and Equipment (Tables)	3 Months Ended
	Mar. 31, 2022
Property Plant And Equipment [Abstract]
Summary of Premises and Equipment	Premises and equipment at March 31, 2022 and December 31, 2021 are summarized as follows: March 31, December 31, 2022 2021 (in thousands) Land $ 932 $ 932 Buildings and improvements 4,327 4,327 Leasehold improvements 15,980 16,462 Furniture, fixtures and equipment 9,586 9,661 30,825 31,382 Less: accumulated depreciation and amortization (11,546 ) (11,765 ) Total premises and equipment $ 19,279 $ 19,617

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2022
Banking And Thrifts [Abstract]
Summarized Deposits	Deposits at March 31, 2022 and December 31, 2021 are summarized as follows: March 31, December 31, 2022 2021 (in thousands) Demand (1) $ 281,132 $ 274,956 Interest-bearing deposits: NOW/IOLA accounts 33,010 35,280 Money market accounts 169,847 186,893 Reciprocal deposits 160,510 143,221 Savings accounts 133,966 134,887 Total NOW, money market, reciprocal and savings 497,333 500,281 Certificates of deposit of $250K or more 75,130 78,454 Brokered certificates of deposits (2) 79,282 79,320 Listing service deposits (2) 53,876 66,411 Certificates of deposit less than $250K 194,412 205,294 Total certificates of deposit 402,700 429,479 Total interest-bearing deposits 900,033 929,760 Total deposits $ 1,181,165 $ 1,204,716 (1) As of March 31, 2022 and December 31, 2021, included in demand deposits are deposits related to net PPP funding. (2) A s of March 31, 2022 and December 31, 2021, there were $19.0 million and $29.0 million, respectively, in individual listing service deposits amounting to $250,000 or more. All brokered certificates of deposit individually amounted to less than $250,000.
Scheduled Maturities of Certificates of Deposit	At March 31, 2022 scheduled maturities of certificates of deposit were as follows: (in thousands) 2023 $ 242,101 2024 45,660 2025 35,866 2026 64,357 2027 10,754 Thereafter 3,962 $ 402,700

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Borrowed Funds FHLBNY Advances Maturity and Call Date	Borrowed funds at March 31, 2022 and December 31, 2021 consist of the following and are summarized by maturity and call date below: March 31, December 31, 2022 2021 Scheduled Maturity Redeemable at Call Date Weighted Average Rate Scheduled Maturity Redeemable at Call Date Weighted Average Rate (Dollars in thousands) FHLBNY Term advances ending: 2022 65,000 65,000 1.89 % 77,880 77,880 1.73 % 2023 28,375 28,375 2.82 28,375 28,375 2.82 $ 93,375 $ 93,375 2.17 % $ 106,255 $ 106,255 2.02 %
Schedule of Warehouse Lines of Credit	March 31, 2022 Credit Line Unused Line Maximum of Credit Balance (in thousands) Warehouse Line of Credit #1 $ 10,000 $ 9,247 $ 753 Total long-term debt $ 10,000 $ 9,247 $ 753 December 31, 2021 Credit Line Unused Line Maximum of Credit Balance (in thousands) Warehouse Line of Credit #1 $ 15,000 $ 8,636 $ 6,364 Warehouse Line of Credit #2 15,000 $ 6,274 $ 8,726 Total long-term debt $ 30,000 $ 14,910 $ 15,090

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2022
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, 2022 and 2021 consists of the following: For the Three Months Ended March 31, 2022 2021 (in thousands) Federal: Current $ (1,053 ) $ 560 Deferred (1,715 ) 36 (2,768 ) 596 State and local: Current 195 68 Deferred (543 ) 310 (348 ) 378 Valuation allowance 168 (242 ) (Benefit) provision for income taxes $ (2,948 ) $ 732
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, 2022 and 2021, respectively, to income before income taxes as a result of the following: For the Three Months Ended March 31, 2022 2021 (in thousands) Income tax, at federal rate $ (2,051 ) $ 669 State and local tax, net of federal taxes (275 ) 299 Valuation allowance, net of the federal benefit 168 (242 ) Other (790 ) 6 $ (2,948 ) $ 732
Schedule of Significant Deferred Tax Assets and Liabilities	Note 9. Income Taxes (Continued) The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at March 31, 2022 and December 31, 2021 are presented below: March 31, December 31, 2022 2021 (in thousands) Deferred tax assets: Allowance for loan losses $ 5,428 $ 5,254 Deferred loan fees — 214 Interest on nonaccrual loans 154 102 Unrealized loss on available-for-sale securities 1,929 399 Amortization of intangible assets 45 50 Deferred rent payable 181 152 Net operating losses 4,557 3,280 Charitable contribution carryforward 1,621 366 Compensation and benefits 666 456 Other 259 264 Total gross deferred tax assets 14,840 10,537 Deferred tax liabilities: Depreciation of premises and equipment 1,301 1,301 Deferred loan fees 515 — Other 63 63 Total gross deferred tax liabilities 1,879 1,364 Valuation allowance 5,521 5,353 Net deferred tax assets $ 7,440 $ 3,820

Compensation and Benefit Plans

Compensation and Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2022
Compensation And Retirement Disclosure [Abstract]
Summary of ESOP Shares	Note 10. Compensation and Benefit Plans (Continued) A summary of the ESOP shares as of March 31, 2022 and December 31, 2021 are as follows: March 31, 2022 December 31, 2021 (Dollars in thousands) Shares committed-to-be released 169,756 96,500 Shares allocated to participants 235,361 170,145 Unallocated shares 1,668,101 434,251 Total 2,073,218 700,896 Fair value of unallocated shares $ 17,315 $ 6,297
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 three months ended March 31, 2022 and year ended December 31, 2021 are as follows: March 31, 2022 Number of Shares Weighted- Average Grant Date Fair Value Per Share Non-vested, beginning of year 237,687 $ 12.65 Conversion and reorganization 93,933 — Granted — — Vested (12,440 ) 9.27 Forfeited — — Non-vested at March 31 319,180 $ 9.06 December 31, 2021 Number of Shares Weighted- Average Grant Date Fair Value Per Share Non-vested, beginning of year (1) 335,919 $ 12.66 Granted — — Vested (98,232 ) 12.69 Forfeited — — Non-vested at December 31 237,687 $ 12.65
Schedule of Stock Option Awards Activity and Related Information	A summary of the Company’s stock option awards activity and related information for three months ended March 31, 2022 and year ended December 31, 2021 are as follows: March 31, 2022 Options Weighted- Average Exercise Price Per Share Outstanding, beginning of year (1) 203,766 $ 12.02 Conversion and reorganization 80,526 — Granted — — Exercised — — Forfeited — — Outstanding at March 31 (2) 284,292 8.62 Exercisable at March 31 (2) 136,141 $ 8.93 December 31, 2021 Options Weighted- Average Exercise Price Per Share Outstanding, beginning of year 203,766 $ 12.02 Granted — — Exercised — — Forfeited — — Outstanding at December 31 (2) 203,766 $ 12.02 Exercisable at December 31 (2) 94,904 $ 12.45 (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 $502,000 for outstanding options and $198,000 for exercisable options at March 31, 2022 and was $505,000 for outstanding options and $195,000 or exercisable options December 31, 2021.
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, 2022 2021 Dividend yield 0.00 % 0.00 % Expected life 6.5 years 6.5 years Expected volatility 38.51 % 38.51 % Risk-free interest rate 0.48 % 0.48 % Weighted average grant date fair value $ 2.70 $ 3.77

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
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, 2022 2021 (Dollars in thousands except share data) Net (loss) income $ (6,820 ) $ 2,452 Common shares outstanding for basic EPS: Weighted average common shares outstanding 22,744,101 17,078,813 Less: Weighted average unallocated Employee Stock Ownership Plan (ESOP) shares 1,022,988 530,617 Basic weighted average common shares outstanding 21,721,113 16,548,196 Basic earnings per common share $ (0.31 ) $ 0.15 Potential dilutive common shares: Add: Dilutive effect of restricted stock awards and stock options — — Diluted weighted average common shares outstanding 21,721,113 16,548,196 Diluted earnings per common share $ (0.31 ) $ 0.15

Commitments, Contingencies an_2

Commitments, Contingencies and Credit Risk (Tables)	3 Months Ended
	Mar. 31, 2022
Commitments And Contingencies Disclosure [Abstract]
Financial Instruments Whose Contractual Amounts Represent Credit Risk	Financial instruments whose contractual amounts represent credit risk at March 31, 2022 and December 31, 2021 are as follows: March 31, December 31, 2022 2021 (in thousands) Commitments to grant mortgage loans $ 146,684 $ 127,159 Commitments to sell loans at lock-in rates 7,123 13,321 Unfunded commitments under lines of credit 80,478 80,033 $ 234,285 $ 220,513
Projected Minimum Rental Payments under Terms of Leases	The projected minimum rental payments under the terms of the leases at March 31, 2022 are as follows: (in thousands) Remainder of 2022 $ 2,662 2023 3,600 2024 3,643 2025 3,600 2026 3,422 2027 3,285 Thereafter 28,827 $ 49,039

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2022
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, 2021 $ 172 Change in fair value of derivative instrument reported in earnings (20 ) Balance as of March 31, 2022 152
Assets Measured at Fair Value on Recurring Basis	The following tables detail the assets that are carried at fair value and measured at fair value on a recurring basis as of March 31, 2022 and December 31, 2021, and indicate the level within the fair value hierarchy utilized to determine the fair value: March 31, 2022 Description Total Level 1 Level 2 Level 3 (in thousands) Available-for-Sale Securities, at fair value: U.S. Government Bonds $ 2,833 $ — $ 2,833 $ — Corporate bonds 25,101 — 25,101 — Mortgage-Backed Securities: Collateralized Mortgage Obligations 46,731 — 46,731 — FNMA Certificates 79,967 — 79,967 — GNMA Certificates 167 — 167 — Mortgage Loans Held for Sale, at fair value 7,972 — 7,972 — Derivatives from interest rate lock commitments 152 — — 152 $ 162,923 $ — $ 162,771 $ 152 December 31, 2021 Description Total Level 1 Level 2 Level 3 (in thousands) Available-for-Sale Securities: U.S. Government Bonds $ 2,934 $ — $ 2,934 $ — Corporate bonds 21,184 — 21,184 — Mortgage-Backed Securities: Collateralized Mortgage Obligations 18,348 — 18,348 — FNMA Certificates 70,699 — 70,699 — GNMA Certificates 181 — 181 — Mortgage Loans Held for Sale, at fair value 15,836 — 15,836 — Derivatives from interest rate lock commitments 172 — — 172 $ 129,354 $ — $ 129,182 $ 172
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, 2022 and December 31, 2021 and indicate the fair value hierarchy utilized to determine the fair value: March 31, 2022 Total Level 1 Level 2 Level 3 (in thousands) Impaired loans $ 20,356 $ — $ — $ 20,356 December 31, 2021 Total Level 1 Level 2 Level 3 (in thousands) Impaired loans $ 17,651 $ — $ — $ 17,651
Estimated Fair Values of Financial Instruments	Note 13. Fair Value (Continued) As of March 31, 2022 and December 31, 2021, 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 (in thousands) March 31, 2022 Financial assets: Cash and cash equivalents $ 69,295 $ 69,295 $ — $ — $ 69,295 Available-for-sale securities, at fair value 154,799 — 154,799 — 154,799 Held-to-maturity securities, at amortized cost 927 — 868 — 868 Placements with banks 2,490 — 2,490 — 2,490 Mortgage loans held for sale, at fair value 7,972 — 7,972 — 7,972 Loans receivable, net 1,300,446 — — 1,286,531 1,286,531 Accrued interest receivable 12,799 — 12,799 — 12,799 FHLBNY stock 5,420 5,420 — — 5,420 Financial liabilities: Deposits: Demand deposits 281,132 281,132 — — 281,132 Interest-bearing deposits 497,333 497,333 — — 497,333 Certificates of deposit 402,700 — 398,967 — 398,967 Advance payments by borrowers for taxes and insurance 10,161 — 10,161 — 10,161 Advances from FHLBNY 93,375 — 91,134 — 91,134 Warehouse lines of credit 753 — 753 — 753 Accrued interest payable 223 — 223 — 223 Carrying Fair Value Measurements Amount Level 1 Level 2 Level 3 Total (in thousands) December 31, 2021 Financial assets: Cash and cash equivalents $ 153,894 $ 153,894 $ — $ — $ 153,894 Available-for-sale securities, at fair value 113,346 — 108,417 4,929 113,346 Held-to-maturity securities, at amortized cost 934 — 914 — 914 Placements with banks 2,490 — 2,490 — 2,490 Mortgage loans held for sale, at fair value 15,836 — 15,836 15,836 Loans receivable, net 1,305,078 — — 1,306,253 1,306,253 Accrued interest receivable 12,362 — 12,362 — 12,362 FHLBNY stock 6,001 6,001 — — 6,001 Financial liabilities: Deposits: Demand deposits 274,956 274,956 — — 274,956 Interest-bearing deposits 500,281 500,281 — — 500,281 Certificates of deposit 429,479 — 431,339 — 431,339 Advance payments by borrowers for taxes and insurance 7,657 — 7,657 — 7,657 Advances from FHLBNY 106,255 — 106,680 — 106,680 Warehouse lines of credit 15,090 — 15,090 — 15,090 Accrued interest payable 228 — 228 — 228

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	3 Months Ended
	Mar. 31, 2022
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, 2022 and December 31, 2021 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, 2022 Ponce Financial Group, Inc. Total Capital to Risk-Weighted Assets $ 320,821 28.29 % $ 90,715 8.00% $ 113,394 10.00 % Tier 1 Capital to Risk-Weighted Assets 306,310 27.01 % 68,036 6.00% 90,715 8.00 % Common Equity Tier 1 Capital Ratio 306,310 27.01 % 51,027 4.50% 73,706 6.50 % Tier 1 Capital to Total Assets 306,310 17.74 % 69,072 4.00% 86,339 5.00 % Ponce Bank Total Capital to Risk-Weighted Assets $ 262,826 23.27 % $ 90,356 8.00% $ 112,945 10.00 % Tier 1 Capital to Risk-Weighted Assets 248,671 22.02 % 67,767 6.00% 90,356 8.00 % Common Equity Tier 1 Capital Ratio 248,671 22.02 % 50,825 4.50% 73,414 6.50 % Tier 1 Capital to Total Assets 248,671 14.88 % 66,840 4.00% 83,551 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, 2021 PDL Community Bancorp Total Capital to Risk-Weighted Assets $ 204,216 18.96 % $ 86,169 8.00 % $ 107,711 10.00 % Tier 1 Capital to Risk-Weighted Assets 190,714 17.71 % 64,627 6.00 % 86,169 8.00 % Common Equity Tier 1 Capital Ratio 190,714 17.71 % 48,470 4.50 % 70,012 6.50 % Tier 1 Capital to Total Assets 190,714 12.58 % 60,629 4.00 % 75,786 5.00 % Ponce Bank Total Capital to Risk-Weighted Assets $ 184,689 17.23 % $ 85,735 8.00 % $ 107,168 10.00 % Tier 1 Capital to Risk-Weighted Assets 171,253 15.98 % 64,301 6.00 % 85,735 8.00 % Common Equity Tier 1 Capital Ratio 171,253 15.98 % 48,226 4.50 % 69,659 6.50 % Tier 1 Capital to Total Assets 171,253 10.91 % 62,784 4.00 % 78,481 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	Prior to becoming a division of Ponce Bank, Mortgage World’s minimum net worth requirements as of December 31, 2021 are reflected below: Minimum Requirement (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 (Loss) (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Components of Accumulated Other Comprehensive Income (Loss)	The components of accumulated other comprehensive income (loss) are as follows: March 31, 2022 December 31, 2021 Change March 31, 2022 (in thousands) Unrealized gains (losses) on available-for-sale securities, net $ (1,456 ) $ (5,579 ) $ (7,035 ) Total $ (1,456 ) $ (5,579 ) $ (7,035 ) December 31, 2021 December 31, 2020 Change December 31, 2021 (in thousands) Unrealized gains on available-for-sale securities, net $ 135 $ (1,591 ) $ (1,456 ) Total $ 135 $ (1,591 ) $ (1,456 )

Transactions with Related Par_2

Transactions with Related Parties (Tables)	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Schedule of Aggregate Loan Transactions with Related Parties	Aggregate loan transactions with related parties for the three months ended March 31, 2022 and 2021 were as follows: For the Three Months Ended March 31, 2022 2021 (in thousand) Beginning balance (1) $ 5,631 $ 424 Originations (1) 4,048 10 Payments (1,475 ) (10 ) Ending balance $ 8,204 $ 424

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of Operations and Total Assets of Operating Segments	The following tables set forth condensed consolidated statements of operations and total assets for the operating segments for the three months ended March 31, 2022 and 2021, respectively: For the Three Months Ended March 31, 2022 Ponce Bank Mortgage World Ponce Financial Group, Inc. Eliminations Consolidated (in thousands) Interest and dividend income $ 18,888 $ 130 $ 84 $ (84 ) $ 19,018 Interest expense 1,696 68 — (84 ) 1,680 Net interest income 17,192 62 84 — 17,338 Provision for loan losses 1,258 — — — 1,258 Net interest income after provision for loan losses 15,934 62 84 — 16,080 Non-interest income 1,055 1,297 — (126 ) 2,226 Non-interest expense 20,118 2,223 5,859 (126 ) 28,074 Income (loss) before income taxes (3,129 ) (864 ) (5,775 ) — (9,768 ) Provision (benefit) for income taxes 406 — (3,354 ) — (2,948 ) Equity in undistributed earnings of Ponce Bank — — (4,399 ) 4,399 — Net income (loss) $ (3,535 ) $ (864 ) $ (6,820 ) $ 4,399 $ (6,820 ) Total assets at March 31, 2022 $ 1,574,228 $ 15,938 $ 298,418 $ (293,987 ) $ 1,594,597 Total assets at December 31, 2021 $ 1,630,031 $ 20,096 $ 312,137 $ (308,754 ) $ 1,653,510 For the Three Months Ended March 31, 2021 Ponce Bank Mortgage World Ponce Financial Group, Inc. Eliminations Consolidated (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 1,804 2,358 — (269 ) 3,893 Non-interest expense 10,000 2,291 893 (269 ) 12,915 Income (loss) before income taxes 3,959 77 (852 ) — 3,184 Provision (benefit) for income taxes 1,105 40 (413 ) — 732 Equity in undistributed earnings of Ponce Bank — — 2,891 (2,891 ) — Net income (loss) $ 2,854 $ 37 $ 2,452 $ (2,891 ) $ 2,452

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, 2022USD ($)SegmentBranchLease	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2022USD ($)
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch banking offices | BranchOffice	13
Number of branch mortgage loan offices | MortgageOffice	4
Provision for loan losses (Note 5) | $		$ 1,258	$ 686	$ 2,717
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		16
Scenario Forecast
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Right of use asset | $					$ 34,300
Operating lease liability | $					$ 35,500
Construction Loans
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Provision for loan losses (Note 5) | $		$ (7)	107	204
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) | $		$ 55	$ (10)	$ (32)
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) | $		$ 1,300
Mortgage World Bankers Inc
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Business Acquisition, Effective Date of Acquisition	Jul. 10, 2020
Business Acquisition, Name of Acquired Entity	Mortgage World
Bronx
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch banking offices | BranchOffice	4
Manhattan
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch banking offices | BranchOffice	2
Queens
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch banking offices | BranchOffice	3
Number of branch mortgage loan offices | MortgageOffice	2
Brooklyn
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch banking offices | BranchOffice	3
Number of branch mortgage loan offices | MortgageOffice	1
Union City
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch banking offices | BranchOffice	1
New York and Bergenfield
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch mortgage loan offices | MortgageOffice	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, 2022
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

Plan of Conversion and Stock _2

Plan of Conversion and Stock Offering - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 28, 2022	Jan. 27, 2022	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Conversion Of Stock [Line Items]
Cash and cash equivalents			$ 69,295	$ 153,894
Contribution to the Ponce De Leon Foundation (Note 2)		$ 5,000	$ 4,995
PDL Community Bancorp
Conversion Of Stock [Line Items]
Cash and cash equivalents				$ 122,000
Common Stock
Conversion Of Stock [Line Items]
Total outstanding shares	24,711,834		24,724,274	17,425,987	17,018,252	17,125,969
Total issued shares	24,711,834
Sale price in offering	$ 10
Common Stock | PDL Community Bancorp
Conversion Of Stock [Line Items]
Conversion of stock	1.3952	977,880

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, 2022		Dec. 31, 2021
Available-for-Sale Securities:
Amortized Cost	$ 163,598		$ 115,174
Gross Unrealized Gains	137		150
Gross Unrealized Losses	(8,936)		(1,978)
Fair Value	154,799		113,346
Held-to-Maturity Securities:
Amortized Cost	927		934
Gross Unrealized Losses	(59)		(20)
Fair Value	868		914
Corporate Bonds
Available-for-Sale Securities:
Amortized Cost	25,849		21,243
Gross Unrealized Gains	133		144
Gross Unrealized Losses	(881)		(203)
Fair Value	25,101		21,184
U.S. Government Bonds
Available-for-Sale Securities:
Amortized Cost	2,982		2,981
Gross Unrealized Losses	(149)		(47)
Fair Value	2,833		2,934
Collateralized Mortgage Obligations
Available-for-Sale Securities:
Amortized Cost	49,276	[1]	18,845
Gross Unrealized Losses	(2,545)	[1]	(497)
Fair Value	46,731	[1]	18,348
FNMA Certificates
Available-for-Sale Securities:
Amortized Cost	85,328		71,930
Gross Unrealized Losses	(5,361)		(1,231)
Fair Value	79,967		70,699
GNMA Certificates
Available-for-Sale Securities:
Amortized Cost	163		175
Gross Unrealized Gains	4		6
Fair Value	167		181
FHLMC Certificates
Held-to-Maturity Securities:
Amortized Cost	927		934
Gross Unrealized Losses	(59)		(20)
Fair Value	$ 868		$ 914
[1]	Comprised of Federal Home Loan Mortgage Corporation (“FHLMC”), Federal National Mortgage Association (“FNMA”) and Ginnie Mae (“GNMA”) issued securities

Available-for-Sale Securities_2

Available-for-Sale Securities - Additional Information (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2022USD ($)Security	Dec. 31, 2021USD ($)Security
Schedule Of Available For Sale Securities [Line Items]
Held to maturity | Security	1	1
Available For Sale Securities | Security	42	29
Available For Sale Securities Amount		$ 3,600,000
Sale of Held - to maturity Securities	$ 0	0
Sale of available-for-sale securities	0
Available-for-sale securities matured	455,000	2,700,000
Purchases of available-for-sale securities	$ 53,400,000	$ 109,900,000
Number of held-to-maturity security | Security	1	1
Number of investment securities not other than temporary | Security	38	23
Securities pledged	$ 0	$ 0
Available For Sale Of Security [Member]
Schedule Of Available For Sale Securities [Line Items]
Available For Sale Securities | Security		2

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, 2022	Dec. 31, 2021
Available-for-Sale Securities:
Securities With Gross Unrealized Losses Less Than 12 Months, Fair Value	$ 140,649	$ 104,964
Securities With Gross Unrealized Losses Less Than 12 Months, Unrealized Losses	(8,072)	(1,900)
Securities With Gross Unrealized Losses 12 Months or More, Fair Value	8,577	2,314
Securities With Gross Unrealized Losses 12 Months or More, Unrealized Losses	(864)	(78)
Securities With Gross Unrealized Losses, Total Fair Value	149,226	107,278
Securities With Gross Unrealized Losses, Total Unrealized Losses	(8,936)	(1,978)
Held-to-Maturity Securities:
Securities With Gross Unrealized Losses Less Than 12 Months, Fair Value		914
Securities With Gross Unrealized Losses Less Than 12 Months, Unrealized Losses		(20)
Securities With Gross Unrealized Losses 12 Months or More, Fair Value	868
Securities With Gross Unrealized Losses 12 Months or More, Unrealized Losses	(59)
Securities With Gross Unrealized Losses, Total Fair Value	868	914
Securities With Gross Unrealized Losses, Total Unrealized Losses	(59)	(20)
U.S. Government Bonds
Available-for-Sale Securities:
Securities With Gross Unrealized Losses Less Than 12 Months, Fair Value	2,833	2,934
Securities With Gross Unrealized Losses Less Than 12 Months, Unrealized Losses	(149)	(47)
Securities With Gross Unrealized Losses, Total Fair Value	2,833	2,934
Securities With Gross Unrealized Losses, Total Unrealized Losses	(149)	(47)
Corporate Bonds
Available-for-Sale Securities:
Securities With Gross Unrealized Losses Less Than 12 Months, Fair Value	19,695	15,297
Securities With Gross Unrealized Losses Less Than 12 Months, Unrealized Losses	(881)	(203)
Securities With Gross Unrealized Losses, Total Fair Value	19,695	15,297
Securities With Gross Unrealized Losses, Total Unrealized Losses	(881)	(203)
Collateralized Mortgage Obligations
Available-for-Sale Securities:
Securities With Gross Unrealized Losses Less Than 12 Months, Fair Value	41,714	16,034
Securities With Gross Unrealized Losses Less Than 12 Months, Unrealized Losses	(1,891)	(419)
Securities With Gross Unrealized Losses 12 Months or More, Fair Value	5,017	2,314
Securities With Gross Unrealized Losses 12 Months or More, Unrealized Losses	(654)	(78)
Securities With Gross Unrealized Losses, Total Fair Value	46,731	18,348
Securities With Gross Unrealized Losses, Total Unrealized Losses	(2,545)	(497)
FNMA Certificates
Available-for-Sale Securities:
Securities With Gross Unrealized Losses Less Than 12 Months, Fair Value	76,407	70,699
Securities With Gross Unrealized Losses Less Than 12 Months, Unrealized Losses	(5,151)	(1,231)
Securities With Gross Unrealized Losses 12 Months or More, Fair Value	3,560
Securities With Gross Unrealized Losses 12 Months or More, Unrealized Losses	(210)
Securities With Gross Unrealized Losses, Total Fair Value	79,967	70,699
Securities With Gross Unrealized Losses, Total Unrealized Losses	(5,361)	(1,231)
FHLMC Certificates
Held-to-Maturity Securities:
Securities With Gross Unrealized Losses Less Than 12 Months, Fair Value		914
Securities With Gross Unrealized Losses Less Than 12 Months, Unrealized Losses		(20)
Securities With Gross Unrealized Losses 12 Months or More, Fair Value	868
Securities With Gross Unrealized Losses 12 Months or More, Unrealized Losses	(59)
Securities With Gross Unrealized Losses, Total Fair Value	868	914
Securities With Gross Unrealized Losses, Total Unrealized Losses	$ (59)	$ (20)

Available-for-Sale Securities_4

Available-for-Sale Securities - Summary of Maturities of Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Available-for-Sale Securities:
Available-for-Sale Securities, Amortized Cost	$ 163,598	$ 115,174
Held-to-Maturity Securities:
Held-to-Maturity Securities, Amortized Cost	927	934
Available-for-sale securities, at fair value (Note 4)	154,799	113,346
Held-to-maturity securities, at amortized cost ,fair value	868	914
Corporate Bonds
Available-for-Sale Securities:
Available-for-Sale Securities After one year through five years, Amortized Cost	4,000	4,445
Available-for-Sale Securities After five years through ten years, Amortized Cost	21,849	16,798
Available-for-Sale Securities, Amortized Cost	25,849	21,243
Held-to-Maturity Securities:
Available-for-Sale Securities After one year through five years, Amortized Cost	3,801	4,381
Available-for-Sale Securities After five years through ten years, Amortized Cost	21,300	16,803
Available-for-sale securities, at fair value (Note 4)	25,101	21,184
U.S. Government Bonds
Available-for-Sale Securities:
Available-for-Sale Securities After one year through five years, Amortized Cost	2,982	2,981
Available-for-Sale Securities, Amortized Cost	2,982	2,981
Held-to-Maturity Securities:
Available-for-Sale Securities After one year through five years, Amortized Cost	2,833	2,934
Available-for-sale securities, at fair value (Note 4)	2,833	2,934
Mortgage-Backed Securities
Available-for-Sale Securities:
Available-for-Sale Securities, Amortized Cost	134,767	90,950
Held-to-Maturity Securities:
Available-for-sale securities, at fair value (Note 4)	126,865	89,228
FHLMC Certificates
Held-to-Maturity Securities:
Held-to-Maturity Securities, Amortized Cost	927	934
Held-to-maturity securities, at amortized cost ,fair value	$ 868	$ 914

Summary of Loans (Details)

Summary of Loans (Details) - USD ($) $ in Thousands		Mar. 31, 2022	Dec. 31, 2021
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans, gross		$ 1,315,735	$ 1,322,098
Net deferred loan origination costs		1,604	(668)
Allowance for loan losses		(16,893)	(16,352)
Loans receivable, net		1,300,446	1,305,078
Multifamily Residential
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans, gross		368,133	348,300
Nonresidential Properties
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans, gross		251,893	239,691
Construction and Land
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans, gross		144,881	134,651
Commercial Portfolio Segment
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans, gross		100,253	150,512
Consumer Loans
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans, gross		31,899	34,693
Mortgage Loans
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans, gross		1,183,583	1,136,893
Mortgage Loans | 1-4 Family Residential Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans, gross		323,442	317,304
Mortgage Loans | 1-4 Family Residential Owner-Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans, gross		95,234	96,947
Mortgage Loans | Multifamily Residential
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans, gross		368,133	348,300
Mortgage Loans | Nonresidential Properties
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans, gross		251,893	239,691
Mortgage Loans | Construction and Land
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans, gross		144,881	134,651
Nonmortgage Loans
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans, gross		132,152	185,205
Nonmortgage Loans | Commercial Portfolio Segment
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans, gross	[1]	100,253	150,512
Nonmortgage Loans | Consumer Loans
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans, gross	[2]	$ 31,899	$ 34,693
[1]	As of March 31, 2022 and December 31, 2021, business loans include $86.0 million and $136.8 million, respectively, of SBA Paycheck Protection
[2]	As of March 31, 2022 and December 31, 2021, consumer loans include $31.0 million and $33.9 million, respectively, of microloans originated by the Bank through a mobile application of Grain Technologies, LLC (“Grain”) that is geared to the underbanked and new generations entering the financial services market and uses non-traditional underwriting methodologies

Summary of Loans (Parenthetical

Summary of Loans (Parenthetical) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	$ 1,315,735	$ 1,322,098
Business
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	100,253	150,512
Business | PPP Loans
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	86,000	136,800
Consumer Loans
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	31,899	34,693
Consumer Loans | PPP Loans
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	$ 31,000	$ 33,900

Loans Receivable and Allowanc_3

Loans Receivable and Allowance for Loan Losses - Additional Information (Details)	3 Months Ended	12 Months Ended	21 Months Ended
	Mar. 31, 2022USD ($)Loan	Dec. 31, 2021USD ($)Loan	Mar. 31, 2022USD ($)Loan	Mar. 31, 2021USD ($)
Accounts Notes And Loans Receivable [Line Items]
Restructured loans | Loan	0	0
Number of troubled debt restructured loans | Loan	28	30	28
Troubled debt restructured loans	$ 7,800,000	$ 8,700,000	$ 7,800,000
Troubled debt restructured loan, accrual status	5,300,000	6,200,000	5,300,000
Impairment reserves	245,000	243,000	245,000	$ 284,000
Loans before net deferred loan origination cost and allowance for losses on loan	1,315,735,000	1,322,098,000	1,315,735,000
Loans receivable, allowance for loan losses	16,893,000	16,352,000	16,893,000
Loans receivable, net	$ 1,300,446,000	$ 1,305,078,000	1,300,446,000
Grain Technologies LLC
Accounts Notes And Loans Receivable [Line Items]
Number of micro loan outstanding | Loan	54,247	59,180
Number of micro loan aggregate value	$ 31,000,000	$ 33,900,000
Micro loan credit limit	1,000		$ 1,000
Fintech write-off and write-down	8,100,000
Grain Technologies LLC | Microloans
Accounts Notes And Loans Receivable [Line Items]
Number of loans deemed to be fraudulent | Loan			24,719
Loans deemed fraudulent written-off			$ 17,000,000
Loans before net deferred loan origination cost and allowance for losses on loan	11,800,000	8,500,000	11,800,000
Loans receivable, allowance for loan losses	1,700,000	1,800,000	1,700,000
Grant received		$ 1,800,000
Loans receivable written-off	6,300,000
Security deposit set-off	1,600,000
Loans receivable, net	$ 2,200,000		$ 2,200,000
Mortgage World Bankers Inc
Accounts Notes And Loans Receivable [Line Items]
Number of loan held for sale | Loan	14	27	14
Loans held for sale	$ 8,000,000	$ 15,500,000	$ 8,000,000
Troubled Debt Restructured Loans
Accounts Notes And Loans Receivable [Line Items]
Impairment reserves	$ 245,000	$ 243,000	$ 245,000
Minimum
Accounts Notes And Loans Receivable [Line Items]
Strong Pass Loans to new or existing borrowers collateralized percentage	90.00%		90.00%

Credit Risk Ratings by Loan Seg

Credit Risk Ratings by Loan Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	$ 1,315,735	$ 1,322,098
1-4 Family
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	418,676	414,251
Multifamily
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	368,133	348,300
Nonresidential
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	251,893	239,691
Construction and Land
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	144,881	134,651
Business
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	100,253	150,512
Consumer
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	31,899	34,693
Pass
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	1,287,159	1,290,983
Pass | 1-4 Family
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	407,132	402,276
Pass | Multifamily
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	361,069	339,047
Pass | Nonresidential
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	249,492	237,371
Pass | Construction and Land
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	137,314	127,084
Pass | Business
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	100,253	150,512
Pass | Consumer
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	31,899	34,693
Special Mention
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	6,803	13,798
Special Mention | 1-4 Family
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	1,502	1,820
Special Mention | Multifamily
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	5,301	5,328
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
Substandard
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	21,773	17,317
Substandard | 1-4 Family
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	10,042	10,155
Substandard | Multifamily
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	1,763	3,925
Substandard | Nonresidential
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	2,401	2,320
Substandard | Construction and Land
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	$ 7,567	$ 917

Aging Analysis of Loans (Detail

Aging Analysis of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	$ 1,315,735	$ 1,322,098
Nonaccrual Loans	15,811	11,442
1-4 Family Residential Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	323,442	317,304
Nonaccrual Loans	3,826	3,583
1-4 Family Owner-Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	95,234	96,947
Nonaccrual Loans	3,154	3,480
Multifamily Residential
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	368,133	348,300
Nonaccrual Loans		1,200
Nonresidential Properties
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	251,893	239,691
Nonaccrual Loans	1,264	2,262
Construction and Land
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	144,881	134,651
Nonaccrual Loans	7,567	917
Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	1,297,898	1,299,413
Current | 1-4 Family Residential Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	319,129	312,918
Current | 1-4 Family Owner-Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	92,760	91,568
Current | Multifamily Residential
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	368,133	346,409
Current | Nonresidential Properties
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	251,893	237,589
Current | Construction and Land
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	137,314	134,651
Financial Asset, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	6,136	12,526
Financial Asset, 30 to 59 Days Past Due | 1-4 Family Residential Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	3,645	321
Financial Asset, 30 to 59 Days Past Due | 1-4 Family Owner-Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	675	2,961
Financial Asset, 30 to 59 Days Past Due | Multifamily Residential
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		1,704
Financial Asset, 30 to 59 Days Past Due | Nonresidential Properties
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		934
Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	9,010	7,098
Financing Receivables, 60 to 89 Days Past Due | 1-4 Family Residential Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		2,969
Financing Receivables, 60 to 89 Days Past Due | 1-4 Family Owner-Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		471
Financing Receivables, 60 to 89 Days Past Due | Multifamily Residential
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		187
Financing Receivables, 60 to 89 Days Past Due | Nonresidential Properties
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		1,168
Financing Receivables, 60 to 89 Days Past Due | Construction and Land
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	7,567
Financing Receivables, 90 Days or More Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	2,691	3,061
Financing Receivables, 90 Days or More Past Due | 1-4 Family Residential Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	668	1,096
Financing Receivables, 90 Days or More Past Due | 1-4 Family Owner-Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	1,799	1,947
Business
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	100,253	150,512
Business | Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	100,188	145,919
Business | Financial Asset, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	65	4,036
Business | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		544
Business | Financing Receivables, 90 Days or More Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		13
Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	31,899	34,693
Consumer | Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	28,481	30,359
Consumer | Financial Asset, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	1,751	2,570
Consumer | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	1,443	1,759
Consumer | Financing Receivables, 90 Days or More Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	$ 224	$ 5

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, 2022	Mar. 31, 2021	Dec. 31, 2021
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	$ 16,352	$ 14,870	$ 14,870
Provision charged to expense	1,258	686	2,717
Losses charged-off	(751)	(50)	(1,380)
Recoveries	34	2	145
Balance, end of period	16,893	15,508	16,352
Ending balance: individually evaluated for impairment	245	284	243
Ending balance: collectively evaluated for impairment	16,648	15,224	16,109
Ending balance: individually evaluated for impairment	20,356	18,879	17,651
Ending balance: collectively evaluated for impairment	1,295,379	1,227,599	1,304,447
Total	1,315,735	1,246,478	1,322,098
1-4 Family Owner-Occupied
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	1,178	1,260	1,260
Provision charged to expense	(6)	14	(127)
Recoveries			45
Balance, end of period	1,172	1,274	1,178
Ending balance: individually evaluated for impairment	114	127	114
Ending balance: collectively evaluated for impairment	1,058	1,147	1,064
Ending balance: individually evaluated for impairment	4,828	6,247	5,854
Ending balance: collectively evaluated for impairment	90,406	93,738	91,093
Total	95,234	99,985	96,947
Multifamily
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	5,684	5,214	5,214
Provision charged to expense	304	226	508
Losses charged-off			(38)
Balance, end of period	5,988	5,440	5,684
Ending balance: collectively evaluated for impairment	5,988	5,440	5,684
Ending balance: individually evaluated for impairment		946	1,200
Ending balance: collectively evaluated for impairment	368,133	314,132	347,100
Total	368,133	315,078	348,300
Nonresidential
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	2,165	2,194	2,194
Provision charged to expense	104	(10)	(29)
Balance, end of period	2,269	2,184	2,165
Ending balance: individually evaluated for impairment	38	41	38
Ending balance: collectively evaluated for impairment	2,231	2,143	2,127
Ending balance: individually evaluated for impairment	1,991	5,171	2,995
Ending balance: collectively evaluated for impairment	249,902	210,169	236,696
Total	251,893	215,340	239,691
1-4 Family Residential Investor Owned
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	3,540	3,850	3,850
Provision charged to expense	41	(6)	(318)
Recoveries			8
Balance, end of period	3,581	3,844	3,540
Ending balance: individually evaluated for impairment	93	116	91
Ending balance: collectively evaluated for impairment	3,488	3,728	3,449
Ending balance: individually evaluated for impairment	5,970	6,515	6,672
Ending balance: collectively evaluated for impairment	317,472	311,380	310,632
Total	323,442	317,895	317,304
Construction and Land
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	2,024	1,820	1,820
Provision charged to expense	(7)	107	204
Balance, end of period	2,017	1,927	2,024
Ending balance: collectively evaluated for impairment	2,017	1,927	2,024
Ending balance: individually evaluated for impairment	7,567		917
Ending balance: collectively evaluated for impairment	137,314	119,339	133,734
Total	144,881	119,339	134,651
Business
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	306	254	254
Provision charged to expense	55	(10)	(32)
Recoveries	2	2	84
Balance, end of period	363	246	306
Ending balance: collectively evaluated for impairment	363	246	306
Ending balance: individually evaluated for impairment			13
Ending balance: collectively evaluated for impairment	100,253	142,135	150,499
Total	100,253	142,135	150,512
Consumer
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	1,455	278	278
Provision charged to expense	767	365	2,511
Losses charged-off	(751)	(50)	(1,342)
Recoveries	32		8
Balance, end of period	1,503	593	1,455
Ending balance: collectively evaluated for impairment	1,503	593	1,455
Ending balance: collectively evaluated for impairment	31,899	36,706	34,693
Total	$ 31,899	$ 36,706	$ 34,693

Information Relates to Impaired

Information Relates to Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	$ 20,721	$ 20,209	$ 18,957
Recorded Investment With No Allowance	17,589	16,051	15,302
Recorded Investment With Allowance	2,767	2,828	2,349
Total Recorded Investment	20,356	18,879	17,651
Related Allowance	245	284	243
Average Recorded Investment	18,077	18,286	17,569
Interest Income Recognized on Cash Basis	113	72	307
1-4 Family
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	11,131	13,636	13,333
Recorded Investment With No Allowance	8,386	10,302	10,535
Recorded Investment With Allowance	2,412	2,460	1,991
Total Recorded Investment	10,798	12,762	12,526
Related Allowance	207	243	205
Average Recorded Investment	11,970	12,325	12,145
Interest Income Recognized on Cash Basis	76	64	189
Multifamily Residential
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance		946	1,200
Recorded Investment With No Allowance		946	1,200
Total Recorded Investment		946	1,200
Average Recorded Investment	1,104	420	1,139
Interest Income Recognized on Cash Basis			63
Nonresidential Properties
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	2,023	5,627	3,494
Recorded Investment With No Allowance	1,636	4,803	2,637
Recorded Investment With Allowance	355	368	358
Total Recorded Investment	1,991	5,171	2,995
Related Allowance	38	41	38
Average Recorded Investment	3,399	5,351	3,941
Interest Income Recognized on Cash Basis	20	8	38
Construction and Land
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	7,567		917
Recorded Investment With No Allowance	7,567		917
Total Recorded Investment	7,567		917
Average Recorded Investment	1,568	188	307
Interest Income Recognized on Cash Basis	17		17
Business
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance			13
Recorded Investment With No Allowance			13
Total Recorded Investment			13
Average Recorded Investment	12	$ 2	13
Consumer
Financing Receivable Impaired [Line Items]
Average Recorded Investment	$ 24		$ 24

Summary of Premises and Equipme

Summary of Premises and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 30,825	$ 31,382
Less: accumulated depreciation and amortization	(11,546)	(11,765)
Total premises and equipment	19,279	19,617
Land
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	932	932
Building Improvements
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	4,327	4,327
Leasehold Improvements
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	15,980	16,462
Furniture, Fixtures and Equipment
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 9,586	$ 9,661

Premises and Equipment - Additi

Premises and Equipment - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Property Plant And Equipment [Line Items]
Depreciation and amortization	$ 467,000	$ 603,000
Property, plant and equipment, gross	30,825,000		$ 31,382,000
Leasehold Improvements
Property Plant And Equipment [Line Items]
Increase (decrease) in property, plant and equipment	482,000
Property, plant and equipment, gross	15,980,000		16,462,000
Furniture, Fixtures and Equipment
Property Plant And Equipment [Line Items]
Increase (decrease) in property, plant and equipment	75,000
Property, plant and equipment, gross	9,586,000		$ 9,661,000
Property, plant and equipment, additions	115,000
Offset Improvement
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 190,000

Deposits - Summarized Deposits

Deposits - Summarized Deposits (Details) - USD ($) $ in Thousands		Mar. 31, 2022	Dec. 31, 2021
Banking And Thrifts [Abstract]
Demand	[1]	$ 281,132	$ 274,956
NOW/IOLA accounts		33,010	35,280
Money market accounts		169,847	186,893
Reciprocal deposits		160,510	143,221
Savings accounts		133,966	134,887
Total NOW, money market, reciprocal and savings		497,333	500,281
Certificates of deposit of $250K or more		75,130	78,454
Brokered certificates of deposits	[2]	79,282	79,320
Listing service deposits	[2]	53,876	66,411
Certificates of deposit less than $250K		194,412	205,294
Total certificates of deposit		402,700	429,479
Total interest-bearing deposits		900,033	929,760
Total deposits		$ 1,181,165	$ 1,204,716
[1]	As of March 31, 2022 and December 31, 2021, included in demand deposits are deposits related to net PPP funding.
[2]	A s of March 31, 2022 and December 31, 2021, there were $19.0 million and $29.0 million, respectively, in individual listing service deposits amounting to $250,000 or more. All brokered certificates of deposit individually amounted to less than $250,000.

Deposits - Summarized Deposit_2

Deposits - Summarized Deposits (Parenthetical) (Details) - USD ($)		Mar. 31, 2022	Dec. 31, 2021
Time Deposits [Line Items]
Individual brokered certification of deposit		$ 19,000,000	$ 29,000,000
Listing service deposits	[1]	53,876,000	66,411,000
Brokered certificates of deposits	[1]	79,282,000	$ 79,320,000
Minimum
Time Deposits [Line Items]
Listing service deposits		250,000
Maximum
Time Deposits [Line Items]
Brokered certificates of deposits		$ 250,000
[1]	A s of March 31, 2022 and December 31, 2021, there were $19.0 million and $29.0 million, respectively, in individual listing service deposits amounting to $250,000 or more. All brokered certificates of deposit individually amounted to less than $250,000.

Deposits - Scheduled Maturities

Deposits - Scheduled Maturities of Certificates of Deposit (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Banking And Thrifts [Abstract]
2023	$ 242,101
2024	45,660
2025	35,866
2026	64,357
2027	10,754
Thereafter	3,962
Total certificates of deposit	$ 402,700	$ 429,479

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Banking And Thrifts [Abstract]
Overdrawn deposit reclassified to loans amounted	$ 130,000	$ 179,000

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Line Of Credit Facility [Line Items]
Advance from the Federal Home Loan Bank	$ 93,400,000		$ 106,300,000
Guarantee from the FHLBNY through a standby letter of credit	21,500,000		21,500,000
Unsecured fed fund line amount outstanding	25,000,000		25,000,000
Unsecured fed fund line amount outstanding	9,247,000		14,910,000
Repayments of advances from FHLBNY	12,880,000	$ 8,500,000
Interest expense on FHLBNY advances	524,000	544,000
Interest Expense on overnight advances	0	0
Collateral in residential 1-4 and multifamily mortgage loans available to secure advances from the FHLBNY	$ 377,200,000		$ 362,300,000
Line of credit facility, effective interest rate	3.70%		3.35%
Warehouse line of credit termination date	Mar. 31, 2022
Interest expense	$ 1,680,000	2,285,000
Mortgage loans funding payable	0		$ 0
Warehouse Line of Credit #1
Line Of Credit Facility [Line Items]
Unsecured fed fund line amount outstanding	$ 9,247,000		8,636,000
Debt Instrument, Interest Rate, Basis for Effective Rate	The interest rate is based on the 30-day LIBOR rate plus 3.25%.
Warehouse Line of Credit #2
Line Of Credit Facility [Line Items]
Unsecured fed fund line amount outstanding			6,274,000
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				3.10%
Interest expense	$ 68,000	$ 140,000
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	$ 12,900,000

Borrowings - Schedule of Borrow

Borrowings - Schedule of Borrowed Funds FHLBNY and Correspondent Bank Advances Maturity and Call Date (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
2022	$ 65,000	$ 77,880
2023	28,375	28,375
Total	93,375	106,255
2022	65,000	77,880
2023	28,375	28,375
Total	$ 93,375	$ 106,255
2022	1.89%	1.73%
2023	2.82%	2.82%
Total	2.17%	2.02%

Borrowings - Schedule of Wareho

Borrowings - Schedule of Warehouse Lines of Credit (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Credit Line Maximum	$ 10,000	$ 30,000
Unused Line of Credit	9,247	14,910
Balance	753	15,090
Warehouse Line of Credit #1
Debt Instrument [Line Items]
Credit Line Maximum	10,000	15,000
Unused Line of Credit	9,247	8,636
Balance	$ 753	6,364
Warehouse Line of Credit #2
Debt Instrument [Line Items]
Credit Line Maximum		15,000
Unused Line of Credit		6,274
Balance		$ 8,726

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Federal:
Current	$ (1,053)	$ 560
Deferred	(1,715)	36
Federal income tax provision (benefit)	(2,768)	596
State and local:
Current	195	68
Deferred	(543)	310
State and local income tax provision (benefit)	(348)	378
Valuation allowance	168	(242)
(Benefit) provision for income taxes	$ (2,948)	$ 732

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2021
Income Taxes [Line Items]
Federal income tax rate	21.00%	21.00%
Decreased and increased in valuation allowance	$ (168,000)	$ 242,000
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
Income Taxes [Line Items]
Net operating loss carryforwards	572,000
pre-2015 carryforwards [Member] | New York City
Income Taxes [Line Items]
Net operating loss carryforwards	528,000
post-2015 carryforwards [Member] | New York State
Income Taxes [Line Items]
Net operating loss carryforwards	34,900,000
post-2015 carryforwards [Member] | New York City
Income Taxes [Line Items]
Net operating loss carryforwards	15,000,000
CARES ACT [Member]
Income Taxes [Line Items]
Net operating loss carryforwards	0
NEW YORK
Income Taxes [Line Items]
Decreased and increased in valuation allowance	168,000	$ (242,000)
Unrecognized tax benefits	0					$ 0
Federal
Income Taxes [Line Items]
Net operating loss carryforwards	$ 5,700,000

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, 2022	Mar. 31, 2021
Income Tax Expense Benefit Continuing Operations Income Tax Reconciliation [Abstract]
Income tax, at federal rate	$ (2,051)	$ 669
State and local tax, net of federal taxes	(275)	299
Valuation allowance, net of the federal benefit	168	(242)
Other	(790)	6
(Benefit) provision for income taxes	$ (2,948)	$ 732

Income Taxes - Significant Defe

Income Taxes - Significant Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Allowance for loan losses	$ 5,428	$ 5,254
Deferred loan fees		214
Interest on nonaccrual loans	154	102
Unrealized loss on available-for-sale securities	1,929	399
Amortization of intangible assets	45	50
Deferred rent payable	181	152
Net operating losses	4,557	3,280
Charitable contribution carryforward	1,621	366
Compensation and benefits	666	456
Other	259	264
Total gross deferred tax assets	14,840	10,537
Deferred tax liabilities:
Depreciation of premises and equipment	1,301	1,301
Deferred loan fees	515
Other	63	63
Total gross deferred tax liabilities	1,879	1,364
Valuation allowance	5,521	5,353
Net deferred tax assets	$ 7,440	$ 3,820

Compensation and Benefit Plan_2

Compensation and Benefit Plans - Additional Information (Details)	Jan. 28, 2022shares	Jan. 27, 2022USD ($)shares	Jan. 01, 2021USD ($)	Sep. 29, 2017USD ($)shares	Mar. 31, 2022USD ($)Executive$ / sharesshares	Mar. 31, 2021USD ($)	Dec. 31, 2021$ / sharesshares	Dec. 31, 2020$ / sharesshares
Compensation And Benefit Plans Disclosure [Line Items]
Additional number of shares					2,073,218		700,896
ESOP related compensation expense including equalization expense | $					$ 373,000	$ 157,000
Number of option grants					0		0
Total remaining unrecognized compensation cost | $					$ 2,500,000
Weighted average period expected to be recognized					69 months
Weighted-average exercise price for options | $ / shares					$ 8.62		$ 12.02	$ 12.02
Weighted average remaining contractual life					6 years 7 months 6 days
Weighted average period expected to be recognized					3 years 6 months
Number of shares exercisable					136,141		94,904
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
Compensation expense | $					$ 318,000	318,000
Total remaining unrecognized compensation cost | $					$ 320,000
Weighted average period expected to be recognized					69 months
Stock Options
Compensation And Benefit Plans Disclosure [Line Items]
Compensation expense | $					$ 33,000	$ 33,000
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					88,119		63,159
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					264,357		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 | 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 | $					$ 15,000	$ 15,000
Number of key executive under retirement plan | Executive					2
Common Stock
Compensation And Benefit Plans Disclosure [Line Items]
Total issued shares	24,711,834
PDL Community Bancorp | Common Stock
Compensation And Benefit Plans Disclosure [Line Items]
Conversion of stock	1.3952	977,880
KSOP
Compensation And Benefit Plans Disclosure [Line Items]
Defined contribution plan, maximum annual contributions per employee, amount | $			$ 20,500
Defined contribution plan additional cost | $			$ 6,500
Employer matching contribution percentage			3.00%
Expense recognized | $			$ 27,000
Expenses recognized | $					$ 96,000	$ 87,000
Defined contribution plan, employers matching contribution, annual vesting percentage			100.00%
Defined contribution plan, employer matching contribution, percent of employees' gross pay			20.00%
Defined contribution plan additional cost percentage			20
Number of years discretionary matching and profit sharing contributions			2 years
Number of additional year of service cost			6 years
KSOP | PDL Community Bancorp | Common Stock
Compensation And Benefit Plans Disclosure [Line Items]
Additional number of shares		1,097,353
Percentage of Shares Outstanding		4.44
ESOP
Compensation And Benefit Plans Disclosure [Line Items]
Defined contribution plan, employers matching contribution, annual vesting percentage		100.00%
Number of years discretionary matching and profit sharing contributions		3 years
ESOP | PDL Community Bancorp | Common Stock
Compensation And Benefit Plans Disclosure [Line Items]
Additional number of shares				723,751
First ESOP Loan
Compensation And Benefit Plans Disclosure [Line Items]
Total issued shares					15,000,000
First ESOP Loan | PDL Community Bancorp
Compensation And Benefit Plans Disclosure [Line Items]
Employee stock ownership plan ESOP loan term				15 years
Employee stock ownership plan ESOP interest percentage				2.60
First ESOP Loan | PDL Community Bancorp | Common Stock
Compensation And Benefit Plans Disclosure [Line Items]
Aggregate purchase price of common | $				$ 7,200,000
Second ESOP Loan
Compensation And Benefit Plans Disclosure [Line Items]
Total issued shares					15,000,000
Second ESOP Loan | PDL Community Bancorp
Compensation And Benefit Plans Disclosure [Line Items]
Employee stock ownership plan ESOP loan term		15 years
Employee stock ownership plan ESOP interest percentage		1.822
Second ESOP Loan | PDL Community Bancorp | Common Stock
Compensation And Benefit Plans Disclosure [Line Items]
Aggregate purchase price of common | $		$ 11,000,000

Compensation and Benefit Plan_3

Compensation and Benefit Plans - Summary of ESOP Shares (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Shares committed-to-be released	169,756	96,500
Shares allocated to participants	235,361	170,145
Unallocated shares	1,668,101	434,251
Total	2,073,218	700,896
Fair value of unallocated shares	$ 17,315	$ 6,297

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, 2022	Dec. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Non-vested, beginning of year	237,687	335,919
Number of Shares, Conversion and reorganization	93,933
Number of Shares, Granted	0
Number of Shares, Vested	(12,440)	(98,232)
Number of Shares, Forfeited	0
Number of Shares, Non-vested, ending of year	319,180	237,687
Weighted-Average Grant Date Fair Value Per Share, Non-vested, beginning of year	$ 12.65	$ 12.66
Weighted-Average Grant Date Fair Value Per Share, Granted	0
Weighted-Average Grant Date Fair Value Per Share, Vested	9.27	12.69
Weighted-Average Grant Date Fair Value Per Share, Forfeited	0
Weighted-Average Grant Date Fair Value Per Share, Non-vested, ending of year	$ 9.06	$ 12.65

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, 2022	Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Options, Outstanding, beginning of year	203,766	203,766
Options, Conversion and reorganization	80,526
Options, Granted	0	0
Options, Exercised	0	0
Options, Forfeited	0	0
Options, Outstanding, end of year	284,292	203,766
Options, Exercisable, end of year	136,141	94,904
Weighted-Average Exercise Price Per Share, Outstanding, beginning of year	$ 12.02	$ 12.02
Weighted-Average Exercise Price Per Share, Granted	0	0
Weighted-Average Exercise Price Per Share, Exercised	0	0
Weighted-Average Exercise Price Per Share, Forfeited	0	0
Weighted-Average Exercise Price Per Share, Outstanding, end of year	8.62	12.02
Weighted-Average Exercise Price Per Share, Exercisable, end of year	$ 8.93	$ 12.45

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, 2022	Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Average Intrinsic Value, Outstanding, end of year	$ 502,000	$ 505,000
Average Intrinsic Value, Exercisable, end of year	$ 198,000	$ 195,000

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, 2022	Mar. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected life	3 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%	38.51%
Risk-free interest rate	0.48%	0.48%
Weighted average grant date fair value	$ 2.70	$ 3.77

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, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Net (loss) income	$ (6,820)	$ 2,452
Common shares outstanding for basic EPS:
Weighted average common shares outstanding	22,744,101	17,078,813
Less: Weighted average unallocated Employee Stock Ownership Plan (ESOP) shares	1,022,988	530,617
Basic weighted average common shares outstanding	21,721,113	16,548,196
Basic earnings per common share	$ (0.31)	$ 0.15
Potential dilutive common shares:
Diluted weighted average common shares outstanding	21,721,113	16,548,196
Diluted earnings per common share	$ (0.31)	$ 0.15

Commitments, Contingencies an_3

Commitments, Contingencies and Credit Risk - Financial Instruments Whose Contractual Amounts Represent Credit Risk (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Contractual amounts represent credit risk	$ 234,285	$ 220,513
Commitments to Grant Mortgage Loans
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Contractual amounts represent credit risk	146,684	127,159
Commitments to Sell Loans at Lock-In Rates
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Contractual amounts represent credit risk	7,123	13,321
Unfunded Commitments Under Lines of Credit
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Contractual amounts represent credit risk	$ 80,478	$ 80,033

Commitments, Contingencies an_4

Commitments, Contingencies and Credit Risk - Additional Information (Details)	Feb. 11, 2021USD ($)	Mar. 31, 2022USD ($)InvestorState	Mar. 31, 2021USD ($)
Loss Contingencies [Line Items]
Repurchase or indemnification requests for loans sold		$ 0
Lease expiration year		2038
Rental expenses under operating leases		$ 1,100,000	$ 503,000
Ponce Bank Mutual Holding Company
Loss Contingencies [Line Items]
Sale price for real property	$ 2,400,000
Lease agreement term	15 years
Lease base annual rent	$ 145,000
Lease base rent annually increasing rate	1.50%
Gain on sale and leaseback transaction	$ 623,000
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		46.00%
Total loan volume sold		59.70%
Number of investors loan volume sold | Investor		3
Total closed loan volume		97.90%
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, 2022USD ($)
Operating Leases Future Minimum Payments Due [Abstract]
Remainder of 2022	$ 2,662
2023	3,600
2024	3,643
2025	3,600
2026	3,422
2027	3,285
Thereafter	28,827
Projected minimum rental payments	$ 49,039

Fair Value - Additional Informa

Fair Value - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Aggregate unpaid principal balance	$ 7,800,000
Mortgage loans held for sale, at fair value	$ 8,000,000
Significant purchase commitment description	The Bank, through its Mortgage World division, 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 the Bank’s Mortgage World division to variability in its fair value due to changes in interest rates.
Derivative, notional amount	$ 7,100,000	$ 13,300,000
Derivatives from interest rate lock commitments	$ 152,000	$ 172,000

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, 2022USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Beginning Balance	$ 172
Change in fair value of derivative instrument reported in earnings	(20)
Ending Balance	$ 152

Fair Value - Assets Measured at

Fair Value - Assets Measured at Fair Value on Recurring Basis (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	$ 8,000,000
Available-for-sale securities measure at fair value on recurring basis	152,000	$ 172,000
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	162,923,000	129,354,000
Available-for-sale securities measure at fair value on recurring basis	7,972,000	15,836,000
Available-for-sale securities measure at fair value on recurring basis	152,000	172,000
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	162,771,000	129,182,000
Available-for-sale securities measure at fair value on recurring basis	7,972,000	15,836,000
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	152,000	172,000
Available-for-sale securities measure at fair value on recurring basis	152,000	172,000
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	2,833,000	2,934,000
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	2,833,000	2,934,000
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	25,101,000	21,184,000
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	25,101,000	21,184,000
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	79,967,000	70,699,000
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	79,967,000	70,699,000
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	167,000	181,000
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	167,000	181,000
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	46,731,000	18,348,000
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	$ 46,731,000	$ 18,348,000

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, 2022	Dec. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on nonrecurring basis	$ 20,356	$ 17,651
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on nonrecurring basis	$ 20,356	$ 17,651

Fair Value - Estimated Fair Val

Fair Value - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Available-for-sale securities, at fair value (Note 4)	$ 154,799	$ 113,346
Held-to-maturity securities, at amortized cost	927	934
Mortgage loans held for sale, at fair value	8,000
Warehouse lines of credit (Note 8)	753	15,090
Carrying Amount
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	69,295	153,894
Available-for-sale securities, at fair value (Note 4)	154,799	113,346
Held-to-maturity securities, at amortized cost	927	934
Placements with banks	2,490	2,490
Mortgage loans held for sale, at fair value	7,972	15,836
Loans receivable, net	1,300,446	1,305,078
Accrued interest receivable	12,799	12,362
FHLBNY stock	5,420	6,001
Demand deposits	281,132	274,956
Interest-bearing deposits	497,333	500,281
Certificates of deposit	402,700	429,479
Advance payments by borrowers for taxes and insurance	10,161	7,657
Advances from FHLBNY	93,375	106,255
Warehouse lines of credit (Note 8)	753	15,090
Accrued interest payable	223	228
Fair Value Measurements
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	69,295	153,894
Available-for-sale securities, at fair value (Note 4)	154,799	113,346
Held-to-maturity securities, at amortized cost	868	914
Placements with banks	2,490	2,490
Mortgage loans held for sale, at fair value	7,972	15,836
Loans receivable, net	1,286,531	1,306,253
Accrued interest receivable	12,799	12,362
FHLBNY stock	5,420	6,001
Demand deposits	281,132	274,956
Interest-bearing deposits	497,333	500,281
Certificates of deposit	398,967	431,339
Advance payments by borrowers for taxes and insurance	10,161	7,657
Advances from FHLBNY	91,134	106,680
Warehouse lines of credit (Note 8)	753	15,090
Accrued interest payable	223	228
Fair Value Measurements | Level 1
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	69,295	153,894
FHLBNY stock	5,420	6,001
Demand deposits	281,132	274,956
Interest-bearing deposits	497,333	500,281
Fair Value Measurements | Level 2
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Available-for-sale securities, at fair value (Note 4)	154,799	108,417
Held-to-maturity securities, at amortized cost	868	914
Placements with banks	2,490	2,490
Mortgage loans held for sale, at fair value	7,972	15,836
Accrued interest receivable	12,799	12,362
Certificates of deposit	398,967	431,339
Advance payments by borrowers for taxes and insurance	10,161	7,657
Advances from FHLBNY	91,134	106,680
Warehouse lines of credit (Note 8)	753	15,090
Accrued interest payable	223	228
Fair Value Measurements | Level 3
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Available-for-sale securities, at fair value (Note 4)		4,929
Loans receivable, net	$ 1,286,531	$ 1,306,253

Regulatory Capital Requiremen_3

Regulatory Capital Requirements - Additional Information (Details)	Mar. 31, 2022	Dec. 31, 2021
Disclosure Of Regulatory Capital Requirements [Abstract]
Percentage of capital buffer	15.27%	9.23%

Regulatory Capital Requiremen_4

Regulatory Capital Requirements - Summary of Actual Capital Amounts and Ratios As Compared to Regulatory Requirements (Details)	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Ponce Financial Group, Inc.
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Capital to Risk-Weighted Assets, Actual Amount	$ 320,821
Tier 1 Capital to Risk-Weighted Assets, Actual Amount	306,310
Common Equity Tier 1 Capital Ratio, Actual Amount	306,310
Tier 1 Capital to Total Assets, Actual Amount	$ 306,310
Total Capital to Risk-Weighted Assets, Actual Ratio	0.2829
Tier 1 Capital to Risk-Weighted Assets, Actual Ratio	0.2701
Common Equity Tier 1 Capital Ratio, Actual Ratio	0.2701
Tier 1 Capital to Total Assets, Actual Ratio	0.1774
Total Capital to Risk-Weighted Assets, For Capital Adequacy Amount	$ 90,715
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Amount	68,036
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Amount	51,027
Tier 1 Capital to Total Assets, For Capital Adequacy Amount	$ 69,072
Total Capital to Risk-Weighted Assets, For Capital Adequacy Ratio	0.0800
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio	0.0600
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio	0.0450
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio	0.0400
Total Capital to Risk-Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 113,394
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	90,715
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	73,706
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 86,339
Total Capital to Risk-Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	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
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.0650
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.0500
Ponce Bank
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Capital to Risk-Weighted Assets, Actual Amount	$ 262,826	$ 184,689
Tier 1 Capital to Risk-Weighted Assets, Actual Amount	248,671	171,253
Common Equity Tier 1 Capital Ratio, Actual Amount	248,671	171,253
Tier 1 Capital to Total Assets, Actual Amount	$ 248,671	$ 171,253
Total Capital to Risk-Weighted Assets, Actual Ratio	0.2327	0.1723
Tier 1 Capital to Risk-Weighted Assets, Actual Ratio	0.2202	0.1598
Common Equity Tier 1 Capital Ratio, Actual Ratio	0.2202	0.1598
Tier 1 Capital to Total Assets, Actual Ratio	0.1488	0.1091
Total Capital to Risk-Weighted Assets, For Capital Adequacy Amount	$ 90,356	$ 85,735
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Amount	67,767	64,301
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Amount	50,825	48,226
Tier 1 Capital to Total Assets, For Capital Adequacy Amount	$ 66,840	$ 62,784
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	$ 112,945	$ 107,168
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	90,356	85,735
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	73,414	69,659
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 83,551	$ 78,481
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
PDL Community Bancorp
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Capital to Risk-Weighted Assets, Actual Amount		$ 204,216
Tier 1 Capital to Risk-Weighted Assets, Actual Amount		190,714
Common Equity Tier 1 Capital Ratio, Actual Amount		190,714
Tier 1 Capital to Total Assets, Actual Amount		$ 190,714
Total Capital to Risk-Weighted Assets, Actual Ratio		0.1896
Tier 1 Capital to Risk-Weighted Assets, Actual Ratio		0.1771
Common Equity Tier 1 Capital Ratio, Actual Ratio		0.1771
Tier 1 Capital to Total Assets, Actual Ratio		0.1258
Total Capital to Risk-Weighted Assets, For Capital Adequacy Amount		$ 86,169
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Amount		64,627
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Amount		48,470
Tier 1 Capital to Total Assets, For Capital Adequacy Amount		$ 60,629
Total Capital to Risk-Weighted Assets, For Capital Adequacy Ratio		0.0800
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio		0.0600
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio		0.0450
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio		0.0400
Total Capital to Risk-Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount		$ 107,711
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount		86,169
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount		70,012
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount		$ 75,786
Total Capital to Risk-Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio		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
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio		0.0650
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio		0.0500

Regulatory Capital Requiremen_5

Regulatory Capital Requirements - Summary of Minimum Capital Requirements (Details) - Mortgage World Bankers Inc $ in Thousands	Dec. 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 (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive income (loss), net of tax	$ (5,579)	$ (1,591)
Unrealized gains (losses) on available-for-sale securities, net
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive income (loss) beginning balance	(1,456)	135
Other comprehensive income (loss), net of tax	(5,579)	(1,591)
Accumulated other comprehensive income (loss) ending balance	(7,035)	(1,456)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive income (loss) beginning balance	(1,456)	135
Accumulated other comprehensive income (loss) ending balance	$ (7,035)	$ (1,456)

Aggregate Loan Transactions wit

Aggregate Loan Transactions with Related Parties (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Receivables [Abstract]
Beginning balance	$ 5,631	$ 424
Originations	4,048	10
Payments	(1,475)	(10)
Ending balance	$ 8,204	$ 424

Transactions with Related Par_3

Transactions with Related Parties - Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Related Party Transactions [Abstract]
Deposits from directors, executive officers and non-executive officers	$ 6.6	$ 6.2

Segment Reporting - Schedule of

Segment Reporting - Schedule of Operations and Total Assets of Operating Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Interest and dividend income	$ 19,018	$ 15,177
Interest expense	1,680	2,285
Net interest income	17,338	12,892
Provision for loan losses	1,258	686
Net interest income after provision for loan losses	16,080	12,206
Non-interest income	2,226	3,893
Non-interest expense	28,074	12,915
(Loss) income before income taxes	(9,768)	3,184
Provision (benefit) for income taxes	(2,948)	732
Net income (loss)	(6,820)	2,452
Total assets	1,594,597		$ 1,653,510
Ponce Bank
Segment Reporting Information [Line Items]
Interest and dividend income	18,888	15,027
Interest expense	1,696	2,186
Net interest income	17,192	12,841
Provision for loan losses	1,258	686
Net interest income after provision for loan losses	15,934	12,155
Non-interest income	1,055	1,804
Non-interest expense	20,118	10,000
(Loss) income before income taxes	(3,129)	3,959
Provision (benefit) for income taxes	406	1,105
Net income (loss)	(3,535)	2,854
Total assets	1,574,228		1,630,031
Mortgage World
Segment Reporting Information [Line Items]
Interest and dividend income	130	150
Interest expense	68	140
Net interest income	62	10
Net interest income after provision for loan losses	62	10
Non-interest income	1,297	2,358
Non-interest expense	2,223	2,291
(Loss) income before income taxes	(864)	77
Provision (benefit) for income taxes		40
Net income (loss)	(864)	37
Total assets	15,938		20,096
Ponce Financial Group, Inc.
Segment Reporting Information [Line Items]
Interest and dividend income	84	41
Net interest income	84	41
Net interest income after provision for loan losses	84	41
Non-interest expense	5,859	893
(Loss) income before income taxes	(5,775)	(852)
Provision (benefit) for income taxes	(3,354)	(413)
Equity in undistributed earnings of Ponce Bank	(4,399)	2,891
Net income (loss)	(6,820)	2,452
Total assets	298,418		312,137
Eliminations
Segment Reporting Information [Line Items]
Interest and dividend income	(84)	(41)
Interest expense	(84)	(41)
Non-interest income	(126)	(269)
Non-interest expense	(126)	(269)
Equity in undistributed earnings of Ponce Bank	4,399	(2,891)
Net income (loss)	4,399	$ (2,891)
Total assets	$ (293,987)		$ (308,754)