v3.25.1
BUSINESS COMBINATIONS (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of business acquisitions The following table summarizes the allocation of consideration paid for the fair value of assets acquired and liabilities assumed from NBNYC:
Purchase price consideration$21,281 
Fair value of assets acquired:
Cash and due from banks29,138
Interest-bearing deposits in banks3,284
Total cash and cash equivalents32,422
Available-for-sale securities (at fair value)5,004
Other investments1,226
Loans receivable159,155
Federal Reserve Bank stock, at cost54
Federal Home Loan Bank stock, at cost1,470
Accrued interest receivable353
Deferred income taxes495
Goodwill271
Core deposit intangible1,040
Other assets399
Total assets
$201,889 
Fair value of liabilities assumed:
Deposits:
Demand$21,878 
Savings and NOW and Money Market
10,975
Certificates of deposit104,162
Total deposits137,015
Advances from the Federal Home Loan Bank27,817
Accrued expenses and other liabilities15,776
Total liabilities$180,608 
The following table provides a summary of loans and leases purchased as part of the NBNYC Acquisition with credit deterioration and associated credit loss reserve at acquisition:
Par value (unpaid principal balance)$42,443 
ACL at acquisition(870)
Non-credit (discount)(1,559)
Fair Value$40,014