Balance Sheet, Liquidity and Capital Strength
The safety and soundness of our balance sheet remain foundational to our strategy and long-term value creation. We operate with a conservative risk profile, strong core funding base, and capital levels that provide meaningful flexibility to support growth across economic cycles.
At December 31, 2025, total assets were $7.5 billion, supported by $6.6 billion in deposits and $658 million in shareholders' equity. Our funding base is granular and relationship-driven, with approximately 71% of total deposits insured and diversified across many industries, reflecting the stability of our core client base. We successfully grew noninterest-bearing deposits by 28% in 2025, now representing 22% of total deposits. Our loan portfolio reflects disciplined underwriting standards and a diversified mix across commercial, consumer, and specialty lending verticals.
Liquidity management remains a key priority. We maintain diversified funding sources and substantial contingent liquidity capacity through established borrowing lines and unencumbered securities. Our balance sheet structure, combined with disciplined asset-liability management, positions us to navigate changes in interest rates and market conditions while continuing to serve our clients and communities. We continue to regularly evaluate our capital and liquidity under stressed scenarios to ensure resilience across economic cycles.
Our capital levels significantly exceed regulatory "well-capitalized" standards. At year-end 2025, our Bank-level leverage ratio was 9.9%, compared to the 5.0% well-capitalized threshold, representing approximately $364 million in excess capital. Total capital to risk-weighted assets was 11.5%, exceeding the 10.0% well-capitalized standard by approximately $169 million. This capital strength provides stability in uncertain environments while supporting continued investment in strategic growth initiatives across the greater New York metropolitan region.
Reflecting our strong capital base and conservative operating profile, the Company maintains investment-grade ratings from Kroll Bond Rating Agency.
| Metric | Amount |
|---|---|
| Total Assets | $7.5B |
| Total Deposits | $6.6B |
| Noninterest-Bearing Deposits | 22% |
| Loan-to-Deposit Ratio | 95% |
| Insured Deposits | 71% |
| Shareholders' Equity | $658MM |
| Equity/Assets | 8.75% |
| Ratios | Actual | Well- Capitalized |
Excess Capital |
|---|---|---|---|
| Leverage | 9.9% | 5.0% | $364MM |
| Total Risk-Based | 11.5% | 10.0% | $169MM |
