Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Cash and due from banks:
Cash	$ 35,767	$ 35,478
Interest-bearing deposits	90,872	104,361
Total cash and cash equivalents	126,639	139,839
Available-for-sale securities, at fair value (Note 3)	96,562	104,970
Held-to-maturity securities, net of allowance for credit losses of $199 at June 30, 2025 and $216 at December 31, 2024; at amortized cost (fair value 2025 $329,279; 2024 $355,294) (Note 3)	336,879	367,938
Placement with banks	249	249
Mortgage loans held for sale, at fair value (Note 4)	5,703	10,736
Loans receivable, net of allowance for credit losses of $24,100 at June 30, 2025 and $22,502 at December 31, 2024 (Note 5)	2,458,712	2,286,599
Accrued interest receivable	19,126	17,771
Premises and equipment, net	16,067	16,794
Right of use assets (Note 6)	28,806	29,093
Federal Home Loan Bank of New York (FHLBNY) stock, at cost	26,620	29,182
Deferred tax assets	12,143	12,074
Other assets	26,363	24,693
Total assets	3,153,869	3,039,938
Liabilities:
Deposits (Note 7)	2,042,209	1,884,864
Operating lease liabilities	30,501	30,696
Accrued interest payable	4,161	3,712
Advance payments by borrowers for taxes and insurance	10,942	10,349
Borrowings (Note 8)	536,100	596,100
Other liabilities	8,868	8,717
Total liabilities	2,632,781	2,534,438
Commitments and contingencies (Note 10)
Stockholders' Equity:
Preferred stock, $0.01 par value; 100,000,000 shares authorized, 225,000 shares issued and outstanding as of June 30, 2025 and as of December 31, 2024.	225,000	225,000
Common stock, $0.01 par value; 200,000,000 shares authorized; 24,886,711 shares issued at both June 30, 2025 and December 31, 2024; 23,984,800 shares outstanding as of June 30, 2025 and 23,961,214 shares outstanding as of December 31, 2024	249	249
Treasury stock, at cost; 901,911 shares as of June 30, 2025 and 925,497 shares as of December 31, 2024	(7,404)	(7,707)
Additional paid-in-capital	208,275	207,319
Retained earnings	119,250	107,754
Accumulated other comprehensive loss (Note 13)	(13,047)	(15,297)
Unearned compensation - ESOP: 1,235,116 shares as of June 30, 2025 and 1,301,988 shares as of December 31, 2024	(11,235)	(11,818)
Total stockholders' equity	521,088	505,500
Total liabilities and stockholders' equity	$ 3,153,869	$ 3,039,938

Ponce Financial Group, Inc. 10-Q