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March 2023
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Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Northfield Bancorp, Inc..
Northfield Bancorp, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes:
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(3)The year ended December 31, 2020, includes: (i) $5.8 million, after tax, in incremental loan loss provisions related to an increase in estimated loss factors associated with the COVID-19 pandemic; (ii) $3.3 million, after tax, in merger-related expenses associated with the Victory acquisition; (iii) $1.6 million, after tax, in occupancy costs related to branch consolidations; and (iv) $479,000, after tax, in gains on loans sold.
(3) The year ended December 31, 2020, includes: (i) $5.8 million, after tax, in incremental loan loss provisions related to an increase in estimated loss factors associated with the COVID-19 pandemic; (ii) $3.3 million, after tax, in merger-related expenses associated with the Victory acquisition; (iii) $1.6 million, after tax, in occupancy costs related to branch consolidations; and (iv) $479,000, after tax, in gains on loans sold.
. The increase was primarily attributable to an increase in FHLB advances and other borrowings of $187.1 million, the issuance of subordinated debt, net of issuance costs, of $60.9 million, an increase in advance payments by borrowers for taxes and insurance of $1.1 million and an increase in accrued expenses and other liabilities of $4.2 millio
The increase was primarily attributable to an increase in FHLB advances and other borrowings of $187.1 million, the issuance of subordinated debt, net of issuance costs, of $60.9 million, an increase in advance payments by borrowers for taxes and insurance of $1.1 million and an increase in accrued expenses and other liabilities of $4.2 million.
. The decrease in occupancy...Read more
. Non-interest income decreased $6.5...Read more
. The increase in interest...Read more
. For PCD loans, the...Read more
. The decrease in credit...Read more
We believe that our allowance...Read more
Net income for the year...Read more
. The higher provision for...Read more
. The increase resulted from...Read more
. The decrease in earning...Read more
. Although management believes the...Read more
. The increase in the...Read more
. In the event of...Read more
. Net interest income for...Read more
. The cost of interest-bearing...Read more
. The surrender of these...Read more
. The increase was due...Read more
. Actual results may be...Read more
. The table above indicates...Read more
. Because management's estimates of...Read more
. The increase was primarily...Read more
. Accordingly, although interest rate...Read more
. During the year ended...Read more
Among other things, these adjustments...Read more
. The decrease was primarily...Read more
. Any one or a...Read more
. The effect of inflation...Read more
. Partially offsetting the increases...Read more
. The increase in the...Read more
The year ended December 31,...Read more
The year ended December 31,...Read more
. Upon adoption of the...Read more
. The cost of interest-bearing...Read more
Critical Accounting Policies Critical accounting...Read more
. Non-interest expense decreased $2.2...Read more
The decrease was attributable to...Read more
. The table above indicates...Read more
See Note 1 to the...Read more
. FDIC insurance premiums increased...Read more
. Interest income increased $7.4...Read more
. The increase in gains...Read more
. At the same time,...Read more
. The amendments in this...Read more
. The slight decrease in...Read more
The metrics are based on...Read more
. In the event of...Read more
. Other expense increased by...Read more
. Changes in these estimates...Read more
. Interest expense decreased $21.7...Read more
(1) a collective reserve component...Read more
. The improvement in asset...Read more
. The decrease in interest...Read more
(2)The year ended December 31,...Read more
(2) The year ended December...Read more
. Additionally, there was a...Read more
. The Company recorded income...Read more
. The guidance is effective...Read more
. Overly optimistic assumptions or...Read more
. The decrease was attributable...Read more
. The decrease in the...Read more
Our allowance for credit losses...Read more
. Interest expense increased $4.7...Read more
(1)The year ended December 31,...Read more
(1) The year ended December...Read more
. The reserve for off-balance...Read more
. Determining the estimated fair...Read more
. In the event of...Read more
. Depending on current market...Read more
. The table below sets...Read more
. The provision for credit...Read more
. The increase in borrowings...Read more
. Non-interest income increased $3.0...Read more
. Computations of prospective effects...Read more
. The overall increase was...Read more
Significant variances from the prior...Read more
Net income for the year...Read more
. Comparison of Financial Condition...Read more
. Non-interest expense increased $646,000,...Read more
. Other assets increased $17.2...Read more
. In addition, the OCC,...Read more
. Depending on market conditions,...Read more
. The decrease was due...Read more
. The stress scenarios include...Read more
. The increase in accretable...Read more
. This Committee is responsible...Read more
. A third loan in...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Northfield Bancorp, Inc. provided additional information to their SEC Filing as exhibits
Ticker: NFBK
CIK: 1493225
Form Type: 10-K Annual Report
Accession Number: 0001493225-23-000055
Submitted to the SEC: Wed Mar 01 2023 3:06:50 PM EST
Accepted by the SEC: Wed Mar 01 2023
Period: Saturday, December 31, 2022
Industry: Savings Institution Federally Chartered