DCOM Filings — Dime Community Bancshares, Inc. - FilingSpy
DCOM
Dime Community Bancshares, Inc.
A community bank serving Greater Long Island, New York City, Westchester, and New Jersey through dozens of branches, offering commercial real estate, multi-family and residential mortgages, consumer loans, and everyday deposits. Its roots go back to 1864, when it opened in Brooklyn's Williamsburg neighborhood as the Dime Savings Bank of Williamsburgh, built to help working families and immigrants save even a single dime. In 2021 it merged with Bridge Bancorp to become today's Dime Community Bancshares.
Net interest margin reached 3.28%, its highest in five years, as deposit costs fell and earning assets grew.
The climbed to 3.28%, a level not seen since mid-2021. rose 15.3% to $126.5 million and increased 17.2% to $34.8 million, driven by a $17.1 million rise in as funding costs fell. Credit costs are rising alongside the margin recovery, with the quarterly provision reaching $13.9 million and climbing to 0.62% of total loans.
Key takeaways
rose $17.1 million to $115.2 million as the widened 30 to 3.28%, driven by a 51-basis-point decline in the cost of interest-bearing liabilities.
The increased to $13.9 million from $9.2 million a year ago, attributed to charge-offs, individually analyzed loans, and growth in the business loan portfolio.
held for investment rose to 0.62% of total loans at June 30, 2026, up from 0.49% a year earlier, with reaching $9.7 million in the quarter.
Section summaries
Management's Discussion and Analysis
Net income rose to $34.8M in Q2 FY2026, driven by a $17.1M increase in net interest income as margin expanded to 3.28%.
⌄
grew $17.1M to $115.2M in Q2 FY2026, with widening 30 to 3.28%, driven by a 51 bps decline in the cost of interest-bearing liabilities.
Total deposits decreased $164.1M in H1 FY2026, primarily from savings, CDs, and interest-bearing checking outflows, partially offset by money market and non-interest-bearing checking growth.
Total deposits decreased $164.1 million in the first half of FY2026, driven by outflows from savings, CDs, and interest-bearing checking, partially offset by growth in money market and non-interest-bearing checking accounts.
The bank reduced by $123.0 million during the first half and maintained $1.61 billion in remaining borrowing capacity, with no outstanding FRB Discount Window advances.
Non- rose $4.4 million to $64.7 million, mainly from a $3.6 million increase in salaries and employee benefits.
What changed
The extended its recovery to 3.28%, adding 30 from the prior quarter's 3.21% and 57 basis points from 2.98% a year ago, as the cost of interest-bearing liabilities continued to decline.
The quarterly credit provision rose to $13.9 million from $9.2 million in Q2 FY2025 and $12.3 million in Q1 FY2026, marking a third consecutive quarter above the $10 million level as charge-offs and business loan growth drive provisioning higher.
increased to 0.62% of total loans from 0.49% a year ago, continuing a climb that began in FY2024, though the ratio remains below the 0.67% peak reached in Q3 FY2025.
Total deposits declined $164.1 million in the first half, a reversal from the $54.0 million of growth in the first half of FY2025, with the mix shifting toward money market and non-interest-bearing accounts.
What to watch
Whether the quarterly credit provision stabilizes near $14 million or continues to rise, and whether remain elevated after reaching $9.7 million this quarter.
Whether the can hold above 3.28% if the Federal Reserve cuts rates, given the company's prior projection of only a 1.0% lift in year-one under a gradual -200 scenario.
Whether deposit outflows persist in the second half of FY2026, and whether the bank must increase reliance on or other wholesale funding after reducing them by $123.0 million in the first half.
Any updated disclosure on the commercial real estate concentration ratio, which was last reported at 387% of total risk-based capital at year-end 2025 and remains well above the 300% regulatory threshold.
The rose to $13.9M in Q2 FY2026 from $9.2M a year ago, attributed to charge-offs, individually analyzed loans, and business loan portfolio growth.
held for investment increased to 0.62% of total loans at June 30, 2026, up from 0.49% a year earlier, with rising to $9.7M in Q2.
The Bank maintained strong liquidity with $1.61B in remaining FHLBNY borrowing capacity and no outstanding FRB Discount Window advances, while reducing FHLBNY advances by $123.0M in H1 FY2026.
Non- rose $4.4M to $64.7M in Q2 FY2026, mainly from a $3.6M increase in salaries and employee benefits.
In the ordinary course of business, the Company is routinely named as a defendant in, or party to, various pending or threatened legal actions or proceedings. Certain of these matters may seek substantial monetary damages. In the opinion of management, the Company was not involv…
⌄
In the ordinary course of business, the Company is routinely named as a defendant in, or party to, various pending or threatened legal actions or proceedings. Certain of these matters may seek substantial monetary damages. In the opinion of management, the Company was not involved in any actions or proceedings that were likely to have a material adverse impact on its financial condition and results of operations as of June 30, 2026.
For information regarding the Company’s risk factors, see Part 1, Item 1A “Risk Factors” in the Company’s Annual Report on Form 10-K for fiscal year ended December 31, 2025, and Part II, Item 1A “Risk Factors” in our subsequent Quarterly Reports on Form 10-Q, each as filed with…
⌄
For information regarding the Company’s risk factors, see Part 1, Item 1A “Risk Factors” in the Company’s Annual Report on Form 10-K for fiscal year ended December 31, 2025, and Part II, Item 1A “Risk Factors” in our subsequent Quarterly Reports on Form 10-Q, each as filed with the Securities and Exchange Commission.