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Business Combinations (Tables) | 12 Months Ended
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Dec. 31, 2020
Business Combination |
Schedule of Consideration Paid | ​
​ | ​ | ​ | ​
(Dollars in thousands) | ​ | Amount
Consideration Paid : | ​ | ​ | ​
Company stock issued ( 2,557,028 shares ) | ​ | $ | 32,705
Cash payment | ​ |  | 54,836
Total consideration paid | ​ | $ | 87,541
Schedule of Estimated Fair Value of Acquired Assets and Liabilities Assumed | ​
​ | ​ | ​ | ​
(Dollars in thousands) | ​ | Amount
Assets acquired: | ​ | ​ | ​
Cash and Cash Equivalents | ​ | $ | 86,340
Securities available for sale | ​ | ​ | 159,369
Net loans | ​ | ​ | 669,682
Interest and dividends receivable | ​ | ​ | 5,394
Bank premises and equipment, net | ​ | ​ | 3,203
Federal Home Loan Bank of New York stock, at cost | ​ | ​ | 1,135
Bank owned life insurance | ​ | ​ | 21,992
Core deposit Intangibles | ​ | ​ | 3,280
Right of Use Asset | ​ | ​ | 9,993
Other assets | ​ | ​ | 22,300
​ | ​ | $ | 982,688
Liabilities assumed: | ​ | ​ | ​
Due to depositors: | ​ | ​ | ​
Non-interest bearing | ​ | ​ | 169,496
Interest-bearing | ​ | ​ | 685,393
Mortgagors' escrow deposits | ​ | ​ | 6,406
Borrowed funds | ​ | ​ | 21,215
Operating lease liability | ​ | ​ | 11,039
Other liabilities | ​ | ​ | 3,108
​ | ​ | $ | 896,657
​ | ​ | ​ | ​
Goodwill recorded | ​ | $ | 1,509
Schedule of Supplemental Pro Forma Financial Information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Actual from Acquisition Date to December 31, 2020 (1) | ​ | ​ | Unaudited Proforma for the twelve months ended December 31, 2020 | ​ | Unaudited Proforma for the twelve months ended December 31, 2019
​ | ​ | (Dollars in thousands)
Net interest Income | $ | 4,159 | ​ | $ | 220,153 | $ | 186,894
Non-Interest Income (loss) | ​ | (96) | ​ | ​ | 12,142 | ​ | 10,570
Non-Interest Expense | ​ | 1,657 | ​ |  | 140,979 |  | 125,211
Income Taxes | ​ | 706 | ​ | ​ | 16,084 | ​ | 16,025
Net Income | $ | 2,256 | ​ | $ | 52,659 | $ | 53,973
​
| (1) | Non-interest income (loss) includes $0.3 million from loss on sale of securities.

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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