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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
ASSETS:    
Cash and due from banks $ 15,539 $ 14,967
Interest-bearing deposits in other financial institutions 60,246 61,742
Total cash and cash equivalents 75,785 76,709
Trading securities 6,799 6,422
Securities available-for-sale, at estimated fair value (encumbered $100,819 at June 30, 2015 and $216,262 at December 31, 2014) 640,212 771,239
Securities held-to-maturity, at amortized cost (estimated fair value of $3,965 at June 30, 2015 and $3,691 at December 31, 2014) (encumbered of $435 at June 30, 2015 and $2,114 at December 31, 2014) 3,921 3,609
Loans held-for-sale 325 0
Originated loans held-for-investment, net 1,787,363 1,632,494
Loans acquired 378,493 265,685
Purchased credit-impaired (PCI) loans held-for-investment 37,778 44,816
Loans held-for-investment, net 2,203,634 1,942,995
Allowance for loan losses (25,516) (26,292)
Net loans held-for-investment 2,178,118 1,916,703
Accrued interest receivable 8,087 8,015
Bank owned life insurance 130,897 129,015
Federal Home Loan Bank of New York stock, at cost 25,353 29,219
Premises and equipment, net 25,142 26,226
Goodwill 16,159 16,159
Other real estate owned 423 752
Other assets 36,094 36,801
Total assets 3,147,315 3,020,869
LIABILITIES:    
Deposits 1,980,099 1,620,665
Securities sold under agreements to repurchase 94,000 203,200
Federal Home Loan Bank advances and other borrowings 485,078 575,458
Advance payments by borrowers for taxes and insurance 9,696 7,792
Accrued expenses and other liabilities 20,889 19,826
Total liabilities 2,589,762 2,426,941
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.01 par value; 10,000,000 shares authorized, none issued or outstanding 0 0
Common stock, $0.01 par value: 150,000,000 shares authorized, 58,226,326 shares issued at June 30, 2015, and December 31, 2014, 45,937,659 and 48,402,083 outstanding at June 30, 2015 and December 31, 2014, respectively 582 582
Additional paid-in-capital 497,118 499,606
Unallocated common stock held by employee stock ownership plan (25,257) (25,782)
Retained earnings 251,903 248,908
Accumulated other comprehensive loss (1,553) (765)
Treasury stock at cost; 12,288,667 and 9,824,243 shares at June 30, 2015, and December 31, 2014, respectively (165,240) (128,621)
Total stockholders’ equity 557,553 593,928
Total liabilities and stockholders’ equity $ 3,147,315 $ 3,020,869