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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS:    
Cash and due from banks $ 14,166 $ 15,147
Interest-bearing deposits in other financial institutions 71,659 62,615
Total cash and cash equivalents 85,825 77,762
Trading securities 9,759 8,968
Debt securities available-for-sale, at estimated fair value 894,272 808,031
Debt securities held-to-maturity, at amortized cost 9,448 9,505
Equity securities 1,465 1,280
Originated loans held-for-investment, net 2,727,852 2,678,877
Loans acquired 509,116 546,150
Purchased credit-impaired (“PCI”) loans held-for-investment 18,892 20,143
Loans held-for-investment, net 3,255,860 3,245,170
Allowance for loan losses (27,486) (27,497)
Net loans held-for-investment 3,228,374 3,217,673
Accrued interest receivable 13,205 12,959
Bank owned life insurance 155,031 154,135
Federal Home Loan Bank of New York stock, at cost 22,517 22,517
Premises and equipment, net 25,211 25,605
Goodwill 38,411 38,411
Operating lease right-of-use assets 43,500  
Other assets 28,429 31,586
Total assets 4,555,447 4,408,432
LIABILITIES:    
Deposits 3,375,205 3,286,512
Borrowed funds 409,244 408,891
Operating lease liabilities 47,414  
Advance payments by borrowers for taxes and insurance 20,723 18,007
Accrued expenses and other liabilities 23,421 28,583
Total liabilities 3,876,007 3,741,993
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized, none issued or outstanding 0 0
Common stock, $0.01 par value: 150,000,000 shares authorized, 60,933,707 shares issued at September 30, 2018 and December 31, 2017, 49,534,744 and 48,803,885 outstanding at September 30, 2018, and December 31, 2017, respectively 609 609
Additional paid-in-capital 546,861 546,219
Unallocated common stock held by employee stock ownership plan (20,743) (20,992)
Retained earnings 306,588 302,544
Accumulated other comprehensive loss (2,949) (9,147)
Treasury stock at cost; 11,159,911 and 11,298,034 shares at March 31, 2019, and December 31, 2018, respectively (150,926) (152,794)
Total stockholders’ equity 679,440 666,439
Total liabilities and stockholders’ equity $ 4,555,447 $ 4,408,432