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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income:    
Loans $ 32,590 $ 30,787
Mortgage-backed securities 4,074 2,726
Other securities 1,865 502
Federal Home Loan Bank of New York dividends 402 414
Deposits in other financial institutions 535 253
Total interest income 39,466 34,682
Interest expense:    
Deposits 10,247 5,211
Borrowings 1,889 1,927
Total interest expense 12,136 7,138
Net interest income 27,330 27,544
Provision for loan losses 59 34
Net interest income after provision for loan losses 27,271 27,510
Non-interest income:    
Fees and service charges for customer services 1,140 1,214
Income on bank owned life insurance 896 954
Gains on securities transactions, net 1,241 161
Other 37 76
Total non-interest income 3,314 2,405
Non-interest expense:    
Compensation and employee benefits 11,020 9,117
Occupancy 3,282 3,096
Furniture and equipment 259 256
Data processing 1,263 1,224
Professional fees 747 763
Advertising 764 611
FDIC insurance 277 297
Other 1,592 1,762
Total non-interest expense 19,204 17,126
Income before income tax expense 11,381 12,789
Income tax expense 2,610 2,344
Net income $ 8,771 $ 10,445
Net income per common share:    
Basic (usd per share) $ 0.19 $ 0.23
Diluted (usd per share) $ 0.19 $ 0.22
Unrealized gains (losses) on debt securities:    
Net unrealized holding gains (losses) on debt securities $ 8,763 $ (6,153)
Less: reclassification adjustment for net gains included in net income (included in gains on securities transactions, net) (155) (55)
Net unrealized gains (losses) 8,608 (6,208)
Income tax (expense) benefit related to net unrealized holding gains (losses) on debt securities (2,453) 1,729
Income tax benefit related to reclassification adjustment for gains included in net income 43 15
Other comprehensive income (loss), net of tax 6,198 (4,464)
Comprehensive income $ 14,969 $ 5,981