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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and due from financial institutions $ 28,014 $ 28,130
Interest-bearing deposits in other financial institutions 1,650 1,033
Total cash and cash equivalents 29,664 29,163
Trading assets, at fair value 635 549
Securities available for sale, at estimated fair value 290,571 280,507
Securities held to maturity, estimated fair value of $6,351 at June 30, 2015 and $6,197 at December 31, 2014 6,045 5,831
FHLBNY and FRBNY Stock, at cost 4,873 5,535
Loans, net of deferred loan fees 1,150,406 1,121,574
Allowance for loan losses (14,028) (13,686)
Loans, net 1,136,378 1,107,888
Loans held for sale 668 665
Premises and equipment, net 30,874 32,287
Goodwill 21,824 21,824
Other intangible assets, net 4,478 5,067
Bank owned life insurance 2,801 2,764
Accrued interest receivable and other assets 24,822 32,459
Total assets 1,553,633 1,524,539
Deposits:    
Non-interest-bearing 385,467 366,298
Interest-bearing 946,510 913,716
Total deposits 1,331,977 1,280,014
FHLBNY overnight advances 15,600 30,830
Securities sold under agreements to repurchase 31,882 29,652
FHLBNY term advances 19,256 19,310
Long term capital lease obligation 2,945 2,976
Dividends payable 1,210 1,204
Accrued interest payable and other liabilities 14,243 26,925
Total liabilities 1,417,113 1,390,911
Shareholders' equity:    
Common stock, $0.01 par value per share, 10,000,000 shares authorized; 5,310,076 issued at June 30, 2015 and December 31, 2014 53 53
Additional-paid-in capital 45,468 45,355
Retained earnings 116,817 114,383
Treasury stock, at cost (654,560 shares at June 30, 2015; 680,948 shares at December 31, 2014) (16,704) (17,378)
Accumulated other comprehensive loss (9,114) (8,785)
Total shareholders' equity 136,520 133,628
Total liabilities and shareholders' equity $ 1,553,633 $ 1,524,539