XML 14 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and due from financial institutions $ 35,345 $ 24,886
Interest-bearing deposits in other financial institutions 100,159 1,299
Total cash and cash equivalents 135,504 26,185
Trading assets, at fair value 720 701
Securities available for sale, at estimated fair value 303,259 344,820
Securities held to maturity, estimated fair value of $4,746 at September 30, 2016 and $4,822 at December 31, 2015 4,504 4,566
FHLBNY and FRBNY Stock, at cost 4,491 4,797
Loans, net of deferred loan fees 1,216,566 1,168,633
Allowance for loan losses (15,325) (14,260)
Loans, net 1,201,241 1,154,373
Loans held for sale 119 1,076
Premises and equipment, net 29,084 29,397
Goodwill 21,824 21,824
Other intangible assets, net 3,183 3,931
Bank-owned life insurance 2,894 2,839
Accrued interest receivable and other assets 22,042 25,455
Total assets 1,728,865 1,619,964
Deposits:    
Non-interest-bearing 424,243 402,236
Interest-bearing 1,084,701 998,059
Total deposits 1,508,944 1,400,295
FHLBNY overnight advances 0 13,900
Securities sold under agreements to repurchase 30,002 28,453
FHLBNY term advances 19,121 19,203
Long term capital lease obligation 4,772 2,873
Dividends payable 1,222 1,214
Accrued interest payable and other liabilities 19,992 16,784
Total liabilities 1,584,053 1,482,722
Shareholders' equity:    
Common stock, $0.01 par value per share, 10,000,000 shares authorized; 5,310,076 issued at September 30, 2016 and December 31, 2015 53 53
Additional paid-in capital 45,724 45,537
Retained earnings 122,382 118,973
Treasury stock, at cost; 608,931 shares at September 30, 2016 and 641,721 shares at December 31, 2015 (15,542) (16,379)
Accumulated other comprehensive loss (7,805) (10,942)
Total shareholders' equity 144,812 137,242
Total liabilities and shareholders' equity $ 1,728,865 $ 1,619,964