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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and due from financial institutions $ 28,205 $ 24,886
Interest-bearing deposits in other financial institutions 45,957 1,299
Total cash and cash equivalents 74,162 26,185
Trading assets, at fair value 774 701
Securities available for sale, at estimated fair value 303,402 344,820
Securities held to maturity, estimated fair value of $4,912 at December 31, 2016 and $4,822 at December 31, 2015 4,705 4,566
FHLBNY and FRBNY Stock, at cost 4,041 4,797
Loans, net of deferred loan fees 1,200,290 1,168,633
Allowance for loan losses (14,253) (14,260)
Loans, net 1,186,037 1,154,373
Loans held for sale 412 1,076
Premises and equipment, net 28,923 29,397
Goodwill 21,824 21,824
Other intangible assets, net 2,945 3,931
Bank owned life insurance 2,912 2,839
Accrued interest and other assets 27,042 25,455
Total assets 1,657,179 1,619,964
Deposits:    
Non-interest-bearing 417,812 402,236
Interest-bearing 1,038,531 998,059
Total deposits 1,456,343 1,400,295
FHLBNY overnight advances 0 13,900
Securities sold under agreements to repurchase 27,606 28,453
FHLBNY term advances 9,093 19,203
Long term capital lease obligation 4,722 2,873
Dividends payable 1,225 1,214
Accrued interest payable and other liabilities 14,442 16,784
Total liabilities 1,513,431 1,482,722
Shareholders' equity:    
Common stock, $.01 par value per share, 10,000,000 shares authorized; 5,310,076 issued at December 31, 2016 and December 31, 2015 53 53
Additional-paid-in capital 45,603 45,537
Retained earnings 124,111 118,973
Treasury stock, at cost (597,843 shares at December 31, 2016; 641,721 shares at December 31, 2015) (15,265) (16,379)
Accumulated other comprehensive loss (10,754) (10,942)
Total shareholders' equity 143,748 137,242
Total liabilities and shareholders' equity $ 1,657,179 $ 1,619,964