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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from financial institutions $ 27,522 $ 25,203
Interest-earning deposits in other financial institutions 116,936 96,701
Total cash and cash equivalents 144,458 121,904
Equity investments, at estimated fair value 1,999 2,174
Securities available for sale, at estimated fair value 299,075 284,090
Securities held to maturity, estimated fair value of $3,024 at March 31, 2020 and $3,139 at December 31, 2019 3,001 3,115
FHLBNY and FRBNY Stock, at cost 3,099 3,099
Loans, net of deferred loan fees 1,320,461 1,309,219
Allowance for loan losses (26,233) (23,478)
Loans, net 1,294,228 1,285,741
Loans held for sale 801 1,185
Premises and equipment, net 21,781 22,417
Operating lease right-of-use assets 7,826 8,001
Goodwill 21,824 21,824
Other intangible assets, net 610 742
Bank-owned life insurance 3,017 3,111
Accrued interest receivable and other assets 39,610 30,424
Total assets 1,841,329 1,787,827
Deposits:    
Non-interest-bearing 469,535 468,238
Interest-bearing 1,138,568 1,103,900
Total deposits 1,608,103 1,572,138
Long term finance lease obligation 4,028 4,085
Operating lease liabilities 7,919 8,084
Dividends payable 1,266 1,263
Accrued interest payable and other liabilities 29,566 19,630
Total liabilities 1,650,882 1,605,200
Shareholders' equity:    
Common stock, $0.01 par value per share, 10,000,000 shares authorized; 5,310,076 issued at March 31, 2020 and December 31, 2019 53 53
Additional paid-in capital 46,754 46,382
Retained earnings 154,926 153,701
Treasury stock, at cost; 432,257 shares at March 31, 2020 and 452,641 shares at December 31, 2019 (11,204) (11,710)
Accumulated other comprehensive loss (82) (5,799)
Total shareholders' equity 190,447 182,627
Total liabilities and shareholders' equity $ 1,841,329 $ 1,787,827