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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from financial institutions $ 28,689 $ 25,203
Interest-earning deposits in other financial institutions 126,473 96,701
Total cash and cash equivalents 155,162 121,904
Equity investments, at estimated fair value 2,169 2,174
Securities available for sale, at estimated fair value 317,061 284,090
Securities held to maturity 3,597 3,115
FHLBNY and FRBNY Stock, at cost 3,150 3,099
Loans, net of deferred loan fees 1,497,998 1,309,219
Allowance for loan losses (24,130) (23,478)
Loans, net 1,473,868 1,285,741
Loans held for sale 1,491 1,185
Premises and equipment, net 21,395 22,417
Operating lease right-of-use assets 7,650 8,001
Goodwill 21,824 21,824
Other intangible assets, net 491 742
Bank-owned life insurance 3,031 3,111
Accrued interest receivable and other assets 40,032 30,424
Total assets 2,050,921 1,787,827
Deposits:    
Non-interest-bearing 616,736 468,238
Interest-bearing 1,194,520 1,103,900
Total deposits 1,811,256 1,572,138
Long term finance lease obligation 3,969 4,085
Operating lease liabilities 7,752 8,084
Dividends payable 1,247 1,263
Accrued interest payable and other liabilities 32,108 19,630
Total liabilities 1,856,332 1,605,200
Shareholders' equity:    
Common stock, value outstanding 53 53
Additional paid-in capital 46,758 46,382
Retained earnings 159,505 153,701
Treasury stock, value (13,869) (11,710)
Accumulated other comprehensive income (loss) 2,142 (5,799)
Total shareholders' equity 194,589 182,627
Total liabilities and shareholders' equity $ 2,050,921 $ 1,787,827