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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from financial institutions $ 35,327 $ 25,203
Interest-earning deposits in other financial institutions 114,575 96,701
Total cash and cash equivalents 149,902 121,904
Equity investments, at estimated fair value 2,291 2,174
Securities available for sale, at estimated fair value 396,300 284,090
Securities held to maturity 3,047 3,115
FHLBNY and FRBNY Stock, at cost 3,150 3,099
Loans, net of deferred loan fees 1,538,493 1,309,219
Allowance for loan losses (24,590) (23,478)
Total ending loans balance 1,513,903 1,285,741
Loans held for sale 2,059 1,185
Premises and equipment, net 20,891 22,417
Operating lease right-of-use assets 7,474 8,001
Goodwill 21,824 21,824
Other intangible assets, net 371 742
Bank-owned life insurance 3,045 3,111
Accrued interest receivable and other assets 40,757 30,424
Total assets 2,165,014 1,787,827
Deposits:    
Non-interest-bearing 619,412 468,238
Interest-bearing 1,304,777 1,103,900
Total deposits 1,924,189 1,572,138
FHLBNY overnight advances 245 0
Long term finance lease obligation 3,910 4,085
Operating lease liabilities 7,584 8,084
Dividends payable 1,229 1,263
Accrued interest payable and other liabilities 30,852 19,630
Total liabilities 1,968,009 1,605,200
Shareholders' equity:    
Common stock, value outstanding 53 53
Additional paid-in capital 46,892 46,382
Retained earnings 163,987 153,701
Treasury stock, value (15,569) (11,710)
Accumulated other comprehensive income (loss) 1,642 (5,799)
Total shareholders' equity 197,005 182,627
Total liabilities and shareholders' equity $ 2,165,014 $ 1,787,827