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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from financial institutions $ 30,602 $ 29,467
Interest-earning deposits in other financial institutions 126,397 79,071
Total cash and cash equivalents 156,999 108,538
Equity investments, at estimated fair value 2,718 2,542
Securities available for sale, at estimated fair value 626,195 554,611
Securities held to maturity, estimated fair value of $2,482 at March 31, 2021   and $2,501 at December 31, 2020 2,453 2,469
FHLBNY and FRBNY Stock, at cost 3,164 3,150
Loans, net of deferred loan fees 1,580,949 1,536,463
Allowance for loan losses (20,909) (20,924)
Loans, net 1,560,040 1,515,539
Loans held for sale 295 170
Premises and equipment, net 19,541 20,119
Operating lease right-of-use assets 7,335 7,145
Goodwill 21,824 21,824
Other intangible assets, net 157 258
Bank-owned life insurance 2,787 3,059
Accrued interest receivable and other assets 38,987 40,027
Total assets 2,442,495 2,279,451
Deposits:    
Non-interest-bearing 693,785 620,423
Interest-bearing 1,516,596 1,417,351
Total deposits 2,210,381 2,037,774
Long term finance lease obligation 3,788 3,849
Operating lease liabilities 7,462 7,264
Dividends payable 1,211 1,214
Accrued interest payable and other liabilities 24,869 29,651
Total liabilities 2,247,711 2,079,752
Shareholders' equity:    
Common stock, $0.01 par value per share, 10,000,000 shares authorized;   5,310,076 issued at March 31, 2021 and December 31, 2020 53 53
Additional paid-in capital 47,025 46,764
Retained earnings 173,325 168,006
Treasury stock, at cost; 648,272 shares at March 31, 2021 and 642,239   shares at December 31, 2020 (17,867) (17,525)
Accumulated other comprehensive income (loss) (7,752) 2,401
Total shareholders' equity 194,784 199,699
Total liabilities and shareholders' equity $ 2,442,495 $ 2,279,451