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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from financial institutions $ 17,365,000 $ 29,467,000
Interest-earning deposits in other financial institutions 9,616,000 79,071,000
Total cash and cash equivalents 26,981,000 108,538,000
Equity investments, at fair value 2,964,000 2,542,000
Securities available for sale, at estimated fair value 792,026,000 554,611,000
Securities held to maturity 3,790,000 2,469,000
FHLBNY and FRBNY Stock, at cost 4,218,000 3,150,000
Loans, net of deferred loan fees 1,518,249,000 1,536,463,000
Allowance for loan losses (21,025,000) (20,924,000)
Total ending loans balance 1,497,224,000 1,515,539,000
Loans held for sale 396,000 170,000
Premises and equipment, net 17,969,000 20,119,000
Operating lease right-of-use assets 7,234,000 7,145,000
Goodwill 21,824,000 21,824,000
Other intangible assets, net 15,000 258,000
Bank owned life insurance 2,825,000 3,059,000
Accrued interest and other assets 41,009,000 40,027,000
Total assets 2,418,475,000 2,279,451,000
Deposits:    
Non-interest-bearing 739,607,000 620,423,000
Interest-bearing 1,415,826,000 1,417,351,000
Total deposits 2,155,433,000 2,037,774,000
FHLBNY overnight advances 14,570,000 0
Capital lease obligation 3,594,000 3,849,000
Operating lease liabilities 7,378,000 7,264,000
Dividends payable 1,450,000 1,214,000
Accrued interest payable and other liabilities 24,595,000 29,651,000
Total liabilities 2,207,020,000 2,079,752,000
Shareholders' equity:    
Common stock, $0.01 par value per share, 10,000,000 shares authorized;   5,310,076 issued at December 31, 2021 and December 31, 2020 53,000 53,000
Additional-paid-in capital 46,901,000 46,764,000
Retained earnings 188,877,000 168,006,000
Treasury stock, at cost (636,720 shares at December 31, 2021; 642,239   shares at December 31, 2020) (17,846,000) (17,525,000)
Accumulated other comprehensive (loss) income (6,530,000) 2,401,000
Total shareholders' equity 211,455,000 199,699,000
Total liabilities and shareholders' equity $ 2,418,475,000 $ 2,279,451,000