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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from financial institutions $ 21,757 $ 17,365
Interest-earning deposits in other financial institutions 43,726 9,616
Total cash and cash equivalents 65,483 26,981
Equity investments, at estimated fair value 2,949 2,964
Securities available for sale, at estimated fair value 746,343 792,026
Securities held to maturity, estimated fair value of $3,576 at March 31, 2022   and $3,796 at December 31, 2021 3,576 3,790
FHLBNY and FRBNY Stock, at cost 3,576 4,218
Loans, net of deferred loan fees 1,566,525 1,518,249
Allowance for loan losses (19,928) (21,025)
Loans, net 1,546,597 1,497,224
Loans held for sale 345 396
Premises and equipment, net 17,260 17,969
Operating lease right-of-use assets 7,035 7,234
Goodwill 21,824 21,824
Other intangible assets, net 4 15
Bank-owned life insurance 2,836 2,825
Accrued interest receivable and other assets 57,067 41,009
Total assets 2,474,895 2,418,475
Deposits:    
Non-interest-bearing 726,699 739,607
Interest-bearing 1,522,893 1,415,826
Total deposits 2,249,592 2,155,433
FHLBNY overnight advances 0 14,570
Long term finance lease obligation 3,527 3,594
Operating lease liabilities 7,186 7,378
Dividends payable 1,449 1,450
Accrued interest payable and other liabilities 27,631 24,595
Total liabilities 2,289,385 2,207,020
Shareholders' equity:    
Common stock, $0.01 par value per share, 10,000,000 shares authorized;   5,310,076 issued at March 31, 2022 and December 31, 2021 53 53
Additional paid-in capital 46,880 46,901
Retained earnings 194,295 188,877
Treasury stock, at cost; 637,003 shares at March 31, 2022 and 636,720   shares at December 31, 2021 (18,113) (17,846)
Accumulated other comprehensive income (loss) (37,605) (6,530)
Total shareholders' equity 185,510 211,455
Total liabilities and shareholders' equity $ 2,474,895 $ 2,418,475