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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from financial institutions $ 32,262 $ 17,365
Interest-earning deposits in other financial institutions 10,161 9,616
Total cash and cash equivalents 42,423 26,981
Equity investments, at estimated fair value 2,677 2,964
Securities available for sale, at estimated fair value 640,352 792,026
Securities held to maturity, estimated fair value of $3,205 at September 30, 2022   and $3,796 at December 31, 2021 3,210 3,790
FHLBNY and FRBNY Stock, at cost 3,872 4,218
Loans, net of deferred loan fees 1,742,755 1,518,249
Allowance for loan losses (18,631) (21,025)
Loans, net 1,724,124 1,497,224
Loans held for sale 0 396
Premises and equipment, net 16,581 17,969
Operating lease right-of-use assets 6,646 7,234
Goodwill 21,824 21,824
Other intangible assets, net 0 15
Bank-owned life insurance 2,859 2,825
Accrued interest receivable and other assets 86,854 41,009
Total assets 2,551,422 2,418,475
Deposits:    
Non-interest-bearing 747,972 739,607
Interest-bearing 1,584,568 1,415,826
Total deposits 2,332,540 2,155,433
FHLBNY overnight advances 710 14,570
Long term finance lease obligation 3,394 3,594
Operating lease liabilities 6,810 7,378
Dividends payable 1,450 1,450
Accrued interest payable and other liabilities 51,000 24,595
Total liabilities 2,395,904 2,207,020
Shareholders' equity:    
Common stock, $0.01 par value per share, 10,000,000 shares authorized;   5,310,076 issued at September 30, 2022 and December 31, 2021 53 53
Additional paid-in capital 47,487 46,901
Retained earnings 205,874 188,877
Treasury stock, at cost; 633,055 shares at September 30, 2022 and 636,720   shares at December 31, 2021 (18,015) (17,846)
Accumulated other comprehensive loss (79,881) (6,530)
Total shareholders' equity 155,518 211,455
Total liabilities and shareholders' equity $ 2,551,422 $ 2,418,475