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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from financial institutions $ 23,184 $ 22,247
Interest-earning deposits in other financial institutions 47,033 14,600
Total cash and cash equivalents 70,217 36,847
Equity investments, at estimated fair value 3,090 3,046
Securities available for sale, at estimated fair value (amortized cost of $641,320, at June 30, 2024 and $669,092 at December 31, 2023, net of allowance for credit losses on securities of $0 at June 30, 2024 and December 31, 2023, respectively) 550,927 583,993
Securities held to maturity 657 785
FHLBNY and FRBNY Stock, at cost 5,506 5,498
Loans, net of deferred loan fees 2,011,472 1,972,664
Allowance for credit losses (21,031) (22,517)
Loans, net 1,990,441 1,950,147
Loans held for sale 381 0
Premises and equipment, net 14,731 14,571
Operating lease right-of-use assets 5,827 5,648
Goodwill 21,824 21,824
Bank-owned life insurance 2,933 2,914
Interest rate swap assets 25,424 23,942
Accrued interest receivable and other assets 63,855 61,314
Total assets 2,755,813 2,710,529
Deposits:    
Non-interest-bearing 619,192 653,166
Interest-bearing 1,796,729 1,776,261
Total deposits 2,415,921 2,429,427
Overnight and short-term advances 80,000 31,920
Long term finance lease obligation 3,835 3,050
Operating lease liabilities 6,009 5,827
Dividends payable 1,473 1,469
Interest rate swap liabilities 25,432 23,981
Accrued interest payable and other liabilities 21,921 19,614
Total liabilities 2,554,591 2,515,288
Shareholders' equity:    
Common stock, $0.01 par value per share, 10,000,000 shares authorized; 5,310,076 issued at June 30, 2024 and December 31, 2023 53 53
Additional paid-in capital 48,102 47,773
Retained earnings 239,021 229,930
Treasury stock, at cost; $555,558 shares at June 30, 2024 and $572,663 shares at December 31, 2023 (16,043) (16,502)
Accumulated other comprehensive loss (69,911) (66,013)
Total shareholders' equity 201,222 195,241
Total liabilities and shareholders' equity $ 2,755,813 $ 2,710,529