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Unaudited Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 20,737 $ 19,645
Interest earning bank balances 108,155 114,563
Cash and cash equivalents 128,892 134,208
Restricted cash 1,000 5,000
Investment securities available for sale (amortized cost of $303,154 and $300,028 at March 31, 2017 and December 31, 2016, respectively) 299,502 295,686
Investment securities held to maturity (estimated fair value of $250 at March 31, 2017 and December 31, 2016) 250 250
Loans receivable (net of allowance for loan losses of $15,716 and $15,541 at March 31, 2017 and December 31, 2016, respectively) 1,594,759 1,594,377
Restricted equity investments, at cost 15,806 15,791
Bank properties and equipment, net 29,432 30,148
Accrued interest receivable 5,240 5,122
Goodwill 38,188 38,188
Bank owned life insurance (BOLI) 83,593 83,109
Deferred taxes, net 50,590 51,573
Other assets 8,521 8,810
Total assets 2,255,773 2,262,262
Liabilities:    
Deposits 1,733,989 1,741,363
Advances from the Federal Home Loan Bank of New York (FHLBNY) 85,367 85,416
Obligations under capital lease 6,187 6,292
Junior subordinated debentures 92,786 92,786
Other liabilities 14,628 16,696
Total liabilities 1,932,957 1,942,553
Commitments and contingencies
Shareholders' equity:    
Preferred stock, $1 par value, 1,000,000 shares authorized; none issued
Common stock, $5 par value, 40,000,000 shares authorized; 19,132,414 shares issued and 19,057,379 shares outstanding at March 31, 2017; 19,030,704 shares issued and 18,922,726 shares outstanding at December 31, 2016. 95,662 95,154
Additional paid-in capital 508,353 508,593
Retained deficit (275,261) (276,501)
Accumulated other comprehensive loss (2,160) (2,568)
Deferred compensation plan trust (1,160) (1,160)
Treasury stock at cost, 75,035 shares at March 31, 2017 and 107,978 shares at December 31, 2016. (2,618) (3,809)
Total shareholders' equity 322,816 319,709
Total liabilities and shareholders' equity $ 2,255,773 $ 2,262,262