Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Assets
Cash and due from financial institutions	$ 3,530	$ 4,033
Federal funds sold and cash equivalents	45,845	32,205
Total cash and cash equivalents	49,375	36,238
Investment securities available for sale, at fair value	45,435	28,208
Investment securities held to maturity (fair value of $2,406 at June 30, 2015 and $2,377 at December 31, 2014)	2,161	2,141
Total investment securities	47,596	30,349
Loans held for sale	1,063	2,932
Loans, net of unearned income	729,980	713,061
Less: Allowance for loan losses	(16,979)	(18,043)
Net loans	713,001	695,018
Accrued interest receivable	2,840	2,827
Premises and equipment, net	4,525	4,490
Other real estate owned (OREO)	19,752	20,931
Restricted stock, at cost	4,119	3,152
Bank owned life insurance (BOLI)	11,640	11,464
Deferred tax asset	10,751	10,518
Other assets	4,077	3,787
Total Assets	868,739	821,706
Deposits
Noninterest-bearing deposits	44,982	42,554
Interest-bearing deposits	627,697	605,379
Total deposits	672,679	647,933
FHLBNY borrowings	69,760	49,352
Subordinated debentures	13,403	13,403
Accrued interest payable	507	445
Other liabilities	5,342	7,523
Total liabilities	761,691	718,656
Equity
Preferred stock, 1,000,000 shares authorized, $1,000 liquidation value Series B - non-cumulative convertible; Issued: 20,000 shares at June 30, 2015 and December 31, 2014	20,000	20,000
Common stock, $.10 par value; authorized 15,000,000 shares; Issued: 6,338,237 shares at June 30, 2015 and 6,208,259 shares at December 31, 2014	634	621
Additional paid-in capital	52,466	51,316
Retained earnings	36,378	32,983
Accumulated other comprehensive income	(142)	165
Treasury stock, 241,900 shares at June 30, 2015 and 210,900 shares at December 31, 2014, at cost	(2,531)	(2,180)
Total shareholders’ equity	106,805	102,905
Noncontrolling interest in consolidated subsidiaries	243	145
Total equity	107,048	103,050
Total liabilities and equity	$ 868,739	$ 821,706