Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets
Cash and due from financial institutions	$ 3,648	$ 3,131
Federal funds sold and cash equivalents	48,985	24,298
Total cash and cash equivalents	52,633	27,429
Investment securities available for sale, at fair value	40,140	42,567
Investment securities held to maturity (fair value of $2,535 at June 30, 2016 and $2,471 at December 31, 2015)	2,202	2,181
Total investment securities	42,342	44,748
Loans held for sale	0	2,640
Loans, net of unearned income	783,388	758,501
Less: Allowance for loan losses	(14,165)	(16,136)
Net loans	769,223	742,365
Accrued interest receivable	2,877	3,012
Premises and equipment, net	4,829	4,591
Other real estate owned (OREO)	12,815	16,629
Restricted stock, at cost	4,208	4,789
Bank owned life insurance (BOLI)	24,180	23,822
Deferred tax asset	10,593	10,928
Other assets	790	4,171
Total Assets	924,490	885,124
Deposits
Noninterest-bearing deposits	47,301	52,773
Interest-bearing deposits	665,494	612,437
Total deposits	712,795	665,210
FHLBNY borrowings	69,650	84,650
Subordinated debentures	13,403	13,403
Accrued interest payable	597	494
Other liabilities	5,876	9,160
Total liabilities	802,321	772,917
Equity
Preferred stock, 1,000,000 shares authorized, $1,000 liquidation value Series B - non-cumulative convertible; Issued: 20,000 shares at June 30, 2016 and December 31, 2015	20,000	20,000
Common stock, $.10 par value; authorized 15,000,000 shares; Issued: 7,127,581 shares at June 30, 2016 and 6,501,610 at December 31, 2015	713	650
Additional paid-in capital	62,076	53,984
Retained earnings	42,063	40,582
Accumulated other comprehensive income (loss)	337	(165)
Treasury stock, 284,522 shares at June 30, 2016 and 280,354 shares at December 31, 2015, at cost	(3,015)	(3,011)
Total shareholders’ equity	122,174	112,040
Noncontrolling interest in consolidated subsidiaries	(5)	167
Total equity	122,169	112,207
Total liabilities and equity	$ 924,490	$ 885,124