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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities    
Net income $ 18,943 $ 11,943
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 270 251
Provision for loan losses 1,462 3,040
Bank owned life insurance income (722) (357)
Bank owned life insurance additional purchase 0 (12,000)
Gain on sale of SBA loans (1,819) (4,147)
SBA loans originated for sale (15,080) (38,244)
Proceeds from sale of SBA loans originated for sale 16,901 42,684
Loss on sale & write down of OREO, net 1,830 2,019
Gain on sale of SBA related assets (7,611) 0
Net accretion of purchase premiums and discounts on securities (44) (623)
Deferred income tax benefit 305 (190)
Changes in operating assets and liabilities:    
Decrease (increase) in accrued interest receivable and other assets 593 (1,008)
(Decrease) increase in accrued interest payable and other accrued liabilities (2,306) 1,686
Net cash provided by operating activities 12,722 5,054
Cash Flows from Investing Activities    
Purchases of investment securities available for sale (10,000) (20,476)
Purchases (redemptions) of restricted stock 131 (1,637)
Proceeds from sale of SBA related assets 50,348 0
Proceeds from loans held for sale 2,638 0
Proceeds from maturities and principal payments on mortgage backed securities 7,406 6,150
Proceeds from sale of OREO 5,222 7,576
Advances on OREO (194) (139)
Donation of OREO property 31 0
Net increase in loans (138,996) (55,541)
Purchases of bank premises and equipment (875) (352)
Net cash used in investing activities (84,289) (64,419)
Cash Flows from Financing Activities    
Cash payment of dividends (3,234) (2,661)
Minority interest capital withdrawal, net (644) (1,224)
Proceeds from exercise of stock options and warrants 190 2,697
Purchase of treasury stock (4) (831)
Stock compensation 66 0
Net (decrease) increase in FHLBNY borrowings (5,000) 35,298
Net increase in noninterest-bearing deposits 39,762 10,219
Net increase in interest-bearing deposits 83,722 7,058
Net cash provided by financing activities 114,858 50,556
Decrease in cash and cash equivalents 43,291 (8,809)
Cash and Cash Equivalents, January 1, 27,429 36,238
Cash and Cash Equivalents, December 31, 70,720 27,429
Cash paid during the year for:    
Interest on deposits and borrowed funds 6,603 5,763
Income taxes 9,984 6,494
Supplemental Schedule of Noncash Activities:    
Real estate acquired in settlement of loans $ 788 $ 5,154