Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 7,210	$ 5,915
Federal funds sold and other interest bearing deposits with banks	160,583	148,556
Cash and cash equivalents	167,793	154,471
Investment securities available for sale, at fair value	29,441	31,278
Investment securities held to maturity (fair value of $1,385 at June 30, 2019 and $1,292 at December 31, 2018)	1,139	1,113
Total investment securities	30,580	32,391
Loans held for sale	823	419
Loans, net of unearned income	1,309,139	1,241,157
Less: Allowance for loan losses	(20,290)	(19,075)
Net loans	1,288,849	1,222,082
Accrued interest receivable	5,258	5,191
Premises and equipment, net	6,832	6,783
Other real estate owned (OREO)	4,236	5,124
Restricted stock, at cost	6,090	5,858
Bank owned life insurance (BOLI)	26,106	25,809
Deferred tax asset	6,321	6,511
Other assets	6,906	2,759
Total Assets	1,549,794	1,467,398
Deposits
Noninterest-bearing deposits	341,179	360,329
Interest-bearing deposits	908,408	823,544
Total deposits	1,249,587	1,183,873
FHLBNY borrowings	104,650	104,650
Subordinated debentures	13,403	13,403
Accrued interest payable	1,792	1,390
Other liabilities	13,107	9,086
Total liabilities	1,382,539	1,312,402
Equity
Preferred stock,1,000,000 shares authorized, $1,000 liquidation value Series B non-cumulative convertible; 550 shares and 1,224 shares outstanding at June 30, 2019 and December 31, 2018, respectively	550	1,224
Common stock, $.10 par value; authorized 15,000,000 shares; Issued: 11,049,230 shares at June 30, 2019 and 10,953,081 shares at December 31, 2018	1,105	1,095
Additional paid-in capital	113,613	112,807
Retained earnings	53,362	42,079
Accumulated other comprehensive loss	(54)	(633)
Treasury stock, 284,522 shares at June 30, 2019 and December 31, 2018, at cost	(3,015)	(3,015)
Total shareholders’ equity	165,561	153,557
Noncontrolling interest in consolidated subsidiaries	1,694	1,439
Total equity	167,255	154,996
Total liabilities and equity	$ 1,549,794	$ 1,467,398