CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 21,472	$ 27,165
Interest bearing deposits with banks	124,502	154,985
Cash and cash equivalents	145,974	182,150
Investment securities available for sale, at fair value	8,977	9,366
Investment securities held to maturity (fair value of $7,966 at March 31, 2023 and $7,805 at December 31, 2022)	9,359	9,378
Total investment securities	18,336	18,744
Loans, net of unearned income	1,762,696	1,751,459
Less: Allowance for credit losses	(31,507)	(31,845)
Net loans	1,731,189	1,719,614
Accrued interest receivable	8,930	8,768
Premises and equipment, net	5,842	5,958
Restricted stock	9,129	5,439
Bank owned life insurance (BOLI)	28,288	28,145
Deferred tax asset	9,878	9,184
Other real estate owned (OREO)	1,673	1,550
Other	5,006	5,363
Total assets	1,964,245	1,984,915
Deposits
Noninterest-bearing deposits	277,128	352,546
Interest-bearing deposits	1,186,666	1,223,435
Total deposits	1,463,794	1,575,981
FHLBNY borrowings	165,150	83,150
Subordinated debentures	42,969	42,921
Accrued interest payable	3,143	2,664
Other	16,083	14,165
Total liabilities	1,691,139	1,718,881
Shareholders' Equity
Preferred stock, 1,000,000 shares authorized, $1,000 liquidation value Series B non-cumulative convertible; 445 shares outstanding at March 31, 2023 and December 31, 2022	445	445
Common stock, $0.10 par value; authorized 15,000,000 shares; Issued: 12,231,193 shares and 12,225,097 shares at March 31, 2023 and December 31, 2022, respectively	1,223	1,223
Additional paid-in capital	136,341	136,201
Retained earnings	138,577	131,706
Accumulated other comprehensive loss	(465)	(526)
Treasury stock, 284,522 shares at March 31, 2023 and Dec. 31, 2022, at cost	(3,015)	(3,015)
Total shareholders’ equity	273,106	266,034
Total liabilities and shareholders' equity	$ 1,964,245	$ 1,984,915