CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 10,669	$ 27,165
Interest bearing deposits with banks	116,071	154,985
Cash and cash equivalents	126,740	182,150
Investment securities available for sale, at fair value	7,271	9,366
Investment securities held to maturity (fair value of $7,285 at September 30, 2023 and $7,805 at December 31, 2022)	9,319	9,378
Total investment securities	16,590	18,744
Loans, net of unearned income	1,800,023	1,751,459
Less: Allowance for credit losses	(32,319)	(31,845)
Net loans	1,767,704	1,719,614
Accrued interest receivable	8,267	8,768
Premises and equipment, net	5,665	5,958
Restricted stock	7,025	5,439
Bank owned life insurance (BOLI)	28,587	28,144
Deferred tax asset	9,940	9,184
Other real estate owned (OREO)	1,550	1,550
Other	11,604	5,364
Total assets	1,983,672	1,984,915
Deposits
Noninterest-bearing deposits	231,116	352,546
Interest-bearing deposits	1,301,865	1,223,435
Total deposits	1,532,981	1,575,981
FHLBNY borrowings	111,150	83,150
Subordinated debentures	43,063	42,921
Accrued interest payable	3,843	2,664
Other	14,656	14,165
Total liabilities	1,705,693	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 September 30, 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 September 30, 2023 and December 31, 2022, respectively	1,223	1,223
Additional paid-in capital	136,547	136,201
Retained earnings	143,422	131,706
Accumulated other comprehensive loss	(643)	(526)
Treasury stock, 284,522 shares at September 30, 2023 and December 31, 2022, at cost	(3,015)	(3,015)
Total shareholders’ equity	277,979	266,034
Total liabilities and shareholders' equity	$ 1,983,672	$ 1,984,915