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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 9,115 $ 9,246
Overnight deposits 424,276 223,704
Total cash and cash equivalents 433,391 232,950
Investment securities available for sale, at fair value 130,755 30,439
Investment securities held to maturity (estimated fair value of $4,120 and $4,403 at June 30, 2019 and December 31, 2018 respectively) 4,161 4,571
Marketable equity investments, at fair value 2,193 2,110
Total securities 137,109 37,120
Other investments 22,972 22,287
Loans, net of deferred fees and unamortized costs 2,335,573 1,865,216
Allowance for loan losses (22,715) (18,942)
Net loans 2,312,858 1,846,274
Receivable from prepaid card programs, net 16,533 8,218
Accrued interest receivable 7,795 5,507
Premises and equipment, net 6,626 6,877
Prepaid expenses and other assets 10,967 8,158
Goodwill 9,733 9,733
Accounts receivable, net 2,629 5,520
Total assets 2,960,613 2,182,644
Deposits:    
Noninterest-bearing demand deposits 1,103,278 798,563
Interest-bearing deposits 1,272,844 861,991
Total deposits 2,376,122 1,660,554
Federal Home Loan Bank of New York advances 190,000 185,000
Trust preferred securities 20,620 20,620
Subordinated debt, net of issuance cost 24,573 24,545
Accounts payable, accrued expenses and other liabilities 26,203 18,439
Due to brokers 24,513  
Accrued interest payable 1,535 1,282
Prepaid third-party debit cardholder balances 15,717 7,687
Total liabilities 2,679,283 1,918,127
Stockholders' equity:    
Common stock, $0.01 par value, 25,000,000 shares authorized, 8,320,816 and 8,217,274 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 82 82
Additional paid in capital 214,880 213,490
Retained earnings 65,818 51,415
Accumulated other comprehensive gain (loss), net of tax effect 547 (473)
Total stockholders' equity 281,330 264,517
Total liabilities and stockholders' equity 2,960,613 2,182,644
Class B Preferred Stock    
Stockholders' equity:    
Class B preferred stock, $0.01 par value, authorized 2,000,000 shares, 272,636 issued and outstanding at June 30, 2019 and December 31, 2018 3 3
Total stockholders' equity $ 3 $ 3