two friends smiling while sitting in back of car

As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 6/30/2018 USD 2018 Q2 YTD 6/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 6/30/2018 USD 2018 Q2 YTD 6/30/2018 USD

ASSETS

Cash and amounts due from depository institutions 11,202 11,808 12,121 16,460 23,125
Interest-earning deposits 20,921 120,827 52,917 107,775 157,320
Total cash and cash equivalents 32,123 132,635 65,038 124,235 180,445
Interest-earning time deposits 993 1,238 980 980 980
Securities available for sale 9,768 9,623 94,765 NA NA
Debt securities available for sale NA NA NA 114,295 127,291
Equity investments NA NA NA 8,294 8,134
Loans held for sale 3,325 1,983 4,153 1,295 1,405
Loans receivable, net of allowance for loan losses 1,207,850 1,420,118 1,485,159 1,643,677 2,119,829
Federal Home Loan Bank of New York stock, at cost 8,830 10,711 9,306 10,211 16,744
Premises and equipment, net 14,295 15,727 19,382 18,768 21,055
Accrued interest receivable 4,454 5,595 5,573 6,153 7,563
Other real estate owned 3,485 1,564 3,525 532 1,178
Deferred income taxes 9,703 9,881 9,953 5,144 11,451
Goodwill NA NA NA 0 5,281
Other assets 7,074 9,331 10,374 9,253 15,208
Total Assets 1,301,900 1,618,406 1,708,208 1,942,837 2,516,564

LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES

Non-interest bearing deposits 127,308 130,920 183,821 201,043 229,292
Interest bearing deposits 901,248 1,143,009 1,208,384 1,368,327 1,755,584
Total deposits 1,028,556 1,273,929 1,392,205 1,569,370 1,984,876
Short-term debt 26,000 0 20,000 NA NA
FHLB advances 133,000 200,000 155,000 185,000 320,005
Subordinated debentures 4,124 4,124 4,124 4,124 4,124
Other liabilities and accrued interest payable 7,968 6,809 5,798 7,889 13,483
Total Liabilities 1,199,648 1,484,862 1,577,127 1,766,383 2,322,488

STOCKHOLDERS' EQUITY

Preferred stock 0 0 0 0 0
Additional paid-in capital preferred stock 13,326 17,174 15,464 13,241 19,706
Common stock 699 0 0 0 0
Additional paid-in capital common stock 92,686 119,682 120,417 164,230 175,716
Retained earnings 25,983 27,382 28,159 31,241 33,570
Accumulated other comprehensive (loss) (1,337) (1,598) (3,856) (3,142) (5,800)
Treasury stock (29,105) (29,096) (29,103) (29,116) (29,116)
Total Stockholders' Equity 102,252 133,544 131,081 176,454 194,076
Total Liabilities and Stockholders' Equity 1,301,900 1,618,406 1,708,208 1,942,837 2,516,564
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.