CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 10,176	$ 9,246
Overnight deposits	381,045	223,704
Total cash and cash equivalents	391,221	232,950
Investment securities available for sale, at fair value, substantially restricted	234,942	30,439
Investment securities held to maturity (estimated fair value of $3,712 and $4,403 at December 31, 2019 and 2018, respectively)	3,722	4,571
Equity investments	2,224	2,110
Total securities	240,888	37,120
Other investments	20,939	22,287
Loans, net of deferred fees and unamortized costs	2,672,949	1,865,216
Allowance for loan losses	(26,272)	(18,942)
Net loans	2,646,677	1,846,274
Receivable from prepaid card programs, net	10,078	8,218
Accrued interest receivable	8,862	5,507
Premises and equipment, net	12,100	6,877
Prepaid expenses and other assets	11,406	8,158
Goodwill	9,733	9,733
Accounts receivable, net	5,668	5,520
Total assets	3,357,572	2,182,644
Deposits:
Noninterest-bearing demand deposits	1,090,479	798,563
Interest-bearing deposits	1,700,295	861,991
Total deposits	2,790,774	1,660,554
Federal Home Loan Bank of New York advances	144,000	185,000
Trust preferred securities	20,620	20,620
Subordinated debt, net of issuance cost	24,601	24,545
Secured borrowings	42,972
Accounts payable, accrued expenses and other liabilities	23,556	18,439
Accrued interest payable	1,229	1,282
Prepaid third-party debit cardholder balances	10,696	7,687
Total liabilities	3,058,448	1,918,127
Commitments and Contingencies (See Note 11)
Stockholders' equity:
Common stock, $0.01 par value, 25,000,000 shares authorized, 8,312,918 and 8,217,274 shares issued and outstanding at December 31, 2019 and 2018, respectively	82	82
Additional paid in capital	216,468	213,490
Retained earnings	81,364	51,415
Accumulated other comprehensive loss, net of tax effect	1,207	(473)
Total stockholders’ equity	299,124	264,517
Total liabilities and stockholders’ equity	3,357,572	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 December 31, 2019 and 2018	3	3
Total stockholders’ equity	$ 3	$ 3