CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 12,501	$ 9,619
Overnight deposits	569,927	381,104
Total cash and cash equivalents	582,428	390,723
Investment securities available for sale, at fair value	199,854	234,942
Investment securities held to maturity (estimated fair value of $3,588 and $3,712 at March 31, 2020 and December 31, 2019 respectively)	3,520	3,722
Equity investment securities	2,272	2,224
Total securities	205,646	240,888
Other investments	21,455	21,437
Loans, net of deferred fees and unamortized costs	2,766,099	2,672,949
Allowance for loan losses	(30,924)	(26,272)
Net loans	2,735,175	2,646,677
Receivable from prepaid card programs, net	20,861	10,078
Accrued interest receivable	9,108	8,862
Premises and equipment, net	14,917	12,100
Prepaid expenses and other assets	10,855	11,406
Goodwill	9,733	9,733
Accounts receivable, net	1,834	5,668
Total assets	3,612,012	3,357,572
Deposits:
Noninterest-bearing demand deposits	1,250,584	1,090,479
Interest-bearing deposits	1,771,108	1,700,295
Total deposits	3,021,692	2,790,774
Federal Home Loan Bank of New York advances	144,000	144,000
Trust preferred securities	20,620	20,620
Subordinated debt, net of issuance cost	24,615	24,601
Secured borrowing	41,697	42,972
Accounts payable, accrued expenses and other liabilities	26,234	23,556
Accrued interest payable	1,146	1,229
Prepaid third-party debit cardholder balances	23,472	10,696
Total liabilities	3,303,476	3,058,448
Stockholders' equity:
Common stock, $0.01 par value, 25,000,000 shares authorized, 8,294,801 and 8,312,918 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	82	82
Additional paid in capital	216,701	216,468
Retained earnings	87,461	81,364
Accumulated other comprehensive gain, net of tax effect	4,289	1,207
Total stockholders’ equity	308,536	299,124
Total liabilities and stockholders’ equity	3,612,012	3,357,572
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 March 31, 2020 and December 31, 2019	3	3
Total stockholders’ equity	$ 3	$ 3