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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 9,824 $ 9,424
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 1,412 1,406
Allocation of ESOP stock 291 242
Stock awards 429 328
Amortization of servicing asset 594 752
Net premium amortization in excess of discount accretion on securities 1,472 1,912
Net amortization of deferred costs and discounts on loans 35 301
Provision for loan losses 805 1,900
Provision for repurchased loans and loss sharing obligations 0 975
Net gain on sale of other real estate owned (44) (157)
Net gain on sales of investment securities available-for-sale (348) (42)
Net gain on sales of loans (351) (1,536)
Proceeds from sales of mortgage loans held for sale 21,368 69,067
Mortgage loans originated for sale (21,715) (64,228)
Increase in value of Bank Owned Life Insurance (715) (647)
Decrease (increase) in interest and dividends receivable 63 (334)
Increase in other assets 93 884
Decrease in other liabilities (5,271) (171)
Total adjustments (1,882) 10,652
Net cash provided by operating activities 7,942 20,076
Cash flows from investing activities:    
Net (increase) decrease in loans receivable (72,377) 13,823
Purchase of loans receivable (20,574) 0
Purchase of investment securities available-for-sale (651) (27,088)
Purchase of mortgage-backed securities available-for-sale 0 (127,582)
Purchase of mortgage-backed securities held-to-maturity (10,134) 0
Purchase of investment securities held-to-maturity (5,003) 0
Proceeds from maturities of investment securities available-for-sale 10,000 0
Proceeds from the sale of investment securities available-for-sale 1,402 603
Proceeds from maturities of investment securities held-to-maturity 4,350 13,176
Principal repayments on mortgage-backed securities available-for-sale 0 58,874
Principal repayments on mortgage-backed securities held-to-maturity 27,178 0
Increase in Federal Home Loan Bank of New York stock (5,728) (1,829)
Proceeds from sales of other real estate owned 1,173 1,443
Purchases of premises and equipment (2,158) (2,192)
Net cash used in investing activities (72,522) (70,772)
Cash flows from financing activities:    
Decrease in deposits (41,253) (15,925)
(Decrease) increase in short-term borrowings (5,963) 90,650
Proceeds from Federal Home Loan Bank advances 190,000 10,000
Repayments of Federal Home Loan Bank advances (60,000) (46,000)
Increase in advances by borrowers for taxes and insurance 425 421
Exercise of stock options 265 46
Purchase of treasury stock (5,020) (4,512)
Dividends paid (4,065) (4,151)
Tax benefit of stock plans 50 0
Net cash provided by financing activities 74,439 30,529
Net increase (decrease) in cash and due from banks 9,859 (20,167)
Cash and due from banks at beginning of period 33,958 62,544
Cash and due from banks at end of period 43,817 42,377
Supplemental Disclosure of Cash Flow Information:    
Interest 3,229 5,528
Income taxes 6,601 5,461
Non-cash activities:    
Loans charged-off, net 799 1,590
Transfer of loans receivable to other real estate owned $ 1,752 $ 1,496