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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income per the Consolidated Statements of operations $ 21,778 $ 23,418
Adjustments to reconcile net income to net cash provided by operating activities:    
Net (gain) loss on sale of loans originated for sale (8) 14
Net gain on sale of investment securities available-for-sale (44) 0
Net gain on trading securities (70) (53)
Net depreciation and amortization 678 1,526
ESOP compensation expense 542 561
Stock plan compensation (excluding ESOP) 1,206 1,059
Provision for loan losses 3,732 3,088
Credit to reduce the liability for loans sold with recourse (967) 0
OTTI charge for investment securities recognized in earnings 181 637
Income from bank owned life insurance (841) (914)
Deferred income tax credit (137) (718)
Excess tax benefit of stock plans (189) (305)
Changes in assets and liabilities:    
Origination of loans held for sale (2,061) (3,050)
Proceeds from sale of loans held for sale 5,748 6,448
Decrease in other assets 1,009 3,341
Increase (decrease) in other liabilities 1,952 (1,568)
Net cash provided by operating activities 32,509 33,484
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from principal repayments of investment securities held-to-maturity 818 81
Proceeds from maturities of investment securities available-for-sale 0 0
Proceeds from calls and principal repayments of investment securities available-for-sale 150,320 94,000
Proceeds from sales of investment securities available-for-sale 313 0
Proceeds from sales of trading securities 171 0
Purchases of investment securities available-for-sale (80,086) (172,910)
Purchases of mortgage backed securities available-for-sale (23,186) 0
Purchases of trading securities (1,681) (286)
Principal collected on mortgage backed securities available-for-sale 21,513 26,573
Purchases of loans (8,968) (29,951)
Proceeds from the sale of portfolio loans 19,244 15,040
Net decrease in loans 93,398 58,459
Purchases of fixed assets, net (938) (2,506)
Redemption of FHLBNY capital stock 7,403 2,229
Net cash provided by (used in) investing activities 178,321 (9,271)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in due to depositors 11,997 65,391
Net increase in escrow and other deposits 33,333 20,924
Decrease in REPOS (40,000) 0
Repayment of FHLBNY advances (162,275) (50,750)
Cash dividends paid (9,563) (9,417)
Exercise of stock options 813 1,802
BMP award distribution 0 21
Excess tax benefit of stock plans 189 305
Net cash (used in) provided by financing activities (165,506) 28,276
INCREASE IN CASH AND DUE FROM BANKS 45,324 52,489
CASH AND DUE FROM BANKS, BEGINNING OF PERIOD 44,260 90,729
CASH AND DUE FROM BANKS, END OF PERIOD 89,584 143,218
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 15,216 13,718
Cash paid for interest 34,366 36,591
Loans transferred to held for sale 1,000 0
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity 142 58
Net decrease in non-credit component of OTTI (3) (1,254)
Adjustments to other comprehensive income from defined benefit plans, net of tax $ 312 $ 27