SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2018

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Premises and Fixed Assets, Net

Depreciation is computed by the straight-line method over the estimated useful lives of the properties as follows:

Buildings	2.22% to 2.50% per year
Leasehold improvements	Lesser of the useful life of the asset or the remaining non-cancelable terms of the related leases
Furniture, fixtures and equipment	10% per year

Reconciliation of Numerator and Denominator of Basic EPS and Diluted EPS

The following is a reconciliation of the numerator and denominator of basic EPS and diluted EPS for the periods indicated:

	Year Ended December 31,
	2018			2017			2016
Numerator:
Net Income per the Consolidated Statements of Operations	$	51,288		$	51,882		$	72,514
Less: Dividends paid on earnings allocated to participating securities		(160	)		(131	)		(109	)
Income attributable to Common Stock	$	51,128		$	51,751		$	72,405
Weighted average common shares outstanding, including participating securities		37,163,023			37,593,715			36,898,951
Less: weighted average participating securities		(155,553	)		(163,056	)		(186,058	)
Weighted average common shares outstanding		37,007,470			37,430,659			36,712,893
Basic EPS	$	1.38		$	1.38		$	1.97
Income attributable to Common Stock	$	51,128		$	51,751		$	72,405
Weighted average common shares outstanding		37,007,470			37,430,659			36,712,893
Weighted average common equivalent shares outstanding		80,292			79,790			51,193
Weighted average common and equivalent shares outstanding		37,087,762			37,510,449			36,764,086
Diluted EPS	$	1.38		$	1.38		$	1.97