XML 95 R80.htm IDEA: XBRL DOCUMENT v3.19.1
INCOME TAXES (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Current Income Tax Expense (Benefit) [Abstract]                      
Federal                 $ 12,226 $ 20,818 $ 42,834
State and City                 4,008 5,523 17,026
Current Income Tax Expense (Benefit), Total                 16,234 26,341 59,860
Deferred Income Tax Expense (Benefit) [Abstract]                      
Federal                 (554) 8,334 702
State and City                 (253) 2,181 395
Deferred Income Tax Expense (Benefit), Total                 (807) 10,515 1,097
Federal, Total                 11,672 29,152 43,536
State and City, Total                 3,755 7,704 17,421
Income Tax Expense (Benefit), Total $ 3,183 $ 3,547 $ 4,110 $ 4,587 $ 15,442 $ 7,230 $ 7,295 $ 6,889 15,427 36,856 60,957
Income Tax Reconciliation [Abstract]                      
Tax at Federal statutory rate                 14,010 31,058 46,715
State and local taxes, net of federal income tax benefit                 2,967 5,008 11,323
ESOP acceleration expense                 0 0 3,962
Benefit plan differences                 (312) (535) (54)
Adjustments for prior period returns and tax items                 (693) 84 (13)
Investment in BOLI                 (605) (776) (957)
Enactment of federal tax reform                 0 3,135 0
Equity based compensation                 (128) (1,283) 0
Other, net                 188 165 (19)
Income Tax Expense (Benefit), Total 3,183 $ 3,547 $ 4,110 $ 4,587 15,442 $ 7,230 $ 7,295 $ 6,889 $ 15,427 $ 36,856 $ 60,957
Effective tax rate                 23.12% 41.53% 45.67%
Deferred tax assets [Abstract]                      
Allowance for loan losses 7,071       6,836       $ 7,071 $ 6,836  
Employee benefit plans 6,809       7,148       6,809 7,148  
Tax effect of purchase accounting fair value adjustments 291       307       291 307  
Tax effect of other components of income on investment securities and MBS 948       0       948 0  
Other 2,112       2,135       2,112 2,135  
Total deferred tax assets 17,231       16,426       17,231 16,426  
Deferred tax liabilities [Abstract]                      
Tax effect of other components of income on investment securities, MBS, and interest rate derivatives 827       1,474       827 1,474  
Difference in book and tax carrying value of fixed assets 1,497       20       1,497 20  
Difference in book and tax basis of unearned loan fees 2,986       2,837       2,986 2,837  
Difference in book and tax basis of deferred income from REIT subsidiary 0       2,262       0 2,262  
Other 527       605       527 605  
Total deferred tax liabilities 5,837       7,198       5,837 7,198  
Net deferred tax asset (recorded in other assets) 11,394       9,228       $ 11,394 $ 9,228  
Corporate income tax rate                 21.00% 35.00%  
Recorded tax expense                   $ 3,135  
Valuation allowance of deferred tax assets 0       0       $ 0 0  
Bad debt reserve subject to recapture [Abstract]                      
Accumulated bad debt reserves for which no provision for income tax was required to be recorded 15,158       15,158       15,158 15,158  
Additional income tax expense due to bad debt recapture                 5,042    
Unrecognized tax benefits $ 0       $ 0       $ 0 $ 0