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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income:        
Residential mortgage loans $ 58,268 $ 69,158 $ 185,516 $ 222,994
Multi-family and commercial real estate mortgage loans 45,693 41,450 132,430 120,463
Consumer and other loans 2,157 2,175 6,328 6,611
Mortgage-backed and other securities 14,528 13,247 42,321 36,003
Interest-earning cash accounts 83 67 232 192
Federal Home Loan Bank of New York stock 1,486 1,498 4,777 5,147
Total interest income 122,215 127,595 371,604 391,410
Interest expense:        
Deposits 12,804 15,156 38,856 48,166
Borrowings 24,791 26,235 74,384 88,107
Total interest expense 37,595 41,391 113,240 136,273
Net interest income 84,620 86,204 258,364 255,137
Provision for loan losses (credited) charged to operations (3,042) 2,541 (7,153) 16,193
Net interest income after provision for loan losses 87,662 83,663 265,517 238,944
Non-interest income:        
Customer service fees 9,183 9,550 27,233 27,718
Other loan fees 591 598 1,846 1,588
Gain on sales of securities 141   141 2,057
Mortgage banking income, net 1,252 1,888 2,662 10,060
Income from bank owned life insurance 2,150 1,972 6,278 6,211
Other 436 1,301 3,107 4,535
Total non-interest income 13,753 15,309 41,267 52,169
General and administrative:        
Compensation and benefits 34,191 33,879 101,994 99,262
Occupancy, equipment and systems 18,048 17,022 54,015 53,669
Federal deposit insurance premium 6,558 9,166 22,404 28,359
Advertising 5,023 2,074 9,173 6,225
Extinguishment of debt       4,266
Other 8,531 10,393 26,581 26,701
Total non-interest expense 72,351 72,534 214,167 218,482
Income before income tax expense 29,064 26,438 92,617 72,631
Income tax expense 10,256 9,514 19,960 26,190
Net income 18,808 16,924 72,657 46,441
Preferred stock dividends 2,194 2,194 6,582 5,021
Net income available to common shareholders $ 16,614 $ 14,730 $ 66,075 $ 41,420
Basic earnings per common share (in dollars per share) $ 0.17 $ 0.15 $ 0.66 $ 0.42
Diluted earnings per common share (in dollars per share) $ 0.17 $ 0.15 $ 0.66 $ 0.42
Basic weighted average common shares outstanding (in shares) 98,453,265 97,199,329 98,279,671 96,967,052
Diluted weighted average common shares outstanding (in shares) 98,453,265 97,199,329 98,279,671 96,967,052