XML 55 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income:        
Residential mortgage loans $ 49,899 $ 58,268 $ 155,236 $ 185,516
Multi-family and commercial real estate mortgage loans 47,979 45,693 144,082 132,430
Consumer and other loans 2,208 2,157 6,640 6,328
Mortgage-backed and other securities 15,816 14,528 46,124 42,321
Interest-earning cash accounts 109 83 305 232
Federal Home Loan Bank of New York stock 1,407 1,486 4,390 4,777
Total interest income 117,418 122,215 356,777 371,604
Interest expense:        
Deposits 8,577 12,804 29,250 38,856
Borrowings 24,107 24,791 71,922 74,384
Total interest expense 32,684 37,595 101,172 113,240
Net interest income 84,734 84,620 255,605 258,364
Provision for loan losses credited to operations (4,439) (3,042) (7,749) (7,153)
Net interest income after provision for loan losses 89,173 87,662 263,354 265,517
Non-interest income:        
Customer service fees 8,322 9,183 25,404 27,233
Other loan fees 637 591 1,743 1,846
Gain on sales of securities 0 141 72 141
Mortgage banking income, net 132 1,252 2,535 2,662
Income from bank owned life insurance 2,222 2,150 6,598 6,278
Other 1,539 436 4,775 3,107
Total non-interest income 12,852 13,753 41,127 41,267
General and administrative:        
Compensation and benefits 38,356 34,191 112,292 101,994
Occupancy, equipment and systems 18,962 18,048 57,600 54,015
Federal deposit insurance premium 4,163 6,558 12,699 22,404
Advertising 2,784 5,023 7,849 9,173
Other 8,324 8,531 24,137 26,581
Total non-interest expense 72,589 72,351 214,577 214,167
Income before income tax expense 29,436 29,064 89,904 92,617
Income tax expense 10,530 10,256 20,260 19,960
Net income 18,906 18,808 69,644 72,657
Preferred stock dividends 2,194 2,194 6,582 6,582
Net income available to common shareholders $ 16,712 $ 16,614 $ 63,062 $ 66,075
Basic earnings per common share (in dollars per share) $ 0.17 $ 0.17 $ 0.63 $ 0.66
Diluted earnings per common share (in dollars per share) $ 0.17 $ 0.17 $ 0.63 $ 0.66
Basic weighted average common shares outstanding (in shares) 99,700,759 98,453,265 99,540,721 98,279,671
Diluted weighted average common shares outstanding (in shares) 100,067,159 98,453,265 99,907,121 98,279,671