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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest income:      
Residential mortgage loans $ 203,950 $ 241,417 $ 289,790
Multi-family and commercial real estate mortgage loans 191,643 178,795 163,352
Consumer and other loans 8,870 8,532 8,797
Mortgage-backed and other securities 62,754 57,065 49,563
Interest-earning cash accounts 418 321 263
Federal Home Loan Bank of New York stock 5,781 6,220 6,665
Total interest income 473,416 492,350 518,430
Interest expense:      
Deposits 37,343 51,355 62,617
Borrowings 95,784 98,707 113,911
Total interest expense 133,127 150,062 176,528
Net interest income 340,289 342,288 341,902
Provision for loan losses (credited) charged to operations (12,072) (9,469) 19,601
Net interest income after provision for loan losses 352,361 351,757 322,301
Non-interest income:      
Customer service fees 32,833 35,710 36,786
Other loan fees 2,284 2,493 2,230
Gain on sales of securities 72 141 2,057
Mortgage banking income, net 4,222 3,326 13,241
Income from bank owned life insurance 8,878 8,476 8,404
Other 6,307 4,702 6,854
Total non-interest income 54,596 54,848 69,572
General and administrative:      
Compensation and benefits 152,924 138,177 133,689
Occupancy, equipment and systems 76,801 71,948 70,711
Federal deposit insurance premium 16,421 26,179 37,188
Advertising 10,052 12,450 6,400
Extinguishment of debt 0 0 4,266
Other 32,885 35,656 35,277
Total non-interest expense 289,083 284,410 287,531
Income before income tax expense 117,874 122,195 104,342
Income tax expense 29,799 26,279 37,749
Net income 88,075 95,916 66,593
Preferred stock dividends 8,775 8,775 7,214
Net income available to common shareholders $ 79,300 $ 87,141 $ 59,379
Basic earnings per common share (in dollars per share) $ 0.79 $ 0.88 $ 0.60
Diluted earnings per common share (in dollars per share) $ 0.79 $ 0.88 $ 0.60
Basic weighted average common shares outstanding (in shares) 99,612,473 98,384,443 97,121,497
Diluted weighted average common shares outstanding (in shares) 99,969,838 98,384,443 97,121,497