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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 88,075 $ 95,916 $ 66,593
Adjustments to reconcile net income to net cash provided by operating activities:      
Net amortization on loans 11,625 11,738 20,511
Net amortization on securities and borrowings 8,921 9,021 15,794
Net provision for loan and real estate losses (credited) charged to operations (10,488) (8,113) 20,899
Depreciation and amortization 13,069 11,872 11,566
Net gain on sales of loans and securities (2,070) (1,012) (9,059)
Mortgage servicing rights amortization and valuation allowance adjustments, net 1,739 2,522 (2,172)
Stock-based compensation and allocation of ESOP stock 11,411 8,672 17,976
Deferred income tax (benefit) expense (2,686) 4,811 9,503
Originations of loans held-for-sale (127,746) (105,176) (256,048)
Proceeds from sales and principal repayments of loans held-for-sale 128,537 104,947 325,088
Decrease in accrued interest receivable 1,632 1,298 3,762
Bank owned life insurance income and insurance proceeds received, net (8,878) (7,393) (5,220)
Decrease (increase) in other assets 4,301 (15,218) 41,728
(Decrease) increase in accrued expenses and other liabilities (10,233) 20,191 (28,257)
Net cash provided by operating activities 107,209 134,076 232,664
Cash flows from investing activities:      
Originations of loans receivable (1,446,856) (1,560,090) (2,228,450)
Loan purchases through third parties (229,419) (196,283) (407,532)
Principal payments on loans receivable 2,450,264 1,985,246 3,302,519
Proceeds from sales of delinquent and non-performing loans 7,483 181,295 19,511
Purchases of securities held-to-maturity (685,918) (630,366) (850,716)
Purchases of securities available-for-sale (125,674) (25,479) (221,080)
Principal payments on securities held-to-maturity 515,441 338,691 687,902
Principal payments on securities available-for-sale 70,799 40,906 95,687
Proceeds from sales of securities available-for-sale 19,026 14,447 41,640
Net redemptions of Federal Home Loan Bank of New York stock 9,617 11,453 18,987
Redemption of Astoria Capital Trust I common securities 0 0 3,866
Proceeds from sales of real estate owned, net 22,895 49,089 35,949
Purchases of premises and equipment, net of proceeds from sales (11,225) (10,961) (9,621)
Net cash provided by investing activities 596,433 197,948 488,662
Cash flows from financing activities:      
Net decrease in deposits (398,882) (350,401) (588,648)
Net (decrease) increase in borrowings with original terms of three months or less (394,000) 200,000 317,000
Proceeds from borrowings with original terms greater than three months 470,000 0 0
Repayments of borrowings with original terms greater than three months (300,000) (150,000) (553,866)
Net increase (decrease) in mortgage escrow funds 35 5,942 (3,643)
Proceeds from sales of treasury stock 6,168 8,121 0
Cost to repurchase common stock (6,869) 0 0
Proceeds from issuance of preferred stock 0 0 135,000
Cash payments for preferred stock issuance costs 0 0 (5,204)
Cash dividends paid to stockholders (24,856) (24,643) (20,688)
Net tax benefit excess (shortfall) from stock-based compensation 2,115 192 (800)
Net cash used in financing activities (646,289) (310,789) (720,849)
Net increase in cash and cash equivalents 57,353 21,235 477
Cash and cash equivalents at beginning of year 143,185 121,950 121,473
Cash and cash equivalents at end of year 200,538 143,185 121,950
Supplemental disclosures:      
Interest paid 132,687 150,026 180,871
Income taxes paid 35,925 21,658 28,820
Additions to real estate owned 8,554 43,532 51,360
Loans transferred to held-for-sale $ 8,948 $ 190,594 $ 16,605