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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income:    
Residential mortgage loans $ 47,375 $ 53,962
Multi-family and commercial real estate mortgage loans 46,805 47,492
Consumer and other loans 2,372 2,190
Mortgage-backed and other securities 16,904 15,070
Interest-earning cash accounts 120 89
Federal Home Loan Bank of New York stock 1,421 1,522
Total interest income 114,997 120,325
Interest expense:    
Deposits 7,462 10,729
Borrowings 24,283 23,875
Total interest expense 31,745 34,604
Net interest income 83,252 85,721
Provision for loan losses credited to operations (3,127) (343)
Net interest income after provision for loan losses 86,379 86,064
Non-interest income:    
Customer service fees 6,988 8,211
Other loan fees 534 553
Gain on sales of securities 86 0
Mortgage banking (loss) income, net (37) 327
Income from bank owned life insurance 2,289 2,197
Other 1,541 1,645
Total non-interest income 11,401 12,933
General and administrative:    
Compensation and benefits 38,253 36,281
Occupancy, equipment and systems 19,391 19,658
Federal deposit insurance premium 3,530 4,201
Advertising 1,453 2,264
Other 6,895 7,708
Total non-interest expense 69,522 70,112
Income before income tax expense 28,258 28,885
Income tax expense 9,693 9,578
Net income 18,565 19,307
Preferred stock dividends 2,194 2,194
Net income available to common shareholders $ 16,371 $ 17,113
Basic earnings per common share (in dollars per share) $ 0.16 $ 0.17
Diluted earnings per common share (in dollars per share) $ 0.16 $ 0.17
Basic weighted average common shares outstanding (in shares) 100,368,931 99,252,031
Diluted weighted average common shares outstanding (in shares) 100,368,931 99,252,031