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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest income:      
Residential mortgage loans $ 181,788 $ 203,950 $ 241,417
Multi-family and commercial real estate mortgage loans 186,910 191,643 178,795
Consumer and other loans 9,614 8,870 8,532
Mortgage-backed and other securities 69,966 62,754 57,065
Interest-earning cash accounts 469 418 321
Federal Home Loan Bank of New York stock 6,126 5,781 6,220
Total interest income 454,873 473,416 492,350
Interest expense:      
Deposits 26,899 37,343 51,355
Borrowings 96,360 95,784 98,707
Total interest expense 123,259 133,127 150,062
Net interest income 331,614 340,289 342,288
Provision for loan losses credited to operations (9,151) (12,072) (9,469)
Net interest income after provision for loan losses 340,765 352,361 351,757
Non-interest income:      
Customer service fees 28,594 32,833 35,710
Other loan fees 2,231 2,284 2,493
Gain on sales of securities 86 72 141
Mortgage banking income, net 3,726 4,222 3,326
Income from bank owned life insurance 9,182 8,878 8,476
Other 7,143 6,307 4,702
Total non-interest income 50,962 54,596 54,848
General and administrative:      
Compensation and benefits 150,820 152,924 138,177
Occupancy, equipment and systems 77,418 76,801 71,948
Federal deposit insurance premium 12,192 16,421 26,179
Advertising 6,495 10,052 12,450
Other 32,545 32,885 35,656
Total non-interest expense 279,470 289,083 284,410
Income before income tax expense 112,257 117,874 122,195
Income tax expense 40,728 29,799 26,279
Net income 71,529 88,075 95,916
Preferred stock dividends 8,775 8,775 8,775
Net income available to common shareholders $ 62,754 $ 79,300 $ 87,141
Basic earnings per common share (in dollars per share) $ 0.62 $ 0.79 $ 0.88
Diluted earnings per common share (in dollars per share) $ 0.62 $ 0.79 $ 0.88
Basic weighted average common shares outstanding (in shares) 100,388,802 99,612,473 98,384,443
Diluted weighted average common shares outstanding (in shares) 100,388,802 99,969,838 98,384,443