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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income:    
Residential mortgage loans $ 44,060 $ 47,375
Multi-family and commercial real estate mortgage loans 43,406 46,805
Consumer and other loans 2,292 2,372
Mortgage-backed and other securities 18,000 16,904
Interest-earning cash accounts 161 120
Federal Home Loan Bank of New York stock 1,794 1,421
Total interest income 109,713 114,997
Interest expense:    
Deposits 6,359 7,462
Borrowings 23,239 24,283
Total interest expense 29,598 31,745
Net interest income 80,115 83,252
Provision for loan losses credited to operations (2,486) (3,127)
Net interest income after provision for loan losses 82,601 86,379
Non-interest income:    
Customer service fees 6,609 6,988
Other loan fees 595 534
Gain on sales of securities 0 86
Mortgage banking income (loss), net 1,294 (37)
Income from bank owned life insurance 2,152 2,289
Other 1,224 1,541
Total non-interest income 11,874 11,401
General and administrative:    
Compensation and benefits 36,997 38,253
Occupancy, equipment and systems 20,212 19,391
Federal deposit insurance premium 2,298 3,530
Advertising 589 1,453
Other 11,868 6,895
Total non-interest expense 71,964 69,522
Income before income tax expense 22,511 28,258
Income tax expense 8,104 9,693
Net income 14,407 18,565
Preferred stock dividends 2,194 2,194
Net income available to common shareholders $ 12,213 $ 16,371
Basic earnings per common share (in dollars per share) $ 0.12 $ 0.16
Diluted earnings per common share (in dollars per share) $ 0.12 $ 0.16
Basic weighted average common shares outstanding 100,585,603 100,368,931
Diluted weighted average common shares outstanding 100,585,603 100,368,931