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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest income:      
Residential mortgage loans $ 372,478 $ 433,951 $ 529,319
Multi-family and commercial real estate mortgage loans 149,694 162,433 196,541
Consumer and other loans 9,258 9,889 10,572
Mortgage-backed and other securities 61,757 82,055 109,206
Repurchase agreements and interest-earning cash accounts 338 237 390
Federal Home Loan Bank of New York stock 6,984 6,683 9,271
Total interest income 600,509 695,248 855,299
Interest expense:      
Deposits 98,021 138,049 191,015
Borrowings 154,219 181,773 230,717
Total interest expense 252,240 319,822 421,732
Net interest income 348,269 375,426 433,567
Provision for loan losses 40,400 37,000 115,000
Net interest income after provision for loan losses 307,869 338,426 318,567
Non-interest income:      
Customer service fees 39,520 46,135 51,229
Other loan fees 2,640 3,160 3,452
Gain on sales of securities 8,477    
Mortgage banking income, net 6,820 4,413 6,222
Income from bank owned life insurance 9,439 10,257 8,683
Other 6,339 4,950 11,602
Total non-interest income 73,235 68,915 81,188
General and administrative:      
Compensation and benefits 139,140 151,149 141,539
Occupancy, equipment and systems 67,406 65,182 65,498
Federal deposit insurance premiums 47,363 38,083 25,728
Advertising 6,392 7,842 6,466
Other 39,832 39,161 45,687
Total non-interest expense 300,133 301,417 284,918
Income before income tax expense 80,971 105,924 114,837
Income tax expense 27,880 38,715 41,103
Net income $ 53,091 $ 67,209 $ 73,734
Basic earnings per common share (in dollars per share) $ 0.55 $ 0.70 $ 0.78
Diluted earnings per common share (in dollars per share) $ 0.55 $ 0.70 $ 0.78
Basic weighted average common shares (in shares) 95,455,344 93,253,928 91,776,907
Diluted weighted average common and common equivalent shares (in shares) 95,455,344 93,253,928 91,776,941