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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Interest income:    
Residential mortgage loans $ 80,207 $ 99,292
Multi-family and commercial real estate mortgage loans 38,623 36,470
Consumer and other loans 2,228 2,341
Mortgage-backed and other securities 10,899 18,021
Interest-earning cash accounts 55 53
Federal Home Loan Bank of New York stock 2,029 1,602
Total interest income 134,041 157,779
Interest expense:    
Deposits 17,321 29,427
Borrowings 32,688 40,156
Total interest expense 50,009 69,583
Net interest income 84,032 88,196
Provision for loan losses 9,126 10,000
Net interest income after provision for loan losses 74,906 78,196
Non-interest income:    
Customer service fees 9,046 10,482
Other loan fees 522 887
Gain on sales of securities   2,477
Mortgage banking income, net 4,776 1,355
Income from bank owned life insurance 2,136 2,423
Other 1,798 1,943
Total non-interest income 18,278 19,567
General and administrative:    
Compensation and benefits 31,998 42,160
Occupancy, equipment and systems 19,785 16,724
Federal deposit insurance premiums 10,184 11,203
Advertising 1,340 1,834
Other 8,244 10,280
Total non-interest expense 71,551 82,201
Income before income tax expense 21,633 15,562
Income tax expense 7,781 5,566
Net income $ 13,852 $ 9,996
Basic earnings per common share (in dollars per share) $ 0.14 $ 0.11
Diluted earnings per common share (in dollars per share) $ 0.14 $ 0.11
Basic weighted average common shares (in shares) 96,674,729 95,018,867
Diluted weighted average common and common equivalent shares (in shares) 96,674,729 95,018,867