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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income:        
Residential mortgage loans $ 73,629 $ 95,454 $ 153,836 $ 194,746
Multi-family and commercial real estate mortgage loans 40,390 36,491 79,013 72,961
Consumer and other loans 2,208 2,294 4,436 4,635
Mortgage-backed and other securities 11,857 16,971 22,756 34,992
Interest-earning cash accounts 70 47 125 100
Federal Home Loan Bank of New York stock 1,620 1,553 3,649 3,155
Total interest income 129,774 152,810 263,815 310,589
Interest expense:        
Deposits 15,689 26,933 33,010 56,360
Borrowings 29,184 39,208 61,872 79,364
Total interest expense 44,873 66,141 94,882 135,724
Net interest income 84,901 86,669 168,933 174,865
Provision for loan losses 4,526 10,000 13,652 20,000
Net interest income after provision for loan losses 80,375 76,669 155,281 154,865
Non-interest income:        
Customer service fees 9,122 9,511 18,168 19,993
Other loan fees 468 505 990 1,392
Gain on sales of securities 2,057   2,057 2,477
Mortgage banking income, net 3,396 1,777 8,172 3,132
Income from bank owned life insurance 2,103 2,204 4,239 4,627
Other 1,436 1,454 3,234 3,397
Total non-interest income 18,582 15,451 36,860 35,018
General and administrative:        
Compensation and benefits 33,385 32,142 65,383 74,302
Occupancy, equipment and systems 16,862 16,510 36,647 33,234
Federal deposit insurance premiums 9,009 11,864 19,193 23,067
Advertising 2,811 1,979 4,151 3,813
Extinguishment of debt 4,266   4,266  
Other 8,064 9,604 16,308 19,884
Total non-interest expense 74,397 72,099 145,948 154,300
Income before income tax expense 24,560 20,021 46,193 35,583
Income tax expense 8,895 7,197 16,676 12,763
Net income 15,665 12,824 29,517 22,820
Preferred stock dividends 2,827   2,827  
Net income available to common shareholders $ 12,838 $ 12,824 $ 26,690 $ 22,820
Basic earnings per common share (in dollars per share) $ 0.13 $ 0.13 $ 0.27 $ 0.24
Diluted earnings per common share (in dollars per share) $ 0.13 $ 0.13 $ 0.27 $ 0.24
Basic weighted average common shares outstanding (in shares) 97,021,334 95,332,904 96,848,989 95,175,886
Diluted weighted average common shares outstanding (in shares) 97,021,334 95,332,904 96,848,989 95,175,886