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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income $ 29,517 $ 22,820
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization on loans 11,750 13,591
Net amortization on securities and borrowings 9,635 7,069
Net provision for loan and real estate losses 14,437 21,821
Depreciation and amortization 5,786 5,942
Net gain on sales of loans and securities (7,587) (7,382)
Net (gain) loss on dispositions of premises and equipment (15) 58
Other asset impairment charges 35 223
Originations of loans held-for-sale (177,579) (175,628)
Proceeds from sales and principal repayments of loans held-for-sale 227,304 171,886
Stock-based compensation and allocation of ESOP stock 8,528 7,374
Decrease in accrued interest receivable 912 1,555
Mortgage servicing rights amortization and valuation allowance adjustments, net (627) 2,515
Bank owned life insurance income and insurance proceeds received, net (1,055) (3,705)
Decrease in other assets 4,512 58,705
(Decrease) increase in accrued expenses and other liabilities (9,130) 13,980
Net cash provided by operating activities 116,423 140,824
Cash flows from investing activities:    
Originations of loans receivable (1,226,225) (2,051,521)
Loan purchases through third parties (163,266) (666,513)
Principal payments on loans receivable 1,884,516 2,204,650
Proceeds from sales of delinquent and non-performing loans 14,874 19,734
Purchases of securities held-to-maturity (646,066) (339,611)
Purchases of securities available-for-sale (126,975) (157,480)
Principal payments on securities held-to-maturity 445,030 457,657
Principal payments on securities available-for-sale 67,745 81,953
Proceeds from sales of securities available-for-sale 41,640 54,318
Net redemptions (purchases) of Federal Home Loan Bank of New York stock 22,456 (49,809)
Proceeds from sales of real estate owned, net 23,742 35,918
Purchases of premises and equipment (3,287) (4,308)
Net cash provided by (used in) investing activities 334,184 (415,012)
Cash flows from financing activities:    
Net decrease in deposits (198,626) (531,435)
Net (decrease) increase in borrowings with original terms of three months or less (73,000) 698,000
Proceeds from borrowings with original terms greater than three months   850,000
Repayments of borrowings with original terms greater than three months (278,866) (494,000)
Cash payments for debt issuance costs   (1,548)
Net increase in mortgage escrow funds 13,615 17,876
Proceeds from issuance of preferred stock 135,000  
Cash payments for preferred stock issuance costs (5,111)  
Cash dividends paid to stockholders (7,835) (16,394)
Net tax benefit shortfall from stock-based compensation (1,326) (1,893)
Net cash (used in) provided by financing activities (416,149) 520,606
Net increase in cash and cash equivalents 34,458 246,418
Cash and cash equivalents at beginning of period 121,473 132,704
Cash and cash equivalents at end of period 155,931 379,122
Supplemental disclosures:    
Interest paid 98,884 137,480
Income taxes paid 9,521 1,694
Additions to real estate owned 17,749 21,483
Loans transferred to held-for-sale $ 14,684 $ 1,547