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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income:        
Residential mortgage loans $ 69,158 $ 91,490 $ 222,994 $ 286,236
Multi-family and commercial real estate mortgage loans 41,450 38,127 120,463 111,088
Consumer and other loans 2,175 2,309 6,611 6,944
Mortgage-backed and other securities 13,247 14,453 36,003 49,445
Repurchase agreements and interest-earning cash accounts 67 182 192 282
Federal Home Loan Bank of New York stock 1,498 1,773 5,147 4,928
Total interest income 127,595 148,334 391,410 458,923
Interest expense:        
Deposits 15,156 22,119 48,166 78,479
Borrowings 26,235 40,217 88,107 119,581
Total interest expense 41,391 62,336 136,273 198,060
Net interest income 86,204 85,998 255,137 260,863
Provision for loan losses 2,541 9,500 16,193 29,500
Net interest income after provision for loan losses 83,663 76,498 238,944 231,363
Non-interest income:        
Customer service fees 9,550 10,487 27,718 30,480
Other loan fees 598 545 1,588 1,937
Gain on sales of securities     2,057 2,477
Mortgage banking income, net 1,888 2,015 10,060 5,147
Income from bank owned life insurance 1,972 2,446 6,211 7,073
Other 1,301 1,081 4,535 4,478
Total non-interest income 15,309 16,574 52,169 51,592
General and administrative:        
Compensation and benefits 33,879 30,758 99,262 105,060
Occupancy, equipment and systems 17,022 16,758 53,669 49,992
Federal deposit insurance premiums 9,166 12,533 28,359 35,600
Advertising 2,074 1,811 6,225 5,624
Extinguishment of debt   1,212 4,266 1,212
Other 10,393 9,571 26,701 29,455
Total non-interest expense 72,534 72,643 218,482 226,943
Income before income tax expense 26,438 20,429 72,631 56,012
Income tax expense 9,514 7,074 26,190 19,837
Net income 16,924 13,355 46,441 36,175
Preferred stock dividends 2,194   5,021  
Net income available to common shareholders $ 14,730 $ 13,355 $ 41,420 $ 36,175
Basic earnings per common share (in dollars per share) $ 0.15 $ 0.14 $ 0.42 $ 0.38
Diluted earnings per common share (in dollars per share) $ 0.15 $ 0.14 $ 0.42 $ 0.38
Basic weighted average common shares outstanding (in shares) 97,199,329 95,555,816 96,967,052 95,303,453
Diluted weighted average common shares outstanding (in shares) 97,199,329 95,555,816 96,967,052 95,303,453