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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 46,441 $ 36,175
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization on loans 16,966 20,081
Net amortization on securities and borrowings 13,084 11,919
Net provision for loan and real estate losses 17,135 31,995
Depreciation and amortization 8,653 8,906
Net gain on sales of loans and securities (8,595) (9,874)
Net (gain) loss on dispositions of premises and equipment (4) 62
Other asset impairment charges 89 457
Originations of loans held-for-sale (229,041) (268,766)
Proceeds from sales and principal repayments of loans held-for-sale 295,076 264,432
Stock-based compensation and allocation of ESOP stock 13,121 10,771
Decrease in accrued interest receivable 2,038 180
Mortgage servicing rights amortization and valuation allowance adjustments, net (512) 3,996
Bank owned life insurance income and insurance proceeds received, net (3,027) (6,152)
Decrease in other assets 31,534 76,824
(Decrease) increase in accrued expenses and other liabilities (13,902) 6,743
Net cash provided by operating activities 189,056 187,749
Cash flows from investing activities:    
Originations of loans receivable (1,782,858) (2,741,316)
Loan purchases through third parties (348,550) (850,905)
Principal payments on loans receivable 2,724,868 3,212,449
Proceeds from sales of delinquent and non-performing loans 18,501 21,631
Purchases of securities held-to-maturity (828,835) (533,031)
Purchases of securities available-for-sale (221,080) (208,195)
Principal payments on securities held-to-maturity 602,321 699,899
Principal payments on securities available-for-sale 86,270 166,554
Proceeds from sales of securities available-for-sale 41,640 54,318
Net redemptions (purchases) of Federal Home Loan Bank of New York stock 17,977 (50,165)
Redemption of Astoria Capital Trust I common securities 3,866  
Proceeds from sales of real estate owned, net 29,560 48,235
Purchases of premises and equipment (6,142) (5,899)
Proceeds from sales of premises and equipment 50  
Net cash provided by (used in) investing activities 337,588 (186,425)
Cash flows from financing activities:    
Net decrease in deposits (383,584) (706,732)
Net increase in borrowings with original terms of three months or less 189,000 684,000
Proceeds from borrowings with original terms greater than three months   950,000
Repayments of borrowings with original terms greater than three months (453,866) (944,000)
Cash payments for debt issuance costs   (2,643)
Net increase in mortgage escrow funds 24,147 21,236
Proceeds from issuance of preferred stock 135,000  
Cash payments for preferred stock issuance costs (5,204)  
Cash dividends paid to stockholders (14,577) (20,249)
Net tax benefit shortfall from stock-based compensation (1,296) (2,067)
Net cash used in financing activities (510,380) (20,455)
Net increase (decrease) in cash and cash equivalents 16,264 (19,131)
Cash and cash equivalents at beginning of period 121,473 132,704
Cash and cash equivalents at end of period 137,737 113,573
Supplemental disclosures:    
Interest paid 137,551 197,198
Income taxes paid 13,455 5,524
Additions to real estate owned 36,962 33,496
Loans transferred to held-for-sale $ 15,642 $ 1,982