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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest income:      
Residential mortgage loans $ 289,790 $ 372,478 $ 433,951
Multi-family and commercial real estate mortgage loans 163,352 149,694 162,433
Consumer and other loans 8,797 9,258 9,889
Mortgage-backed and other securities 49,563 61,757 82,055
Repurchase agreements and interest-earning cash accounts 263 338 237
Federal Home Loan Bank of New York stock 6,665 6,984 6,683
Total interest income 518,430 600,509 695,248
Interest expense:      
Deposits 62,617 98,021 138,049
Borrowings 113,911 154,219 181,773
Total interest expense 176,528 252,240 319,822
Net interest income 341,902 348,269 375,426
Provision for loan losses 19,601 40,400 37,000
Net interest income after provision for loan losses 322,301 307,869 338,426
Non-interest income:      
Customer service fees 36,786 39,520 46,135
Other loan fees 2,230 2,640 3,160
Gain on sales of securities 2,057 8,477  
Mortgage banking income, net 13,241 6,820 4,413
Income from bank owned life insurance 8,404 9,439 10,257
Other 6,854 6,339 4,950
Total non-interest income 69,572 73,235 68,915
General and administrative:      
Compensation and benefits 133,689 139,140 151,149
Occupancy, equipment and systems 70,711 67,406 65,182
Federal deposit insurance premium 37,188 47,363 38,083
Advertising 6,400 6,392 7,842
Extinguishment of debt 4,266 1,212  
Other 35,277 38,620 39,161
Total non-interest expense 287,531 300,133 301,417
Income before income tax expense 104,342 80,971 105,924
Income tax expense 37,749 27,880 38,715
Net income 66,593 53,091 67,209
Preferred stock dividends 7,214    
Net income available to common shareholders $ 59,379 $ 53,091 $ 67,209
Basic earnings per common share (in dollars per share) $ 0.60 $ 0.55 $ 0.70
Diluted earnings per common share (in dollars per share) $ 0.60 $ 0.55 $ 0.70
Basic weighted average common shares outstanding (in shares) 97,121,497 95,455,344 93,253,928
Diluted weighted average common shares outstanding (in shares) 97,121,497 95,455,344 93,253,928