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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 53,849 $ 29,517
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization on loans 5,678 11,750
Net amortization on securities and borrowings 4,701 9,635
Provision for loan and real estate losses (credited) charged to operations (3,287) 14,437
Depreciation and amortization 5,804 5,786
Net gain on sales of loans and securities (816) (7,587)
Net gain on dispositions of premises and equipment   (15)
Other asset impairment charges   35
Mortgage servicing rights amortization and valuation allowance adjustments, net 1,437 (627)
Originations of loans held-for-sale (40,957) (177,579)
Proceeds from sales and principal repayments of loans held-for-sale 41,650 227,304
Stock-based compensation and allocation of ESOP stock 4,253 8,528
(Increase) decrease in accrued interest receivable (154) 912
Bank owned life insurance income and insurance proceeds received, net (3,045) (1,055)
(Increase) decrease in other assets (54) 646
Increase (decrease) in accrued expenses and other liabilities 5,461 (9,130)
Net cash provided by operating activities 74,520 112,557
Cash flows from investing activities:    
Originations of loans receivable (726,125) (1,226,225)
Loan purchases through third parties (72,375) (163,266)
Principal payments on loans receivable 937,327 1,884,516
Proceeds from sales of delinquent and non-performing loans 1,310 14,874
Purchases of securities held-to-maturity (276,388) (646,066)
Purchases of securities available-for-sale   (126,975)
Principal payments on securities held-to-maturity 161,171 445,030
Principal payments on securities available-for-sale 20,194 67,745
Proceeds from sales of securities available-for-sale 0 41,640
Net redemptions of Federal Home Loan Bank of New York stock 1,919 22,456
Redemption of Astoria Capital Trust I common securities   3,866
Proceeds from sales of real estate owned, net 29,314 23,742
Purchases of premises and equipment (4,400) (3,287)
Net cash provided by investing activities 71,947 338,050
Cash flows from financing activities:    
Net decrease in deposits (195,939) (198,626)
Net increase (decrease) in borrowings with original terms of three months or less 163,000 (73,000)
Repayments of borrowings with original terms greater than three months (100,000) (278,866)
Net increase in mortgage escrow funds 18,228 13,615
Proceeds from sales of treasury stock 4,064  
Proceeds from issuance of preferred stock   135,000
Cash payments for preferred stock issuance costs   (5,111)
Cash dividends paid to stockholders (12,335) (7,835)
Net tax benefit shortfall from stock-based compensation   (1,326)
Net cash used in financing activities (122,982) (416,149)
Net increase in cash and cash equivalents 23,485 34,458
Cash and cash equivalents at beginning of period 121,950 121,473
Cash and cash equivalents at end of period 145,435 155,931
Supplemental disclosures:    
Interest paid 75,519 98,884
Income taxes paid 6,741 9,521
Additions to real estate owned 31,646 17,749
Loans transferred to held-for-sale $ 187,769 $ 14,684