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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest and dividend income      
Interest and fees on loans $ 191,454 $ 197,469 $ 194,317
Interest and dividends on securities:      
Interest 32,121 31,252 34,523
Dividends 811 813 1,130
Other interest income 112 94 91
Total interest and dividend income 224,498 229,628 230,061
Interest expense      
Deposits 48,431 53,655 66,778
Other interest expense 28,292 38,112 48,497
Total interest expense 76,723 91,767 115,275
Net interest income 147,775 137,861 114,786
Provision for loan losses 21,500 21,000 19,500
Net interest income after provision for loan losses 126,275 116,861 95,286
Non-interest income      
Other-than-temporary impairment ("OTTI") charge (9,365) (7,130) (17,454)
Less: Non-credit portion of OTTI charge recorded in Other Comprehensive Income, before taxes 7,787 5,085 11,560
Net OTTI charge recognized in earnings (1,578) (2,045) (5,894)
Loan fee income 1,941 1,695 1,755
Banking services fee income 1,699 1,747 1,755
Net gain on sale of loans held for sale 343   208
Net gain on sale of loans 168 17 4
Net (loss) gain on sale of securities   (10) 1,401
Net gain from fair value adjustments 1,960 47 4,968
Federal Home Loan Bank of New York stock dividends 1,502 2,102 2,237
Bank owned life insurance 2,769 2,638 2,476
Other income 1,477 2,109 2,045
Total non-interest income 10,281 8,300 10,955
Non-interest expense      
Salaries and employee benefits 38,262 34,785 29,934
Occupancy and equipment 7,803 7,246 6,874
Professional services 6,697 6,344 5,716
FDIC deposit insurance 4,378 4,889 6,407
Data processing 4,458 3,996 4,121
Depreciation and amortization of premises and equipment 3,185 2,795 2,663
Other real estate owned / foreclosure expense 2,471 1,194 950
Other operating expenses 10,485 9,136 8,244
Total non-interest expense 77,739 70,385 64,909
Income before income taxes 58,817 54,776 41,332
Provision for income taxes      
Federal 17,749 19,343 12,187
State and local 5,720 (3,402) 3,584
Total provision for income taxes 23,469 15,941 15,771
Net income 35,348 38,835 25,561
Preferred dividends and amortization of issuance costs     4,443
Net income available to common shareholders $ 35,348 $ 38,835 $ 21,118
Basic earnings per common share (in Dollars per share) $ 1.15 $ 1.28 $ 0.91
Diluted earnings per common share (in Dollars per share) $ 1.15 $ 1.28 $ 0.91