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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest and dividend income    
Interest and fees on loans $ 46,560 $ 48,690
Interest and dividends on securities:    
Interest 7,631 8,107
Dividends 207 202
Other interest income 17 27
Total interest and dividend income 54,415 57,026
Interest expense    
Deposits 10,910 12,334
Other interest expense 6,160 7,537
Total interest expense 17,070 19,871
Net interest income 37,345 37,155
Provision for loan losses 6,000 5,000
Net interest income after provision for loan losses 31,345 32,155
Non-interest income    
Other-than-temporary impairment ("OTTI") charge   (3,616)
Less: Non-credit portion of OTTI charge recorded in Other Comprehensive Income, before taxes   2,690
Net OTTI charge recognized in earnings   (926)
Loan fee income 466 434
Banking services fee income 455 461
Net loss from fair value adjustments (448) (655)
Federal Home Loan Bank of New York stock dividends 385 500
Bank owned life insurance 696 667
Other income 324 390
Total non-interest income 1,878 871
Non-interest expense    
Salaries and employee benefits 11,041 10,027
Occupancy and equipment 1,930 1,867
Professional services 1,722 1,599
FDIC deposit insurance 1,017 1,428
Data processing 976 1,005
Depreciation and amortization 834 766
Other real estate owned/foreclosure expense 712 337
Other operating expenses 3,304 2,986
Total non-interest expense 21,536 20,015
Income before income taxes 11,687 13,011
Provision for income taxes    
Federal 3,624 3,912
State and local 934 1,146
Total taxes 4,558 5,058
Net income $ 7,129 $ 7,953
Basic earnings per common share (in Dollars per share) $ 0.23 $ 0.26
Diluted earnings per common share (in Dollars per share) $ 0.23 $ 0.26
Dividends per common share (in Dollars per share) $ 0.13 $ 0.13