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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest and dividend income      
Interest and fees on loans $ 181,486 $ 191,454 $ 197,469
Interest and dividends on securities:      
Interest 31,306 32,121 31,252
Dividends 855 811 813
Other interest income 67 112 94
Total interest and dividend income 213,714 224,498 229,628
Interest expense      
Deposits 40,382 48,431 53,655
Other interest expense 22,893 28,292 38,112
Total interest expense 63,275 76,723 91,767
Net interest income 150,439 147,775 137,861
Provision for loan losses 21,000 21,500 21,000
Net interest income after provision for loan losses 129,439 126,275 116,861
Non-interest income      
Other-than-temporary impairment ("OTTI") charge (3,138) (9,365) (7,130)
Less: Non-credit portion of OTTI charge recorded in      
Other Comprehensive Income, before taxes 2,362 7,787 5,085
Net OTTI charge recognized in earnings (776) (1,578) (2,045)
Loan fee income 2,304 1,941 1,695
Banking services fee income 1,703 1,699 1,747
Net (loss) gain on sale of loans held for sale (9) 343  
Net gain on sale of loans 31 168 17
Net (loss) gain on sale of securities 47   (10)
Net gain from fair value adjustments 55 1,960 47
Federal Home Loan Bank of New York stock dividends 1,507 1,502 2,102
Bank owned life insurance 2,790 2,769 2,638
Other income 1,413 1,477 2,109
Total non-interest income 9,065 10,281 8,300
Non-interest expense      
Salaries and employee benefits 42,503 38,262 34,785
Occupancy and equipment 7,807 7,803 7,246
Professional services 6,108 6,697 6,344
FDIC deposit insurance 4,186 4,378 4,889
Data processing 4,101 4,458 3,996
Depreciation and amortization of premises and equipment 3,207 3,185 2,795
Other real estate owned / foreclosure expense 2,964 2,471 1,194
Other operating expenses 11,450 10,485 9,136
Total non-interest expense 82,326 77,739 70,385
Income before income taxes 56,178 58,817 54,776
Provision for income taxes      
Federal 16,740 17,749 19,343
State and local 5,107 5,720 (3,402)
Total provision for income taxes 21,847 23,469 15,941
Net income $ 34,331 $ 35,348 $ 38,835
Basic earnings per common share (in Dollars per share) $ 1.13 $ 1.15 $ 1.28
Diluted earnings per common share (in Dollars per share) $ 1.13 $ 1.15 $ 1.28