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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Interest and fees on loans $ 42,940 $ 46,560
Interest and dividends on securities:    
Interest 6,954 7,631
Dividends 175 207
Other interest income 17 17
Total interest and dividend income 50,086 54,415
Deposits 8,291 10,910
Other interest expense 7,649 6,160
Total interest expense 15,940 17,070
Net interest income 34,146 37,345
Provision for loan losses 6,000 6,000
Net interest income after provision for loan losses 28,146 31,345
Loan fee income 608 466
Banking services fee income 432 455
Net loss on sale of loans (9)  
Net gain on sale of securities 2,858  
Net loss from fair value adjustments (123) (448)
Federal Home Loan Bank of New York stock dividends 414 385
Bank owned life insurance 825 696
Other income 343 324
Total non-interest income 5,348 1,878
Salaries and employee benefits 12,233 11,041
Occupancy and equipment 1,860 1,930
Professional services 1,618 1,722
FDIC deposit insurance 991 1,017
Data processing 1,043 976
Depreciation and amortization 767 834
Other real estate owned/foreclosure expense 668 712
Other operating expenses 3,239 3,304
Total non-interest expense 22,419 21,536
Income before income taxes 11,075 11,687
Federal 3,461 3,624
State and local 858 934
Total taxes 4,319 4,558
Net income $ 6,756 $ 7,129
Basic earnings per common share (in Dollars per share) $ 0.22 $ 0.23
Diluted earnings per common share (in Dollars per share) $ 0.22 [1] $ 0.23 [1]
Dividends per common share (in Dollars per share) $ 0.13 $ 0.13
[1] For the three months ended March 31, 2013, options to purchase 542,400 shares at an average exercise price of $17.66 were not included in the computation of diluted earnings per common share as they were anti-dilutive. For the three months ended March 31, 2012, options to purchase 720,340 shares at an average exercise price of $16.71were not included in the computation of diluted earnings per common share as they were anti-dilutive.