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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest and dividend income      
Interest and fees on loans $ 171,309 $ 181,486 $ 191,454
Interest and dividends on securities:      
Interest 28,310 31,306 32,121
Dividends 828 855 811
Other interest income 79 67 112
Total interest and dividend income 200,526 213,714 224,498
Interest expense      
Deposits 32,037 40,382 48,431
Other interest expense 22,826 22,893 28,292
Total interest expense 54,863 63,275 76,723
Net interest income 145,663 150,439 147,775
Provision for loan losses 13,935 21,000 21,500
Net interest income after provision for loan losses 131,728 129,439 126,275
Non-interest income      
Other-than-temporary impairment ("OTTI") charge (1,419) (3,138) (9,365)
Less: Non-credit portion of OTTI charge recorded in Other Comprehensive Income, before taxes   2,362 7,787
Net OTTI charge recognized in earnings (1,419) (776) (1,578)
Banking services fee income 3,687 4,007 3,640
Net (loss) gain on sale of loans held for sale (108) (9) 343
Net gain on sale of loans 284 31 168
Net gain on sale of securities 3,021 47  
Net (loss) gain from fair value adjustments (2,521) 55 1,960
Federal Home Loan Bank of New York stock dividends 1,663 1,507 1,502
Bank owned life insurance 3,363 2,790 2,769
Other income 1,586 1,413 1,477
Total non-interest income 9,556 9,065 10,281
Non-interest expense      
Salaries and employee benefits 44,397 42,503 38,262
Occupancy and equipment 7,646 7,807 7,803
Professional services 5,210 6,108 6,697
FDIC deposit insurance 3,206 4,186 4,378
Data processing 4,238 4,101 4,458
Depreciation and amortization of premises and equipment 2,953 3,207 3,185
Other real estate owned / foreclosure expense 2,292 2,964 2,471
Other operating expenses 10,634 11,450 10,485
Total non-interest expense 80,576 82,326 77,739
Income before income taxes 60,708 56,178 58,817
Provision for income taxes      
Federal 17,344 16,740 17,749
State and local 5,612 5,107 5,720
Total provision for income taxes 22,956 21,847 23,469
Net income $ 37,752 $ 34,331 $ 35,348
Basic earnings per common share (in Dollars per share) $ 1.26 $ 1.13 $ 1.15
Diluted earnings per common share (in Dollars per share) $ 1.26 $ 1.13 $ 1.15