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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest and dividend income      
Interest and fees on loans $ 195,125 $ 178,720 $ 170,327
Interest and dividends on securities:      
Interest 25,141 24,827 25,969
Dividends 481 473 753
Other interest income 250 126 79
Total interest and dividend income 220,997 204,146 197,128
Interest expense      
Deposits 33,350 30,336 30,044
Other interest expense 20,561 19,390 19,510
Total interest expense 53,911 49,726 49,554
Net interest income 167,086 154,420 147,574
Benefit for loan losses 0 (956) (6,021)
Net interest income after benefit for loan losses 167,086 155,376 153,595
Non-interest income      
Banking services fee income 3,758 3,805 3,394
Net gain on sale of loans 584 422 67
Net gain on sale of securities 1,524 167 2,875
Net gain on sale of buildings 48,018 6,537 0
Net loss from fair value adjustments (3,434) (1,841) (2,568)
Federal Home Loan Bank of New York stock dividends 2,664 1,969 1,898
Gains from life insurance proceeds 460 0 0
Bank owned life insurance 2,797 2,880 3,050
Other income 1,165 1,780 1,527
Total non-interest income 57,536 15,719 10,243
Non-interest expense      
Salaries and employee benefits 60,825 53,093 48,998
Occupancy and equipment 9,848 10,206 7,998
Professional services 7,720 7,074 5,982
FDIC deposit insurance 2,993 3,236 2,707
Data processing 4,364 4,471 4,194
Depreciation and amortization of bank premises and equipment 4,450 3,579 2,813
Other real estate owned / foreclosure expense 1,307 942 1,338
Prepayment penalty on borrowings 10,356 0 5,187
Other operating expenses 16,740 15,118 11,809
Total non-interest expense 118,603 97,719 91,026
Income before income taxes 106,019 73,376 72,812
Provision for income taxes      
Federal 33,580 21,843 20,912
State and local 7,523 5,324 7,661
Total provision for income taxes 41,103 27,167 28,573
Net income $ 64,916 $ 46,209 $ 44,239
Basic earnings per common share (in dollars per share) $ 2.24 $ 1.59 $ 1.49
Diluted earnings per common share (in dollars per share) $ 2.24 $ 1.59 $ 1.48