XML 23 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest and dividend income      
Interest and fees on loans $ 178,720 $ 170,327 $ 171,309
Interest and dividends on securities:      
Interest 24,827 25,969 28,310
Dividends 473 753 828
Other interest income 126 79 79
Total interest and dividend income 204,146 197,128 200,526
Interest expense      
Deposits 30,336 30,044 32,037
Other interest expense 19,390 24,697 22,826
Total interest expense 49,726 54,741 54,863
Net interest income 154,420 142,387 145,663
Provision (benefit) for loan losses (956) (6,021) 13,935
Net interest income after (benefit) provision for loan losses 155,376 148,408 131,728
Non-interest income      
Other-than-temporary impairment ("OTTI") charge     (1,419)
Less: Non-credit portion of OTTI charge recorded in      
Other Comprehensive Income, before taxes 0 0 0
Net OTTI charge recognized in earnings     (1,419)
Banking services fee income 3,805 3,394 3,687
Net loss on sale of loans held for sale     (108)
Net gain on sale of loans 422 67 284
Net gain on sale of securities 167 2,875 3,021
Net gain on sale of buildings 6,537    
Net loss from fair value adjustments (1,841) (2,568) (2,521)
Federal Home Loan Bank of New York stock dividends 1,969 1,898 1,663
Bank owned life insurance 2,880 3,050 3,363
Other income 1,780 1,527 1,586
Total non-interest income 15,719 10,243 9,556
Non-interest expense      
Salaries and employee benefits 53,093 48,998 44,397
Occupancy and equipment 10,206 7,998 7,646
Professional services 7,074 5,982 5,210
FDIC deposit insurance 3,236 2,707 3,206
Data processing 4,471 4,194 4,238
Depreciation and amortization of premises and equipment 3,579 2,813 2,953
Other real estate owned / foreclosure expense 942 1,338 2,292
Other operating expenses 15,118 11,809 10,634
Total non-interest expense 97,719 85,839 80,576
Income before income taxes 73,376 72,812 60,708
Provision for income taxes      
Federal 21,843 20,912 17,344
State and local 5,324 7,661 5,612
Total provision for income taxes 27,167 28,573 22,956
Net income $ 46,209 $ 44,239 $ 37,752
Basic earnings per common share (in Dollars per share) $ 1.59 $ 1.49 $ 1.26
Diluted earnings per common share (in Dollars per share) $ 1.59 $ 1.48 $ 1.26