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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest and dividend income        
Interest and fees on loans $ 51,631 $ 48,413 $ 102,516 $ 95,971
Interest and dividends on securities:        
Interest 6,432 6,510 12,527 13,102
Dividends 123 120 244 239
Other interest income 129 48 282 142
Total interest and dividend income 58,315 55,091 115,569 109,454
Interest expense        
Deposits 9,510 8,097 18,490 16,070
Other interest expense 5,188 5,105 10,073 10,362
Total interest expense 14,698 13,202 28,563 26,432
Net interest income 43,617 41,889 87,006 83,022
Provision for loan losses
Net interest income after provision for loan losses 43,617 41,889 87,006 83,022
Non-interest income        
Banking services fee income 1,014 973 1,888 1,949
Net gain on sale of securities 2,363 2,363
Net gain on sale of loans 34 3 244 344
Net gain on sale of buildings 33,814 33,814
Net loss from fair value adjustments (1,159) (1,115) (1,537) (2,102)
Federal Home Loan Bank of New York stock dividends 643 582 1,466 1,205
Gain from life insurance proceeds 6 1,167 411
Bank owned life insurance 807 694 1,602 1,389
Other income 603 403 807 884
Total non-interest income 1,948 37,717 5,637 40,257
Non-interest expense        
Salaries and employee benefits 15,424 13,968 32,528 30,229
Occupancy and equipment 2,654 2,352 5,150 4,722
Professional services 1,919 2,027 3,915 4,177
FDIC deposit insurance 503 940 829 1,844
Data processing 1,321 1,199 2,524 2,290
Depreciation and amortization of bank premises and equipment 1,155 1,062 2,320 2,094
Other real estate owned/foreclosure expense (income) (96) 405 255 558
Prepayment penalty on borrowings 2,082 2,082
Other operating expenses 3,185 4,419 8,108 8,955
Total non-interest expense 26,065 28,454 55,629 56,951
Income before income taxes 19,500 51,152 37,014 66,328
Provision for income taxes        
Federal 5,576 15,203 10,325 19,950
State and local 1,199 5,514 1,704 6,382
Total taxes 6,775 20,717 12,029 26,332
Net income $ 12,725 $ 30,435 $ 24,985 $ 39,996
Basic earnings per common share (in dollars per share) $ 0.44 $ 1.05 $ 0.86 $ 1.38
Diluted earnings per common share (in dollars per share) [1] 0.44 1.05 0.86 1.38
Dividends per common share (in dollars per share) $ 0.18 $ 0.17 $ 0.36 $ 0.34
[1] For the three and six months ended June 30, 2017 and 2016, there were no stock options that were anti-dilutive.