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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 24,985 $ 39,996
Depreciation and amortization of bank premises and equipment 2,320 2,094
Amortization of premium, net of accretion of discount 3,657 4,099
Net loss from fair value adjustments 1,537 2,102
Net gain from sale of loans (244) (344)
Net gain from sale of securities (2,363)
Net gain from sale of buildings (33,814)
Net (gain) loss from sale of OREO (50) 897
Income from bank owned life insurance (1,602) (1,389)
Gain from life insurance proceeds (1,167) (411)
Stock-based compensation expense 4,190 3,673
Deferred compensation (1,930) (2,629)
Excess tax benefit from stock-based payment arrangements (421)
Deferred income tax provision 1,005 83
(Increase) decrease in other assets (21) 3,857
Increase in other liabilities 4 16,102
Net cash provided by operating activities 32,684 31,532
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of bank premises and equipment (2,351) (1,460)
Net purchases of Federal Home Loan Bank of New York shares (7,457) (11,129)
Purchases of securities held-to-maturity (8,030) (27,705)
Proceeds from maturities of securities held-to-maturity 13,330 5,475
Purchases of securities available for sale (40,641) (61,615)
Proceeds from sales and calls of securities available for sale 27,500 66,996
Proceeds from maturities and prepayments of securities available for sale 38,161 53,856
Proceeds from bank owned life insurance 3,911 2,236
Proceeds from sale of buildings 34,332
Net originations of loans (201,438) (160,139)
Purchases of loans (58,431) (137,994)
Proceeds from sale of real estate owned 583 853
Proceeds from sale of loans 21,575 8,360
Net cash used in investing activities (213,288) (227,934)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in non-interest bearing deposits 16,139 47,643
Net increase (decrease) in interest-bearing deposits 31,629 (8,448)
Net increase in mortgagors' escrow deposits 1,087 9,061
Net proceeds from short-term borrowed funds 66,500 215,000
Proceeds from long-term borrowings 173,066 150,000
Repayment of long-term borrowings (82,049) (190,637)
Purchases of treasury stock (2,599) (9,085)
Excess tax benefit from stock-based payment arrangements 421
Proceeds from issuance of common stock upon exercise of stock options 127
Cash dividends paid (10,487) (9,878)
Net cash provided by financing activities 193,286 204,204
Net increase in cash and cash equivalents 12,682 7,802
Cash and cash equivalents, beginning of period 35,857 42,363
Cash and cash equivalents, end of period 48,539 50,165
SUPPLEMENTAL CASHFLOW DISCLOSURE    
Interest paid 27,840 28,250
Income taxes paid 10,646 9,270
Taxes paid if excess tax benefits were not tax deductible 10,646 9,691
Non-cash activities:    
Loans transferred to Other Real Estate Owned 486
Loans held for investment transferred to loans available for sale $ 30,565