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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest and dividend income      
Interest and fees on loans $ 209,283 $ 195,125 $ 178,720
Interest and dividends on securities:      
Interest 24,489 25,141 24,827
Dividends 287 481 473
Other interest income 526 250 126
Total interest and dividend income 234,585 220,997 204,146
Interest expense      
Deposits 40,319 33,350 30,336
Other interest expense 21,159 20,561 19,390
Total interest expense 61,478 53,911 49,726
Net interest income 173,107 167,086 154,420
Provision (benefit) for loan losses 9,861 (956)
Net interest income after benefit for loan losses 163,246 167,086 155,376
Non-interest income      
Banking services fee income 4,156 3,758 3,805
Net gain on sale of loans 603 584 422
Net (loss) gain on sale of securities (186) 1,524 167
Net gain on sale of buildings 48,018 6,537
Net loss from fair value adjustments (3,465) (3,434) (1,841)
Federal Home Loan Bank of New York stock dividends 3,081 2,664 1,969
Gains from life insurance proceeds 1,405 460
Bank owned life insurance 3,227 2,797 2,880
Other income 1,541 1,165 1,780
Total non-interest income 10,362 57,536 15,719
Non-interest expense      
Salaries and employee benefits 62,087 60,825 53,093
Occupancy and equipment 10,409 9,848 10,206
Professional services 7,500 7,720 7,074
FDIC deposit insurance 1,815 2,993 3,236
Data processing 5,238 4,364 4,471
Depreciation and amortization of bank premises and equipment 4,832 4,450 3,579
Other real estate owned / foreclosure expense 404 1,307 942
Prepayment penalty on borrowings 10,356
Other operating expenses 15,189 16,740 15,118
Total non-interest expense 107,474 118,603 97,719
Income before income taxes 66,134 106,019 73,376
Provision for income taxes      
Federal 22,844 33,580 21,843
State and local 2,169 7,523 5,324
Total provision for income taxes 25,013 41,103 27,167
Net income $ 41,121 $ 64,916 $ 46,209
Basic earnings per common share (in dollars per share) $ 1.41 $ 2.24 $ 1.59
Diluted earnings per common share (in dollars per share) $ 1.41 $ 2.24 $ 1.59