XML 13 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 91,959 $ 51,546
Securities held-to-maturity:    
Securities held-to-maturity 31,235 30,886
Securities available for sale, at fair value:    
Mortgage-backed securities (including assets pledged of $245,531 and $148,505 at March 31, 2018 and December 31, 2017, respectively; $1,505 and $1,590 at fair value pursuant to the fair value option at March 31, 2018 and December 31, 2017, respectively) 729,261 738,354
Loans:    
Net unamortized premiums and unearned loan fees 16,395 16,763
Allowance for loan losses (20,542) (20,351)
Net loans 5,292,322 5,156,648
Interest and dividends receivable 22,578 21,405
Bank premises and equipment, net 31,314 30,836
Federal Home Loan Bank of New York stock, at cost 54,045 60,089
Bank owned life insurance 130,653 131,856
Goodwill 16,127 16,127
Other assets 83,277 61,527
Total assets 6,482,771 6,299,274
Liabilities    
Non-interest bearing 377,861 385,269
Interest-bearing 4,257,942 3,955,403
Mortgagors' escrow deposits 65,979 42,606
Borrowed funds:    
Federal Home Loan Bank advances 1,064,641 1,198,968
Subordinated debentures 73,768 73,699
Junior subordinated debentures, at fair value 38,692 36,986
Total borrowed funds 1,177,101 1,309,653
Other liabilities 68,581 73,735
Total liabilities 5,947,464 5,766,666
Stockholders' Equity    
Preferred stock ($0.01 par value; 5,000,000 shares authorized; none issued) 0 0
Common stock ($0.01 par value; 100,000,000 shares authorized; 31,530,595 shares issued at March 31, 2018 and December 31, 2017; 28,546,443 shares and 28,588,266 shares outstanding at March 31, 2018 and December 31, 2017, respectively) 315 315
Additional paid-in capital 219,115 217,906
Treasury stock, at average cost (2,984,152 shares and 2,942,329 at March 31, 2018 and December 31, 2017, respectively) (60,737) (57,675)
Retained earnings 387,793 381,048
Accumulated other comprehensive loss, net of taxes (11,179) (8,986)
Total stockholders' equity 535,307 532,608
Total liabilities and stockholders' equity 6,482,771 6,299,274
Multi-Family Residential [Member]    
Loans:    
Loans receivable 2,286,803 2,273,595
Commercial Real Estate Portfolio Segment [Member]    
Loans:    
Loans receivable 1,426,847 1,368,112
One-To-Four Family - Mixed-Use Property Portfolio Segment [Member]    
Loans:    
Loans receivable 566,930 564,206
One-To-Four Family - Residential Portfolio Segment [Member]    
Loans:    
Loans receivable 190,115 180,663
Co-Operative Apartments Portfolio Segment [Member]    
Loans:    
Loans receivable 6,826 6,895
Construction Portfolio Segment [Member]    
Loans:    
Loans receivable 23,887 8,479
Small Business Administration Portfolio Segment [Member]    
Loans:    
Loans receivable 20,004 18,479
Taxi Medallion Portfolio Segment [Member]    
Loans:    
Loans receivable 6,617 6,834
Commercial Business and Other Portfolio Segment [Member]    
Loans:    
Loans receivable 768,440 732,973
Collateralized Mortgage Backed Securities [Member]    
Securities held-to-maturity:    
Securities held-to-maturity 7,968 7,973
Securities available for sale, at fair value:    
Mortgage-backed securities (including assets pledged of $245,531 and $148,505 at March 31, 2018 and December 31, 2017, respectively; $1,505 and $1,590 at fair value pursuant to the fair value option at March 31, 2018 and December 31, 2017, respectively) 512,781 509,650
Other Debt Obligations [Member]    
Securities held-to-maturity:    
Securities held-to-maturity 23,267 22,913
Securities available for sale, at fair value:    
Mortgage-backed securities (including assets pledged of $245,531 and $148,505 at March 31, 2018 and December 31, 2017, respectively; $1,505 and $1,590 at fair value pursuant to the fair value option at March 31, 2018 and December 31, 2017, respectively) $ 216,480 $ 228,704