XML 20 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest and dividend income      
Interest and fees on loans $ 232,719 $ 209,283 $ 195,125
Interest and dividends on securities:      
Interest 23,022 24,489 25,141
Dividends 67 287 481
Other interest income 1,190 526 250
Total interest and dividend income 256,998 234,585 220,997
Interest expense      
Deposits 64,497 40,319 33,350
Other interest expense 25,095 21,159 20,561
Total interest expense 89,592 61,478 53,911
Net interest income 167,406 173,107 167,086
Provision for loan losses 575 9,861
Net interest income after benefit for loan losses 166,831 163,246 167,086
Non-interest income      
Banking services fee income 4,030 4,156 3,758
Net gain on sale of loans 168 603 584
Net (loss) gain on sale of securities (1,920) (186) 1,524
Net gain on sale of assets 1,141
Net gain on sale of buildings 48,018
Net loss from fair value adjustments (4,122) (3,465) (3,434)
Federal Home Loan Bank of New York stock dividends 3,576 3,081 2,664
Life insurance proceeds 2,998 1,405 460
Bank owned life insurance 3,099 3,227 2,797
Other income 1,367 1,541 1,165
Total non-interest income 10,337 10,362 57,536
Non-interest expense      
Salaries and employee benefits 64,560 62,087 60,825
Occupancy and equipment 10,079 10,409 9,848
Professional services 8,360 7,500 7,720
FDIC deposit insurance 2,115 1,815 2,993
Data processing 5,663 5,238 4,364
Depreciation and amortization of bank premises and equipment 5,792 4,832 4,450
Other real estate owned / foreclosure (benefit) expense (94) 404 1,307
Prepayment penalty on borrowings 10,356
Net (gain) loss from sales of real estate owned (27) (50) 2,001
Other operating expenses 15,235 15,239 14,739
Total non-interest expense 111,683 107,474 118,603
Income before income taxes 65,485 66,134 106,019
Provision for income taxes      
Federal 8,574 22,844 33,580
State and local 1,821 2,169 7,523
Total provision for income taxes 10,395 25,013 41,103
Net income $ 55,090 $ 41,121 $ 64,916
Basic earnings per common share (in dollars per share) $ 1.92 $ 1.41 $ 2.24
Diluted earnings per common share (in dollars per share) $ 1.92 $ 1.41 $ 2.24