XML 99 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 49,787 $ 118,561
Securities held-to-maturity:    
Held to maturity securities 58,888 32,018
Securities available for sale, at fair value:    
Securities available for sale 772,500 822,655
Loans, net of fees and costs 5,772,206 5,551,484
Less: Allowance for loan losses (21,751) (20,945)
Net Loans 5,750,455 5,530,539
Interest and dividends receivable 25,722 25,485
Bank premises and equipment, net 28,676 30,418
Federal Home Loan Bank of New York stock, at cost 56,921 57,282
Bank owned life insurance 157,713 131,788
Goodwill 16,127 16,127
Other real estate owned, net 239 0
Right of Use Asset 41,254  
Other assets 59,494 69,303
Total assets 7,017,776 6,834,176
Liabilities    
Non-interest bearing 435,072 413,747
Interest-bearing 4,586,977 4,502,176
Total due to depositors 5,022,049 4,915,923
Mortgagors' escrow deposits 44,375 44,861
Borrowed funds:    
Federal Home Loan Bank advances 1,118,528 1,134,993
Subordinated debentures 74,319 74,001
Junior subordinated debentures, at fair value 44,384 41,849
Total borrowed funds 1,237,231 1,250,843
Operating lease liability 49,367  
Other liabilities 85,082 73,085
Total liabilities 6,438,104 6,284,712
Commitments and contingencies (Note 16)
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 December 31, 2019 and 2018; 28,157,206 shares and 27,983,637 shares outstanding at December 31, 2019 and 2018, respectively) 315 315
Additional paid-in capital 226,691 222,720
Treasury stock, at average cost (3,373,389 shares and 3,546,958 at December 31, 2019 and 2018, respectively) (71,487) (75,146)
Retained earnings 433,960 414,327
Accumulated other comprehensive loss, net of taxes (9,807) (12,752)
Total stockholders' equity 579,672 549,464
Total liabilities and stockholders' equity 7,017,776 6,834,176
Collateralized Mortgage Backed Securities [Member]    
Securities held-to-maturity:    
Held to maturity securities 7,934 7,953
Securities available for sale, at fair value:    
Securities available for sale 523,849 557,953
Other Debt Obligations [Member]    
Securities held-to-maturity:    
Held to maturity securities 50,954 24,065
Securities available for sale, at fair value:    
Securities available for sale $ 248,651 $ 264,702