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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net (loss) income $ (1,390) $ 7,068
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 7,178 972
Depreciation and amortization of bank premises and equipment 1,536 1,518
Amortization of premium, net of accretion of discount 1,642 1,272
Net loss from fair value adjustments 5,993 2,080
Net loss from fair value adjustments on qualifying hedges 2,073 637
Net gain from sale of loans (42) (63)
Net loss from sale of securities 37 0
Net loss from OREO 31 0
Income from bank owned life insurance (943) (740)
Life insurance proceeds 0 (43)
Stock-based compensation expense 3,430 3,931
Deferred compensation (1,296) (938)
Deferred income tax (benefit) expense (2,318) 805
Decrease in other liabilities (7,106) (3,737)
Decrease (increase) in other assets 2,440 (942)
Net cash provided by operating activities 11,265 11,820
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of bank premises and equipment (759) (898)
Net (purchases) redemptions of Federal Home Loan Bank of New York shares (17,079) 6,100
Purchases of securities held-to-maturity 0 (180)
Proceeds from maturities and calls of securities held-to-maturity 180 1,568
Proceeds from prepayments of securities held-to-maturity 150 146
Purchases of securities available for sale (63,434) (45,730)
Proceeds from sales and calls of securities available for sale 64,600 13,295
Proceeds from maturities and prepayments of securities available for sale 40,383 16,788
Proceeds from bank owned life insurance 0 777
Net (originations) repayments of loans (55,906) 16,372
Purchases of loans (77,233) (56,995)
Proceeds from sale of loans 580 1,170
Net cash used in investing activities (108,518) (47,587)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in non-interest bearing deposits 54,126 (12,683)
Net (decrease) increase in interest-bearing deposits (247,777) 106,788
Net increase in mortgagors' escrow deposits 28,676 25,254
Net proceeds from short-term borrowed funds 410,000 (84,250)
Proceeds from long-term borrowings 50,000 0
Repayment of long-term borrowings (80,456) (51,310)
Purchases of treasury stock (3,835) (1,877)
Proceeds from issuance of common stock upon exercise of stock options 0 3
Cash dividends paid (6,084) (6,042)
Net cash provided by (used in) financing activities 204,650 (24,117)
Net increase (decrease) in cash and cash equivalents 107,397 (59,884)
Cash and cash equivalents, beginning of period 49,787 118,561
Cash and cash equivalents, end of period 157,184 58,677
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 25,617 25,830
Income taxes paid 1,094 1,141
Taxes paid if excess tax benefits were not tax deductible 868 1,072
Non-cash activities:    
Right-Of-Use assets 0 42,869
Right-of-use assets obtained in exchange for new operating lease liabilities 23 21
Operating lease liabilities $ 0 $ 51,780