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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest and dividend income        
Interest and fees on loans $ 60,557 $ 62,273 $ 121,666 $ 124,603
Interest and dividends on securities:        
Interest 4,182 6,811 9,438 13,720
Dividends 11 19 26 38
Other interest income 22 472 312 1,027
Total interest and dividend income 64,772 69,575 131,442 139,388
Interest expense        
Deposits 9,971 22,827 28,749 44,296
Other interest expense 6,084 6,739 13,150 13,280
Total interest expense 16,055 29,566 41,899 57,576
Net interest income 48,717 40,009 89,543 81,812
Provision for credit losses 9,619 1,474 16,797 2,446
Net interest income after provision for credit losses 39,098 38,535 72,746 79,366
Non-interest income        
Banking services fee income 944 1,059 1,742 2,032
Net loss on sale of securities (54) (15) (91) (15)
Net gain on sale of loans 0 114 42 177
Net gain on sale of assets 0 770 0 770
Net gain (loss) from fair value adjustments 10,205 (1,956) 4,212 (4,036)
Federal Home Loan Bank of New York stock dividends 881 826 1,845 1,729
Life insurance proceeds 659 0 659 43
Bank owned life insurance 932 810 1,875 1,550
Other income 170 843 589 1,144
Total non-interest income 13,737 2,451 10,873 3,394
Non-interest expense        
Salaries and employee benefits 16,184 15,668 34,804 34,834
Occupancy and equipment 2,827 2,742 5,667 5,531
Professional services 1,985 1,806 4,847 4,071
FDIC deposit insurance 737 667 1,387 1,152
Data processing 1,813 1,420 3,507 2,912
Depreciation and amortization 1,555 1,497 3,091 3,015
Other real estate owned/foreclosure expense (benefit) 45 20 (119) 97
Net loss from other real estate owned 0 0 31 0
Other operating expenses 3,609 3,338 7,920 7,965
Total non-interest expense 28,755 27,158 61,135 59,577
Income before income taxes 24,080 13,828 22,484 23,183
Provision for income taxes        
Federal 4,307 2,981 5,296 4,924
State and local 1,501 291 306 635
Total taxes expense 5,808 3,272 5,602 5,559
Net income $ 18,272 $ 10,556 $ 16,882 $ 17,624
Basic earnings per common share (in dollars per share) $ 0.63 $ 0.37 $ 0.58 $ 0.61
Diluted earnings per common share (in dollars per share) 0.63 0.37 0.58 0.61
Dividends per common share $ 0.21 $ 0.21 $ 0.42 $ 0.42