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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest and dividend income        
Interest and fees on loans $ 60,367 $ 62,825 $ 182,033 $ 187,428
Interest and dividends on securities:        
Interest 3,525 6,287 12,963 20,007
Dividends 9 18 35 56
Other interest income 13 259 325 1,286
Total interest and dividend income 63,914 69,389 195,356 208,777
Interest expense        
Deposits 7,093 22,244 35,842 66,540
Other interest expense 6,897 8,196 20,047 21,476
Total interest expense 13,990 30,440 55,889 88,016
Net interest income 49,924 38,949 139,467 120,761
Provision for credit losses 2,470 683 19,267 3,129
Net interest income after provision for credit losses 47,454 38,266 120,200 117,632
Non-interest income        
Banking services fee income 1,316 847 3,058 2,879
Net loss on sale of securities 0 0 (91) (15)
Net gain on sale of loans 0 204 42 381
Net gain on sale of assets 0 0 0 770
Net gain (loss) from fair value adjustments (2,225) (2,124) 1,987 (6,160)
Federal Home Loan Bank of New York stock dividends 874 834 2,719 2,563
Life insurance proceeds 0 0 659 43
Bank owned life insurance 923 1,000 2,798 2,550
Other income 463 278 1,052 1,422
Total non-interest income 1,351 1,039 12,224 4,433
Non-interest expense        
Salaries and employee benefits 17,335 15,461 52,139 50,295
Occupancy and equipment 3,021 2,847 8,688 8,378
Professional services 2,064 2,167 6,911 6,238
FDIC deposit insurance 727 (589) 2,114 563
Data processing 1,668 1,490 5,175 4,402
Depreciation and amortization 1,542 1,439 4,633 4,454
Other real estate owned/foreclosure expense 240 48 121 145
Net loss from other real estate owned 5 0 36 0
Other operating expenses 3,383 3,182 11,303 11,147
Total non-interest expense 29,985 26,045 91,120 85,622
Income before income taxes 18,820 13,260 41,304 36,443
Provision for income taxes        
Federal 3,359 2,457 8,655 7,381
State and local 1,130 79 1,436 714
Total taxes expense 4,489 2,536 10,091 8,095
Net income $ 14,331 $ 10,724 $ 31,213 $ 28,348
Basic earnings per common share (in dollars per share) $ 0.50 $ 0.37 $ 1.08 $ 0.99
Diluted earnings per common share (in dollars per share) 0.50 0.37 1.08 0.99
Dividends per common share $ 0.21 $ 0.21 $ 0.63 $ 0.63