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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 31,213 $ 28,348
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit loan losses 19,267 3,129
Depreciation and amortization of bank premises and equipment 4,633 4,454
Amortization of premium, net of accretion of discount 4,721 4,932
Net (gain) loss from fair value adjustments (1,987) 6,160
Net loss from fair value adjustments on qualifying hedges 2,208 2,717
Net gain from sale of loans (42) (381)
Net loss from sale of securities 91 15
Net gain from sale of asset 0 (770)
Net loss from OREO 36 0
Income from bank owned life insurance (2,798) (2,550)
Life insurance proceeds (659) (43)
Stock-based compensation expense 5,510 6,617
Deferred Compensation (3,579) (2,526)
Deferred income tax benefit (4,174) (3,777)
Increase in other liabilities 6,143 4,358
Decrease (increase) in other assets (15,043) 1,659
Net cash provided by operating activities 45,540 52,342
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of bank premises and equipment (1,723) (2,182)
Net purchases of Federal Home Loan Bank of New York shares (198) (7,998)
Purchases of securities held-to-maturity 0 (30,030)
Proceeds from maturities and calls of securities held-to-maturity 180 1,568
Proceeds from prepayments of securities held-to-maturity 129 434
Purchases of securities available for sale (130,397) (141,798)
Proceeds from sales and calls of securities available for sale 143,376 65,493
Proceeds from maturities and prepayments of securities available for sale 142,320 88,217
Proceeds from sale of assets 0 813
Proceeds from bank owned life insurance 2,477 777
Purchase of bank owned life insurance 0 (25,000)
Net originations of loans (11,295) (9,660)
Purchases of loans (132,893) (193,703)
Proceeds from sale of real estate owned 203 0
Proceeds from sale of loans 580 7,187
Net cash provided by (used in) investing activities 12,759 (245,882)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in non-interest bearing deposits 172,882 8,039
Net decrease in interest-bearing deposits (288,694) (11,643)
Net increase in mortgagors' escrow deposits 12,761 16,942
Net proceeds from short-term borrowed funds 0 115,750
Proceeds from long-term borrowings 240,378 184,950
Repayment of long-term borrowings (147,771) (131,301)
Purchases of treasury stock (3,872) (2,656)
Proceeds from issuance of common stock upon exercise of stock options 0 3
Cash dividends paid (18,210) (18,116)
Net cash provided by (used in) financing activities (32,526) 161,968
Net increase (decrease) in cash and cash equivalents 25,773 (31,572)
Cash and cash equivalents, beginning of period 49,787 118,561
Cash and cash equivalents, end of period 75,560 86,989
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 57,334 85,346
Income taxes paid 13,594 8,531
Taxes paid if excess tax benefits were not tax deductible 13,404 8,523
Non-cash activities:    
Loans transferred to REO 0 239
Right-of-use assets obtained in exchange for new operating lease liabilities $ 6,822 $ 1,295