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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest and dividend income    
Interest and fees on loans $ 69,021 $ 61,109
Interest and dividends on securities:    
Interest 3,072 5,256
Dividends 8 15
Other interest income 36 290
Total interest and dividend income 72,137 66,670
Interest expense    
Deposits 6,105 18,778
Other interest expense 5,140 7,066
Total interest expense 11,245 25,844
Net interest income 60,892 40,826
Provision for credit losses 2,820 7,178
Net interest income after provision for credit losses 58,072 33,648
Non-interest income    
Banking services fee income 2,725 798
Net loss on sale of securities 0 (37)
Net gain on sale of loans 31 42
Net gain on sale or disposition of assets 621 0
Net gain (loss) from fair value adjustments 982 (5,993)
Federal Home Loan Bank of New York stock dividends 689 964
Bank owned life insurance 997 943
Other income 266 419
Total non-interest income (loss) 6,311 (2,864)
Non-interest expense    
Salaries and employee benefits 22,664 18,620
Occupancy and equipment 3,367 2,840
Professional services 2,400 2,862
FDIC deposit insurance 1,213 650
Data processing 2,109 1,694
Depreciation and amortization 1,639 1,536
Other real estate owned/foreclosure recoveries (10) (164)
Other operating expenses 4,777 4,342
Total non-interest expense 38,159 32,380
Income (loss) before income taxes 26,224 (1,596)
Provision(benefit) for income taxes    
Federal 5,071 989
State and local 2,114 (1,195)
Total taxes 7,185 (206)
Net income (loss) $ 19,039 $ (1,390)
Basic earnings (loss) per common share $ 0.60 $ (0.05)
Diluted earnings (loss) per common share 0.60 (0.05)
Dividends per common share $ 0.21 $ 0.21