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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest and dividend income        
Interest and fees on loans $ 67,999 $ 60,557 $ 137,020 $ 121,666
Interest and dividends on securities:        
Interest 3,685 4,182 6,757 9,438
Dividends 7 11 15 26
Other interest income 51 22 87 312
Total interest and dividend income 71,742 64,772 143,879 131,442
Interest expense        
Deposits 5,539 9,971 11,644 28,749
Other interest expense 5,164 6,084 10,304 13,150
Total interest expense 10,703 16,055 21,948 41,899
Net interest income 61,039 48,717 121,931 89,543
(Benefit) provision for credit losses (1,598) 9,619 1,222 16,797
Net interest income after (benefit) provision for credit losses 62,637 39,098 120,709 72,746
Non-interest income        
Banking services fee income 1,233 944 3,958 1,742
Net gain (loss) on sale of securities 123 (54) 123 (91)
Net gain on sale of loans 127   158 42
Net gain on disposition of assets     621 0
Net gain (loss) from fair value adjustments (6,548) 10,205 (5,566) 4,212
Life insurance proceeds   659 0 659
Federal Home Loan Bank of New York stock dividends 500 881 1,189 1,845
Bank owned life insurance 1,009 932 2,006 1,875
Other income 346 170 612 589
Total non-interest income (loss) (3,210) 13,737 3,101 10,873
Non-interest expense        
Salaries and employee benefits 19,879 16,184 42,543 34,804
Occupancy and equipment 3,522 2,827 6,889 5,667
Professional services 1,988 1,985 4,388 4,847
FDIC deposit insurance 729 737 1,942 1,387
Data processing 1,419 1,813 3,528 3,507
Depreciation and amortization 1,638 1,555 3,277 3,091
Other real estate owned/foreclosure expense (recoveries) 22 45 12 (119)
Other operating expenses 4,814 3,609 9,591 7,951
Total non-interest expense 34,011 28,755 72,170 61,135
Income before income taxes 25,416 24,080 51,640 22,484
Provision for income taxes        
Federal 4,857 4,307 9,928 5,296
State and local 1,301 1,501 3,415 306
Total taxes 6,158 5,808 13,343 5,602
Net income $ 19,258 $ 18,272 $ 38,297 $ 16,882
Basic earnings per common share $ 0.61 $ 0.63 $ 1.21 $ 0.58
Diluted earnings per common share 0.61 0.63 1.21 0.58
Dividends per common share $ 0.21 $ 0.21 $ 0.42 $ 0.42