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Consolidated Statements Of Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income:        
Loans $ 17,827 $ 15,162 $ 51,021 $ 45,187
Mortgage-backed securities 5,097 6,799 17,095 20,418
Other securities 325 559 1,268 2,102
Federal Home Loan Bank of New York dividends 124 151 398 435
Deposits in other financial institutions 7 19 68 47
Total interest income 23,380 22,690 69,850 68,189
Interest expense:        
Deposits 1,442 2,447 5,180 7,432
Borrowings 2,618 3,244 7,830 9,820
Total interest expense 4,060 5,691 13,010 17,252
Net interest income 19,320 16,999 56,840 50,937
Provision for loan losses 817 502 1,511 1,661
Net interest income after provision for loan losses 18,503 16,497 55,329 49,276
Non-interest income:        
Fees and service charges for customer services 801 720 2,285 2,285
Income on bank owned life insurance 999 710 2,588 2,139
Gain on securities transactions, net 743 428 2,941 2,488
Other-than-temporary impairment losses on securities     (434)  
Portion recognized in other comprehensive income (before taxes)            
Net impairment losses on securities recognized in earnings     (434)  
Other 45 (148) 162 203
Total non-interest income 2,588 1,710 7,542 7,115
Non-interest expense:        
Compensation and employee benefits 6,756 5,950 20,270 17,881
Occupancy 2,479 2,201 7,339 6,230
Furniture and equipment 432 375 1,315 1,064
Data processing 874 826 3,424 2,829
Professional fees 753 684 2,221 2,480
FDIC insurance 379 409 1,131 1,218
Other 1,636 1,583 5,184 4,769
Total non-interest expense 13,309 12,028 40,884 36,471
Income before income tax expense 7,782 6,179 21,987 19,920
Income tax expense 2,682 2,285 7,796 7,130
Net income 5,100 3,894 14,191 12,790
Net income per common share:        
Basic $ 0.09 $ 0.07 $ 0.26 $ 0.24
Diluted $ 0.09 $ 0.07 $ 0.26 $ 0.23
Unrealized gains on securities:        
Net unrealized holding gains on securities (4,670) 3,657 (30,800) 7,622
Less: reclassification adjustment for gains included in net income (353) (225) (2,245) (2,032)
Net unrealized (losses) gains (5,023) 3,432 (33,045) 5,590
Reclassification adjustment for OTTI impairment included in net income     434  
Other comprehensive income, before tax (5,023) 3,432 (32,611) 5,590
Income tax (benefit) expense related to net unrealized holding (losses) gains on securities (1,873) 1,463 (12,065) 3,049
Income tax expense related to reclassification adjustment for gains included in net income (141) (90) (898) (813)
Income tax benefit related to reclassification adjustment for OTTI impairment included in net income     174  
Other comprehensive income, net of tax (3,009) 2,059 (19,822) 3,354
Comprehensive income $ 2,091 $ 5,953 $ (5,631) $ 16,144