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Parent-Only Financial Information (Tables) (Parent Company) | 12 Months Ended
--- | ---
Dec. 31, 2013
Parent Company |
Condensed Balance Sheets |
| December 31,
| 2013 |  | 2012
| (in thousands)
Assets |  |  |
Cash in Northfield Bank | $ 141,331 |  | $ 7,541
Interest-earning deposits in other financial institutions | 224 |  | -
Investment in Northfield Bank | 547,216 |  | 386,324
Securities available-for-sale (corporate bonds) | - |  | 5,173
ESOP loan receivable | 27,799 |  | 14,525
Accrued interest receivable | - |  | 94
Other assets | 80 |  | 2,015
Total assets | $ 716,650 |  | $ 415,672
Liabilities and Stockholders' Equity |  |  |
Total liabilities | $ 542 |  | $ 799
Total stockholders' equity | 716,108 |  | 414,873
Total liabilities and stockholders' equity | $ 716,650 |  | $ 415,672
Condensed Statements Of Income And Other Comprehensive (Loss) Income |
| Years Ended
| December 31,
| 2013 |  | 2012 |  | 2011
| (in thousands)
Interest on ESOP loan | $ 904 |  | $ 490 |  | $ 500
Interest income on deposit in Northfield Bank | 286 |  | 18 |  | 78
Interest income on deposits in other financial institutions | - |  | - |  | 3
Interest income on corporate bonds | 13 |  | 157 |  | 688
Gain on securities transactions, net | - |  | - |  | 227
Undistributed earnings of Northfield Bank | 19,157 |  | 16,360 |  | 16,503
Total income | 20,360 |  | 17,025 |  | 17,999
Other expenses | 1,188 |  | 1,249 |  | 952
Income tax (benefit) expense | 25 |  | (255) |  | 224
Total expense | 1,213 |  | 994 |  | 1,176
Net income | $ 19,147 |  | $ 16,031 |  | $ 16,823
Comprehensive (loss) income |  |  |  |  |
Net income | $ 19,147 |  | $ 16,031 |  | $ 16,823
Other comprehensive (loss) income, net of tax | (22,881) |  | 761 |  | 6,560
Comprehensive (loss) income | $ (3,734) |  | $ 16,792 |  | $ 23,383
Condensed Statements Of Cash Flows |
| December 31,
| 2013 |  | 2012 |  | 2011
| (in thousands)
Cash flows from operating activities |  |  |  |  |
Net income | $ 19,147 |  | $ 16,031 |  | $ 16,823
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Decrease in accrued interest receivable | 94 |  | 1 |  | 410
(Decrease) increase in due to Northfield Bank | (541) |  | (704) |  | (478)
Decrease (increase) in other assets | 1,271 |  | 1,394 |  | 57
Amortization of premium on corporate bond | - |  | 68 |  | 521
Gain on securities transactions, net | - |  | - |  | (227)
(Decrease) Increase in other liabilities | (556) |  | 510 |  | 54
Undistributed earnings of Northfield Bank | (19,157) |  | (16,360) |  | (16,503)
Net cash provided by operating activities | 258 |  | 940 |  | 657
Cash flows from investing activities |  |  |  |  |
Additional investment in Northfield Bank | (172,299) |  | - |  | -
Maturities of corporate bonds | 5,173 |  | - |  | -
Loan to ESOP | (14,224) |  | - |  | -
Proceeds from sale of corporate bonds | - |  | - |  | 31,068
Net cash (used in) provided by investing activities | (181,350) |  | - | - | 31,068
Cash flows from financing activities |  |  |  |  |
Proceeds from sale of common stock | 344,202 |  | - |  | -
Principal payments on ESOP loan receivable | 950 |  | 430 |  | 437
Purchase of treasury stock | (3,628) |  | (4,344) |  | (37,811)
Dividends paid | (26,859) |  | (1,722) |  | (3,701)
Merger of Northfield Bancorp, MHC | 124 |  | - |  | -
Exercise of stock options | 21 |  | - |  | -
Additional tax benefit on stock awards | 296 |  | - |  | -
Net cash provided by (used in) financing activities | 315,106 |  | (5,636) | - | (41,075)
Net (decrease) increase in cash and cash equivalents | 134,014 |  | (4,696) |  | (9,350)
Cash and cash equivalents at beginning of year | 7,541 |  | 12,237 |  | 21,587
Cash and cash equivalents at end of year | $ 141,555 |  | $ 7,541 |  | $ 12,237
Selected Quarterly Financial Data (Unaudited) |
| 2013 Quarter Ended
| March 31 |  | June 30 |  | September 30 |  | December 31
| (Dollars in thousands, except per share data)
Selected Operating Data: |  |  |  |  |  |  |
Interest income | $ 23,516 |  | $ 22,954 |  | $ 23,380 |  | $ 22,620
Interest expense | 4,751 |  | 4,199 |  | 4,060 |  | 3,938
Net interest income | 18,765 |  | 18,755 |  | 19,320 |  | 18,682
Provision for loan losses | 277 |  | 417 |  | 817 |  | 416
Net interest income after provision for loan losses | 18,488 |  | 18,338 |  | 18,503 |  | 18,266
Other income | 3,256 |  | 1,698 |  | 2,588 |  | 2,619
Other expenses | 14,366 |  | 13,209 |  | 13,309 |  | 12,989
Income before income tax expense | 7,378 |  | 6,827 |  | 7,782 |  | 7,896
Income tax expense | 2,586 |  | 2,528 |  | 2,682 |  | 2,940
Net income | $ 4,792 |  | $ 4,299 |  | $ 5,100 |  | $ 4,956
Net income per common share- basic | $ 0.09 |  | $ 0.08 |  | $ 0.09 |  | $ 0.09
Net income per common share- diluted | $ 0.09 |  | $ 0.08 |  | $ 0.09 |  | $ 0.08
| 2012 Quarter Ended
| March 31 |  | June 30 |  | September 30 |  | December 31
| (Dollars in thousands, except per share data)
Selected Operating Data: |  |  |  |  |  |  |
Interest income | $ 22,739 |  | $ 22,760 |  | $ 22,690 |  | $ 23,350
Interest expense | 5,814 |  | 5,747 |  | 5,691 |  | 5,392
Net interest income | 16,925 |  | 17,013 |  | 16,999 |  | 17,958
Provision for loan losses | 615 |  | 544 |  | 502 |  | 1,875
Net interest income after provision for loan losses | 16,310 |  | 16,469 |  | 16,497 |  | 16,083
Other income | 3,975 |  | 1,430 |  | 1,710 |  | 1,471
Other expenses | 12,642 |  | 11,801 |  | 12,028 |  | 12,527
Income before income tax expense | 7,643 |  | 6,098 |  | 6,179 |  | 5,027
Income tax expense | 2,695 |  | 2,150 |  | 2,285 |  | 1,786
Net income | $ 4,948 |  | $ 3,948 |  | $ 3,894 |  | $ 3,241
Net income per common share- basic | $ 0.10 |  | $ 0.07 |  | $ 0.07 |  | $ 0.06
Net income per common share- diluted | $ 0.09 |  | $ 0.07 |  | $ 0.07 |  | $ 0.06

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