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Subsequent Events
12 Months Ended
Dec. 31, 2013
Subsequent Events [Abstract]  
Subsequent Events

(17)Subsequent Events

 

On February 10, 2014, the Company terminated the Flatbush Federal Savings and Loan Association Pension Plan which resulted in the reclassification of approximately $1.0 million in gains ($600,000, net of tax) from other comprehensive income into net income. 

 

In February of 2014, we commenced a share repurchase program. Under the program, management is authorized to repurchase up to 2,896,975 in shares in the open market or through privately negotiated transactions. We have repurchased approximately $28.6 million of common stock, representing 2,258,973 shares, under the program through March 14, 2014.