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Consolidated Statements Of Comprehensive (Loss) Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest income:      
Loans $ 68,472 $ 61,514 $ 55,066
Mortgage-backed securities 21,920 26,791 32,033
Other securities 1,459 2,588 3,314
Federal Home Loan Bank of New York dividends 536 591 439
Deposits in other financial institutions 83 55 165
Total interest income 92,470 91,539 91,017
Interest expense:      
Deposits 6,501 9,837 12,251
Borrowings 10,447 12,807 13,162
Total interest expense 16,948 22,644 25,413
Net interest income 75,522 68,895 65,604
Provision for loan losses 1,927 3,536 12,589
Net interest income after provision for loan losses 73,595 65,359 53,015
Non-interest income:      
Bargain purchase gain, net of tax     3,560
Fees and service charges for customer services 3,182 3,005 2,946
Income on bank owned life insurance 3,607 2,883 2,973
Gain on securities transactions, net 3,217 2,534 2,603
Other-than-temporary impairment losses on securities (434) (24) (1,152)
Portion recognized in other comprehensive income (before taxes)     743
Net impairment losses on securities recognized in earnings (434) (24) (409)
Other 589 188 162
Total non-interest income 10,161 8,586 11,835
Non-interest expense:      
Compensation and employee benefits 27,142 24,096 21,626
Occupancy 9,709 8,192 6,297
Furniture and equipment 1,751 1,463 1,204
Data processing 4,301 3,739 2,775
Professional fees 2,885 3,279 2,334
FDIC insurance 1,432 1,628 1,629
Other 6,653 6,601 5,665
Total non-interest expense 53,873 48,998 41,530
Income before income tax expense 29,883 24,947 23,320
Income tax expense 10,736 8,916 6,497
Net income 19,147 16,031 16,823
Net income per common share:      
Basic $ 0.35 $ 0.30 $ 0.30
Diluted $ 0.34 $ 0.29 $ 0.30
Weighted average shares outstanding - basic 54,637,680 54,339,467 56,216,794
Weighted average shares outstanding - diluted 55,560,309 55,115,680 56,842,888
Unrealized (losses) gains on securities:      
Net unrealized holding (losses) gains on securities (37,449) 3,418 13,267
Less: reclassification adjustment for net gains included in net income (included in gain on securities transactions, net) (2,254) (2,150) (2,754)
Net unrealized (losses) gains (39,703) 1,268 10,513
Post retirement benefits adjustment 1,134 85 10
Reclassification adjustment for OTTI impairment included in net income (included OTTI losses on securities) 434 24 409
Other comprehensive (loss) income, before tax (38,135) 1,377 10,932
Income tax (benefit) expense related to net unrealized holding (losses) gains on securities (14,980) 1,432 5,306
Income tax expense related to reclassification adjustment for gains included in net income (902) (860) (1,102)
Income tax expense related to post retirement benefits adjustment 454 34 4
Income tax benefit related to reclassification adjustment for OTTI impairment included in net income 174 10 164
Other comprehensive (loss) income, net of tax (22,881) 761 6,560
Comprehensive (loss) income $ (3,734) $ 16,792 $ 23,383