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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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Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 270

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (a)-(j)

-URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306

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