Dime Community Bancshares, Inc(NASDAQ:DCOM) 
Dime Community Bancshares, Inc. operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York. It offers deposit products, such as savings, money market, and NOW accounts, as well as certificates of deposit, demand deposits, and other tim...
Website: http://www.dime.com
Founded: 1864
Full Time Employees: 421
Sector: Financial Services
Industry: Banks-Regional
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2020-09-30 | 2020-06-30 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|
interest income: | |||||||
loans secured by real estate | 47,482,000 | 49,058,000 | |||||
c&i loans | 5,752,000 | 5,071,000 | |||||
other loans | 11,000 | 13,000 | |||||
mortgage-backed securities | 2,707,000 | 3,064,000 | |||||
investment securities | 715,000 | 582,000 | |||||
other short-term investments | 729,000 | 846,000 | |||||
total interest income | 57,396,000 | 58,634,000 | |||||
interest expense: | |||||||
deposits and escrow | 6,672,000 | 9,700,000 | |||||
borrowed funds | 5,780,000 | 5,378,000 | |||||
total interest expense | 12,452,000 | 15,078,000 | |||||
net interest income | 44,944,000 | 43,556,000 | |||||
provision for loan losses | 5,931,000 | ||||||
net interest income after provision for loan losses | 39,013,000 | 37,496,000 | |||||
non-interest income: | |||||||
service charges and other fees | 1,632,000 | 1,083,000 | |||||
net mortgage banking income | 71,000 | 52,000 | |||||
net gain on equity securities | 175,000 | ||||||
net gain on sale of securities and other assets | 215,000 | 3,134,000 | |||||
gain on sale of loans | 1,425,000 | 206,000 | |||||
income from boli | 1,033,000 | 911,000 | |||||
loan level derivative income | 1,544,000 | 2,494,000 | |||||
other | 54,000 | 70,000 | |||||
total non-interest income | 6,149,000 | 8,386,000 | |||||
non-interest expense: | |||||||
salaries and employee benefits | 13,512,000 | 14,719,000 | |||||
severance | 3,930,000 | ||||||
stock benefit plan compensation expense | 804,000 | 478,000 | |||||
occupancy and equipment | 4,046,000 | 3,959,000 | |||||
data processing costs | 2,146,000 | 2,007,000 | |||||
marketing | 134,000 | 136,000 | |||||
federal deposit insurance premiums | 761,000 | 529,000 | |||||
merger expenses | 769,000 | 1,072,000 | |||||
total non-interest expense | 24,853,000 | 29,346,000 | |||||
income before income taxes | 20,309,000 | 16,536,000 | |||||
income tax expense | 4,441,000 | 3,570,000 | |||||
net income | 15,868,000 | 12,966,000 | |||||
yoy | |||||||
qoq | 22.38% | ||||||
preferred stock dividends | 1,822,000 | 1,140,000 | |||||
net income available to common stockholders | 14,046,000 | 11,826,000 | |||||
earnings per share: | |||||||
basic | 0.43 | 0.36 | |||||
diluted | 0.42 | 0.35 | |||||
provision (credit) for loan losses | 6,060,000 | ||||||
net gain on sale of equity securities | 436,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2005-06-30 | 2003-03-31 |
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assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and due from banks | 147,283,000 | 117,013,000 | 246,153,000 | 155,488,000 | 112,541,000 | 172,418,000 | 143,473,000 | 147,256,000 | 132,822,000 | 150,992,000 | 188,826,000 | 173,060,000 | 110,044,000 | 87,834,000 | 80,870,000 | 89,927,000 | 192,917,000 | 74,073,000 | 67,946,000 | 79,149,000 | 58,977,000 | 57,213,000 | 66,120,000 | 141,656,000 | 194,702,000 | 89,584,000 | 124,749,000 | 43,309,000 | 131,643,000 | 171,745,000 | 86,193,000 | 70,761,000 | 164,655,000 | 114,069,000 | 39,338,000 | 99,500,000 | 229,638,000 | 199,318,000 | 78,159,000 | 22,872,000 | 123,412,000 | 35,739,000 | 52,605,000 | 26,154,000 | 26,264,000 | 29,276,000 | 37,104,000 | |||||||
total cash and cash equivalents | 147,283,000 | 117,013,000 | 246,153,000 | 155,488,000 | 112,541,000 | 172,418,000 | 143,473,000 | 147,256,000 | 150,992,000 | 188,826,000 | 80,870,000 | 89,927,000 | 192,917,000 | 74,073,000 | 67,946,000 | 79,399,000 | 59,227,000 | 57,463,000 | 66,120,000 | 141,656,000 | 254,701,000 | 89,584,000 | 124,749,000 | 44,260,000 | ||||||||||||||||||||||||||||||
securities available-for-sale, at fair value | 525,597,000 | 542,007,000 | 557,825,000 | 519,608,000 | 476,514,000 | 511,623,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
marketable equity securities, at fair value | 5,759,000 | 5,707,000 | 5,398,000 | 5,894,000 | 5,835,000 | 5,953,000 | 5,912,000 | 5,667,000 | 6,111,000 | 6,368,000 | 6,433,000 | |||||||||||||||||||||||||||||||||||||||||||
loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate | 4,933,515,000 | 4,811,401,000 | 4,874,502,000 | 5,172,609,000 | 5,213,690,000 | 5,238,882,000 | 5,163,122,000 | 5,204,462,000 | 5,230,361,000 | 5,360,555,000 | 5,866,567,000 | 5,806,933,000 | 5,720,987,000 | 5,488,491,000 | 5,206,781,000 | 5,055,293,000 | 4,490,624,000 | 4,304,309,000 | 4,233,105,000 | 4,051,262,000 | 3,972,551,000 | 3,943,521,000 | 3,544,387,000 | 3,323,501,000 | 3,349,587,000 | 3,417,672,000 | 3,458,416,000 | 3,419,510,000 | 3,454,717,000 | 3,467,644,000 | 3,460,831,000 | 3,485,176,000 | 3,392,038,000 | 3,303,050,000 | 3,242,033,000 | 3,196,030,000 | 3,191,341,000 | 3,129,132,000 | 2,930,532,000 | 2,835,823,000 | 2,757,628,000 | 2,731,232,000 | 2,700,268,000 | 2,547,277,000 | 2,169,066,000 | |||||||||
commercial and industrial (“c&i”) loans | 642,540,000 | 631,518,000 | 331,816,000 | 336,412,000 | 309,031,000 | 207,743,000 | 172,522,000 | 145,818,000 | 111,099,000 | 68,199,000 | 30,189,000 | |||||||||||||||||||||||||||||||||||||||||||
other loans | 1,448,000 | 1,463,000 | 956,000 | 1,772,000 | 1,389,000 | 1,780,000 | 1,139,000 | 1,192,000 | 1,162,000 | 1,477,000 | 1,053,000 | 1,092,000 | 1,749,000 | 973,000 | 1,967,000 | 2,492,000 | 2,861,000 | 2,063,000 | 2,449,000 | 3,630,000 | 2,070,000 | 2,540,000 | 2,327,000 | 4,211,000 | 2,551,000 | 3,221,000 | 2,564,000 | 3,262,000 | 1,942,000 | 2,133,000 | 3,531,000 | 2,019,000 | 2,096,000 | 2,620,000 | 2,058,000 | 2,205,000 | 2,596,000 | 4,178,000 | ||||||||||||||||
less allowance for loan losses | -48,492,000 | -42,492,000 | -36,463,000 | -27,294,000 | -21,134,000 | -21,941,000 | -21,330,000 | -20,984,000 | -21,204,000 | -22,007,000 | -21,985,000 | -20,954,000 | -20,049,000 | -18,909,000 | -18,513,000 | -18,959,000 | -18,553,000 | -18,237,000 | -19,098,000 | -19,633,000 | -20,429,000 | -20,530,000 | -20,694,000 | -20,243,000 | -19,468,000 | -20,254,000 | -19,518,000 | -19,663,000 | -19,166,000 | -16,942,000 | -23,350,000 | -24,620,000 | -21,505,000 | -20,261,000 | -19,991,000 | -18,351,000 | -16,549,000 | -15,386,000 | -15,665,000 | -15,374,000 | -15,405,000 | -15,558,000 | -15,514,000 | -15,534,000 | -15,516,000 | |||||||||
total loans | 5,529,011,000 | 5,401,890,000 | 5,170,811,000 | 5,455,735,000 | 5,510,397,000 | 5,484,495,000 | 5,392,037,000 | 5,383,376,000 | 5,486,222,000 | 380 | 5,956,751,000 | 5,854,896,000 | 5,731,195,000 | 360 | 5,470,117,000 | 5,190,208,000 | 5,038,134,000 | 390 | 4,473,133,000 | 4,287,710,000 | 4,216,480,000 | 450 | 4,034,077,000 | 3,955,358,000 | 3,924,965,000 | 540 | 3,525,824,000 | 3,305,299,000 | 3,332,205,000 | 3,400,267,000 | 3,440,611,000 | 3,403,622,000 | 3,437,124,000 | 3,451,018,000 | 3,405,616,000 | 3,441,692,000 | 3,463,107,000 | 3,373,754,000 | 3,285,353,000 | 3,225,304,000 | 3,179,621,000 | 530 | 3,176,925,000 | 3,117,277,000 | 2,916,886,000 | 530 | 2,822,545,000 | 2,744,843,000 | 2,717,732,000 | 2,686,959,000 | 2,534,339,000 | 2,157,728,000 | ||
premises and fixed assets | 20,539,000 | 21,423,000 | 21,631,000 | 21,692,000 | 22,507,000 | 23,069,000 | 23,708,000 | 24,713,000 | 24,736,000 | 25,340,000 | 25,276,000 | 22,968,000 | 22,315,000 | 21,620,000 | 15,666,000 | 13,800,000 | 13,770,000 | 15,296,000 | 15,263,000 | 24,485,000 | 25,607,000 | 25,875,000 | 26,067,000 | 30,065,000 | 33,363,000 | 32,918,000 | 32,485,000 | 32,646,000 | 32,608,000 | 32,381,000 | 31,613,000 | 31,224,000 | 30,491,000 | 29,897,000 | 29,841,000 | 29,678,000 | 29,986,000 | 30,144,000 | 25,883,000 | 26,055,000 | 24,830,000 | 23,625,000 | 23,471,000 | 22,962,000 | 22,886,000 | 16,277,000 | ||||||||
premises held for sale | 514,000 | 514,000 | 1,379,000 | 1,379,000 | 1,379,000 | 1,379,000 | 1,379,000 | 1,379,000 | 8,799,000 | 8,799,000 | ||||||||||||||||||||||||||||||||||||||||||||
loans held for sale | 2,625,000 | 1,794,000 | 1,430,000 | 500,000 | 1,839,000 | 3,814,000 | 682,000 | 430,000 | 333,000 | 1,481,000 | 469,000 | 387,000 | 343,000 | 1,445,000 | 3,022,000 | 656,000 | 1,721,000 | 3,308,000 | 4,879,000 | 692,000 | 416,000 | 667,000 | 100,377,000 | 736,000 | 2,140,000 | 1,547,000 | 250,000 | 2,134,000 | 1,200,000 | 3,433,000 | 142,000 | |||||||||||||||||||||||
federal home loan bank of new york (“fhlbny”) capital stock | 57,305,000 | 52,305,000 | 57,146,000 | 56,019,000 | 54,421,000 | 53,842,000 | 53,874,000 | 61,833,000 | ||||||||||||||||||||||||||||||||||||||||||||||
bank owned life insurance | 155,068,000 | 154,036,000 | 133,128,000 | 114,257,000 | 113,551,000 | 112,828,000 | 112,121,000 | 111,427,000 | 110,706,000 | 109,977,000 | 109,257,000 | 87,982,000 | 87,424,000 | 86,873,000 | 85,767,000 | 85,197,000 | 85,579,000 | 84,451,000 | 83,830,000 | 83,220,000 | ||||||||||||||||||||||||||||||||||
goodwill | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | 55,638,000 | |||||||
operating lease assets | 35,503,000 | 36,813,000 | 36,582,000 | 37,858,000 | 38,856,000 | 40,113,000 | 40,401,000 | |||||||||||||||||||||||||||||||||||||||||||||||
derivative assets | 19,845,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest receivable | 33,774,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 31,444,000 | 78,895,000 | 61,569,000 | 43,508,000 | 44,804,000 | 40,567,000 | 41,408,000 | 42,308,000 | 47,723,000 | 47,164,000 | 47,341,000 | 50,728,000 | 59,980,000 | 49,414,000 | 45,766,000 | 50,840,000 | 46,381,000 | 48,430,000 | 53,762,000 | 52,793,000 | 109,285,000 | 108,904,000 | 107,390,000 | 114,915,000 | 117,127,000 | 118,394,000 | 118,085,000 | 118,484,000 | 115,924,000 | 116,816,000 | 117,980,000 | 118,914,000 | 122,081,000 | 127,193,000 | 119,489,000 | 103,523,000 | 102,583,000 | 101,688,000 | 101,644,000 | 97,189,000 | 95,721,000 | 90,413,000 | 89,393,000 | 87,141,000 | 86,163,000 | 85,434,000 | 79,336,000 | |||||||
total assets | 6,619,391,000 | 6,467,521,000 | 6,347,825,000 | 6,354,460,000 | 6,425,335,000 | 6,498,362,000 | 6,475,301,000 | 6,320,578,000 | 6,294,193,000 | 6,253,175,000 | 6,325,917,000 | 6,444,429,000 | 6,258,184,000 | 6,095,370,000 | 5,821,786,000 | 5,556,197,000 | 5,517,359,000 | 4,832,492,000 | 4,644,535,000 | 4,583,349,000 | 4,384,405,000 | 4,301,694,000 | 4,280,369,000 | 3,982,325,000 | 3,954,358,000 | 3,879,916,000 | 4,018,858,000 | 4,021,180,000 | 4,092,782,000 | 4,142,710,000 | 4,040,295,000 | 3,996,768,000 | 4,148,295,000 | 4,113,940,000 | 3,952,274,000 | 3,907,743,000 | 3,974,399,000 | 4,040,758,000 | 3,828,636,000 | 3,742,004,000 | 3,640,301,000 | 3,301,472,000 | 3,250,372,000 | 3,299,544,000 | 3,173,377,000 | 3,273,458,000 | 3,094,524,000 | |||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
due to depositors: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest-bearing deposits | 3,714,225,000 | 3,774,089,000 | 3,760,450,000 | 3,804,076,000 | 3,974,949,000 | 4,011,622,000 | 3,990,147,000 | 3,961,277,000 | 4,013,470,000 | 4,002,767,000 | 4,105,370,000 | |||||||||||||||||||||||||||||||||||||||||||
non-interest-bearing deposits | 658,297,000 | 664,323,000 | 479,376,000 | 478,549,000 | 416,457,000 | 423,914,000 | 417,475,000 | 395,477,000 | 368,780,000 | 356,626,000 | 325,071,000 | |||||||||||||||||||||||||||||||||||||||||||
total deposits | 4,372,522,000 | 4,438,412,000 | 4,239,826,000 | 4,391,406,000 | 4,435,536,000 | 4,407,622,000 | 4,382,250,000 | 4,359,393,000 | 4,430,441,000 | 4,371,193,000 | 4,418,480,000 | 4,508,482,000 | 4,159,264,000 | 3,780,266,000 | 3,439,756,000 | 3,029,497,000 | 2,933,807,000 | 2,842,434,000 | 2,622,613,000 | 2,653,080,000 | 2,586,974,000 | 2,601,315,000 | 2,419,166,000 | 2,355,698,000 | 2,387,129,000 | 2,343,701,000 | 2,415,972,000 | 2,402,685,000 | 2,350,581,000 | 2,380,666,000 | 2,439,815,000 | 2,312,610,000 | 2,216,836,000 | 2,195,998,000 | 2,293,109,000 | 2,335,524,000 | 2,097,777,000 | 2,080,892,000 | 2,193,636,000 | 2,074,020,000 | 2,195,736,000 | 2,168,990,000 | 2,008,532,000 | 2,085,342,000 | ||||||||||
escrow and other deposits | 119,626,000 | 87,646,000 | 116,097,000 | 76,481,000 | 110,233,000 | 85,811,000 | 137,116,000 | 85,234,000 | 119,796,000 | 89,302,000 | 131,953,000 | 117,765,000 | 91,196,000 | 135,817,000 | 117,309,000 | 92,290,000 | 126,315,000 | 131,132,000 | 87,239,000 | 114,476,000 | 95,830,000 | 76,930,000 | 110,062,000 | 119,452,000 | 111,066,000 | 105,145,000 | 109,974,000 | 71,812,000 | 89,466,000 | 108,865,000 | 68,542,000 | 91,965,000 | 77,699,000 | 99,187,000 | 65,895,000 | 81,315,000 | 69,803,000 | 96,423,000 | 80,110,000 | 69,832,000 | 84,273,000 | 72,572,000 | 56,653,000 | 80,017,000 | 46,373,000 | 56,736,000 | 54,796,000 | |||||||
fhlbny advances | 1,128,400,000 | 1,017,300,000 | 1,117,300,000 | 1,092,250,000 | 1,056,750,000 | 1,115,200,000 | 1,087,325,000 | 1,042,925,000 | 1,043,650,000 | 1,010,400,000 | 1,217,500,000 | 944,575,000 | 763,725,000 | 882,125,000 | 1,017,125,000 | 1,277,125,000 | 1,069,725,000 | 1,033,725,000 | 1,048,725,000 | 1,103,225,000 | 1,018,150,000 | 1,033,150,000 | 747,500,000 | 767,500,000 | 777,500,000 | 884,775,000 | 939,775,000 | 939,775,000 | 990,525,000 | 990,525,000 | 904,525,000 | 1,020,525,000 | 1,064,675,000 | 1,009,675,000 | 959,675,000 | 1,009,675,000 | 919,675,000 | 716,500,000 | ||||||||||||||||
subordinated debt | 114,016,000 | 113,979,000 | 113,942,000 | 113,869,000 | 113,832,000 | 113,796,000 | 113,759,000 | 113,722,000 | 113,686,000 | 113,649,000 | ||||||||||||||||||||||||||||||||||||||||||||
other borrowings | 70,000,000 | 5,000,000 | 110,000,000 | 60,000,000 | 58,000,000 | 45,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities | 41,314,000 | 42,733,000 | 42,614,000 | 44,098,000 | 45,117,000 | 46,480,000 | 46,868,000 | |||||||||||||||||||||||||||||||||||||||||||||||
derivative liabilities | 47,955,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 31,400,000 | 80,908,000 | 72,398,000 | 38,342,000 | 39,056,000 | 34,802,000 | 31,300,000 | 37,400,000 | 31,923,000 | 31,612,000 | 31,517,000 | 38,359,000 | 39,260,000 | 43,441,000 | 37,117,000 | 46,225,000 | 63,576,000 | 47,579,000 | 41,137,000 | 40,978,000 | 35,854,000 | 34,330,000 | 37,868,000 | 42,878,000 | 43,408,000 | 39,594,000 | 42,931,000 | 39,178,000 | 34,615,000 | 37,933,000 | 36,233,000 | 31,470,000 | 29,849,000 | 38,248,000 | 39,415,000 | 53,947,000 | 41,152,000 | 42,249,000 | 37,807,000 | 35,188,000 | 48,636,000 | 46,007,000 | 43,961,000 | 41,459,000 | 38,941,000 | 34,668,000 | 60,343,000 | |||||||
total liabilities | 5,925,233,000 | 5,785,978,000 | 5,702,177,000 | 5,757,702,000 | 5,816,431,000 | 5,889,661,000 | 5,869,027,000 | 5,718,497,000 | 5,690,616,000 | 5,637,643,000 | 5,717,960,000 | 5,858,392,000 | 5,677,736,000 | 5,522,145,000 | 5,266,495,000 | 5,006,586,000 | 4,977,452,000 | 4,348,613,000 | 4,166,588,000 | 4,117,293,000 | 3,928,202,000 | 3,853,170,000 | 3,838,734,000 | 3,581,825,000 | 3,566,820,000 | 3,503,617,000 | 3,650,489,000 | 3,660,146,000 | 3,745,508,000 | 3,805,688,000 | 3,711,561,000 | 3,674,306,000 | 3,833,568,000 | 3,805,400,000 | 3,657,501,000 | 3,618,100,000 | 3,690,904,000 | 3,761,036,000 | 3,552,534,000 | 3,467,752,000 | 3,370,290,000 | 3,031,424,000 | 2,975,175,000 | 3,014,366,000 | 2,882,746,000 | 2,985,931,000 | 2,824,340,000 | |||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series a | 116,569,000 | 116,569,000 | 72,224,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 537,000 | 537,000 | 537,000 | 537,000 | 537,000 | 537,000 | 537,000 | 537,000 | 537,000 | 537,000 | 537,000 | 536,000 | 536,000 | 536,000 | 535,000 | 535,000 | 533,000 | 532,000 | 532,000 | 529,000 | 529,000 | 529,000 | 528,000 | 522,000 | 519,000 | 517,000 | 516,000 | 516,000 | 514,000 | 513,000 | 512,000 | 511,000 | 511,000 | 511,000 | 511,000 | 511,000 | 511,000 | 511,000 | 511,000 | 511,000 | 509,000 | 509,000 | 509,000 | 509,000 | 509,000 | 503,000 | 320,000 | |||||||
additional paid-in capital | 278,580,000 | 278,581,000 | 279,327,000 | 279,322,000 | 279,768,000 | 279,327,000 | 278,358,000 | 277,512,000 | 277,718,000 | 278,194,000 | 277,070,000 | 276,674,000 | 280,453,000 | 279,553,000 | 265,227,000 | 266,984,000 | 263,206,000 | 259,906,000 | 259,637,000 | 254,750,000 | 254,103,000 | 253,840,000 | 252,680,000 | 241,464,000 | 237,192,000 | 233,469,000 | 232,506,000 | 231,521,000 | 228,996,000 | 227,061,000 | 225,585,000 | 224,239,000 | 223,802,000 | 223,046,000 | 214,654,000 | 214,254,000 | 213,790,000 | 214,357,000 | 213,335,000 | 212,359,000 | 209,036,000 | 207,896,000 | 207,355,000 | 206,792,000 | 206,601,000 | 200,207,000 | 173,228,000 | |||||||
retained earnings | 601,913,000 | 592,497,000 | 585,294,000 | 581,817,000 | 579,830,000 | 580,159,000 | 572,175,000 | 565,713,000 | 558,357,000 | 551,818,000 | 544,762,000 | 524,237,000 | 516,165,000 | 509,453,000 | 507,956,000 | 502,569,000 | 496,518,000 | 445,326,000 | 440,335,000 | 433,863,000 | 420,170,000 | 413,437,000 | 408,009,000 | 384,855,000 | 377,266,000 | 370,294,000 | 363,559,000 | 358,079,000 | 343,669,000 | 336,060,000 | 329,668,000 | 323,777,000 | 317,088,000 | 311,748,000 | 306,787,000 | 303,330,000 | 299,635,000 | 297,350,000 | 297,146,000 | 293,371,000 | 289,500,000 | 287,253,000 | 285,458,000 | 284,643,000 | 285,420,000 | 266,419,000 | 206,363,000 | |||||||
accumulated other comprehensive loss, net of deferred taxes | -11,539,000 | -14,403,000 | -12,632,000 | -5,940,000 | -6,308,000 | -6,288,000 | -5,232,000 | -5,734,000 | -4,578,000 | -4,037,000 | -4,711,000 | -5,647,000 | -5,514,000 | -8,110,000 | -8,803,000 | -8,549,000 | -9,173,000 | -9,349,000 | -9,597,000 | -4,284,000 | -4,408,000 | -4,637,000 | -9,421,000 | -9,396,000 | -9,409,000 | -9,335,000 | -9,709,000 | -5,561,000 | -6,299,000 | -6,352,000 | -5,073,000 | -5,277,000 | -4,992,000 | -5,082,000 | -6,042,000 | -7,717,000 | -8,584,000 | -10,408,000 | -7,660,000 | -4,685,000 | -5,701,000 | -7,054,000 | -6,525,000 | -7,100,000 | -1,517,000 | |||||||||
unearned equity awards | -6,695,000 | -7,549,000 | -6,067,000 | -6,731,000 | -3,623,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by the benefit maintenance plan | -1,496,000 | -1,496,000 | -1,496,000 | -7,941,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
treasury stock | -283,711,000 | -283,193,000 | -271,539,000 | -250,751,000 | -234,535,000 | -235,360,000 | -231,987,000 | -230,049,000 | -221,093,000 | -203,470,000 | -204,324,000 | -204,427,000 | -199,597,000 | -200,932,000 | -199,015,000 | -197,146,000 | -197,913,000 | -198,278,000 | -198,260,000 | -199,266,000 | -198,922,000 | -198,922,000 | -200,535,000 | -202,574,000 | -202,584,000 | -202,584,000 | -204,442,000 | -204,442,000 | -204,441,000 | -206,546,000 | -206,546,000 | -206,259,000 | -206,259,000 | -208,036,000 | -207,884,000 | -207,884,000 | -207,884,000 | -210,471,000 | -210,471,000 | -211,626,000 | -211,775,000 | -207,005,000 | -195,392,000 | -184,576,000 | -179,011,000 | -162,348,000 | -99,222,000 | |||||||
total stockholders’ equity | 694,158,000 | 681,543,000 | 645,648,000 | 596,758,000 | 608,904,000 | 603,577,000 | 615,532,000 | 586,037,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 6,619,391,000 | 6,467,521,000 | 6,347,825,000 | 6,354,460,000 | 6,425,335,000 | 6,294,193,000 | 6,253,175,000 | 6,444,429,000 | ||||||||||||||||||||||||||||||||||||||||||||||
debt securities available-for-sale, at fair value | 550,995,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans secured by real estate | 5,002,354,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
allowance for loan losses | -28,441,000 | -21,782,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
loans | 5,312,097,000 | 5,372,036,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
due to depositors | 4,282,625,000 | 4,356,754,000 | 2,043,223,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
subordinated notes payable | 113,906,000 | 113,575,000 | 113,545,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | |||||||||||||||||||||||||||||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by benefit maintenance plan | -1,496,000 | -1,496,000 | -1,509,000 | -1,509,000 | -1,509,000 | -2,148,000 | -2,196,000 | -6,859,000 | -9,576,000 | -9,353,000 | -9,354,000 | -9,354,000 | -9,164,000 | -9,164,000 | -9,164,000 | -9,012,000 | -8,800,000 | -8,800,000 | -8,800,000 | -8,655,000 | -8,655,000 | -8,634,000 | -7,979,000 | -7,979,000 | -7,979,000 | -7,979,000 | -7,979,000 | -8,007,000 | -8,007,000 | -8,007,000 | -8,007,000 | -8,007,000 | -8,007,000 | -7,941,000 | -7,941,000 | -7,941,000 | -7,941,000 | -7,941,000 | -4,187,000 | |||||||||||||||
unearned stock award common stock | -8,892,000 | -3,536,000 | -4,433,000 | -3,012,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
commercial and industrial ("c&i") loans | 316,061,000 | 266,415,000 | 229,504,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
federal home loan bank of new york ("fhlbny") capital stock | 57,051,000 | 55,840,000 | 57,551,000 | 52,514,000 | 50,961,000 | 41,411,000 | 46,739,000 | 52,814,000 | 63,681,000 | 54,348,000 | 52,728,000 | 52,782,000 | 55,235,000 | 53,269,000 | 53,593,000 | 40,736,000 | 41,636,000 | 42,086,000 | 47,014,000 | 49,489,000 | 49,489,000 | 51,718,000 | 51,718,000 | 47,848,000 | 53,068,000 | 54,983,000 | 54,083,000 | 51,833,000 | 51,833,000 | 52,985,000 | 50,510,000 | 39,479,000 | ||||||||||||||||||||||
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
unearned restricted stock award common stock | -8,165,000 | -6,068,000 | -4,699,000 | -4,821,000 | -3,855,000 | -2,303,000 | -2,754,000 | -2,279,000 | -2,709,000 | -3,165,000 | -2,572,000 | -3,626,000 | -4,128,000 | -2,680,000 | -2,596,000 | -3,594,000 | -4,065,000 | -2,599,000 | -3,037,000 | -3,915,000 | -2,376,000 | -2,684,000 | -3,226,000 | -3,573,000 | -2,114,000 | -2,505,000 | -2,760,000 | -3,016,000 | -1,559,000 | |||||||||||||||||||||||||
total stockholders' equity | 608,701,000 | 606,274,000 | 602,081,000 | 607,957,000 | 580,448,000 | 573,225,000 | 555,291,000 | 549,611,000 | 539,907,000 | 483,879,000 | 477,947,000 | 466,056,000 | 456,203,000 | 448,524,000 | 441,635,000 | 400,500,000 | 387,538,000 | 376,299,000 | 368,369,000 | 361,034,000 | 347,274,000 | 337,022,000 | 328,734,000 | 322,462,000 | 314,727,000 | 308,540,000 | 294,773,000 | 289,643,000 | 283,495,000 | 279,722,000 | 276,102,000 | 274,252,000 | 270,011,000 | 270,048,000 | 275,197,000 | 285,178,000 | 290,631,000 | 287,527,000 | 270,184,000 | |||||||||||||||
total liabilities and stockholders' equity | 6,498,362,000 | 6,475,301,000 | 6,320,578,000 | 6,325,917,000 | 6,258,184,000 | 6,095,370,000 | 5,821,786,000 | 5,556,197,000 | 5,517,359,000 | 4,832,492,000 | 4,644,535,000 | 4,583,349,000 | 4,384,405,000 | 4,301,694,000 | 4,280,369,000 | 3,982,325,000 | 3,954,358,000 | 3,879,916,000 | 4,018,858,000 | 4,021,180,000 | 4,092,782,000 | 4,142,710,000 | 4,040,295,000 | 3,996,768,000 | 4,148,295,000 | 4,113,940,000 | 3,952,274,000 | 3,907,743,000 | 3,974,399,000 | 4,040,758,000 | 3,828,636,000 | 3,742,004,000 | 3,640,301,000 | 3,301,472,000 | 3,250,372,000 | 3,299,544,000 | 3,173,377,000 | 3,273,458,000 | 3,094,524,000 | |||||||||||||||
mortgage-backed securities ("mbs") available-for-sale | 466,605,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities available-for-sale, at fair value | 36,280,000 | 5,088,000 | 5,078,000 | 4,034,000 | 4,049,000 | 4,001,000 | 3,933,000 | 3,837,000 | 3,787,000 | 3,684,000 | 3,842,000 | 3,846,000 | 3,708,000 | 3,766,000 | 3,654,000 | 18,330,000 | 64,675,000 | 40,956,000 | 53,193,000 | 29,059,000 | 6,540,000 | 5,966,000 | 16,059,000 | 33,480,000 | 35,142,000 | |||||||||||||||||||||||||||||
trading securities | 2,675,000 | 2,687,000 | 7,153,000 | 6,890,000 | 6,814,000 | 10,368,000 | 8,697,000 | 8,777,000 | 8,747,000 | 7,056,000 | 7,058,000 | 6,948,000 | 4,978,000 | 3,432,000 | 3,354,000 | 1,886,000 | 1,774,000 | 1,829,000 | 1,541,000 | 1,490,000 | 1,420,000 | 1,329,000 | 1,390,000 | |||||||||||||||||||||||||||||||
loans held for sale, at fair value | 1,097,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
fhlbny advances and other borrowings | 1,125,350,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -6,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit maintenance plan | -1,509,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage-backed securities | 465,490,000 | 414,938,000 | 354,410,000 | 27,381,000 | 3,496,000 | 3,520,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
selected financial ratios and other data : | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
return on average assets | 840 | 1,310 | 960 | 1,030 | 1,090 | 760 | 690 | |||||||||||||||||||||||||||||||||||||||||||||||
return on average stockholders' equity | 8,940 | 13,400 | 9,400 | 9,830 | 10,580 | 10,290 | 8,110 | |||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity to total assets at end of period | 9,350 | 9,420 | 9,810 | 10,220 | 10,810 | 6,830 | 7,680 | |||||||||||||||||||||||||||||||||||||||||||||||
loans to deposits at end of period | 127,220 | 128,230 | 147,500 | 154,870 | 147,560 | 145,640 | 131,970 | |||||||||||||||||||||||||||||||||||||||||||||||
loans to interest-earning assets at end of period | 89,200 | 95,920 | 95,980 | 94,680 | 96,740 | 89,600 | 88,770 | |||||||||||||||||||||||||||||||||||||||||||||||
net interest spread | 2,380 | 2,520 | 2,720 | 2,840 | 3,190 | 2,340 | 1,880 | |||||||||||||||||||||||||||||||||||||||||||||||
net interest margin | 2,540 | 2,680 | 2,890 | 3,030 | 3,390 | 2,600 | 2,290 | |||||||||||||||||||||||||||||||||||||||||||||||
average interest-earning assets to average interest-bearing liabilities | 116,550 | 116,850 | 116,640 | 115,980 | 116,490 | 108,350 | 111,480 | |||||||||||||||||||||||||||||||||||||||||||||||
non-interest expense to average assets | 1,370 | 1,510 | 1,340 | 1,420 | 1,570 | 1,350 | 1,390 | |||||||||||||||||||||||||||||||||||||||||||||||
efficiency ratio | 53,240 | 55,480 | 45,980 | 46,280 | 46,230 | 51,250 | 56,400 | |||||||||||||||||||||||||||||||||||||||||||||||
effective tax rate | 41,530 | 45,670 | 41,100 | 40,510 | 40,250 | 33,560 | 37,120 | |||||||||||||||||||||||||||||||||||||||||||||||
dividend payout ratio | 40,580 | 28,430 | 45,530 | 45,530 | 45,530 | 65,880 | 83,580 | |||||||||||||||||||||||||||||||||||||||||||||||
per share data: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per share | 1,380 | 1,970 | 1,230 | 1,230 | 1,230 | 850 | 670 | |||||||||||||||||||||||||||||||||||||||||||||||
cash dividends paid per share | 560 | 560 | 560 | 560 | 560 | 560 | 560 | |||||||||||||||||||||||||||||||||||||||||||||||
book value per share | 16,000 | 15,110 | 13,220 | 12,470 | 11,860 | 8,100 | 7,930 | |||||||||||||||||||||||||||||||||||||||||||||||
asset quality ratios and other data: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net charge-offs | 23,000 | 97,000 | -1,351,000 | -212,000 | 766,000 | 584,000 | 9,000 | |||||||||||||||||||||||||||||||||||||||||||||||
total non-performing loans | 533,000 | 4,237,000 | 1,611,000 | 6,198,000 | 12,549,000 | 7,402,000 | 2,856,000 | |||||||||||||||||||||||||||||||||||||||||||||||
oreo | 148,000 | 18,000 | 18,000 | 300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
non-performing pooled trust preferred securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total non-performing assets | 533,000 | 5,507,000 | 2,995,000 | 7,120,000 | 13,465,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
non-performing loans to total loans | 10 | 80 | 30 | 150 | 340 | 220 | 100 | |||||||||||||||||||||||||||||||||||||||||||||||
non-performing assets to total assets | 10 | 90 | 60 | 160 | 330 | |||||||||||||||||||||||||||||||||||||||||||||||||
allowance for loan losses to: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-performing loans | 3,946,150 | 484,680 | 1,149,220 | 298,370 | 160,590 | 235,800 | 538,760 | |||||||||||||||||||||||||||||||||||||||||||||||
regulatory capital ratios: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
common equity tier 1 capital to risk-weighted assets | 12,380 | 11,600 | 11,550 | |||||||||||||||||||||||||||||||||||||||||||||||||||
tier 1 capital to risk-weighted assets | 12,380 | 11,600 | 11,550 | |||||||||||||||||||||||||||||||||||||||||||||||||||
total capital to risk-weighted assets | 12,830 | 12,050 | 12,030 | |||||||||||||||||||||||||||||||||||||||||||||||||||
tier 1 capital to average assets | 9,320 | 8,950 | 9,170 | |||||||||||||||||||||||||||||||||||||||||||||||||||
earnings to fixed charges ratios : | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
including interest on deposits | 2,440 | 3,480 | 2,600 | 2,500 | 2,510 | 1,410 | 1,320 | |||||||||||||||||||||||||||||||||||||||||||||||
excluding interest on deposits | 4,820 | 7,250 | 4,110 | 3,490 | 3,580 | 1,810 | 1,990 | |||||||||||||||||||||||||||||||||||||||||||||||
full service branches | 28,000 | 25,000 | 25,000 | 25,000 | 25,000 | 23,000 | 21,000 | |||||||||||||||||||||||||||||||||||||||||||||||
investment securities held-to-maturity | 5,315,000 | 5,332,000 | 5,356,000 | 5,319,000 | 5,290,000 | 5,349,000 | 5,300,000 | 5,326,000 | 5,352,000 | 5,330,000 | 5,324,000 | 5,746,000 | 5,957,000 | 5,997,000 | 6,225,000 | 6,511,000 | 7,249,000 | 7,192,000 | 6,641,000 | 6,639,000 | 7,165,000 | 7,306,000 | 7,240,000 | 8,562,000 | 8,695,000 | 9,406,000 | 11,513,000 | |||||||||||||||||||||||||||
interest bearing deposits | 4,062,067,000 | 4,105,129,000 | 4,217,696,000 | 3,888,566,000 | 3,518,631,000 | 3,189,417,000 | 2,800,061,000 | 2,722,850,000 | 2,645,332,000 | 2,446,285,000 | 2,480,204,000 | 2,410,338,000 | 2,429,061,000 | 2,267,897,000 | 2,205,811,000 | 2,238,967,000 | 2,202,622,000 | 2,279,472,000 | 2,267,024,000 | 2,224,851,000 | 2,260,700,000 | 2,329,830,000 | 2,208,934,000 | 2,110,387,000 | 2,096,144,000 | 2,190,662,000 | 2,243,572,000 | 2,010,684,000 | 1,989,289,000 | 2,106,126,000 | 1,983,300,000 | 2,099,003,000 | 2,072,230,000 | 1,913,317,000 | 1,990,240,000 | |||||||||||||||||||
non-interest bearing deposits | 309,126,000 | 313,351,000 | 290,786,000 | 270,698,000 | 261,635,000 | 250,339,000 | 229,436,000 | 210,957,000 | 197,102,000 | 176,328,000 | 172,876,000 | 176,636,000 | 172,254,000 | 151,269,000 | 149,887,000 | 148,162,000 | 141,079,000 | 136,500,000 | 135,661,000 | 125,730,000 | 119,966,000 | 109,985,000 | 103,676,000 | 106,449,000 | 99,854,000 | 102,447,000 | 91,952,000 | 87,093,000 | 91,603,000 | 87,510,000 | 90,720,000 | 96,733,000 | 96,760,000 | 95,215,000 | 95,102,000 | |||||||||||||||||||
trust preferred securities payable | 70,680,000 | 70,680,000 | 70,680,000 | 70,680,000 | 70,680,000 | 70,680,000 | 70,680,000 | 70,680,000 | 70,680,000 | 70,680,000 | 70,680,000 | 70,680,000 | 70,680,000 | 70,680,000 | 70,680,000 | 70,680,000 | 70,680,000 | 70,680,000 | 70,680,000 | 70,680,000 | 70,680,000 | 70,680,000 | 70,680,000 | 72,165,000 | 72,165,000 | 72,165,000 | 72,165,000 | 72,165,000 | 72,165,000 | 72,165,000 | 72,165,000 | 72,165,000 | 72,165,000 | 72,165,000 | ||||||||||||||||||||
holding company common stock held by benefit maintenance plan | -2,736,000 | -7,029,000 | -6,859,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
non-performing trup cdos | 1,270,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage-backed securities available-for-sale, at fair value | 3,647,000 | 406,000 | 417,000 | 446,000 | 459,000 | 485,000 | 27,721,000 | 29,015,000 | 30,652,000 | 43,383,000 | 165,221,000 | 184,723,000 | 200,610,000 | |||||||||||||||||||||||||||||||||||||||||
consumer loans | 1,675,000 | 2,336,000 | 1,354,000 | 1,468,000 | 1,954,000 | 1,612,000 | 1,913,000 | 2,440,000 | 1,873,000 | |||||||||||||||||||||||||||||||||||||||||||||
other real estate owned | 18,000 | 18,000 | 18,000 | 148,000 | 148,000 | 148,000 | 18,000 | 18,000 | 18,000 | 585,000 | 85,000 | 350,000 | 707,000 | 755,000 | 168,000 | 300,000 | 895,000 | |||||||||||||||||||||||||||||||||||||
unallocated common stock of employee stock ownership plan | -2,140,000 | -2,198,000 | -2,256,000 | -2,371,000 | -2,429,000 | -2,487,000 | -2,603,000 | -2,660,000 | -2,718,000 | -2,950,000 | -3,065,000 | -3,123,000 | -3,181,000 | -3,239,000 | -3,354,000 | -3,412,000 | -3,470,000 | -3,528,000 | -3,586,000 | -3,644,000 | -3,701,000 | -3,759,000 | -3,817,000 | -3,875,000 | -3,990,000 | -4,048,000 | -4,106,000 | -4,222,000 | -4,280,000 | -4,338,000 | -4,395,000 | -5,547,000 | ||||||||||||||||||||||
non-performing trups | 1,236,000 | 904,000 | 898,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
federal funds sold and other short-term investments | 250,000 | 59,999,000 | 11,575,000 | 4,461,000 | 4,536,000 | 23,848,000 | 45,455,000 | 5,847,000 | 3,785,000 | 560,000 | 20,230,000 | 17,327,000 | 91,502,000 | |||||||||||||||||||||||||||||||||||||||||
tangible capital | 9,200 | 9,520 | 7,630 | 7,880 | ||||||||||||||||||||||||||||||||||||||||||||||||||
leverage capital | 9,200 | 9,520 | 7,630 | 7,880 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total risk-based capital | 12,890 | 13,360 | 11,430 | 11,920 | ||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities available-for-sale, at fair value: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
encumbered | 49,111,000 | 89,095,000 | 88,805,000 | 124,282,000 | 101,484,000 | 88,492,000 | 80,229,000 | 27,646,000 | 239,917,000 | 248,699,000 | 244,978,000 | 244,447,000 | 277,921,000 | 236,281,000 | 168,263,000 | 135,611,000 | 145,090,000 | 147,765,000 | 14,033,000 | 984,000 | ||||||||||||||||||||||||||||||||||
unencumbered | 5,915,000 | 15,677,000 | 35,945,000 | 50,586,000 | 63,628,000 | 45,149,000 | 5,413,000 | 15,516,000 | 3,952,000 | 14,816,000 | 42,357,000 | 64,647,000 | 41,595,000 | 18,888,000 | 1,645,000 | 1,750,000 | 2,454,000 | 29,548,000 | 56,346,000 | 897,000 | ||||||||||||||||||||||||||||||||||
mortgage-backed securities available-for-sale, at fair value: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities sold under agreements to repurchase | 155,000,000 | 155,000,000 | 155,000,000 | 195,000,000 | 195,000,000 | 195,000,000 | 195,000,000 | 195,000,000 | 195,000,000 | 195,000,000 | 230,000,000 | 230,000,000 | 230,000,000 | 230,000,000 | 230,000,000 | 265,000,000 | 230,080,000 | 155,160,000 | 120,160,000 | 120,235,000 | 120,235,000 | 205,520,000 | 85,978,000 | |||||||||||||||||||||||||||||||
federal funds so ld and other short-term investments | 951,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities available-for-sale, at fair value : | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
one-to-four family and cooperative apartment | 119,991,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
multifamily residential and underlying cooperative | 2,456,348,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial real estate | 823,018,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
construction and land acquisition | 16,348,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
unearned discounts and net deferred loan fees | 4,526,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total real estate loans | 3,420,231,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
federal home loan bank of new york advances | 959,675,000 | 959,675,000 | 586,500,000 | 461,500,000 | 506,500,000 | 571,500,000 | 506,500,000 | 555,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
federal home loan bank of new york capital stock | 50,735,000 | 33,629,000 | 26,429,000 | 28,370,000 | 31,295,000 | 25,325,000 | 31,150,000 | |||||||||||||||||||||||||||||||||||||||||||||||
tangible equity to tangible assets at end of period | 5,790 | 6,290 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
tangible book value per share | 6,790 | 6,410 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
non-performing loans and oreo to total assets | 190 | 80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total mortgage-backed securities available-for-sale | 309,094,000 | 169,908,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
unearned restricted stock awards | -2,014,000 | -648,000 | -527,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
encumbered investment securities held-to-maturity | 80,000 | 160,000 | 160,000 | 235,000 | 235,000 | 520,000 | 825,000 | |||||||||||||||||||||||||||||||||||||||||||||||
total mortgage backed securities available-for-sale | 319,516,000 | 255,169,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
core non-interest expense to average assets | 1,390 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
core efficiency ratio | 56,400 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
federal funds sold and short-term investments | 35,224,000 | 94,649,000 | 183,128,000 | 78,752,000 | 225,852,000 | 108,636,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
unencumbered investment securities available-for-sale, at fair value | 34,591,000 | 25,573,000 | 28,506,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
unearned and unallocated common stock of recognition and retention plan ("rrp") and restricted stock awards | -741,000 | -3,458,000 | -3,386,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
unearned and unallocated common stock of recognition and retention plan | -3,452,000 | -2,614,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities available-for-sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage-backed securities held-to-maturity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage-backed securities available-for-sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
premises and equipment | 16,526,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
unallocated common stock of the employee stock ownership plan | -4,702,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
unearned and unallocated common stock of the recognition and retention plan | -3,094,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
unencumbered investment securities available for sale | 77,002,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage-backed securities available for sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of taxes | 1,843,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2009-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2003-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||
net income | 15,868,000 | 12,966,000 | 8,392,000 | 6,945,000 | 4,705,000 | 13,035,000 | 11,501,000 | 12,440,000 | 11,782,000 | 12,321,000 | 14,745,000 | 15,423,000 | 13,313,000 | 11,989,000 | 11,157,000 | 732,000 | 10,537,000 | 11,208,000 | 50,037,000 | 11,384,000 | 10,081,000 | 11,529,000 | 11,778,000 | 11,987,000 | 11,765,000 | 10,460,000 | 10,034,000 | 9,183,000 | 5,544,000 | 5,645,000 | 5,817,000 | 13,637,000 |
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||
net loss on sales of securities available-for-sale | -215,000 | -3,134,000 | -8,000 | -98,000 | -66,000 | 57,000 | 76,000 | |||||||||||||||||||||||||
net gain recognized on marketable equity securities | -14,000 | |||||||||||||||||||||||||||||||
net gain on sale of loans held for sale | -1,425,000 | -206,000 | -315,000 | -503,000 | -443,000 | -339,000 | -255,000 | -159,000 | -18,000 | -35,000 | -90,000 | -128,000 | -79,000 | -223,000 | -244,000 | |||||||||||||||||
net depreciation, amortization and accretion | 1,297,000 | 1,195,000 | 1,294,000 | 2,136,000 | 444,000 | -380,000 | 2,875,000 | 1,911,000 | 1,192,000 | -322,000 | 2,184,000 | 976,000 | 861,000 | 957,000 | 879,000 | 685,000 | 525,000 | 550,000 | 536,000 | 560,000 | 576,000 | 768,000 | 834,000 | 663,000 | 648,000 | 657,000 | 673,000 | |||||
stock-based compensation | 804,000 | 478,000 | 671,000 | |||||||||||||||||||||||||||||
provision for loan losses | 8,012,000 | 321,000 | 603,000 | 335,000 | ||||||||||||||||||||||||||||
originations of loans held for sale | -13,699,000 | -6,091,000 | -6,217,000 | -8,035,000 | -10,917,000 | -3,633,000 | -569,000 | |||||||||||||||||||||||||
proceeds from sale of loans originated for sale | 24,765,000 | 5,921,000 | 8,103,000 | 13,170,000 | 618,000 | |||||||||||||||||||||||||||
increase in cash surrender value of boli | -1,033,000 | -908,000 | -756,000 | -706,000 | -723,000 | -707,000 | -694,000 | -721,000 | -729,000 | -720,000 | -712,000 | -563,000 | -558,000 | -551,000 | -545,000 | -561,000 | -570,000 | -559,000 | -560,000 | -568,000 | -621,000 | -610,000 | -606,000 | -596,000 | -382,000 | -378,000 | -387,000 | |||||
gain from death benefits from boli | 0 | |||||||||||||||||||||||||||||||
deferred income tax expense | -2,578,000 | |||||||||||||||||||||||||||||||
changes in assets and liabilities: | ||||||||||||||||||||||||||||||||
increase in other assets | -4,864,000 | -10,419,000 | -69,000 | 668,000 | -1,452,000 | -2,532,000 | 257,000 | -9,332,000 | -2,132,000 | -948,000 | -793,000 | |||||||||||||||||||||
increase in other liabilities | -283,000 | 3,195,000 | 779,000 | 283,000 | -4,072,000 | -3,914,000 | 4,413,000 | 3,199,000 | -7,258,000 | -6,899,000 | -884,000 | 4,061,000 | 1,548,000 | -3,514,000 | 3,478,000 | -8,558,000 | 2,046,000 | 2,502,000 | 814,000 | 19,100,000 | ||||||||||||
net cash from operating activities | 24,393,000 | 3,109,000 | 20,472,000 | 22,098,000 | 20,398,000 | 15,810,000 | 10,185,000 | 20,860,000 | 15,761,000 | 14,938,000 | 12,746,000 | 7,757,000 | 19,453,000 | -1,214,000 | 17,266,000 | 13,738,000 | 9,565,000 | -10,492,000 | 7,248,000 | 5,604,000 | 23,435,000 | 10,685,000 | 10,429,000 | 13,772,000 | 14,080,000 | 5,788,000 | 13,623,000 | 6,871,000 | 6,747,000 | 9,201,000 | 5,032,000 | 39,881,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 24,393,000 | 3,109,000 | 20,472,000 | 22,098,000 | 20,398,000 | 15,810,000 | 10,185,000 | 20,860,000 | 15,761,000 | 14,938,000 | 12,746,000 | 7,757,000 | 19,453,000 | -1,214,000 | 17,266,000 | 13,738,000 | 9,565,000 | -10,492,000 | 7,248,000 | 5,604,000 | 23,435,000 | 10,685,000 | 10,429,000 | 13,772,000 | 14,080,000 | 5,788,000 | 13,623,000 | 6,871,000 | 6,747,000 | 9,201,000 | 5,032,000 | 39,881,000 |
cash flows from investing activities: | ||||||||||||||||||||||||||||||||
proceeds from sales of securities available-for-sale | 5,987,000 | 58,598,000 | 4,199,000 | |||||||||||||||||||||||||||||
proceeds from sales of marketable equity securities | 137,000 | 136,000 | 137,000 | 161,000 | 136,000 | 137,000 | 136,000 | 394,000 | 136,000 | 393,000 | ||||||||||||||||||||||
purchases of securities available-for-sale | -42,011,000 | -74,098,000 | -33,244,000 | -103,074,000 | -96,926,000 | -79,337,000 | -38,319,000 | |||||||||||||||||||||||||
acquisition of marketable equity securities | -14,000 | -9,000 | -113,000 | -29,000 | -29,000 | -114,000 | ||||||||||||||||||||||||||
proceeds from calls and principal repayments of securities available-for-sale | 53,919,000 | 34,938,000 | 32,312,000 | 51,094,000 | 30,187,000 | 29,869,000 | 18,530,000 | |||||||||||||||||||||||||
purchase of boli | 0 | -20,000,000 | -20,000,000 | |||||||||||||||||||||||||||||
proceeds received from cash surrender value of boli | 1,568,000 | |||||||||||||||||||||||||||||||
loans purchased | 0 | -18,000,000 | -892,000 | |||||||||||||||||||||||||||||
proceeds from the sale of portfolio loans transferred to held for sale | 27,951,000 | 0 | ||||||||||||||||||||||||||||||
net increase in loans | -171,784,000 | -118,021,000 | -36,898,000 | -78,269,000 | -77,761,000 | -27,171,000 | -30,833,000 | -7,755,000 | ||||||||||||||||||||||||
purchases of fixed assets | -145,000 | -263,000 | -1,034,000 | -742,000 | -511,000 | -416,000 | -50,000 | -1,934,000 | 93,000 | -570,000 | -1,879,000 | -3,377,000 | -2,381,000 | -417,000 | -615,000 | -199,000 | -257,000 | -118,000 | -380,000 | -467,000 | -653,000 | 456,000 | -543,000 | -899,000 | -461,000 | -748,000 | ||||||
sale of fhlbny capital stock | -5,000,000 | 4,841,000 | -1,127,000 | -1,598,000 | 2,630,000 | -1,211,000 | 1,711,000 | -1,360,000 | 7,182,000 | |||||||||||||||||||||||
net cash from investing activities | -129,392,000 | -231,606,000 | 111,807,000 | 97,835,000 | 939,000 | 5,694,000 | -114,833,000 | -15,297,000 | -63,573,000 | 32,289,000 | 94,914,000 | 44,574,000 | -128,858,000 | -131,271,000 | -116,788,000 | -147,474,000 | -280,620,000 | -137,167,000 | -288,391,000 | -210,860,000 | -187,801,000 | -70,568,000 | -84,445,000 | -93,331,000 | -80,792,000 | -27,781,000 | -232,031,000 | 51,869,000 | -65,178,000 | 74,560,000 | -123,778,000 | -139,364,000 |
cash flows from financing activities: | ||||||||||||||||||||||||||||||||
increase in due to depositors | -65,890,000 | 198,586,000 | -42,799,000 | -108,781,000 | -44,130,000 | 27,914,000 | 50,868,000 | 26,994,000 | 32,254,000 | -47,287,000 | -90,002,000 | 113,056,000 | 236,162,000 | 378,998,000 | 340,510,000 | 255,446,000 | 154,813,000 | 95,690,000 | 91,373,000 | 182,642,000 | 37,179,000 | -30,467,000 | 66,106,000 | 79,828,000 | ||||||||
increase in escrow and other deposits | 31,980,000 | -28,451,000 | 39,616,000 | -33,752,000 | 24,422,000 | -51,305,000 | 51,882,000 | -34,562,000 | 49,785,000 | -35,597,000 | 26,569,000 | -44,621,000 | 32,816,000 | -14,308,000 | 25,019,000 | -34,025,000 | 49,185,000 | -54,002,000 | 43,893,000 | -27,237,000 | 22,555,000 | -3,909,000 | 18,900,000 | -33,132,000 | 40,658,000 | |||||||
repayments of fhlbny advances, long-term | ||||||||||||||||||||||||||||||||
proceeds from fhlbny advances, long-term | ||||||||||||||||||||||||||||||||
proceeds from fhlbny advances, short-term | ||||||||||||||||||||||||||||||||
proceeds (repayments) of other borrowings | 65,000,000 | 5,000,000 | -110,000,000 | |||||||||||||||||||||||||||||
proceeds from preferred stock issuance | 0 | 44,345,000 | 72,224,000 | |||||||||||||||||||||||||||||
proceeds from exercise of stock options | 0 | 294,000 | 0 | 0 | 0 | 664,000 | 290,000 | 112,000 | 54,000 | 2,000 | 624,000 | 598,000 | 0 | 2,493,000 | 0 | 3,907,000 | 149,000 | 0 | 0 | 139,000 | 139,000 | |||||||||||
release of stock for benefit plan awards | 0 | 0 | 4,000 | 0 | -49,000 | 0 | 0 | |||||||||||||||||||||||||
bmp esop shares received to satisfy distribution of retirement benefits | 0 | -339,000 | -20,000 | -524,000 | 0 | 0 | ||||||||||||||||||||||||||
payments related to tax withholding for stock-based compensation | -81,000 | -18,000 | -98,000 | -7,000 | ||||||||||||||||||||||||||||
treasury shares repurchased | -388,000 | -14,257,000 | -20,711,000 | -15,355,000 | 0 | -5,022,000 | -3,814,000 | -8,475,000 | 0 | 0 | 0 | -300,000 | ||||||||||||||||||||
cash dividends paid to preferred stockholders | -1,822,000 | |||||||||||||||||||||||||||||||
cash dividends paid to common stockholders | -4,630,000 | |||||||||||||||||||||||||||||||
net cash from financing activities | 135,269,000 | 99,357,000 | -41,614,000 | -76,986,000 | -81,214,000 | 7,441,000 | 100,865,000 | 8,871,000 | 29,642,000 | -85,061,000 | -88,289,000 | -55,936,000 | 172,421,000 | 154,695,000 | 73,853,000 | 166,369,000 | 261,998,000 | 44,669,000 | 409,906,000 | 195,337,000 | 170,493,000 | 48,430,000 | 74,978,000 | 98,769,000 | 68,476,000 | 13,336,000 | 238,751,000 | -239,897,000 | 41,565,000 | -57,310,000 | 118,636,000 | 115,100,000 |
decrease in cash and cash equivalents | -18,170,000 | |||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 155,488,000 | 0 | 0 | 0 | 147,256,000 | 0 | 0 | 0 | 169,455,000 | 0 | 0 | 0 | 113,503,000 | 0 | 0 | 0 | 64,154,000 | 0 | 0 | 0 | 78,437,000 | 0 | 0 | |||||||
cash and cash equivalents, end of period | 30,270,000 | -129,140,000 | 246,153,000 | 42,947,000 | -59,877,000 | 28,945,000 | 143,473,000 | 14,434,000 | -18,170,000 | -37,834,000 | 188,826,000 | -3,605,000 | 63,016,000 | 22,210,000 | 87,834,000 | 32,633,000 | -9,057,000 | -102,990,000 | 192,917,000 | -9,919,000 | 6,127,000 | -11,453,000 | 79,399,000 | 19,210,000 | 1,764,000 | |||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||||
cash paid for income taxes | 5,700,000 | 7,100,000 | 955,000 | 1,780,000 | 3,729,000 | 2,029,000 | 4,406,000 | 500,000 | 2,000,000 | 3,000,000 | 2,928,000 | 10,100,000 | 5,503,000 | 19,250,000 | 1,662,000 | 14,858,000 | 14,425,000 | 20,050,000 | 9,050,000 | 6,850,000 | 1,250,000 | 13,102,000 | 4,457,000 | 5,900,000 | 7,600,000 | 12,122,000 | 3,413,000 | 12,141,000 | 3,767,000 | 2,498,000 | 3,206,000 | 3,504,000 |
cash paid for interest | 10,904,000 | 19,187,000 | 16,881,000 | 19,870,000 | 26,430,000 | 22,394,000 | 24,013,000 | 21,847,000 | 18,244,000 | 18,883,000 | 15,323,000 | 17,029,000 | 14,670,000 | 15,429,000 | 12,695,000 | 14,104,000 | 26,446,000 | -91,000 | 11,861,000 | 11,429,000 | 11,198,000 | 11,184,000 | 12,887,000 | 12,640,000 | 12,219,000 | 12,326,000 | 11,144,000 | 18,049,000 | 25,798,000 | 28,462,000 | 26,337,000 | 17,126,000 |
loans transferred to held for sale | 38,355,000 | 7,074,000 | 2,509,000 | 3,257,000 | 13,886,000 | 3,449,000 | 2,329,000 | 689,000 | 1,079,000 | 386,000 | 675,000 | 38,000 | 0 | |||||||||||||||||||
premises held for sale transferred to premises and fixed assets | ||||||||||||||||||||||||||||||||
operating lease assets in exchange for operating lease liabilities | 0 | 587,000 | 0 | 7,519,000 | 41,641,000 | |||||||||||||||||||||||||||
net loss recognized on marketable equity securities | -436,000 | 472,000 | -268,000 | |||||||||||||||||||||||||||||
provision (credit) for loan losses | 11,228,000 | 450,000 | 529,000 | 1,168,000 | ||||||||||||||||||||||||||||
repayments of fhlbny advances | -975,000,000 | -3,615,520,000 | -2,197,450,000 | -662,450,000 | -627,500,000 | -1,030,150,000 | -1,132,000,000 | -882,500,000 | -602,500,000 | -1,034,600,000 | -1,557,500,000 | -1,685,075,000 | -955,000,000 | -404,500,000 | -286,000,000 | -490,000,000 | -1,035,000,000 | -1,367,500,000 | -1,068,500,000 | -911,000,000 | -355,000,000 | -563,000,000 | ||||||||||
proceeds from fhlbny advances | 875,000,000 | 3,640,570,000 | 2,232,950,000 | 604,000,000 | 655,375,000 | 992,125,000 | 1,214,425,000 | 881,775,000 | 635,750,000 | 875,000,000 | 1,510,000,000 | 1,958,000,000 | 1,135,850,000 | 337,100,000 | 235,000,000 | 355,000,000 | 775,000,000 | 1,477,900,000 | 1,165,500,000 | 947,000,000 | 340,000,000 | 438,000,000 | 600,000,000 | 120,075,000 | 0 | 768,150,000 | ||||||
increase in cash and cash equivalents | -129,140,000 | 90,665,000 | 28,945,000 | -3,783,000 | 19,371,000 | 63,016,000 | 22,210,000 | -25,669,000 | -9,057,000 | -102,990,000 | 128,763,000 | 6,127,000 | -11,453,000 | 962,000 | 1,764,000 | |||||||||||||||||
premises held for sale transferred to investment | ||||||||||||||||||||||||||||||||
transfer of cash surrender value for boli to other assets | -1,449,000 | 3,016,000 | ||||||||||||||||||||||||||||||
gain from death benefits in excess of cash surrender value of boli | -1,131,000 | |||||||||||||||||||||||||||||||
deferred income tax benefit | -2,090,000 | |||||||||||||||||||||||||||||||
decrease in other assets | 1,530,000 | 4,259,000 | -836,000 | 25,000 | -262,000 | 1,960,000 | 1,053,000 | 2,013,000 | ||||||||||||||||||||||||
decrease in other liabilities | 2,515,000 | -728,000 | 1,332,000 | -3,017,000 | -923,000 | |||||||||||||||||||||||||||
net decrease in loans | 131,569,000 | 133,760,000 | 37,652,000 | -31,573,000 | -120,886,000 | 26,429,000 | -10,075,000 | |||||||||||||||||||||||||
payments related to tax withholding for equity awards | -79,000 | |||||||||||||||||||||||||||||||
cash dividends paid to stockholders | -4,915,000 | -4,958,000 | -5,034,000 | -5,051,000 | -5,039,000 | -5,084,000 | -5,243,000 | -5,265,000 | -5,234,000 | -5,243,000 | -5,241,000 | -5,277,000 | -5,243,000 | -5,149,000 | -5,150,000 | -5,157,000 | -5,125,000 | -5,104,000 | -5,090,000 | -5,057,000 | -5,041,000 | -5,031,000 | -5,032,000 | -5,032,000 | -5,011,000 | |||||||
net gain on sale of investment securities held-to-maturity | ||||||||||||||||||||||||||||||||
net loss recognized on marketable equity securities and trading securities | ||||||||||||||||||||||||||||||||
net gain on sale of premises | ||||||||||||||||||||||||||||||||
deferred income tax provision | 1,812,000 | -807,000 | 1,103,000 | -455,000 | 273,000 | -1,728,000 | -2,875,000 | -682,000 | 688,000 | 159,000 | 456,000 | 224,000 | -1,608,000 | 1,532,000 | -178,000 | |||||||||||||||||
reduction in credit related other than temporary impairment (“otti”) amortized through interest income | 0 | -8,000 | -26,000 | -26,000 | -26,000 | |||||||||||||||||||||||||||
proceeds from sales of investment securities held-to-maturity | ||||||||||||||||||||||||||||||||
proceeds from sales of marketable equity securities and trading securities | ||||||||||||||||||||||||||||||||
acquisition of marketable equity securities and trading securities | ||||||||||||||||||||||||||||||||
purchases of loans | 0 | -5,145,000 | 0 | -152,637,000 | -3,680,000 | 0 | 0 | -221,924,000 | ||||||||||||||||||||||||
proceeds from the sale of fixed assets and premises held for sale | ||||||||||||||||||||||||||||||||
proceeds from subordinated debt issuance | 0 | -14,000 | ||||||||||||||||||||||||||||||
repayments of trust preferred securities | ||||||||||||||||||||||||||||||||
proceeds from other borrowings | 50,000,000 | 2,000,000 | -558,000,000 | 616,000,000 | ||||||||||||||||||||||||||||
release of common stock for equity awards | ||||||||||||||||||||||||||||||||
bmp shares of common stock received to satisfy distribution of retirement benefits | ||||||||||||||||||||||||||||||||
premises transferred to held for sale | ||||||||||||||||||||||||||||||||
amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity | 0 | 3,000 | 22,000 | 25,000 | 15,000 | 11,000 | 14,000 | 11,000 | 67,000 | 11,000 | 23,000 | 24,000 | 16,000 | 11,000 | 26,000 | 12,000 | ||||||||||||||||
net decrease in non-credit component of otti | 3,000 | 9,000 | 8,000 | 8,000 | 8,000 | 8,000 | 12,000 | 4,000 | ||||||||||||||||||||||||
reductions for previous credit losses realized on securities sold | ||||||||||||||||||||||||||||||||
stock plan compensation | 574,000 | 491,000 | 284,000 | 326,000 | 403,000 | 407,000 | 388,000 | 492,000 | 505,000 | 438,000 | 434,000 | 498,000 | 517,000 | 525,000 | 528,000 | 531,000 | -81,000 | 674,000 | 66,000 | |||||||||||||
deferred income tax credit | -29,000 | -140,000 | ||||||||||||||||||||||||||||||
proceeds from sales securities available-for-sale | 26,373,000 | 88,632,000 | 15,499,000 | |||||||||||||||||||||||||||||
proceeds from sale of loans held for sale | 3,014,000 | 765,000 | 10,050,000 | 17,523,000 | 19,505,000 | 29,116,000 | ||||||||||||||||||||||||||
proceeds from the sale of portfolio loans | 0 | 0 | 12,970,000 | |||||||||||||||||||||||||||||
cash paid for amounts included in the measurement of lease liabilities | -1,712,000 | |||||||||||||||||||||||||||||||
proceeds from sale of portfolio loans held for sale | 8,659,000 | |||||||||||||||||||||||||||||||
repayments of other borrowings | -571,000,000 | |||||||||||||||||||||||||||||||
net loss on sale of investment securities and mbs available-for-sale | ||||||||||||||||||||||||||||||||
net loss recognized on marketable equity and trading securities | ||||||||||||||||||||||||||||||||
net gain on the sale of other real estate owned | ||||||||||||||||||||||||||||||||
write-down of oreo | ||||||||||||||||||||||||||||||||
prepayment of esop share acquisition loan | ||||||||||||||||||||||||||||||||
esop compensation expense | 296,000 | 281,000 | 204,000 | 357,000 | 349,000 | 331,000 | 322,000 | 305,000 | 296,000 | 297,000 | 310,000 | 327,000 | 36,000 | 675,000 | -155,000 | 259,000 | ||||||||||||||||
loss from extinguishment of debt | ||||||||||||||||||||||||||||||||
income recognized from mortality benefit on boli | 0 | 0 | ||||||||||||||||||||||||||||||
excess tax benefit of stock benefit plans | -142,000 | 0 | 57,000 | 14,000 | ||||||||||||||||||||||||||||
proceeds from sales of investment securities available-for-sale | 137,000 | 139,000 | 66,000 | 35,000 | 0 | 0 | 2,000,000 | 70,000 | ||||||||||||||||||||||||
proceeds from sales of mbs and cmo securities available-for-sale | ||||||||||||||||||||||||||||||||
proceeds from sales of trading securities | ||||||||||||||||||||||||||||||||
purchases of investment securities available-for-sale | -31,177,000 | 0 | -92,000 | -16,000 | -21,000 | -16,000 | -20,000 | 17,000 | -2,000 | -17,000 | -96,000 | -17,000 | -2,013,000 | -8,000 | -3,860,000 | -6,000 | -14,000 | -4,000 | -33,819,000 | -10,966,000 | ||||||||||||
purchases of mbs and cmo securities available-for-sale | ||||||||||||||||||||||||||||||||
acquisition of trading securities | -125,000 | -88,000 | -7,000 | -61,000 | -161,000 | -1,518,000 | -58,000 | -1,388,000 | -126,000 | |||||||||||||||||||||||
proceeds from calls and principal repayments of mbs available-for-sale | 24,745,000 | 23,101,000 | 2,413,000 | 25,958,000 | 919,000 | 10,000 | 15,000 | 13,000 | ||||||||||||||||||||||||
proceeds from the sale of oreo and real estate owned | ||||||||||||||||||||||||||||||||
proceeds from surrender of cash surrender value of boli | 0 | 0 | ||||||||||||||||||||||||||||||
equity award distribution | ||||||||||||||||||||||||||||||||
transfer of premises to held for sale | 0 | 0 | 0 | 1,379,000 | 0 | |||||||||||||||||||||||||||
net gain recognized on marketable equity and trading securities | -95,000 | |||||||||||||||||||||||||||||||
net gain on sale of mbs available-for-sale | -4,000 | |||||||||||||||||||||||||||||||
proceeds from sale of investment securities held to maturity | ||||||||||||||||||||||||||||||||
proceeds from sales of mbs available-for-sale | 274,000 | 0 | 158,484,000 | |||||||||||||||||||||||||||||
purchases of marketable equity securities | -41,000 | -52,000 | -109,000 | |||||||||||||||||||||||||||||
purchases of mbs available-for-sale | -77,351,000 | -63,762,000 | -189,874,000 | -339,685,000 | ||||||||||||||||||||||||||||
redemption (purchase) of fhlbny capital stock | ||||||||||||||||||||||||||||||||
decrease in due to depositors | ||||||||||||||||||||||||||||||||
proceeds from sale of sba loans held for sale | ||||||||||||||||||||||||||||||||
increase (decrease) in due to depositors | ||||||||||||||||||||||||||||||||
increase (decrease) in escrow and other deposits | ||||||||||||||||||||||||||||||||
net income (gain) recognized on marketable equity and trading securities | 4,000 | |||||||||||||||||||||||||||||||
net gain on mbs available-for-sale sold | -1,370,000 | |||||||||||||||||||||||||||||||
benefit from loan losses | 193,000 | 23,000 | -501,000 | -1,130,000 | 281,000 | 12,972,000 | 60,000 | 60,000 | 60,000 | 60,000 | ||||||||||||||||||||||
decrease (increase) in other assets | 3,204,000 | |||||||||||||||||||||||||||||||
net decrease (increase) in loans | 93,994,000 | |||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities | ||||||||||||||||||||||||||||||||
net (gain) loss on the sales of investment securities and mbs available-for-sale | ||||||||||||||||||||||||||||||||
net (gain) loss recognized on trading securities | 25,000 | |||||||||||||||||||||||||||||||
stock plan compensation expense | ||||||||||||||||||||||||||||||||
income from extinguishment of debt | 0 | |||||||||||||||||||||||||||||||
proceeds from maturities of investment securities held-to-maturity | 213,000 | 0 | 43,000 | 84,000 | 12,000 | 0 | ||||||||||||||||||||||||||
sale (purchase) of fhlbny capital stock | ||||||||||||||||||||||||||||||||
repayment of trust preferred securities | ||||||||||||||||||||||||||||||||
increase(decrease) in cash and cash equivalents | ||||||||||||||||||||||||||||||||
loans transferred to oreo | 0 | 0 | 0 | 130,000 | ||||||||||||||||||||||||||||
net increase in non-credit component of otti of securities | ||||||||||||||||||||||||||||||||
reclassification of oci from sale of investment securities held to maturity | ||||||||||||||||||||||||||||||||
net gain recognized on trading securities | -28,000 | -59,000 | -75,000 | -33,000 | -6,000 | 21,000 | -62,000 | |||||||||||||||||||||||||
net gain on held-to-maturity securities | ||||||||||||||||||||||||||||||||
net gain on sale of premises held for sale | 0 | |||||||||||||||||||||||||||||||
excess tax benefit from stock benefit plans | 0 | 0 | ||||||||||||||||||||||||||||||
purchases of trading securities | -45,000 | -41,000 | -47,000 | -112,000 | ||||||||||||||||||||||||||||
proceeds from the sales of trading securities | 85,000 | 0 | 3,000 | |||||||||||||||||||||||||||||
proceeds from the sale of loans | 4,078,000 | 6,871,000 | 2,330,000 | |||||||||||||||||||||||||||||
loans originated, net of repayments | -105,956,000 | -125,141,000 | -115,759,000 | -275,932,000 | -152,516,000 | -207,214,000 | -186,210,000 | -79,700,000 | ||||||||||||||||||||||||
proceeds from sale of oreo | 0 | |||||||||||||||||||||||||||||||
net proceeds from the sale of premises held for sale | 0 | 0 | 75,899,000 | |||||||||||||||||||||||||||||
net purchases of fixed assets | -1,497,000 | |||||||||||||||||||||||||||||||
transfer of portfolio loans to loans held-for-sale | ||||||||||||||||||||||||||||||||
stock plan compensation [excluding employee stock ownership plan (“esop”)] | 444,000 | 394,000 | ||||||||||||||||||||||||||||||
redemption of fhlbny capital stock | 6,075,000 | |||||||||||||||||||||||||||||||
net disposals (purchases) of fixed assets | -3,969,000 | 523,000 | ||||||||||||||||||||||||||||||
redemption (purchases) of fhlbny capital stock | 3,033,000 | |||||||||||||||||||||||||||||||
net gain on the sales of investment securities and mbs available-for-sale | ||||||||||||||||||||||||||||||||
net gain on the sale of oreo | 0 | 0 | 0 | -40,000 | ||||||||||||||||||||||||||||
credit to reduce the liability for loans sold with recourse | 0 | 0 | 0 | -1,040,000 | ||||||||||||||||||||||||||||
proceeds from maturities and calls of investment securities available-for-sale | ||||||||||||||||||||||||||||||||
principal collected on mbs available-for-sale | ||||||||||||||||||||||||||||||||
proceeds from sale of portfolio loans | ||||||||||||||||||||||||||||||||
net gain on investment and mortgage backed securities sold | 0 | 4,000 | -1,388,000 | |||||||||||||||||||||||||||||
deferred income tax (credit) provision | ||||||||||||||||||||||||||||||||
proceeds from sales of mortgage backed securities available for sale | ||||||||||||||||||||||||||||||||
purchases of mortgage backed securities available-for-sale | 0 | 0 | -875,000 | |||||||||||||||||||||||||||||
proceeds from calls and principal repayments of mortgage backed securities available-for-sale | ||||||||||||||||||||||||||||||||
proceeds from the sale of loans held for sale previously classified as portfolio loans | ||||||||||||||||||||||||||||||||
net decrease (increase) in non-credit component of otti | ||||||||||||||||||||||||||||||||
reduction in credit related otti amortized through interest income | ||||||||||||||||||||||||||||||||
principal collected on mortgage backed securities available-for-sale | 11,000 | 14,000 | 12,000 | 26,000 | 1,551,000 | 1,301,000 | 1,662,000 | 1,682,000 | 57,460,000 | 7,845,000 | 8,857,000 | 7,967,000 | ||||||||||||||||||||
net increase in non-credit component of otti | 9,000 | |||||||||||||||||||||||||||||||
net gain on the sale of premises held for sale | -68,187,000 | |||||||||||||||||||||||||||||||
credit for loan losses | -21,000 | 416,000 | ||||||||||||||||||||||||||||||
decrease(increase) in other assets | 317,000 | |||||||||||||||||||||||||||||||
increase(decrease) in other liabilities | 23,921,000 | |||||||||||||||||||||||||||||||
proceeds from sale of mortgage backed securities available for sale | 0 | 0 | 24,307,000 | |||||||||||||||||||||||||||||
proceeds from the sale of oreo | 170,000 | |||||||||||||||||||||||||||||||
(purchase) redemption of fhlbny capital stock | -4,968,000 | -3,172,000 | -1,966,000 | 324,000 | -5,542,000 | |||||||||||||||||||||||||||
net income (gain) recognized on trading securities | 14,000 | |||||||||||||||||||||||||||||||
net gain on the disposal of other assets | ||||||||||||||||||||||||||||||||
benefit from losses on oreo | ||||||||||||||||||||||||||||||||
originations of loans held for sale during the period | ||||||||||||||||||||||||||||||||
proceeds from sales of loans held for sale | ||||||||||||||||||||||||||||||||
proceeds from the sale of fixed assets | ||||||||||||||||||||||||||||||||
purchase of fhlbny capital stock | ||||||||||||||||||||||||||||||||
net increase in non-credit component of other than temporary impairment ("otti") of securities | ||||||||||||||||||||||||||||||||
net gain on the sale of loans | 0 | 0 | -27,000 | |||||||||||||||||||||||||||||
net gain on the sale of oreo and other assets | 0 | 0 | -649,000 | |||||||||||||||||||||||||||||
proceeds from calls and principal repayments of investment securities available-for-sale | 0 | 0 | 15,000,000 | |||||||||||||||||||||||||||||
proceeds from the sale of premises | 0 | 0 | 4,273,000 | |||||||||||||||||||||||||||||
redemption(purchase) of fhlbny capital stock | -1,620,000 | 54,000 | 5,625,000 | |||||||||||||||||||||||||||||
excess tax expense from stock benefit plans | -231,000 | 27,000 | ||||||||||||||||||||||||||||||
(credit) benefit from loan losses | -172,000 | |||||||||||||||||||||||||||||||
bmp benefit distribution | 0 | 0 | 1,000 | |||||||||||||||||||||||||||||
loss on debt extinguishment | ||||||||||||||||||||||||||||||||
net otti recognized in earnings | ||||||||||||||||||||||||||||||||
proceeds from the sale of oreo and real estate property owned | ||||||||||||||||||||||||||||||||
repayments of securities sold under agreements to repurchase | ||||||||||||||||||||||||||||||||
prepayment penalty on debt | ||||||||||||||||||||||||||||||||
net gain on the sales of investment securities available-for-sale | ||||||||||||||||||||||||||||||||
net gain recognized on on trading securities | 42,000 | -63,000 | -14,000 | |||||||||||||||||||||||||||||
origination of loans held for sale during the period | ||||||||||||||||||||||||||||||||
repayment of fhlbny advances | -35,000,000 | -15,000,000 | -645,000,000 | |||||||||||||||||||||||||||||
origination of loans held for sale | -9,721,000 | -15,416,000 | -20,195,000 | -24,080,000 | ||||||||||||||||||||||||||||
proceeds from principal repayments of investment securities held-to-maturity | 52,000 | |||||||||||||||||||||||||||||||
increase in cash and due from banks | 20,343,000 | -16,866,000 | 15,617,000 | |||||||||||||||||||||||||||||
cash and due from banks, beginning of period | 45,777,000 | 184,756,000 | 0 | 0 | 26,264,000 | 21,487,000 | ||||||||||||||||||||||||||
cash and due from banks, end of period | 66,120,000 | 3,599,000 | -16,866,000 | 26,451,000 | 26,154,000 | 37,104,000 | ||||||||||||||||||||||||||
net gain on the sales of investment securities and mortgage backed securities available-for-sale | ||||||||||||||||||||||||||||||||
net (gain) loss on sale of loans held for sale | -592,000 | |||||||||||||||||||||||||||||||
net (gain) loss on sales of oreo and other assets | ||||||||||||||||||||||||||||||||
proceeds from sales of mortgage backed securities available-for-sale | ||||||||||||||||||||||||||||||||
proceeds from the sale of oreo and real estate investment property owned | ||||||||||||||||||||||||||||||||
net gain recognized on the transfer of securities from available-for-sale into trading | ||||||||||||||||||||||||||||||||
excess tax benefit of stock plans | ||||||||||||||||||||||||||||||||
bmp award distribution | ||||||||||||||||||||||||||||||||
proceeds disbursed for the repayment of subordinated note | ||||||||||||||||||||||||||||||||
cash dividends paid to stockholders and cash disbursed in payment of stock dividends | ||||||||||||||||||||||||||||||||
transfer of repos to fhlbny advances | ||||||||||||||||||||||||||||||||
net (gain) loss on sale of loans originated for sale | ||||||||||||||||||||||||||||||||
net gain on sale of investment securities available-for-sale | ||||||||||||||||||||||||||||||||
net gain on trading securities | ||||||||||||||||||||||||||||||||
net depreciation and amortization | 410,000 | 404,000 | 406,000 | -53,000 | ||||||||||||||||||||||||||||
otti charge for investment securities recognized in earnings | ||||||||||||||||||||||||||||||||
increase in cash surrender value of bank owned life insurance | 136,000 | -491,000 | -485,000 | |||||||||||||||||||||||||||||
proceeds from maturities of investment securities available-for-sale | 0 | 0 | 1,000,000 | |||||||||||||||||||||||||||||
net increase in due to depositors | -121,716,000 | 26,746,000 | 160,458,000 | 116,048,000 | ||||||||||||||||||||||||||||
net increase in escrow and other deposits | 15,919,000 | -23,364,000 | 33,644,000 | 18,118,000 | ||||||||||||||||||||||||||||
decrease in repos | ||||||||||||||||||||||||||||||||
cash dividends paid | -4,707,000 | -4,830,000 | -4,890,000 | -3,583,000 | ||||||||||||||||||||||||||||
exercise of stock options | 92,000 | 26,000 | -11,000 | |||||||||||||||||||||||||||||
adjustments to other comprehensive income from defined benefit plans, net of tax | ||||||||||||||||||||||||||||||||
numerator: | ||||||||||||||||||||||||||||||||
net income per the consolidated statements of operations | 5,817,000 | |||||||||||||||||||||||||||||||
denominator: | ||||||||||||||||||||||||||||||||
weighted-average number of shares outstanding utilized in the calculation of basic eps | 34,473,159,000 | |||||||||||||||||||||||||||||||
common stock equivalents resulting from the dilutive effect of "in-the-money" outstanding stock options, net of the effect of tax benefits | ||||||||||||||||||||||||||||||||
weighted-average number of shares outstanding utilized in the calculation of diluted eps | 34,625,905,000 | |||||||||||||||||||||||||||||||
net gain on the re-acquisition of trust preferred securities payable | ||||||||||||||||||||||||||||||||
net income on sales of oreo | ||||||||||||||||||||||||||||||||
charge to net mortgage banking income - provision to increase the liability for loans sold with recourse | ||||||||||||||||||||||||||||||||
recovery of impairment on mortgage servicing rights | ||||||||||||||||||||||||||||||||
(excess tax benefit) tax cost of stock plans | ||||||||||||||||||||||||||||||||
net (redemption) purchase of fhlbny capital stock | ||||||||||||||||||||||||||||||||
excess tax benefit (tax cost) of stock plans | ||||||||||||||||||||||||||||||||
proceeds disbursed for the re-acquisition of trust preferred securities payable | ||||||||||||||||||||||||||||||||
reversal of unrealized loss on securities transferred from available-for-sale to held-to-maturity | ||||||||||||||||||||||||||||||||
cumulative effect adjustment for the adoption of transition requirements of asc 715-20-65 | ||||||||||||||||||||||||||||||||
net income on sales and disposals of other assets | ||||||||||||||||||||||||||||||||
(recovery) / impairment adjustment on mortgage servicing rights | ||||||||||||||||||||||||||||||||
excess tax benefits of stock plans | 304,000 | -21,000 | ||||||||||||||||||||||||||||||
increase(decrease)in other liabilities | ||||||||||||||||||||||||||||||||
increase in federal funds sold and other short-term investments | ||||||||||||||||||||||||||||||||
increase in securities sold under agreements to repurchase | ||||||||||||||||||||||||||||||||
(repayments of) proceeds from fhlbny advances | ||||||||||||||||||||||||||||||||
(tax cost) excess tax benefits of stock plans | ||||||||||||||||||||||||||||||||
purchase of common stock by the rrp and bmp | ||||||||||||||||||||||||||||||||
purchase of treasury stock | -9,002,000 | -10,966,000 | -5,565,000 | -5,964,000 | ||||||||||||||||||||||||||||
increase(decrease) in cash and due from banks | ||||||||||||||||||||||||||||||||
transfer of securities from available-for-sale to held-to-maturity | ||||||||||||||||||||||||||||||||
buildings | ||||||||||||||||||||||||||||||||
furniture, fixtures and equipment | ||||||||||||||||||||||||||||||||
computer equipment | ||||||||||||||||||||||||||||||||
credit component of otti | ||||||||||||||||||||||||||||||||
proceeds from sales and calls of mortgage backed securities available-for-sale | ||||||||||||||||||||||||||||||||
proceeds from boli benefit payment | ||||||||||||||||||||||||||||||||
cash dividends re-assumed through liquidation of rrp | ||||||||||||||||||||||||||||||||
net gain on the sale of investment securities and other assets | ||||||||||||||||||||||||||||||||
net decrease (increase) in federal funds sold and other short term investments | ||||||||||||||||||||||||||||||||
proceeds from maturities of investment securities held to maturity | 0 | |||||||||||||||||||||||||||||||
proceeds from sales and calls of investment securities available-for-sale | 2,014,000 | |||||||||||||||||||||||||||||||
proceeds from the sale of investment property | ||||||||||||||||||||||||||||||||
purchase of federal home loan bank of new york capital stock | ||||||||||||||||||||||||||||||||
increase in fhlbny advances | 125,000,000 | -45,000,000 | -65,000,000 | |||||||||||||||||||||||||||||
excess tax benefit on stock plans | ||||||||||||||||||||||||||||||||
purchase of common stock by the rrp | ||||||||||||||||||||||||||||||||
increase in accumulated other comprehensive loss | 1,353,000 | -529,000 | 575,000 | |||||||||||||||||||||||||||||
unvested rrp and restricted stock award shares | ||||||||||||||||||||||||||||||||
common stock equivalents resulting from the dilutive effect of "in-the-money" outstanding stock options | ||||||||||||||||||||||||||||||||
anti-dilutive effect of tax benefits associated with "in-the-money" outstanding stock options | ||||||||||||||||||||||||||||||||
net increase in federal funds sold and other short term investments | 88,479,000 | -104,376,000 | ||||||||||||||||||||||||||||||
redemption (purchase) of federal home loan bank of new york capital stock | 1,941,000 | 2,925,000 | ||||||||||||||||||||||||||||||
decrease in securities sold under agreements to repurchase | -9,563,000 | |||||||||||||||||||||||||||||||
excess tax benefit (expense) on stock plans | ||||||||||||||||||||||||||||||||
unvested shares of rrp or restricted stock awards | 67,922,000 | |||||||||||||||||||||||||||||||
common stock equivalents resulting from the dilutive effect of "in-the-money" stock options | 113,650,000 | |||||||||||||||||||||||||||||||
anti-dilutive effect of tax benefits associated with "in-the-money" stock options | -28,826,000 | |||||||||||||||||||||||||||||||
principal collected on mortgage backed securities held-to-maturity | ||||||||||||||||||||||||||||||||
decrease in cash and due from banks | -110,000 | |||||||||||||||||||||||||||||||
net income (gain) on investment and mortgage backed securities sold | ||||||||||||||||||||||||||||||||
net gain on sale of other assets | -64,000 | |||||||||||||||||||||||||||||||
esop and rrp compensation expense | 546,000 | |||||||||||||||||||||||||||||||
proceeds from sale of other real estate owned | 198,000 | |||||||||||||||||||||||||||||||
net decrease (increase) in other short term investments | 5,626,000 | |||||||||||||||||||||||||||||||
proceeds from maturities of investment securities available for sale | 12,500,000 | |||||||||||||||||||||||||||||||
proceeds from calls of investment securities available for sale | 15,000,000 | |||||||||||||||||||||||||||||||
proceeds from sales of investment securities available for sale | ||||||||||||||||||||||||||||||||
purchases of investment securities available for sale | -282,000 | |||||||||||||||||||||||||||||||
purchases of mortgage backed securities available for sale | -253,153,000 | |||||||||||||||||||||||||||||||
principal collected on mortgage backed securities held to maturity | 368,000 | |||||||||||||||||||||||||||||||
principal collected on mortgage backed securities available for sale | 85,590,000 | |||||||||||||||||||||||||||||||
redemption of federal home loan bank stock | 3,740,000 | |||||||||||||||||||||||||||||||
stock options exercised and tax benefits of rrp | 364,000 | |||||||||||||||||||||||||||||||
purchases of common stock of rrp and bmp | -320,000 | |||||||||||||||||||||||||||||||
increase in accumulated other comprehensive income | -233,000 |