| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Interest income: | |||||||||
Loans | |||||||||
136,133 | 127,591 | 120,340 | 111,776 | 87,179 | 73,407 | 68,472 | 61,514 | 55,066 | 46,681 |
Mortgage-backed securities | |||||||||
19,710 | 12,987 | 9,174 | 10,832 | 12,982 | 16,861 | 21,920 | 26,791 | 32,033 | 33,306 |
Other securities | |||||||||
6,331 | 4,112 | 1,310 | 908 | 328 | 604 | 1,459 | 2,588 | 3,314 | 6,011 |
Federal Home Loan Bank of New York dividends | |||||||||
1,618 | 1,683 | 1,461 | 1,171 | 1,149 | 772 | 536 | 591 | 439 | 354 |
Deposits in other financial institutions | |||||||||
1,351 | 919 | 584 | 285 | 120 | 57 | 83 | 55 | 165 | 143 |
Total interest income | |||||||||
165,143 | 147,292 | 132,869 | 124,972 | 101,758 | 91,701 | 92,470 | 91,539 | 91,017 | 86,495 |
Interest expense: | |||||||||
Interest Expense, Deposits | |||||||||
41,328 | 27,741 | 16,386 | 14,287 | 10,423 | 5,391 | 6,501 | 9,837 | 12,251 | 13,573 |
Borrowings | |||||||||
12,030 | 8,309 | 7,590 | 7,381 | 9,265 | 9,961 | 10,447 | 12,807 | 13,162 | 10,833 |
Total interest expense | |||||||||
53,358 | 36,050 | 23,976 | 21,668 | 19,688 | 15,352 | 16,948 | 22,644 | 25,413 | 24,406 |
Net interest income | |||||||||
111,785 | 111,242 | 108,893 | 103,304 | 82,070 | 76,349 | 75,522 | 68,895 | 65,604 | 62,089 |
Provision for loan losses | |||||||||
22 | 2,615 | 1,411 | 635 | 353 | 645 | 1,927 | 3,536 | 12,589 | 10,084 |
Net interest income after provision for loan losses | |||||||||
111,763 | 108,627 | 107,482 | 102,669 | 81,717 | 75,704 | 73,595 | 65,359 | 53,015 | 52,005 |
Non-interest income: | |||||||||
Revenue from Contract with Customer, Excluding Assessed Tax | |||||||||
4,881 | 4,877 | 4,702 | 4,934 | 3,945 | 4,073 | 3,182 | 3,005 | 2,946 | 2,582 |
Bargain purchase gain, net of tax | |||||||||
- | - | - | - | - | - | - | - | 3,560 | - |
Bank Owned Life Insurance Income | |||||||||
7,023 | 3,705 | 5,386 | 3,998 | 3,767 | 3,902 | 3,607 | 2,883 | 2,973 | 2,273 |
Debt Securities, Available-for-sale, Gain (Loss) | |||||||||
514 | 178 | 169 | - | - | - | - | - | - | - |
Debt and Equity Securities, Gain (Loss) | |||||||||
1,988 | -879 | 1,114 | 813 | -339 | 227 | 3,217 | 2,534 | 2,603 | 1,853 |
Other-than-temporary impairment losses on securities | |||||||||
- | - | - | - | - | - | 434 | 24 | 1,152 | 962 |
Portion recognized in other comprehensive income (before taxes) | |||||||||
- | - | - | - | - | - | - | - | 743 | -808 |
Net impairment losses on securities recognized in earnings | |||||||||
- | - | - | - | - | - | - | - | 409 | 154 |
Other | |||||||||
402 | 246 | 271 | 327 | 525 | 258 | 589 | 188 | 162 | 288 |
Total non-interest income | |||||||||
14,808 | 8,127 | 11,642 | 10,072 | 7,898 | 8,460 | 10,161 | 8,586 | 11,835 | 6,842 |
Non-interest expense: | |||||||||
Compensation and employee benefits | |||||||||
39,571 | 34,802 | 38,237 | 39,780 | 29,760 | 26,195 | 27,142 | 24,096 | 21,626 | 19,056 |
Director compensation | |||||||||
- | - | - | - | - | - | - | - | - | 1,516 |
Occupancy | |||||||||
13,676 | 12,096 | 11,270 | 11,411 | 10,039 | 9,616 | 9,709 | 8,192 | 6,297 | 5,149 |
Furniture and equipment | |||||||||
1,085 | 1,004 | 1,141 | 1,421 | 1,428 | 1,636 | 1,751 | 1,463 | 1,204 | 1,070 |
Data processing | |||||||||
5,679 | 5,011 | 4,585 | 6,054 | 3,802 | 3,680 | 4,301 | 3,739 | 2,775 | 2,521 |
Professional fees | |||||||||
3,545 | 3,482 | 2,774 | 3,461 | 3,037 | 2,458 | 2,885 | 3,279 | 2,334 | 3,613 |
Advertising | |||||||||
3,442 | 2,726 | 1,861 | 1,885 | - | - | - | - | - | - |
FDIC insurance | |||||||||
563 | 1,065 | 1,064 | 1,494 | 1,550 | 1,306 | 1,432 | 1,628 | 1,629 | 1,805 |
Other | |||||||||
5,988 | 6,857 | 6,446 | 7,440 | 8,493 | 7,151 | 6,653 | 6,601 | 5,665 | 3,954 |
Total non-interest expense | |||||||||
73,549 | 67,043 | 67,378 | 72,946 | 58,109 | 52,042 | 53,873 | 48,998 | 41,530 | 38,684 |
Income before income tax expense | |||||||||
53,022 | 49,711 | 51,746 | 39,795 | 31,506 | 32,122 | 29,883 | 24,947 | 23,320 | 20,163 |
Income tax expense | |||||||||
12,787 | 9,632 | 26,978 | 13,665 | 11,975 | 11,856 | 10,736 | 8,916 | 6,497 | 6,370 |
Net Income (Loss) Attributable to Parent | |||||||||
40,235 | 40,079 | 24,768 | 26,130 | 19,531 | 20,266 | 19,147 | 16,031 | 16,823 | 13,793 |
Earnings Per Share [Abstract] | |||||||||
Basic (usd per share) | |||||||||
0.86 | 0.87 | 0.55 | 0.59 | 0.46 | 0.41 | 0.35 | 0.30 | 0.30 | 0.24 |
Diluted (usd per share) | |||||||||
0.85 | 0.85 | 0.53 | 0.57 | 0.45 | 0.41 | 0.34 | 0.29 | 0.30 | 0.24 |
Basic weighted average shares outstanding (in shares) | |||||||||
46,783 | 46,319 | 45,325 | 44,374 | 42,285 | 49,006 | 54,637 | 54,339 | 56,216 | 58,066 |
Diluted weighted average shares outstanding (in shares) | |||||||||
47,163 | 47,107 | 46,875 | 45,717 | 43,478 | 50,032 | 55,560 | 55,115 | 56,842 | 58,461 |
Net Income (Loss) Attributable to Parent | |||||||||
40,235 | 40,079 | 24,768 | 26,130 | 19,531 | 20,266 | 19,147 | 16,031 | 16,823 | 13,793 |
Other comprehensive income: | |||||||||
Unrealized gains on debt securities available-for-sale: | |||||||||
Net unrealized holding gains | |||||||||
19,666 | -5,203 | -283 | -2,202 | -3,676 | 8,535 | -37,449 | 3,418 | 13,267 | -105 |
Less: reclassification adjustment for net losses (gains) included in net income | |||||||||
514 | 178 | 169 | 306 | 57 | 382 | 2,254 | 2,150 | -2,754 | -85 |
Net unrealized gains | |||||||||
19,152 | -5,381 | -452 | -2,508 | -3,733 | 8,153 | -39,703 | 1,268 | 10,513 | -190 |
Post-retirement benefits adjustment | |||||||||
-77 | -240 | -74 | -244 | -21 | 1,689 | -1,134 | -85 | -10 | -46 |
Reclassification adjustment for other-than-temporary impairment (OTTI) included in net income (included OTTI losses on securities) | |||||||||
- | - | - | - | - | - | -434 | -24 | -409 | -154 |
Other comprehensive income (loss), before tax | |||||||||
19,229 | -5,141 | -378 | -2,264 | -3,712 | 6,464 | -38,135 | 1,377 | 10,932 | 10 |
Income tax expense related to net unrealized holding gains on debt securities available-for-sale | |||||||||
5,505 | -1,462 | -113 | -894 | -1,476 | 3,408 | -14,980 | 1,432 | 5,306 | - |
Income tax benefit related to reclassification adjustment for (losses) gains included in net income | |||||||||
144 | 50 | 68 | 122 | 23 | 153 | 902 | 860 | -1,102 | - |
Income tax expense related to post retirement benefit adjustment | |||||||||
-22 | -67 | -30 | -98 | -8 | 676 | -454 | -34 | 4 | - |
Income tax benefit related to reclassification adjustment for OTTI impairment included in net income | |||||||||
- | - | - | - | - | - | -174 | -10 | -164 | - |
Income tax expense related to items of other comprehensive income | |||||||||
- | - | - | - | - | - | - | - | - | 1,245 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | |||||||||
13,846 | -3,696 | -227 | -1,346 | -2,221 | 3,885 | -22,881 | 761 | 6,560 | -1,235 |
Comprehensive income | |||||||||
54,081 | 36,383 | 24,541 | 24,784 | 17,310 | 24,151 | -3,734 | 16,792 | 23,383 | 12,558 |