|
Consolidated Statements of Financial Condition (USD $)
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Assets |
|
|
| Cash |
$ 428,832,000 |
$ 37,129,000 |
| Federal funds sold |
93,000 |
28,576,000 |
| Interest-earning deposits in other financial institutions and other short term investments |
244,000 |
5,764,000 |
| Cash and cash equivalents |
429,169,000 |
71,469,000 |
| Securities available for sale (at fair value) |
213,418,000 |
205,017,000 |
| Securities held to maturity (at amortized cost), fair value of $2,648 in 2011 |
0 |
0 |
| Loans held for sale (at fair value) |
97,021,000 |
133,613,000 |
| Loans receivable |
1,092,676,000 |
1,133,672,000 |
| Less: Allowance for loan losses |
24,264,000 |
31,043,000 |
| Loans receivable, net |
1,068,412,000 |
1,102,629,000 |
| Office properties and equipment, net |
27,090,000 |
26,935,000 |
| Federal Home Loan Bank stock (at cost) |
17,500,000 |
20,193,000 |
| Cash surrender value of life insurance |
39,378,000 |
38,061,000 |
| Real estate owned |
22,663,000 |
35,974,000 |
| Prepaid expenses and other assets |
32,388,000 |
27,185,000 |
| Total assets |
1,947,039,000 |
1,661,076,000 |
| Liabilities: |
|
|
| Demand deposits |
93,275,000 |
84,140,000 |
| Money market and savings deposits |
513,716,000 |
118,453,000 |
| Time deposits |
637,750,000 |
736,920,000 |
| Total deposits |
1,244,741,000 |
939,513,000 |
| Short-term borrowings |
21,197,000 |
45,888,000 |
| Long-term borrowings |
434,000,000 |
434,000,000 |
| Advance payments by borrowers for taxes |
2,482,000 |
1,672,000 |
| Other liabilities |
30,147,000 |
37,369,000 |
| Total liabilities |
1,732,567,000 |
1,458,442,000 |
| Shareholders' equity: |
|
|
| Preferred stock (par value $.01 per share) Authorized 20,000,000 shares, no shares issued |
0 |
0 |
| Common stock (par value $.01 per share) Authorized - 200,000,000 shares in 2012 and 2011 Issued - 34,072,909 in 2012 and 33,974,450 in 2011 Outstanding - 31,348,556 in 2012 and 31,250,097 in 2011 |
341,000 |
341,000 |
| Additional paid-in capital |
110,480,000 |
110,490,000 |
| Retained earnings |
151,195,000 |
136,487,000 |
| Unearned ESOP shares |
(854,000) |
(1,708,000) |
| Accumulated other comprehensive income, net of taxes |
(1,429,000) |
2,285,000 |
| Treasury shares (2,724,353 shares), at cost |
(45,261,000) |
(45,261,000) |
| Total shareholders' equity |
214,472,000 |
202,634,000 |
| Total liabilities and shareholders' equity |
$ 1,947,039,000 |
$ 1,661,076,000 |