Condensed Parent Company Only Statements (Tables)
 12 Months Ended
Dec. 31, 2013
Condensed Parent Company Only Statements [Abstract]  
Statements of Financial Condition
Statements of Financial Condition

 
 
December 31,
 
 
 
2013
  
2012
 
 
 
(In Thousands)
 
Assets
 
  
 
Cash and cash equivalents
 
$
349
   
337
 
Securities available for sale (at fair value)
  
5,160
   
5,070
 
Investment in subsidiaries
  
205,776
   
195,451
 
Other assets
  
3,276
   
1,926
 
Total Assets
 
$
214,561
   
202,784
 
 
        
Liabilities and shareholders' equity
        
Liabilities:
        
Other liabilities
  
89
   
150
 
Shareholders' equity
        
Preferred Stock (par value $.01 per share), Authorized - 20,000,000 shares, no shares issued
  
-
   
-
 
Common stock (par value $.01 per share), Authorized - 200,000,000 shares in 2013 and 2012, Issued - 34,073,670 in 2013 and 34,072,909 in 2012, Outstanding -  31,349,317 in 2013 and 31,348,556 in 2012
  
341
   
341
 
Additional paid-in-capital
  
110,480
   
110,490
 
Retained earnings
  
151,195
   
136,487
 
Unearned ESOP shares
  
(854
)
  
(1,708
)
Treasury stock (2,724,353 shares), at cost
  
(45,261
)
  
(45,261
)
Accumulated other comprehensive (loss) income (net of taxes)
  
(1,429
)
  
2,285
 
Total shareholders' equity
  
214,472
   
202,634
 
Total liabilities and shareholders' equity
 
$
214,561
   
202,784
 
 
Statements of Operations
Statements of Operations

 
 
For the year ended December 31,
 
 
 
2013
  
2012
  
2011
 
 
 
(In Thousands)
 
 
 
  
  
 
Interest income
 
$
586
   
644
   
669
 
Equity in income (loss) of subsidiaries
  
14,468
   
33,448
   
(8,250
)
Total income (loss)
  
15,054
   
34,092
   
(7,581
)
 
            
Compensation
  
(118
)
  
(523
)
  
(605
)
Professional fees
  
16
   
3
   
57
 
Other expense
  
287
   
279
   
440
 
Total expense (income)
  
185
   
(241
)
  
(108
)
 
            
Income (loss) before income tax expense
  
14,869
   
34,333
   
(7,473
)
 
            
Income tax expense (benefit)
  
161
   
(581
)
  
-
 
Net income (loss)
 
$
14,708
   
34,914
   
(7,473
)
 
Statements of Cash Flows
Statements of Cash Flows

 
 
For the year ended December 31,
 
 
 
2013
  
2012
  
2011
 
 
 
(In Thousands)
 
Cash flows from operating activities
 
  
  
 
Net income (loss)
 
$
14,708
   
34,914
   
(7,473
)
Adjustments to reconcile net income (loss) to net  cash (used in) provided by operating activities:
            
Amortization of unearned ESOP
  
718
   
306
   
202
 
Stock based compensation
  
126
   
145
   
1,593
 
Deferred income taxes
  
(21
)
  
(954
)
  
(71
)
Equity in (earnings) loss of subsidiaries
  
(14,468
)
  
(33,448
)
  
8,250
 
Change in other assets and liabilities
  
(1,051
)
  
(1,147
)
  
(1,537
)
Net cash provided by (used in) operating activities
  
12
   
(184
)
  
964
 
 
            
Cash flows used in investing activities:
            
Capital contributions to subsidiary
  
-
   
-
   
(1,000
)
Net cash used in investing activities
  
-
   
-
   
(1,000
)
 
            
Net cash provided by (used in) financing activities
  
-
   
-
   
-
 
Net increase (decrease) in cash
  
12
   
(184
)
  
(36
)
Cash and cash equivalents at beginning of year
  
337
   
521
   
557
 
Cash and cash equivalents at end of year
 
$
349
   
337
   
521