|
Other operating expenses
|
|
$2.4m
|
$3.4m
|
$4.6m
|
$5.1m
|
$4.8m
|
$4.3m
|
$4.6m
|
|
Interest on loans receivable
|
|
$49.3m
|
$52.4m
|
$65.5m
|
$69.9m
|
$95.8m
|
$130.5m
|
$162.5m
|
|
Interest on deposits due from banks
|
|
$617k
|
$84k
|
$20k
|
$713k
|
$5.0m
|
$8.7m
|
$4.7m
|
|
Interest and dividend on securities and FHLBNY stock
|
|
$568k
|
$866k
|
$1.5m
|
$12.2m
|
$25.1m
|
$23.5m
|
$18.4m
|
|
Interest on certificates of deposit
|
|
$7.7m
|
$6.6m
|
$4.2m
|
$3.5m
|
$16.6m
|
$27.8m
|
$28.4m
|
|
Interest on other deposits
|
|
$2.8m
|
$2.2m
|
$1.4m
|
$6.5m
|
$18.6m
|
$30.9m
|
$36.7m
|
|
Interest on borrowings
|
|
$1.9m
|
$2.6m
|
$2.6m
|
$6.2m
|
$25.5m
|
$27.5m
|
$20.6m
|
|
Net interest income
|
|
$38.1m
|
$42.0m
|
$58.8m
|
$66.6m
|
$65.3m
|
$76.5m
|
$99.8m
|
|
Provision for credit losses (Note 3) (Note 5)
|
|
—
|
—
|
$2.7m
|
$24.0m
|
$973k
|
$1.3m
|
$3.8m
|
|
Net interest income after provision (benefit) for credit losses
|
|
$37.9m
|
$39.5m
|
$56.1m
|
$42.6m
|
$64.3m
|
$75.1m
|
$96.0m
|
|
Service charges and fees
|
|
$971k
|
$892k
|
$1.7m
|
$1.8m
|
$2.0m
|
$2.0m
|
$2.1m
|
|
Brokerage commissions
|
|
$212k
|
$974k
|
$1.3m
|
$1.0m
|
$80k
|
$61k
|
$35k
|
|
Late and prepayment charges
|
|
$755k
|
$358k
|
$1.2m
|
$623k
|
$2.4m
|
$1.2m
|
$2.8m
|
|
Income on sale of mortgage loans
|
|
—
|
$4.1m
|
$5.3m
|
$741k
|
$598k
|
$1.0m
|
$622k
|
|
Income on sale of SBA loans
|
|
—
|
—
|
—
|
—
|
—
|
$148k
|
$404k
|
|
Loan origination
|
|
—
|
$925k
|
$3.0m
|
$1.3m
|
—
|
—
|
—
|
|
Grant income
|
|
—
|
—
|
—
|
—
|
$4.2m
|
—
|
$1.3m
|
|
Loss on sale of premises and equipment
|
|
—
|
$4.2m
|
$20.3m
|
($436k)
|
—
|
—
|
—
|
|
Other
|
|
$745k
|
$1.8m
|
$1.9m
|
$1.4m
|
$1.0m
|
$2.8m
|
$2.2m
|
|
Compensation and benefits
|
|
$18.9m
|
$22.1m
|
$23.3m
|
$27.9m
|
$30.7m
|
$30.9m
|
$31.4m
|
|
Occupancy and equipment
|
|
$7.6m
|
$9.6m
|
$11.3m
|
$14.0m
|
$14.6m
|
$14.9m
|
$15.8m
|
|
Insurance and surety bond premiums
|
|
$414k
|
$553k
|
$585k
|
$870k
|
$1.0m
|
$1.1m
|
$1.3m
|
|
Office supplies, telephone and postage
|
|
$1.2m
|
$1.4m
|
$2.1m
|
$1.6m
|
$1.5m
|
$998k
|
$700k
|
|
Professional fees
|
|
$3.2m
|
$6.0m
|
$7.6m
|
$5.9m
|
$7.1m
|
$6.1m
|
$5.5m
|
|
Microloans recoveries
|
|
—
|
—
|
—
|
—
|
($1.5m)
|
($201k)
|
—
|
|
Federal deposit insurance and regulatory assessment
|
|
—
|
—
|
—
|
$704k
|
$1.5m
|
$1.6m
|
$1.4m
|
|
Provision for income taxes (Note 10)
|
|
($924k)
|
$1.4m
|
$8.2m
|
($6.8m)
|
$2.5m
|
$4.7m
|
$9.7m
|
|
Dividends on preferred shares
|
|
—
|
—
|
—
|
—
|
—
|
$638k
|
$1.1m
|
|
Total interest and dividend income
|
|
$50.5m
|
$53.3m
|
$67.1m
|
$82.8m
|
$125.9m
|
$162.6m
|
$185.5m
|
|
Total non-interest income
|
|
$2.7m
|
$13.2m
|
$34.6m
|
$6.4m
|
$10.2m
|
$7.2m
|
$9.4m
|
|
Income before income taxes
|
|
($6.0m)
|
$5.2m
|
$33.6m
|
($36.8m)
|
$5.9m
|
$15.7m
|
$38.4m
|
|
Net income
|
|
($5.1m)
|
$3.9m
|
$25.4m
|
($30.0m)
|
$3.4m
|
$11.0m
|
$28.7m
|
|
Net income (loss) available to common stockholders
|
|
($5.1m)
|
$3.9m
|
$25.4m
|
($30.0m)
|
$3.4m
|
$10.3m
|
$27.6m
|
|
Basic
|
|
($0.29)
|
$0.23
|
$1.52
|
($1.32)
|
$0.15
|
$0.49
|
$1.26
|
|
Diluted
|
|
($0.29)
|
$0.23
|
$1.51
|
($1.32)
|
$0.15
|
$0.49
|
$1.24
|
|
Data processing expenses
|
|
$1.6m
|
$2.1m
|
$3.0m
|
$3.8m
|
$5.1m
|
$4.4m
|
$4.9m
|
|
Direct loan expenses
|
|
$692k
|
$1.4m
|
$3.9m
|
$2.5m
|
$1.6m
|
$2.6m
|
$900k
|
|
Marketing and promotional expenses
|
|
$158k
|
$488k
|
$206k
|
$593k
|
$825k
|
$714k
|
$627k
|
|
Total interest expense
|
|
$12.4m
|
$11.4m
|
$8.3m
|
$16.1m
|
$60.6m
|
$86.2m
|
$85.7m
|
|
Total non-interest expense
|
|
$46.6m
|
$47.5m
|
$57.1m
|
$85.8m
|
$68.7m
|
$66.7m
|
$67.0m
|