Delaware		30-0628335
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification Number)
370 Pascack Road, Township of Washington		07676
(Address of Principal Executive Offices)		Zip Code

Title of each class		Name of each exchange on which registered
Common Stock, $0.01 par value		The NASDAQ Stock Market, LLC

Large accelerated filer 

Accelerated filer 

Non-accelerated filer 

Small reporting company 

		Page
	Part I
Item 1.	Business	1
Item 1A.	Risk Factors	26
Item 1B.	Unresolved Staff Comments	29
Item 2.	Properties	30
Item 3.	Legal Proceedings	30
Item 4.	Mine Safety Disclosures	30
	Part II
Item 5.	Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	30
Item 6.	Selected Financial Data	32
Item 7.	Management's Discussion and Analysis of Financial Condition and Results of Operations	33
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk	51
Item 8.	Financial Statements and Supplemental Data	51
Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	52
Item 9A.	Controls and Procedures	52
Item 9B.	Other Information	53
	Part III
Item 10.	Directors, Executive Officers and Corporate Governance	53
Item 11.	Executive Compensation	53
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	53
Item 13.	Certain Relationships and Related Transactions, and Director Independence	54
Item 14.	Principal Accountant Fees and Services	54
	Part IV
Item 15.	Exhibits and Financial Statement Schedules	54
Signatures		108

		June 30,
		2016								2015								2014								2013								2012
		Amount				Percent				Amount				Percent				Amount				Percent				Amount				Percent				Amount				Percent
		(Dollars in thousands)
Residential		$	223,701				7.1	%		$	186,342				6.7	%		$	158,180				6.2	%		$	151,372				6.5	%		$	168,745				8.3	%
Residential CRE			1,596,876				50.3				1,229,816				43.9				998,439				39.3				996,168				43.1				757,597				37.3
Credit/Grocery Retail CRE			457,058				14.4				481,216				17.2				624,705				24.5				364,741				15.7				298,907				14.7
Other CRE			887,443				28.0				894,016				32.0				729,071				28.6				760,336				32.8				757,615				37.3
Construction and land loans			4,810				0.2				6,132				0.2				34,951				1.4				44,537				1.9				48,887				2.4
Total loans			3,169,888				100.0	%			2,797,522				100.0	%			2,545,346				100.0	%			2,317,154				100.0	%			2,031,751				100.0	%
Other items:
Net deferred loan origination fees			7,980								10,421								10,051								9,991								7,747
Allowance for loan losses			29,951								30,889								31,401								31,381								31,187
Total loans, net		$	3,131,957							$	2,756,212							$	2,503,894							$	2,275,782							$	1,992,817

		Residential								Residential CRE								Credit/Grocery Retail CRE								Other CRE								Construction and Land Loans								Total
		Amount				Weighted Average Rate				Amount				Weighted Average Rate				Amount				Weighted Average Rate				Amount				Weighted Average Rate				Amount				Weighted Average Rate				Amount				Weighted Average Rate
Due During the Years Ended June 30,		(Dollars in thousands)
2017		$	17,407				5.25	%		$	5,887				4.46	%		$	3,187				6.25	%		$	21,823				4.91	%		$	731				4.85	%		$	49,035				5.06	%
2018 to 2019			5,868				4.32				27,327				4.03				16,313				3.89				70,783				4.96				3,773				4.25				124,064				4.56
2020 to 2021			2,932				4.63				58,522				3.99				54,635				3.53				88,840				4.82				—				—				204,929				4.24
2022 to 2026			10,120				4.32				1,145,664				3.61				316,836				3.72				508,541				4.04				—				—				1,981,161				3.74
2027 to 2031			28,883				3.66				242,498				3.34				30,422				4.51				154,910				4.61				—				—				456,713				3.87
2032 and beyond			158,491				4.01				116,978				4.24				35,665				5.04				42,546				4.57				306				5.75				353,986				4.26
Total		$	223,701				4.09	%		$	1,596,876				3.64	%		$	457,058				3.88	%		$	887,443				4.34	%		$	4,810				4.44	%		$	3,169,888				3.90	%

		2017
		Fixed				Adjustable				Total
		(In thousands)
Residential		$	171,499			$	34,795			$	$206,294
Residential CRE			200,185				1,390,804				1,590,989
Credit/Grocery Retail CRE			131,542				322,329				453,871
Other CRE			238,569				627,051				865,620
Construction and land loans			306				3,773				4,079
Total loans		$	742,101			$	2,378,752			$	3,120,853

		At June 30,
		2016 (1)				2015 (2)				2014 (3)				2013 (4)				2012 (5)
Non-performing assets		(Dollars in thousands)
Non-accrual loans:
Residential		$	931			$	1,329			$	5,350			$	4,044			$	4,847
Residential CRE			310				311				3,508				7,139				616
Other CRE			8,671				10,711				8,670				9,539				6,242
Construction and land loans			56				224				444				3,188				6,637
Total non-accrual loans		$	9,968			$	12,575			$	17,972			$	23,910			$	18,342
Loans greater than 90 days delinquent and still accruing		$	—			$	—			$	—			$	—			$	—
Total non-performing loans		$	9,968			$	12,575			$	17,972			$	23,910			$	18,342
Real estate owned			487				4,059				3,850				1,742				2,740
Total non-performing assets		$	10,455			$	16,634			$	21,822			$	25,652			$	21,082
Ratios:
Non-performing loans to total loans			0.31	%			0.45	%			0.71	%			1.03	%			0.90	%
Non-performing assets to total assets			0.28	%			0.50	%			0.69	%			0.91	%			0.78	%
Troubled Debt Restructurings
Non-performing TDRs (included in nonaccrual loans)
Residential			184				188				3,080				200				—
Residential CRE			310				311				501				468				—
Other CRE			3,703				2,710				4,386				1,087				—
Construction and land loans			56				224				—				—				6,636
Total Non-performing TDRs		$	4,253			$	3,433			$	7,967			$	1,755			$	6,636
Performing TDRs
Residential			—				—				—				372				379
Other CRE			386				418				—				—				4,712
Construction and land loans			—				—				—				1,664				—
Total Performing TDRs			386				418				—				2,036				5,091
Total Troubled Debt Restructurings		$	4,639			$	3,851			$	7,967			$	3,791			$	11,727

		Loans Delinquent For
		60-89 Days								90 Days and over								Total
		Number				Amount				Number				Amount				Number				Amount
		(Dollars in thousands)
At June 30, 2016
Residential			3			$	531				5			$	684				8			$	1,215
Residential CRE			1				1,166				—				—				1				1,166
Other CRE			—				—				4				1,641				4				1,641
Construction and land loans			—				—				1				56				1				56
Total			4			$	1,697				10			$	2,381				14			$	4,078
At June 30, 2015							—								—								—
Residential			3			$	432				4			$	888				7			$	1,320
Residential CRE			1				311				—				—				1				311
Other CRE			—				—				3				3,569				3				3,569
Construction and land loans			—				—				1				224				1				224
Total			4			$	743				8			$	4,681				12			$	5,424
At June 30, 2014							—								—								—
Residential			1			$	214				6			$	2,374				7			$	2,588
Residential CRE			—				—				3				3,007				3				3,007
Other CRE			—				—				5				3,580				5				3,580
Construction and land loans			—				—				4				444				4				444
Total			1			$	214				18			$	9,405				19			$	9,619
At June 30, 2013							—								—								—
Residential			6			$	1,530				6			$	3,088				12			$	4,618
Residential CRE			1				203				3				7,139				4				7,342
Other CRE			5				1,710				7				7,963				12				9,673
Construction and land loans			—				—				1				3,188				1				3,188
Total			12			$	3,443				17			$	21,378				29			$	24,821
At June 30, 2012
Residential			3			$	1,729				12			$	4,806				15			$	6,535
Residential CRE			1				1,125				3				616				4				1,741
Other CRE			3				2,520				11				6,242				14				8,762
Construction and land loans			1				3,188				1				4,895				2				8,083
Total			8			$	8,562				27			$	16,559				35			$	25,121

	Classified Assets At
	June 30, 2016								June 30, 2015								June 30, 2014
	Number				Amount				Number				Amount				Number				Amount
	(Dollars in thousands)
Substandard assets:
Residential			9			$	4,377				9			$	4,921				9			$	5,350
Residential CRE			1				310				3				5,690				5				3,508
Other CRE			21				19,866				20				19,885				28				53,998
Construction and land loans			1				56				1				224				4				444
Total			32			$	24,609				33			$	30,720				46			$	63,300

		At or For the Years Ended June 30,
		2016				2015				2014				2013				2012
		(Dollars in thousands)
Balance at beginning of period		$	30,889			$	31,401			$	31,381			$	31,187			$	26,514
Charge-offs:
Residential			98				333				24				86				669
Residential CRE			—				—				1,226				—				194
Other CRE			849				380				459				1,305				2,127
Construction and land loans			—				—				—				2,418				897
Total charge-offs			947				713				1,709				3,809				3,887
Recoveries:
Residential			—				—				—				—				18
Residential CRE			—				—				10				115				—
Other CRE			9				—				17				—				—
Construction and land loans			—				1				1,002				38				42
Total recoveries			9				1				1,029				153				60
Net charge-offs			(938	)			(712	)			(680	)			(3,656	)			(3,827	)
Provision for loan losses			—				200				700				3,850				8,500
Balance at end of year		$	29,951			$	30,889			$	31,401			$	31,381			$	31,187
Ratios:
Net charge-offs to average loans outstanding			0.03	%			0.03	%			0.03	%			0.17	%			0.21	%
Allowance for loan losses to total loans at end of period			0.94	%			1.10	%			1.23	%			1.35	%			1.53	%

	At June 30,
	2016									2015								2014
	Allowance for Loan Losses					Percent of Loans in Each Category to Total Loans				Allowance for Loan Losses				Percent of Loans in Each Category to Total Loans				Allowance for Loan Losses				Percent of Loans in Each Category to Total Loans
	(Dollars in thousands)
Residential		$	1,300				7.1	%		$	1,521				6.7	%		$	1,568				6.2	%
Residential CRE			12,837				50.4	%			10,814				44.0	%			5,327				39.2	%
Credit/Grocery Retail CRE			3,646				14.4	%			4,042				17.2	%			2,652				16.5	%
Other CRE			11,850				28.0	%			13,943				32.0	%			17,995				36.7	%
Construction and land loans			318				0.2	%			569				0.2	%			1,108				1.4	%
Unallocated			—				0.0	%			—				0.0	%			2,751				0.0	%
Total		$	29,951				100.0	%		$	30,889				100.0	%		$	31,401				100.0	%

	At June 30,
	2013									2012
	Allowance for Loan Losses				Percent of Loans in Each Category to Total Loans					Allowance for Loan Losses			Percent of Loans in Each Category to Total Loans
					(Dollars in thousands)
Residential		$	2,592				6.5	%		$	2,818				8.3	%
Residential CRE			5,539				43.0	%			3,307				37.3	%
Credit/Grocery Retail CRE			1,947				9.9	%			2,050				10.6	%
Other CRE			17,460				38.7	%			18,191				41.4	%
Construction and land loans			1,233				1.9	%			2,498				2.4	%
Unallocated			2,610				0.0	%			2,323				0.0	%
Total		$	31,381				100.0	%		$	31,187				100.0	%

	At June 30,
	2016									2015								2014
	Amortized Cost					Fair Value				Amortized Cost				Fair Value				Amortized Cost				Fair Value
	(In thousands)
United States Government and federal agency obligations		$	6,750			$	6,752			$	—			$	—			$	—			$	—
Mortgage-backed securities:
Freddie Mac			9,129				9,291				1,638				1,770				2,315				2,460
Fannie Mae			83,112				84,689				55,808				55,440				27,896				27,755
Ginnie Mae			1,398				1,464				1,928				2,012				2,211				2,324
Collateralized mortgage obligations			67,718				68,510				48,616				48,527				—				—
Total securities held to maturity		$	168,107			$	170,706			$	107,990			$	107,749			$	32,422			$	32,539

	At June 30,
	2016									2015								2014
	Amortized Cost					Fair Value				Amortized Cost				Fair Value				Amortized Cost				Fair Value
	(In thousands)
United States Government and federal agency obligations		$				$				$				$				$	4,996			$	5,087
Equity securities			601				1,125				1,208				2,110				1,208				1,971
Mortgage-backed securities:
Freddie Mac			815				849				5,162				5,325				6,883				7,150
Fannie Mae			14,650				15,185				36,432				36,855				67,543				69,095
Collateralized mortgage obligations			123,173				124,691				213,569				214,673				298,868				300,834
Total securities available for sale		$	139,239			$	141,850			$	256,371			$	258,963			$	379,498			$	384,137

		One Year or Less								More than One Year through Five Years								More than Five Years through Ten Years								More than Ten Years								Total Securities
		Amortized Cost				Weighted Average Yield				Amortized Cost				Weighted Average Yield				Amortized Cost				Weighted Average Yield				Amortized Cost				Weighted Average Yield				Amortized Cost				Fair Value				Weighted Average Yield
		(Dollars in thousands)
Securities Held to Maturity
United States Government and federal agency obligations		$	—				—	%		$	6,750				1.18	%		$	—				—	%		$	—				—	%		$	6,750			$	6,752				1.18	%
Mortgage-backed securities:
Freddie Mac			—				—				—				—				57				5.09				9,072				2.05				9,129				9,291				2.07
Fannie Mae			—				—				4,505				2.33				9,493				2.21				69,114				2.02				83,112				84,689				2.06
Ginnie Mae			—				—				—				—				—				—				1,398				2.92				1,398				1,464				2.92
Collateralized mortgage obligations			—				—				—				—				9,651				1.71				58,067				1.81				67,718				68,510				1.80
Total securities held to maturity		$	—				—			$	11,255				1.64	%		$	19,201				1.97	%		$	137,651				1.94	%		$	168,107			$	170,706				1.88	%
Securities Available for Sale
Equity securities			601				—				—				—	%			—				—			$	—				—				601				1,125				—	%
Mortgage-backed securities:
Freddie Mac			—				—				815				4.89				—				—				—				—				815				849				4.89
Fannie Mae			—				—				5,151				3.99				8,744				1.62				755				2.75				14,650				15,185				2.51
Collateralized mortgage obligations			—				—				18,939				2.14				22,508				2.11				81,726				1.98				123,173				124,691				2.03
Total securities available for sale		$	601				—			$	24,905				2.61	%		$	31,252				1.97	%		$	82,481				1.99	%		$	139,239			$	141,850				2.09	%

	At June 30,
	2016												2015												2014
	Balance				Percent				Weighted Average Rate				Balance				Percent				Weighted Average Rate				Balance				Percent				Weighted Average Rate
	(Dollars in thousands)
Deposit type:
Checking accounts		$	453,136				20.05	%			0.36	%		$	436,172				22.22	%			0.37	%		$	444,239				28.09	%			0.47	%
Money market accounts			681,710				30.16	%			0.50	%			589,012				30.01	%			0.56	%			427,909				27.07	%			0.52	%
Savings accounts			165,623				7.33	%			0.24	%			160,020				8.15	%			0.24	%			161,813				10.24	%			0.24	%
Time deposits			959,534				42.46	%			1.31	%			777,533				39.62	%			1.15	%			547,014				34.60	%			1.01	%
Total deposits		$	2,260,003				100.00	%			0.80	%		$	1,962,737				100.00	%			0.73	%		$	1,580,975				100.00	%			0.65	%

		At June 30, 2016
		(In thousands)
Three months or less		$	45,036
Over three months through six months			33,358
Over six months through one year			61,778
Over one year to three years			41,544
Over three years			21,698
Total		$	203,414

	At or For the Years Ended June 30,
	2016					2015				2014
	(Dollars in thousands)
Balance at end of period		$	781,623			$	796,372			$	967,443
Average balance during period		$	731,078			$	871,396			$	863,355
Maximum outstanding at any month end		$	842,194			$	1,043,523			$	998,393
Weighted average interest rate at end of period			1.39	%			2.39	%			2.18	%
Average interest rate during period			2.21	%			2.66	%			2.60	%

	As of June 30, 2016
	The Company									The Bank
	Capital					Percent of Assets (1)				Capital				Percent of Assets (1)
	(Dollars in thousands)
Common equity tier 1 (to risk-weighted assets)		$	545,272				16.77	%		$	466,987				14.36	%
Tier 1  capital (to risk-weighted assets)			545,272				16.77	%			466,987				14.36	%
Total capital (to risk-weighted assets)			575,223				17.69	%			496,938				15.28	%
Tier 1  Leverage capital (to average assets)			545,272				14.94	%			466,987				12.86	%
Capital conservation buffer			315,034				9.69	%			236,871				7.29	%

	For the Years Ended June 30,
	2016												2015
	High				Low				Dividends				High				Low				Dividends
First Quarter		$	$16.42			$	$14.70			$	$0.175			$	$15.65			$	$14.04			$	$0.175
Second Quarter			17.43				15.21			$	$0.675	(1)			15.62				13.69			$	$0.425	(1)
Third Quarter			17.38				14.95			$	$0.175				15.51				14.04			$	$0.175
Fourth Quarter			17.63				15.27			$	$0.175				16.41				14.40			$	$0.175

		At June 30,
		2016				2015				2014				2013				2012
		(In thousands)
Selected Financial Condition Data:
Total assets		$	3,669,338			$	3,353,065			$	3,140,200			$	2,831,922			$	2,700,982
Loans, net			3,131,957				2,756,212				2,503,894				2,275,782				1,992,817
Securities available for sale, at market value			141,850				258,963				384,137				318,290				499,951
Mortgage-backed securities held to maturity			168,107				107,990				32,422				41,873				36,130
Bank owned life insurance			93,327				90,609				68,054				59,996				46,283
Federal Home Loan Bank of New York stock, at cost			38,003				39,898				49,046				42,770				38,222
Accrued interest receivable			9,943				9,266				10,214				10,114				10,630
Investments in real estate joint ventures, net			4,307				6,658				6,391				4,635				5,441
Real estate held for investment			—				655				917				1,070				1,123
Deposits			2,260,003				1,962,737				1,580,975				1,419,703				1,389,706
Borrowings			781,623				796,372				967,443				833,672				745,865
Stockholders' equity			535,200				517,670				526,292				518,710				510,709
Selected Operating Data:
Interest income		$	134,324			$	131,759			$	$128,226			$	$127,228			$	$121,990
Interest expense			34,023				35,009				31,103				29,798				33,333
Net interest income			100,301				96,750				97,123				97,430				88,657
Provision for loan losses			—				200				700				3,850				8,500
Net interest income after provision for loan losses			100,301				96,550				96,423				93,580				80,157
Other income			44,244				19,282				5,602				5,820				5,401
Other expense			63,716				42,716				39,478				37,877				35,451
Income before income tax expense			80,829				73,116				62,547				61,523				50,107
Income tax expense			28,534				26,214				21,488				21,979				18,457
Net income		$	52,295			$	46,902			$	41,059			$	39,544			$	31,650

	At or For the Years Ended June 30,
	2016			2015				2014			2013			2012
Selected Financial Ratios and Other Data:
Performance Ratios:
Return on assets (ratio of net income to average total assets)		1.50%			1.44%				1.40%			1.43%			1.21%
Return on equity (ratio of net income to average equity)		9.91%			9.10%				7.80%			7.68%			5.95%
Average interest rate spread (1)		2.89%			2.97%				3.29%			3.45%			3.24%
Net interest margin (2)		3.04%			3.14%				3.50%			3.69%			3.55%
Efficiency ratio (3)		44.08%			36.81%				38.43%			36.68%			37.69%
Non-interest expense to average total assets		1.83%			1.31%				1.35%			1.37%			1.36%
Average interest-earning assets to average interest-bearing liabilities		114.96%			115.18%				118.42%			120.49%			123.33%
Asset Quality Ratios:
Non-performing assets to total assets		0.28%			0.50%				0.69%			0.91%			0.78%
Non-performing loans to total loans		0.31%			0.45%				0.71%			1.03%			0.90%
Allowance for loan losses to total loans		0.94%			1.10%				1.23%			1.35%			1.53%
Capital Ratios:
Common equity Tier 1 capital (to risk-weighted assets)		16.77%			17.79%				19.05%			20.91%			23.23%
Total capital (to risk-weighted assets)		17.69%			18.85%				20.19%			22.16%			24.48%
Tier I capital (to risk-weighted assets)		16.77%			17.79%				19.05%			20.91%			23.23%
Tier I capital (to average assets)		14.94%			15.67%				17.11%			18.30%			19.02%
Other Data:
Number of full service offices		26			25				25			25			25
Full time equivalent employees		216			209				205			190			188

										Book
Entity		Type				Proceeds				Value				Gain (loss)
						(in thousands)
Oaklyn			a			$	1,963			$	(125	)		$	2,088
Palisades Park			b				9,833				304				9,529
2015 Fiscal year							11,796				179				11,617
Madison			a				2,453				(45	)			2,498
Van Buren			a				1,811				145				1,666
34 Grant			a				342				297				45
Hampshire			a				1,469				(26	)			1,495
10 Landing			a				5,807				(586	)			6,393
River Villa			a				578				274				304
MarineView			b				4,697				648				4,049
Brighton			a				1,206				80				1,126
Park Lane			b				7,021				(161	)			7,182
Parkway			b				1,701				(360	)			2,061
Park View			b				2,555				(162	)			2,717
FAO Hasbrouck Heights			a				1,624				140				1,484
FAO Terrace			a				981				437				544
FAO Gardens			a				336				362				(26	)
Winstead			b				1,848				(63	)			1,911
Ridge Manor			a				2,919				(521	)			3,440
Hawthorne			a				1,266				611				655
2016 Fiscal Year						$	38,614			$	1,070			$	37,544
Total Sales						$	50,410			$	1,249			$	49,161
a - Investment in real estate joint venture
b - Real estate held for investment

		Twelve Months Ended June 30,																Increase / (decrease)
		2016								2015												Average
		Income				Yield				Income				Yield				Income				Balance				Yield
		(Dollars in thousands)
Interest on mortgage loans		$	125,427				4.34	%		$	121,778				4.63	%		$	3,649			$	259,610				-0.29	%
Dividends on FHLB stock			1,588				4.35	%			1,908				4.38	%			(320	)			(7,007	)			-0.03	%
Interest on securities AFS			4,566				1.99	%			6,301				1.98	%			(1,735	)			(89,658	)			0.01	%
Interest on securities HTM			2,737				1.95	%			1,766				2.11	%			971				56,576				-0.16	%
Interest on federal funds sold and short term investments			6				0.36	%			6				0.25	%			-				(810	)			0.11	%
Total interest income		$	134,324				4.08	%		$	131,759				4.28	%		$	2,565			$	218,711				-0.20	%

		Twelve Months Ended June 30,																Increase / (decrease)
		2016								2015												Average
		Expense				Cost				Expense				Cost				Expense				Balance				Cost
		(Dollars in thousands)
Savings deposits		$	380				0.24	%		$	381				0.24	%		$	(1	)		$	(289	)			-	%
Money market			5,034				0.77	%			2,508				0.51	%			2,526				160,183				0.26	%
Checking accounts			1,666				0.37	%			1,732				0.38	%			(66	)			(1,298	)			-0.01	%
Time deposits			10,804				1.24	%			7,228				1.04	%			3,576				177,211				0.20	%
Total deposits			17,884				0.84	%			11,849				0.66	%			6,035				335,807				0.18	%
Borrowings			16,139				2.21	%			22,354				2.57	%			(6,215	)			(140,318	)			-0.36	%
Total interest expense		$	34,023				1.19	%		$	34,203				1.28	%		$	(180	)		$	195,489				-0.09	%

		Including Prepayment Penalties												Excluding Prepayment Penalties *
		Net Interest												Net Interest
		Income Before												Income Before
Quarter Ended		Provision				Spread				Margin				Provision				Spread				Margin
		(Dollars in thousands)
June 30, 2016		$	25,707				2.82	%			2.97	%		$	24,169				2.64	%			2.79	%
March 31, 2016			25,151				2.86	%			3.01	%			24,154				2.74	%			2.89	%
December 31, 2015			25,294				2.99	%			3.14	%			23,744				2.79	%			2.95	%
September 30, 2015			24,149				2.89	%			3.05	%			22,567				2.69	%			2.85	%
June 30, 2015			23,921				2.89	%			3.05	%			23,091				2.78	%			2.95	%
* - Prepayment penalties on loans are excluded.

		Twelve months ended
		June 30,
		2016				2015
		(Dollars in thousands)
Balance at beginning of period		$	30,889			$	31,401
Provisions charged to operations			—				200
Recoveries of loans previously charged off			9				1
Loans charged off			947				713
Balance at end of period		$	29,951			$	30,889
Allowance for loan losses to total loans			0.94	%			1.10	%
Net charge-offs to average loans
outstanding			0.032	%			0.027	%

		6/30/2016				6/30/2015				6/30/2014				6/30/2013
		(Dollars in thousands)
Delinquency Totals
30 - 59 days past due*		$	8,912			$	2,535			$	3,411			$	7,416
60 - 89 days past due*			1,698				416				214				2,643
Nonaccrual			9,968				12,575				17,972				23,910
Total		$	20,578			$	15,526			$	21,597			$	33,969
Non Performing Asset Totals
Nonaccrual loans, per above		$	9,968			$	12,575			$	17,972			$	23,910
Real Estate Owned			487				4,059				3,850				1,742
Total		$	10,455			$	16,634			$	21,822			$	25,652
Nonaccrual loans to total loans			0.31	%			0.45	%			0.71	%			1.03	%
Delinquent loans to total loans			0.65	%			0.55	%			0.85	%			1.47	%
Non performing assets to total assets			0.28	%			0.50	%			0.69	%			0.91	%

		Fiscal Year Ended June 30,																Increase / (decrease)
		2015								2014												Average
		Income				Yield				Income				Yield				Income				Balance				Yield
		(Dollars in thousands)
Interest on mortgage loans		$	121,778				4.63	%		$	119,004				5.06	%		$	2,774			$	276,098				(0.43	)%
Dividends on FHLB stock			1,908				4.38	%			1,801				4.08	%			107				(624	)			0.30	%
Interest on securities AFS			6,301				1.98	%			6,590				1.94	%			(289	)			(20,078	)			0.04	%
Interest on securities HTM			1,766				2.11	%			820				2.43	%			946				50,148				(0.32	)%
Interest on federal funds sold and short term investments			6				0.25	%			11				0.25	%			(5	)			(1,858	)			0.00	%
Total interest income		$	131,759				4.28	%		$	128,226				4.62	%		$	3,533			$	303,686				(0.34	)%

		Fiscal Year Ended June 30,																Increase / (decrease)
		2015								2014												Average
		Expense				Cost				Expense				Cost				Expense				Balance				Cost
		(Dollars in thousands)
Savings deposits		$	381				0.24	%		$	386				0.23	%		$	(5	)		$	(7,618	)			0.01	%
Money market			2,508				0.51	%			2,062				0.49	%			446				74,979				0.02	%
Checking accounts			1,732				0.38	%			1,867				0.45	%			(135	)			31,831				(0.07	)%
Time deposits			7,228				1.04	%			4,300				0.91	%			2,928				222,142				0.13	%
Total deposits			11,849				0.66	%			8,615				0.58	%			3,234				321,334				0.08	%
Borrowings			22,354				2.57	%			22,488				2.60	%			-134				8,041				(0.03	)%
Total interest expense		$	34,203				1.28	%		$	31,103				1.33	%		$	3,100			$	329,375				(0.05	)%

		Including Prepayment Penalties												Excluding Prepayment Penalties *
		Net Interest												Net Interest
		Income Before												Income Before
Quarter Ended		Provision				Spread				Margin				Provision				Spread				Margin
		(Dollars in thousands)
June 30, 2015		$	23,921				2.89	%			3.05	%		$	23,091				2.78	%			2.95	%
March 31, 2015			24,621				3.02	%			3.18	%			23,363				2.86	%			3.01	%
December 31, 2014			25,064				3.12	%			3.29	%			22,894				2.83	%			3.01	%
September 30, 2014			23,950				2.98	%			3.16	%			23,003				2.86	%			3.04	%
June 30, 2014			23,756				3.08	%			3.27	%			22,871				2.96	%			3.15	%

		6/30/2015				6/30/2014				6/30/2013				6/30/2012
		(Dollars in thousands)
Delinquency Totals
30 - 59 days past due*		$	2,535			$	3,411			$	7,416			$	13,783
60 - 89 days past due*			416				214				2,643				8,555
Nonaccrual			12,575				17,972				23,910				18,342
Total		$	15,526			$	21,597			$	33,969			$	40,680
Non Performing Asset Totals
Nonaccrual loans, per above		$	12,575			$	17,972			$	23,910			$	18,342
Real Estate Owned			4,059				3,850				1,742				2,740
Total		$	16,634			$	21,822			$	25,652			$	21,082
Nonaccrual loans to total loans			0.45	%			0.71	%			1.03	%			0.90	%
Delinquent loans to total loans			0.55	%			0.85	%			1.47	%			2.00	%
Non performing assets to total assets			0.50	%			0.69	%			0.91	%			0.78	%

		For the Years Ended June 30,
		2016												2015												2014
		Average Outstanding Balance				Interest Earned/ Paid				Average Yield/ Rate				Average Outstanding Balance				Interest Earned Paid				Average Yield/ Rate				Average Outstanding Balance				Interest Earned/ Paid				Average Yield/ Rate
		(Dollars in thousands)
Interest-earning assets:
Loans (1)		$	2,888,196			$	125,427				4.34	%		$	2,628,586			$	121,778				4.63	%		$	2,352,488			$	119,004				5.06	%
Securities available for sale			229,151				4,566				1.99	%			318,809				6,301				1.98	%			338,887				6,590				1.94	%
Securities held to maturity			140,429				2,737				1.95	%			83,853				1,766				2.11	%			33,705				820				2.43	%
Federal Home Loan Bank Stock			36,507				1,588				4.35	%			43,514				1,908				4.38	%			44,138				1,801				4.08	%
Federal funds sold and short term investments			1,674				6				0.36	%			2,484				6				0.25	%			4,342				11				0.25	%
Total interest-earning assets			3,295,957				134,324				4.08	%			3,077,246				131,759				4.28	%			2,773,560				128,226				4.62	%
Non-interest-earning assets			182,675												177,324												153,686
Total assets		$	3,478,632											$	3,254,570											$	2,927,246
Interest-bearing liabilities:
Savings deposits		$	160,302				380				0.24	%		$	160,591				381				0.24	%		$	168,209				386				0.23	%
Money market			654,899				5,034				0.77	%			494,716				2,508				0.51	%			419,737				2,062				0.49	%
Checking accounts			449,905				1,666				0.37	%			451,203				1,732				0.38	%			419,371				1,867				0.45	%
Time deposits			870,910				10,804				1.24	%			693,699				7,228				1.04	%			471,558				4,300				0.91	%
Total deposits			2,136,016				17,884				0.84	%			1,800,209				11,849				0.66	%			1,478,875				8,615				0.58	%
Borrowings			731,078				16,139				2.21	%			871,396				22,354				2.57	%			863,355				22,488				2.60	%
Total interest-bearing liabilities			2,867,094				34,023				1.19	%			2,671,605				34,203				1.28	%			2,342,230				31,103				1.33	%
Non-interest-bearing liabilities			83,579												67,735												58,429
Total liabilities			2,950,673												2,739,340												2,400,659
Stockholders' equity			527,959												515,230												526,587
Total liabilities and stockholders' equity		$	3,478,632											$	3,254,570											$	2,927,246
Net interest income						$	100,301											$	97,556											$	97,123
Net interest rate spread (2)											2.89	%											3.00	%											3.29	%
Net interest-earning assets (3)		$	428,863											$	405,641											$	431,330
Net interest margin (4)											3.04	%											3.17	%											3.50	%
Ratio of interest-earning assets to interest-bearing liabilities											114.96	%											115.18	%											118.42	%

		Years Ended June 30,												Years Ended June 30,
		2016 vs 2015												2015 vs 2014
		Increase (Decrease) Due to												Increase (Decrease) Due to
		Volume				Rate				Total Increase (Decrease)				Volume				Rate				Total Increase (Decrease)
		(In thousands)
Interest-earning assets:
Loans, net		$	12,027			$	(8,378	)		$	3,649			$	13,967			$	(11,193	)		$	2,774
Securities available for sale			(1,772	)			37				(1,735	)			(390	)			101				(289	)
Securities held to maturity			1,192				(221	)			971				1,220				(274	)			946
Federal Home Loan Bank Stock			(307	)			(13	)			(320	)			(25	)			132				107
Federal Funds sold and short term investments			(2	)			2				-				(5	)			-				(5	)
Total interest-earning assets			11,138				(8,573	)			2,565			$	14,766			$	(11,233	)		$	3,533
Interest-bearing liabilities:
Savings accounts			(1	)			-				(1	)			(17	)			12				(5	)
Money market			812				1,714				2,526				368				78				446
Checking accounts			(5	)			(61	)			(66	)			142				(277	)			(135	)
Time deposits			1,846				1,730				3,576				2,026				902				2,928
Total deposits			2,653				3,382				6,035				2,518				716				3,234
Borrowings			(3,600	)			(2,615	)			(6,215	)			209				(343	)			(134	)
Total interest-bearing liabilities			(947	)			767				(180	)			2,728				372				3,100
Change in net interest income		$	12,084			$	(9,340	)		$	2,745			$	12,039			$	(11,605	)		$	433

	(i)	originating commercial real estate loans that generally tend to have shorter interest duration and generally have interest rates that reset at five years or less (see chart below);
	(ii)	investing in shorter duration securities and mortgage-backed securities;
	(iii)	obtaining general financing through FHLB advances with a fixed long term;
	(iv)	utilizing interest rate swaps or other derivative instruments; and
	(v)	obtaining financing through the use of long term brokered deposits and listing services.

Loan Portfolio by Reprice/Maturity Date
At June 30, 2016
(Dollars in thousands)
						Weighted				% of Total				Cumulative
Repricing or Maturing Within:		Amount				Avg. Rate				Loans				Percent
Less than 1 year		$	177,980				4.36	%			5.61	%			5.61	%
1 - 3 years			931,187				3.61	%			29.38	%			34.99	%
3 - 5 years			1,044,961				3.75	%			32.97	%			67.96	%
5 -7 years			450,967				3.78	%			14.23	%			82.19	%
7 - 10 years			207,615				4.32	%			6.55	%			88.74	%
Greater than 10 years			357,178				4.77	%			11.26	%			100.00	%
		$	3,169,888				3.90	%			100.00	%

																NPV as a Percentage of Present Value of Assets (3)
Change in Interest				Estimated				Estimated Increase (Decrease) in NPV												Increase (Decrease)
Rates (basis points) (1)				NPV (2)				Amount				Percent				NPV Ratio (4)				(basis points)
				(Dollars in thousands)
	200			$	530,202			$	($72,558	)			(12.04	)%			14.86	%			(126	)
	100				566,759			$	(36,001	)			(5.97	)%			15.56	%			(57	)
	0				602,760				—				0.00	%			16.12	%			—
	-100				672,195			$	69,435				11.52	%			17.41	%			129

	(i)	expected loan demand;
	(ii)	expected deposit flows;
	(iii)	expected payments from the loan and investment portfolios;
	(iv)	funds available through borrowings;
	(v)	yields available on interest-earning deposits and securities
	(vi)	yields and structures available on alternate investments; and
	(vii)	the objectives of our asset/liability management program

		Payments Due by Period
Contractual Obligations		Less than One Year				One to Three Years				Three to Five Years				More than Five Years				Total
		(In thousands)
Federal Home Loan Bank advances		$	317,000			$	155,735			$	178,953			$	129,935			$	781,623
Operating leases			753				1,157				857				79				2,846
Total		$	317,753			$	156,892			$	179,810			$	130,014			$	784,469
Commitments to extend credit		$	39,549			$	—			$	—			$	—			$	39,549
Unadvanced construction loans		$	443			$	—			$	—			$	—			$	443
Unused lines of credit		$	15,522			$	—			$	—			$	—			$	15,522
Commitments to purchase securities		$	1,196			$	—			$	—			$	—			$	1,196

Plan		Number of Securities to be Issued Upon Exercise of Outstanding Options (1)				Weighted Average Exercise Price (2)				Number of Securities Remaining Available for Issuance Under Plan
Equity compensation plans approved by stockholders			3,734,219			$	11.50				342,407	(3)
Equity compensation plans not approved by stockholders			—				—				—
			3,734,219			$	11.50				342,407

		June 30,
Assets		2016				2015
Cash on hand and in banks		$	16,243			$	11,380
Federal funds sold and short term investments			328				3,749
Cash and cash equivalents			16,571				15,129
Loans, net			3,131,957				2,756,212
Securities available for sale, at fair value			141,850				258,963
Securities held to maturity, fair value of $170,706 and $107,749, respectively.			168,107				107,990
Bank Owned Life Insurance (at cash surrender value)			93,327				90,609
Federal Home Loan Bank of New York ("FHLB") stock, at cost			38,003				39,898
Accrued interest receivable			9,943				9,266
Investments in real estate joint ventures, net			4,307				6,658
Real estate held for investment			—				655
Real estate owned			487				4,059
Office properties and equipment, net			14,338				14,431
Deferred tax assets, net			47,360				41,356
Other assets			3,088				7,839
Total Assets		$	3,669,338			$	3,353,065
Liabilities
Deposits		$	2,260,003			$	1,962,737
Borrowings			781,623				796,372
Advance payments by borrowers for taxes and insurance			21,415				20,445
Other liabilities			71,097				55,841
Total liabilities			3,134,138				2,835,395
Stockholders' Equity
Common stock, $0.01 par value; 150,000,000 shares authorized; 56,245,065 shares issued; 45,247,420 shares outstanding at June 30, 2016 and 44,012,239 shares outstanding at June 30, 2015			562				562
Additional paid-in capital			513,177				508,999
Restricted Stock Awards			(4,242	)			(8,088	)
Treasury stock, at cost; 10,997,645 shares at June 30, 2016 and 12,232,826 shares at June 30, 2015			(146,173	)			(162,344	)
Unallocated common stock held by the employee stock ownership plan			(20,481	)			(22,803	)
Retained income			202,429				203,192
Accumulated other comprehensive income, net of tax			(10,072	)			(1,848	)
Total stockholders' equity			535,200				517,670
Total Liabilities and Stockholders' Equity		$	3,669,338			$	3,353,065

		Years ended June 30,
		2016				2015				2014
		(Dollars in thousands, except per share data)
Interest income:
Interest on mortgage loans		$	125,427			$	121,778			$	119,004
Interest on securities available for sale			4,566				6,301				6,590
Interest on securities held to maturity			2,737				1,766				820
Dividends on FHLB stock			1,588				1,908				1,801
Interest on federal funds sold and short term investments			6				6				11
Total interest income			134,324				131,759				128,226
Interest expense:
Deposits (note 10)			17,884				11,849				8,615
Borrowings (note 12)			16,139				22,354				22,488
Total interest expense			34,023				34,203				31,103
Net interest income before provision for loan losses			100,301				97,556				97,123
Provision for loan losses (note 5)			—				200				700
Net interest income after provision for loan losses			100,301				97,356				96,423
Other income:
Service charges			862				913				1,084
Real estate operations, net			301				1,350				1,135
Net income from investments in real estate joint ventures			1,177				1,805				860
Bank Owned Life Insurance income			2,718				2,555				2,018
Net gain on sale of securities			990				768				51
Net gain (loss) on sale of assets and loans			37,544				11,616				(58	)
Net gain (loss) on sale of real estate owned			328				(9	)			221
Other income			324				284				291
Total other income			44,244				19,282				5,602
Operating expenses:
Compensation, payroll taxes and benefits (notes 14 and 15)			33,774				29,745				28,593
Advertising			361				385				360
Office occupancy and equipment expense (notes 9 and 16)			3,002				3,003				3,043
Data processing service fees			2,030				1,961				1,814
Federal insurance premiums			1,649				1,571				1,340
Real estate owned expense			342				1,954				362
FHLBNY prepayment penalties			17,988				806				—
Other expenses			4,570				4,097				3,966
Total operating expenses			63,716				43,522				39,478
Income before income tax expense			80,829				73,116				62,547
Income tax expense (note 11)			28,534				26,214				21,488
Net income		$	52,295			$	46,902			$	41,059
Basic income per common share		$	1.25			$	1.13			$	0.96
Diluted income per common share		$	1.21			$	1.10			$	0.94

		Years ended June 30,
		2016				2015				2014
Net of tax:
Net income		$	52,295			$	46,902			$	41,059
Other comprehensive income, net of tax:
Change in unrealized holding gain (loss) on securities available for sale			595				(820	)			(787	)
Reclassification adjustment for security (gains) losses included in net income			(562	)			(412	)			28
Change in unrealized loss on interest rate swaps			(7,916	)			(2,111	)			(1,436	)
Amortization related to post-retirement obligations			129				54				46
Change in funded status of retirement obligations			(470	)			(753	)			(87	)
Total other comprehensive loss			(8,224	)			(4,042	)			(2,236	)
Total comprehensive income		$	44,071			$	42,860			$	38,823

		Shares Outstanding				Common stock				Additional paid-in capital				Restricted Stock Awards				Treasury stock				Un- allocated common stock held by ESOP				Retained income				Accumu- lated other compre- hensive loss, net of tax				Total stock- holders' equity
Balance at June 30, 2015			44,012,239			$	562			$	508,999			$	(8,088	)		$	(162,344	)		$	(22,803	)		$	203,192			$	(1,848	)		$	517,670
Net income			—				—				—				—				—				—				52,295				—				52,295
Other comprehensive loss, net of tax			—				—				—				—				—				—				—				(8,224	)			(8,224	)
Cash dividend declared			—				—				—				—				—				—				(50,007	)			—				(50,007	)
Purchase of treasury stock			(100,978	)			—				—				—				(1,593	)			—				—				—				(1,593	)
Issuance of restricted stock awards			10,000				—				—				(133	)			133				—				—				—				—
Compensation cost for stock options and restricted stock			—				—				5,970				—				—				—				—				—				5,970
ESOP shares allocated or committed to be released			—				—				2,095				—				—				2,322				—				—				4,417
Exercise of stock options			1,332,159				—				—				—				17,704				—				(2,999	)			—				14,705
Vesting of restricted stock awards			—				—				(3,887	)			3,906				—				—				(19	)			—				—
Forfeiture of restricted stock awards			(6,000	)			—				—				73				(73	)			—				—				—				—
Cumulative effect of change in accounting principle-adoption of ASU 2016-09			—				—				—				—				—				—				(33	)			—				(33	)
Balance at June 30, 2016			45,247,420			$	562			$	513,177			$	(4,242	)		$	(146,173	)		$	(20,481	)		$	202,429			$	(10,072	)		$	535,200

		Shares Outstanding				Common stock				Additional paid-in capital				Restricted Stock Awards				Treasury stock				Un- allocated common stock held by ESOP				Retained income				Accumu- lated other compre- hensive income (loss), net of tax				Total stock- holders' equity
Balance at June 30, 2013			45,391,031			$	562			$	499,961			$	(15,730	)		$	(141,142	)		$	(25,887	)		$	196,516			$	4,430			$	518,710
Net income			—				—				—				—				—				—				41,059				—				41,059
Other comprehensive loss, net of tax			—				—				—				—				—				—				—				(2,236	)			(2,236	)
Cash dividend declared			—				—				—				—				—				—				(40,438	)			—				(40,438	)
Purchase of treasury stock			(368,945	)			—				—				—				(5,533	)			—				—				—				(5,533	)
Issuance of restricted stock awards			28,000				—				—				(364	)			364				—				—				—				—
Compensation cost for stock options and restricted stock			—				—				6,047				—				—				—				—				—				6,047
ESOP shares allocated or committed to be released			—				—				1,389				—				—				1,556				—				—				2,945
Exercise of stock options			460,046				—				—				—				5,990				—				(1,146	)			—				4,844
Vesting of restricted stock awards			—				—				(3,857	)			3,878				—				—				(21	)			—				—
Forfeiture of restricted stock awards			(10,800	)			—				—				130				(130	)			—				—				—				—
Tax benefit from stock-based compensation			—				—				894				—				—				—				—				—				894
Balance at June 30, 2014			45,499,332			$	562			$	504,434			$	(12,086	)		$	(140,451	)		$	(24,331	)		$	195,970			$	2,194			$	526,292
Net income			—				—				—				—				—				—				46,902				—				46,902
Other comprehensive loss, net of tax			—				—				—				—				—				—				—				(4,042	)			(4,042	)
Cash dividend declared			—				—				—				—				—				—				(39,514	)			—				(39,514	)
Purchase of treasury stock			(1,549,403	)			—				—				—				(22,720	)			—				—				—				(22,720	)
Compensation cost for stock options and restricted stock			—				—				6,049				—				—				—				—				—				6,049
ESOP shares allocated or committed to be released			—				—				1,187				—				—				1,528				—				—				2,715
Exercise of stock options			68,710				—				—				—				908				—				(137	)			—				771
Vesting of restricted stock awards			—				—				(3,888	)			3,917				—				—				(29	)			—				—
Forfeiture of restricted stock awards			(6,400	)			—				—				81				(81	)			—				—				—				—
Tax benefit from stock-based compensation			—				—				1,217				—				—				—				—				—				1,217
Balance at June 30, 2015			44,012,239			$	562			$	508,999			$	(8,088	)		$	(162,344	)		$	(22,803	)		$	203,192			$	(1,848	)		$	517,670

		Years ended June 30,
		2016				2015				2014
		(In thousands)
Cash flows from operating activities:
Net income		$	52,295			$	46,902			$	41,059
Adjustments to reconcile net income to net cash provided by operating activities:
ESOP and stock-based compensation expense			10,387				8,764				8,992
Tax benefit from stock-based compensation			2,118				1,217				894
Depreciation of premises and equipment			910				935				957
Net amortization and accretion of premiums and discounts on securities			1,145				1,232				1,230
Provision for losses on loans			—				200				700
Amortization and accretion of deferred loan fees, net			(3,371	)			(3,768	)			(3,034	)
Decrease (increase) in deferred taxes			229				(3,707	)			(2,871	)
Loss on sale of loans			—				—				58
Gain on sale of securities			(990	)			(768	)			(51	)
Gain on sale of real estate joint ventures and real estate investments			(37,544	)			(11,616	)			—
(Gain) loss on sale of real estate owned			(328	)			9				(221	)
Writedown of real estate owned			250				1,430				196
Proceeds from sale of real estate owned			3,967				1,363				1,191
Increase in cash surrender value of bank owned life insurance			(2,718	)			(2,555	)			(2,018	)
(Increase) decrease in accrued interest receivable			(677	)			948				(100	)
(Increase) decrease in other assets			(9,708	)			127				2,847
Increase in other liabilities			16,008				8,192				7,022
Net cash provided by operating activities			31,973				48,905				56,851
Cash flows from investing activities:
Net increase in loans receivable			(273,846	)			(251,699	)			(229,186	)
Purchase of mortgage loans			(98,845	)			—				—
Purchase of securities available for sale			(42,213	)			—				(180,680	)
Purchase of securities held to maturity			(82,591	)			(99,289	)			(3,116	)
Proceeds from payments, calls and maturities of securities available for sale			59,188				84,804				94,221
Proceeds from payments, calls and maturities of securities held to maturity			22,010				20,291				3,653
Proceeds from sales of securities available for sale			100,468				37,912				18,129
Proceeds from sales of securities held to maturity			—				3,375				8,938
Purchase of Bank Owned Life Insurance			—				(20,000	)			(6,040	)
Net decrease (increase) in Federal Home Loan Bank of New York stock			1,895				9,148				(6,276	)
Proceeds from sale of real estate joint ventures and real estate investments			38,614				11,814				—
Net (increase) decrease in real estate held for investment			(23	)			(263	)			41
Net decrease (increase) in real estate joint ventures			648				(170	)			(1,726	)
Purchase of fixed assets			(835	)			(692	)			(572	)
Net cash used by investing activities			(275,530	)			(204,769	)			(302,614	)

		2016				2015				2014
		(In thousands)
Cash flows from financing activities:
Net increase in deposits		$	297,266			$	381,762			$	161,272
Net proceeds from issuance of common stock			14,705				771				4,844
Purchase of treasury stock			(1,593	)			(22,720	)			(5,533	)
Dividends paid to shareholders			(50,007	)			(39,514	)			(40,438	)
Increase in advance payments by borrowers for taxes and insurance			970				4,340				299
Proceeds from borrowed funds			353,433				119,180				298,770
Repayment of borrowed funds			(368,182	)			(290,251	)			(164,999	)
Payment of employee taxes withheld from shared-based awards			(1,593	)			(1,506	)			(1,586	)
Net cash provided by financing activities			244,999				152,062				252,629
Net increase (decrease) in cash and cash equivalents			1,442				(3,802	)			6,866
Cash and cash equivalents at beginning of period			15,129				18,931				12,065
Cash and cash equivalents at end of period		$	16,571			$	15,129			$	18,931
Supplemental cash flow information:
Cash paid during the period for:
Interest		$	34,475			$	35,263			$	30,931
Income taxes		$	27,272			$	25,224			$	22,784
Noncash transfer
Loans receivable transferred to real estate owned		$	317			$	2,949			$	3,350

		June 30, 2016				June 30, 2015
		(In thousands)
Residential		$	223,701			$	186,342
Residential commercial real estate			1,596,876				1,229,816
Credit/grocery retail commercial real estate			457,058				481,216
Other commercial real estate			887,443				894,016
Construction and land loans			4,810				6,132
Total loans			3,169,888				2,797,522
Less:
Deferred loan fees, net			7,980				10,421
Allowance for loan losses			29,951				30,889
Net loans		$	3,131,957			$	2,756,212

		2016				2015				2014
		(In thousands)
Balance at beginning of year		$	30,889			$	31,401			$	31,381
Provisions charged to operations			-				200				700
Recoveries			9				1				1,029
Loans charged off			(947	)			(713	)			(1,709	)
Balance at end of year		$	29,951			$	30,889			$	31,401

	Year ended June 30, 2016
	Residential				Residential commercial real estate				Credit/grocery retail commercial real estate				Other commercial real estate				Construction and land loans				Unallocated				Total
	(In thousands)
Allowance for credit losses:
Beginning balance		$	1,521			$	10,814			$	4,042			$	13,943			$	569			$	—			$	30,889
Charge-offs			(98	)			—				—				(849	)			—				—				(947	)
Recoveries			—				—				—				9				—				—				9
Provisions			(123	)			2,023				(396	)			(1,253	)			(251	)			—				—
Ending balance		$	1,300			$	12,837			$	3,646			$	11,850			$	318			$	—			$	29,951

	Year ended June 30, 2015
	Residential				Residential commercial real estate				Credit/grocery retail commercial real estate				Other commercial real estate				Construction and land loans				Unallocated				Total
	(In thousands)
Allowance for credit losses:
Beginning balance		$	1,568			$	5,327			$	2,652			$	17,995			$	1,108			$	2,751			$	31,401
Charge-offs			(333	)			—				—				(380	)			—				—				(713	)
Recoveries			—				—				—				—				1				—				1
Provisions			286				5,487				1,390				(3,672	)			(540	)			(2,751	)			200
Ending balance		$	1,521			$	10,814			$	4,042			$	13,943			$	569			$	—			$	30,889

		At June 30, 2016
		Residential				Residential commercial real estate				Credit/grocery retail commercial real estate				Other commercial real estate				Construction and land loans				Total
		(In thousands)
Allowance for credit losses:
Individually evaluated for impairment		$	20			$	—			$	—			$	51			$	47			$	118
Collectively evaluated for impairment			1,280				12,837				3,646				11,799				271				29,833
Total		$	1,300			$	12,837			$	3,646			$	11,850			$	318			$	29,951
Loans receivable:
Individually evaluated for impairment		$	3,631			$	310			$	—			$	9,154			$	56			$	13,151
Collectively evaluated for impairment			220,070				1,596,566				457,058				878,289				4,754				3,156,737
Total		$	223,701			$	1,596,876			$	457,058			$	887,443			$	4,810			$	3,169,888

		June 30, 2015
		Residential				Residential commercial real estate				Credit/grocery retail commercial real estate				Other commercial real estate				Construction and land loans				Total
		(In thousands)
Allowance for credit losses
Individually evaluated for impairment		$	20			$	27			$	—			$	1,290			$	28			$	1,365
Collectively evaluated for impairment			1,501				10,787				4,042				12,653				541				29,524
Total		$	1,521			$	10,814			$	4,042			$	13,943			$	569			$	30,889
Loans receivable:
Individually evaluated for impairment		$	3,780			$	311			$	—			$	11,439			$	224			$	15,754
Collectively evaluated for impairment			182,562				1,229,505				481,216				882,577				5,908				2,781,768
Total		$	186,342			$	1,229,816			$	481,216			$	894,016			$	6,132			$	2,797,522

		Credit Quality Indicators at June 30, 2016
		Satisfactory				Pass/Watch				Special Mention				Substandard				Doubtful				Total
		(In thousands)
Residential		$	199,911			$	18,882			$	531			$	4,377			$	—			$	223,701
Residential commercial real estate			1,583,686				9,563				3,317				310				—				1,596,876
Credit/grocery retail commercial real estate			438,562				15,523				2,973				—				—				457,058
Other commercial real estate			798,457				51,567				17,553				19,866				—				887,443
Construction and land loans			4,754				-				—				56				—				4,810
Total		$	3,025,370			$	95,535			$	24,374			$	24,609			$	—			$	3,169,888

		Credit Quality Indicators at June 30, 2015
		Satisfactory				Pass/Watch				Special Mention				Substandard				Doubtful				Total
		(In thousands)
Residential		$	162,769			$	18,236			$	416			$	4,921			$	—			$	186,342
Residential commercial real estate			1,203,514				18,487				2,125				5,690				—				1,229,816
Credit/grocery retail commercial real estate			477,351				3,865				—				—				—				481,216
Other commercial real estate			790,076				68,689				15,366				19,885				—				894,016
Construction and land loans			5,908				—				—				224				—				6,132
Total		$	2,639,618			$	109,277			$	17,907			$	30,720			$	—			$	2,797,522

		At June 30, 2016
		30-59 Days Past Due				60-89 Days Past Due				90 days or More Past Due				Total Past Due				Current				Total Loans				Nonaccrual (1)
		(In thousands)
Residential		$	1,745			$	531			$	684			$	2,960			$	220,741			$	223,701			$	931
Residential commercial real estate			3,601				1,166				—				4,767				1,592,109				1,596,876				310
Credit/grocery retail CRE			—				—				—				—				457,058				457,058				—
Other commercial real estate			3,746				—				1,641				5,387				882,056				887,443				8,671
Construction and land loans			—				—				56				56				4,754				4,810				56
Total		$	9,092			$	1,697			$	2,381			$	13,170			$	3,156,718			$	3,169,888			$	9,968

		At June 30, 2015
		30-59 Days Past Due				60-89 Days Past Due				90 days or More Past Due				Total Past Due				Current				Total Loans				Nonaccrual (2)
		(In thousands)
Residential		$	340			$	432			$	888			$	1,660			$	184,682			$	186,342			$	1,329
Residential commercial real estate			—				311				—				311				1,229,505				1,229,816				311
Credit/grocery retail CRE			—				—				—				—				481,216				481,216				—
Other commercial real estate			3,278				—				3,569				6,847				887,169				894,016				10,711
Construction and land loans			—				—				224				224				5,908				6,132				224
Total		$	3,618			$	743			$	4,681			$	9,042			$	2,788,480			$	2,797,522			$	12,575

		Impaired Financing Receivables
		At June 30, 2016												Year ended June 30, 2016
		Recorded Investment				Unpaid Principal Balance				Allowance				Average Recorded Investment				Interest Income Recognized
		(In thousands)
With no related allowance recorded:
Residential		$	3,447			$	3,447			$	—			$	3,507			$	140
Residential commercial real estate			310				310				—				296				—
Other commercial real estate			8,907				8,907				—				9,127				263
			12,664				12,664				—				12,930				403
With an allowance recorded:
Residential		$	164			$	184			$	20			$	166			$	6
Other commercial real estate			196				247				51				196				—
Construction and land loans			9				56				47				72				—
			369				487				118				434				6
Total:
Residential		$	3,611			$	3,631			$	20			$	3,673			$	146
Residential commercial real estate			310				310				—				296				—
Other commercial real estate			9,103				9,154				51				9,323				263
Construction and land loans			9				56				47				72				—
		$	13,033			$	13,151			$	118			$	13,364			$	409

		Impaired Financing Receivables
		At June 30, 2015												Year ended June 30, 2015
		Recorded Investment				Unpaid Principal Balance				Allowance				Average Recorded Investment				Interest Income Recognized
		(In thousands)
With no related allowance recorded:
Residential		$	3,592			$	3,592			$	—			$	3,429			$	144
Other commercial real estate			4,892				4,892				—				4,912				82
			8,484				8,484				—				8,341				226
With an allowance recorded:
Residential		$	168			$	188			$	20			$	171			$	8
Residential commercial real estate			284				311				27				432				—
Other commercial real estate			5,257				6,547				1,290				5,719				46
Construction and land loans			196				224				28				275				—
			5,905				7,270				1,365				6,597				54
Total:
Residential		$	3,760			$	3,780			$	20			$	3,600			$	152
Residential commercial real estate			284				311				27				432				—
Other commercial real estate			10,149				11,439				1,290				10,631				128
Construction and land loans			196				224				28				275				—
		$	14,389			$	15,754			$	1,365			$	14,938			$	280

	Troubled Debt Restructurings at June 30, 2016
	Performing				Nonperforming				Total
	(In thousands)
Residential		$	—			$	184			$	184
Residential commercial real estate			—				310				310
Other commercial real estate			386				3,703				4,089
Construction and land loans			—				56				56
Total		$	386			$	4,253			$	4,639
Allowance		$	—			$	118			$	118
	Troubled Debt Restructurings at June 30, 2015
	Performing				Nonperforming				Total
	(In thousands)
Residential		$	—			$	188			$	188
Residential commercial real estate			—				311				311
Other commercial real estate			418				2,710				3,128
Construction and land loans			—				224				224
Total		$	418			$	3,433			$	3,851
Allowance		$	—			$	948			$	948

	Year ended June 30, 2016
	Number of Relationships				Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment
	(Dollars in thousands)
Other commercial real estate			1				3,385				2,266
Total			1			$	3,385			$	2,266

	Year ended June 30, 2015
	Number of Relationships				Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment
	(Dollars in thousands)
Construction and land loans			1				317				224
Total			1			$	317			$	224

						June 30, 2016
		Amortized cost				Gross unrealized gains				Gross unrealized losses				Fair value
		(In thousands)
U.S. Government and federal agency obligations
Due in one to five years		$	6,750			$	4			$	2			$	6,752
Mortgage-backed securities:
FHLMC			9,129				162				—				9,291
FNMA			83,112				1,588				11				84,689
GNMA			1,398				66				—				1,464
CMO			67,718				792				—				68,510
		$	168,107			$	2,612			$	13			$	170,706

						June 30, 2015
		Amortized cost				Gross unrealized gains				Gross unrealized losses				Fair value
		(In thousands)
Mortgage-backed securities:
FHLMC		$	1,638			$	132			$	—			$	1,770
FNMA			55,808				269				637				55,440
GNMA			1,928				84				—				2,012
CMO			48,616				98				187				48,527
		$	107,990			$	583			$	824			$	107,749

	June 30, 2016
	Less than 12 months								Greater than 12 months								Total
	Fair value				Gross unrealized losses				Fair value				Gross unrealized losses				Fair value				Gross unrealized losses
	(In thousands)
U.S. Government and federal agency obligations		$	4,998			$	2			$	—			$	—			$	4,998			$	2
Mortgage-backed securities:
FNMA			—				—				3,267				11				3,267				11
		$	4,998			$	2			$	3,267			$	11			$	8,265			$	13

	June 30, 2015
	Less than 12 months								Greater than 12 months								Total
	Fair value				Gross unrealized losses				Fair value				Gross unrealized losses				Fair value				Gross unrealized losses
	(In thousands)
Mortgage-backed securities:
FNMA		$	32,925			$	380			$	6,891			$	257			$	39,816			$	637
CMO			31,433				187				-				-				31,433				187
		$	64,358			$	567			$	6,891			$	257			$	71,249			$	824

		June 30, 2016
		Amortized cost				Gross unrealized gains				Gross unrealized losses				Fair value
		(In thousands)
Equity securities		$	601			$	524			$	—			$	1,125
Mortgage-backed securities:
FHLMC			815				34				—				849
FNMA			14,650				535				—				15,185
CMO			123,173				1,548				30				124,691
		$	139,239			$	2,641			$	30			$	141,850

		June 30, 2015
		Amortized cost				Gross unrealized gains				Gross unrealized losses				Fair value
		(In thousands)
Equity securities		$	1,208			$	902			$	—			$	2,110
Mortgage-backed securities:
FHLMC			5,162				163				—				5,325
FNMA			36,432				537				114				36,855
CMO			213,569				1,580				476				214,673
		$	256,371			$	3,182			$	590			$	258,963

	June 30, 2016
	Less than 12 months								Greater than 12 months								Total
	Fair value				Gross unrealized losses				Fair value				Gross unrealized losses				Fair value				Gross unrealized losses
	(In thousands)
Mortgage-backed securities:
CMO		$	—			$	—			$	5,112			$	30			$	5,112			$	30
		$	—			$	—			$	5,112			$	30			$	5,112			$	30

	June 30, 2015
	Less than 12 months								Greater than 12 months								Total
	Fair value				Gross unrealized losses				Fair value				Gross unrealized losses				Fair value				Gross unrealized losses
	(In thousands)
Mortgage-backed securities:
FNMA		$	17,185			$	114			$	—			$	—			$	17,185			$	114
CMO			42,463				296				9,947				180				52,410				476
		$	59,648			$	410			$	9,947			$	180			$	69,595			$	590

	2016					2015
	(In thousands)
Mortgage Loans		$	9,352			$	8,543
Investment Securities			591				723
		$	9,943			$	9,266

		2016				2015
		(In thousands)
Cost:
Land		$	4,171			$	4,171
Buildings			10,073				10,073
Land and building improvements			5,332				5,129
Leasehold improvements			1,703				1,425
Furniture and equipment			6,227				6,583
Construction in progress			226				311
			27,732				27,692
Less accumulated depreciation and amortization			13,394				13,261
Office properties and equipment, net		$	14,338			$	14,431

	2016									2015
	Amount					Weighted average cost				Amount				Weighted average cost
	(Dollars in thousands)
Checking accounts		$	453,136				0.36	%		$	436,172				0.37	%
Money market deposit accounts			681,710				0.50	%			589,012				0.56	%
Savings accounts			165,623				0.24	%			160,020				0.24	%
Time deposits			959,534				1.31	%			777,533				1.15	%
		$	2,260,003				0.80	%		$	1,962,737				0.73	%

		2016				2015				2014
		(In thousands)
Checking accounts		$	1,666			$	1,732			$	1,867
Money market deposit accounts			5,034				2,508				2,062
Savings accounts			380				381				386
Time deposits			10,804				7,228				4,300
		$	17,884			$	11,849			$	8,615

Year ending June 30:
2017		$	639,820
2018			146,024
2019			59,401
2020			58,531
2021 and beyond			55,758
		$	959,534

		2016				2015				2014
		(In thousands)
Current:
Federal		$	24,145			$	26,554			$	22,990
State			4,160				3,367				1,369
Total current			28,305				29,921				24,359
Deferred:
Federal			765				(2,071	)			(954	)
State			(536	)			(1,636	)			(1,917	)
Total deferred			229				(3,707	)			(2,871	)
Total income tax expense		$	28,534			$	26,214			$	21,488

		2016				2015				2014
		(In thousands)
Income before provision for income taxes		$	80,829			$	73,116			$	62,547
Applicable statutory federal income tax rate			35	%			35	%			35	%
Computed "expected" federal income tax expense			28,290				25,591				21,891
Increase (decrease) in federal income tax expense resulting from:
State income taxes, net of federal benefit			2,356				1,777				598
Bank owned life insurance			(951	)			(894	)			(706	)
ESOP fair market value adjustment			733				415				482
Non-deductible compensation			194				107				198
Stock based compensation			(2,118	)			—				—
Write-up of Deferred Tax Assets due to NY City and State tax reform			—				(652	)			(954	)
Other items, net			30				(130	)			(21	)
Total income tax expense		$	28,534			$	26,214			$	21,488

		2016				2015
		(In thousands)
Deferred tax assets:
Allowance for loan and real estate owned losses		$	11,978			$	12,920
Unrealized loss on interest rate swap			7,544				1,535
Postretirement benefits			13,551				11,983
Accrued/deferred compensation			8,312				7,088
ESOP shares allocated or committed to be released			1,235				1,297
Stock compensation			5,746				6,497
Other than temporary loss on securities			96				615
Capital loss carry forward			342				637
Other			305				230
Total gross deferred tax assets			49,109				42,802
Less valuation reserve			—				88
Total deferred tax asset			49,109				42,714
Deferred tax liabilities:
Unrealized gain on securities available for sale			1,125				1,115
Other			624				243
Total deferred tax liabilities			1,749				1,358
Net deferred tax asset		$	47,360			$	41,356

		Stated Maturity
Year ending June 30:
2017		$	317,000
2018			80,000
2019			75,735
2020			98,305
2021			80,648
2022			19,480
2023			44,263
2024			30,000
2025			36,192
		$	781,623

		At June 30, 2016
	Balance Sheet Line Item	Notional Amount					Fair Value
Asset derivatives		(In thousands)
Cash flow hedge interest rate swaps-Gross unrealized gain	Other Assets		$	25,000			$	3
Liability derivatives
Cash flow hedge interest rate swaps-Gross unrealized loss	Other Liabilities			405,000				(17,495	)
			$	430,000			$	(17,492	)

		At June 30, 2015
		Notional Amount					Fair Value
Liability derivatives			(In thousands)
Cash flow hedge interest rate swaps-Gross unrealized loss	Other Liabilities		$	100,000			$	(3,560	)

		BEP Plan								Retirement Plan								Medical Plan
		2016				2015				2016				2015				2016				2015
Change in benefit obligation:
Projected benefit obligation at beginning of the year		$	1,241			$	1,088			$	5,644			$	4,964			$	5,354			$	4,278
Service cost			—				—				174				148				77				123
Interest cost			48				39				227				203				235				182
Actuarial (gain) loss			99				136				(245	)			372				943				796
Benefits paid			—				—				(44	)			(43	)			(26	)			(25	)
Discount rate change			—				(22	)			—				—				—				—
Projected benefit obligation at end of the year		$	1,388			$	1,241			$	5,756			$	5,644			$	6,583			$	5,354
Reconciliation of plan assets
Fair value of plan assets at beginning of the year		$	—			$	—			$	—			$	—			$	—			$	—
Actual return on plan assets			—				—				—				—				—				—
Employer contributions			—				—				44				43				26				25
Benefits paid			—				—				(44	)			(43	)			(26	)			(25	)
Fair value of plan assets at end of the year		$	—			$	—			$	—			$	—			$	—			$	—
Unfunded status at end of year		$	1,388			$	1,241			$	5,756			$	5,644			$	6,583			$	5,354

	BEP Plan								Retirement Plan								Medical Plan
	2016				2015				2016				2015				2016				2015
Prior service cost		$	—			$	—			$	—			$	—			$	—			$	—
Net actuarial loss			392				333				378				652				2,043				1,255
Total amounts recognized in accumulated other comprehensive income		$	392			$	333			$	378			$	652			$	2,043			$	1,255

		BEP Plan												Retirement Plan												Medical Plan
		2016				2015				2014				2016				2015				2014				2016				2015				2014
		(In thousands)
Service cost		$	—			$	—			$	—			$	174			$	148			$	129			$	77			$	123			$	57
Interest cost			48				39				40				227				203				211				235				182				177
Amortization of unrecognized:
Prior service cost			—				—				—				—				60				60				—				—				—
Net loss			40				24				18				29				—				—				155				7				—
Total		$	88			$	63			$	58			$	430			$	411			$	400			$	467			$	312			$	234
Amounts expected to be amortized into net periodic benefit cost in fiscal 2017:
Prior service cost		$	—											$	—											$	—
Net loss			52												—												350
		$	52											$	—											$	350

	BEP Plan									Retirement Plan									Medical Plan
	2016			2015			2014			2016			2015			2014			2016			2015			2014
Discount Rate		2.94%			3.85%			3.61%			3.23%			4.11%			4.11%			3.58%			4.42%			4.28%
Rate of compensation increase		—			—			—			2.00%			5.50%			5.50%			—			—			—
Medical benefits cost rate of increase		—			—			—			—			—			—			5.00%			5.00%			6.00%

		BEP Plan				Retirement Plan				Medical Plan
2017		$	93			$	267			$	91
2018			93				267				154
2019			93				265				166
2020			93				316				232
2021			93				314				257
2022-2026			469				1,582				1,382

		1% increase				1% decrease
Effect on total service cost and interest cost		$	64				(50	)
Effect on post retirement benefits obligation		$	1,391				(1,070	)

	Year ended June 30, 2016
Option shares granted					20,000
Expected dividend yield					6.75 %
Expected volatility					26.10 %
Risk-free interest rate					2.03 %
Expected option life					6.50

		Number of Stock Options				Weighted Average Grant Date Fair Value				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (years)
Outstanding at  June 30, 2015			5,900,164			$	2.57			$	11.50				5.8
Granted			20,000				1.64				15.89				10.0
Exercised			(1,332,159	)			2.45				11.04				3.5
Forfeited			(20,000	)			2.69				12.65				6.2
Expired			—				—				—				—
Outstanding at  June 30, 2016			4,568,005			$	2.59			$	11.65				5.3
Exercisable at  June 30, 2016			3,734,219			$	2.58			$	11.50				4.1

		Number of Shares Awarded				Weighted Average Grant Date Fair Value
Non-vested at June 30, 2015			668,040			$	12.17
Granted			10,000				15.89
Vested			(324,553	)			12.07
Forfeited			(6,000	)			11.95
Non-vested at June 30, 2016			347,487			$	12.37

Year ending June 30:
2017		$	753
2018			634
2019			523
2020			494
2021			363
Thereafter			79
		$	2,846

	June 30, 2016
	Actual									Required
	Amount					Rate				Amount				Rate
	(Dollars in thousands)
Common Equity Tier 1 ("CET1") (to risk weighted assets)		$	545,272				16.77	%		$	146,311				4.50	%
Tier 1 capital (to risk-weighted assets)			545,272				16.77				195,081				6.00
Total capital (to risk-weighted assets)			575,223				17.69				260,108				8.00
Tier 1 Leverage capital (to average assets)			545,272				14.94				145,676				4.00
Capital conservation buffer			315,034				9.69				20,321				0.625

	June 30, 2015
	Actual								Required
	Amount				Rate				Amount				Rate
		(Dollars in thousands)
Common Equity Tier 1 ("CET1") (to risk weighted assets)		$	519,518				17.79	%		$	131,428				4.50	%
Tier 1 capital (to risk-weighted assets)			519,518				17.79				175,238				6.00
Total capital (to risk-weighted assets)			550,408				18.85				233,651				8.00
Tier 1 Leverage capital (to average assets)			519,518				15.67				132,641				4.00

		June 30, 2016
		Actual								Required								Well-Capitalized
		Amount				Rate				Amount				Rate				Amount				Rate
		(Dollars in thousands)
Common Equity Tier 1 ("CET1") (to risk weighted assets)		$	466,987				14.36	%		$	146,288				4.50	%		$	211,305				6.50	%
Tier 1 capital (to risk-weighted assets)			466,987				14.36				195,050				6.00				260,067				8.00
Total capital (to risk-weighted assets)			496,938				15.28				260,067				8.00				325,084				10.00
Tier 1 Leverage capital (to average assets)			466,987				12.86				145,255				4.00				181,569				5.00
Capital conservation buffer			236,871				7.29				20,318				0.625

		June 30, 2015
		Actual								Required								Well-Capitalized
		Amount				Rate				Amount				Rate				Amount				Rate
		(Dollars in thousands)
Common Equity Tier 1 ("CET1") (to risk weighted assets)		$	441,531				15.31	%		$	129,811				4.50	%		$	187,460				6.50	%
Tier 1 capital (to risk-weighted assets)			441,531				15.31				173,082				6.00				230,720				8.00
Total capital (to risk-weighted assets)			472,151				16.37				230,776				8.00				288,400				10.00
Tier 1 Leverage capital (to average assets)			441,531				13.47				131,105				4.00				163,900				5.00
Capital conservation buffer

		Fair Value as of June 30, 2016				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Unobservable Inputs (Level 3)
		(In thousands)
Assets:
Equity Securities		$	1,125			$	1,125			$	—			$	—
Mortgage-backed securities available for sale															—
FHLMC			849				—				849				—
FNMA			15,185				—				15,185				—
CMO			124,691				—				124,691				—
Total securities available for sale			141,850				1,125				140,725				—
Interest rate swap			3				—				3				—
Total assets measured on a recurring basis			141,853				1,125				140,728				—
Liabilities
Interest rate swap		$	17,495			$	—			$	17,495			$	—

		Fair Value as of June 30, 2015				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Unobservable Inputs (Level 3)
		(In thousands)
Assets:
Securities available for sale:
Equity Securities		$	2,110			$	2,110			$	—			$	—
Mortgage-backed securities available for sale
FHLMC			5,325				—				5,325				—
FNMA			36,855				—				36,855				—
CMO			214,673				—				214,673				—
Total securities available for sale			258,963				2,110				256,853				—
Liabilities
Interest rate swap		$	3,560			$	—			$	3,560			$	—

		Fair Value as of June 30, 2016				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Unobservable Inputs (Level 3)
		(In thousands)
Assets:
Impaired loans:
Residential		$	164			$	—			$	—			$	164
Other commercial real estate			3,269				—				—				3,269
Construction and land loans			9				—				—				9
Total impaired loans			3,442				—				—				3,442
Real estate owned
Other commercial real estate			487				—				—				487
Total real estate owned			487				—				—				487
Total assets measured on a nonrecurring basis		$	3,929			$	—			$	—			$	3,929

		Fair Value as of June 30, 2015				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Unobservable Inputs (Level 3)
		(In thousands)
Assets:
Impaired loans:
Residential		$	168			$	—			$	—			$	168
Residential commercial real estate			284				—				—				284
Other commercial real estate			8,187				—				—				8,187
Total impaired loans			8,639				—				—				8,639
Real estate owned
Residential			1,435				—				—				1,435
Residential commercial real estate			1,202				—				—				1,202
Other commercial real estate			1,422				—				—				1,422
Total real estate owned			4,059				—				—				4,059
Total assets measured on a nonrecurring basis		$	12,698			$	—			$	—			$	12,698

	At June 30, 2016								Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Unobservable Inputs (Level 3)
	Carrying Amount				Fair Value
	(In thousands)
Financial assets:
Securities held to maturity		$	168,107			$	170,706			$	—			$	170,706			$	—
Loans, net (1)			3,131,957				3,169,724				—				—				3,169,724
Financial liabilities:
Term deposits			959,534				969,320				—				969,320				—
Term borrowings			464,623				474,843				—				474,843				—

	At June 30, 2015								Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Unobservable Inputs (Level 3)
	Carrying Amount				Fair Value
	(In thousands)
Financial assets:
Securities held to maturity		$	107,990			$	107,749			$	—			$	107,749			$	—
Loans, net (1)			2,756,212				2,774,448				—				—				2,774,448
Financial assets:
Term deposits			777,533				785,466				—				785,466				—
Term borrowings			636,372				654,450				—				654,450				—

		June 30,
		2016				2015
		(In thousands)
Assets:
Cash		$	16			$	9
Fed Funds Sold			66,196				29,699
Mortgage Loans, net			—				31,616
ESOP loan			23,578				26,047
Securities available for sale, at fair value			1,125				2,110
Accrued Interest Receivable			411				529
Investment in Subsidiaries			456,606				440,700
Other assets			50				60
Total Assets		$	547,982			$	530,770
Liabilities and Equity
Borrowings			12,500				12,500
Other liabilities			282				600
Total Equity			535,200				517,670
Total Liabilities and Equity		$	547,982			$	530,770

		Year Ended June 30,
		2016				2015				2014
		(In thousands)
Interest on mortgage loans		$	1,205			$	1,398			$	1,318
Interest on ESOP loan			838				1,243				1,668
Interest income on fed funds			176				16				57
Gain on sale of securities			406				—				—
Other income			35				40				35
Equity in undistributed earnings of subsidiary			57,955				46,583				39,690
Total income			60,615				49,280				42,768
Interest on borrowings			405				117				—
Other expenses			979				1,781				609
Income before income tax expense			59,231				47,382				42,159
Income tax expense			6,936				480				1,100
Net income		$	52,295			$	46,902			$	41,059

		Year Ended June 30,
		2016				2015				2014
		(In thousands)
Cash flows from operating activities:
Net income		$	52,295			$	46,902			$	41,059
Adjustments to reconcile net income to net cash provided by operating activities:
Dividends/distributions from subsidiaries			44,392				60,841				39,420
Gain on sale of securities available for sale			(406	)			—				—
Equity in undistributed earnings of subsidiary			(57,955	)			(46,583	)			(39,690	)
Decrease in accrued interest receivable			118				384				41
Decrease (increase) in other assets			12				(60	)			(68	)
(Decrease) increase in other liabilities			(155	)			188				(270	)
Net cash provided by operating activities			38,301				61,672				40,492
Cash flows from investing activities
Proceeds from sale of securities available for sale			1,013				—				—
Additional investments in subsidiaries			—				(15	)			(80	)
Principal collected on ESOP loan			2,469				1,157				1,176
Decrease (increase) in mortgage loans, net			31,616				(3,578	)			(281	)
Net cash provided by (used in) investing activities			35,098				(2,436	)			815
Cash flows from financing activities
Dividends paid to shareholders			(50,007	)			(39,514	)			(40,438	)
Purchase of treasury stock			(1,593	)			(22,720	)			(5,533	)
Stock issued upon exercise of stock options			14,705				771				4,844
Proceeds from borrowings			—				12,500				—
Cash used in financing activities			(36,895	)			(48,963	)			(41,127	)
Net change in cash and equivalents			36,504				10,273				180
Cash at beginning of period			29,708				19,435				19,255
Cash at end of period		$	66,212			$	29,708			$	19,435

		Fiscal 2016 Quarter Ended
		September 30 (1)				December 31 (1)				March 31 (1)				June 30
		(Dollars in thousands)
Selected Operating Data:
Interest income		$	32,965			$	33,357			$	33,348			$	34,654
Interest expense			8,816				8,063				8,197				8,947
Net interest income			24,149				25,294				25,151				25,707
Provision for loan losses			-				-				-				-
Net interest income after provision for loan losses			24,149				25,294				25,151				25,707
Other income			5,985				27,482				3,190				7,587
Other expense			10,737				26,929				10,352				15,698
Income before income tax expense			19,397				25,847				17,989				17,596
Income tax expense			6,782				9,470				5,749				6,533
Net income		$	12,615			$	16,377			$	12,240			$	11,063
Basic Earnings per common share		$	0.31			$	0.39			$	0.29			$	0.26
Diluted Earnings per common share		$	0.30			$	0.38			$	0.28			$	0.25

		Fiscal 2015 Quarter Ended
		September 30				December 31				March 31				June 30
		(Dollars in thousands)
Selected Operating Data:
Interest income		$	32,369			$	33,663			$	33,233			$	32,494
Interest expense			8,419				8,599				8,612				8,573
Net interest income			23,950				25,064				24,621				23,921
Provision for loan losses			200				-				-				-
Net interest income after provision for loan losses			23,750				25,064				24,621				23,921
Other income			2,007				1,781				4,129				11,365
Other expense			10,057				11,309				11,566				10,590
Income before income tax expense			15,700				15,536				17,184				24,696
Income tax expense			5,539				5,490				6,227				8,958
Net income		$	10,161			$	10,046			$	10,957			$	15,738
Basic Earnings per common share		$	0.24			$	0.24			$	0.26			$	0.38
Diluted Earnings per common share		$	0.24			$	0.24			$	0.26			$	0.37

		For the Years Ended June 30,
		2016				2015				2014
		(in thousands, except for per share data)
Net income		$	52,295			$	46,902			$	41,059
Weighted average common shares outstanding—basic			41,864				41,664				42,618
Effect of dilutive non-vested shares and stock options outstanding			1,411				974				1,090
Weighted average common shares outstanding—diluted			43,275				42,638				43,708
Earnings per share-basic		$	1.25			$	1.13			$	0.96
Earnings per share-diluted		$	1.21			$	1.10			$	0.94

		Years ended June 30,
		2016				2015				2014
Gross:
Net income		$	80,829			$	73,116			$	62,547
Other comprehensive (loss) income
Change in unrealized holding gain (loss) on securities available for sale			1,011				(1,425	)			(1,328	)
Reclassification adjustment for security (gains) losses included in net income			(990	)			(624	)			49
Change in unrealized loss on interest rate swaps			(13,936	)			(3,659	)			(2,484	)
Amortization related to post-retirement obligations			224				91				78
Change in funded status of retirement obligations			(797	)			(1,280	)			(148	)
Total other comprehensive loss			(14,488	)			(6,897	)			(3,833	)
Total comprehensive income			66,341				66,219				58,714
Tax applicable to:
Net income			28,534				26,214				21,488
Other comprehensive (loss) income
Change in unrealized holding gain (loss) on securities available for sale			416				(605	)			(541	)
Reclassification adjustment for security (gains) losses included in net income			(428	)			(212	)			21
Change in unrealized loss on interest rate swaps			(6,020	)			(1,548	)			(1,048	)
Amortization related to post-retirement obligations			95				37				32
Change in funded status of retirement obligations			(327	)			(527	)			(61	)
Total other comprehensive loss			(6,264	)			(2,855	)			(1,597	)
Total comprehensive income			22,270				23,359				19,891
Net of tax:
Net income			52,295				46,902				41,059
Other comprehensive (loss) income
Change in unrealized holding gain (loss) on securities available for sale			595				(820	)			(787	)
Reclassification adjustment for security (gains) losses included in net income			(562	)			(412	)			28
Change in unrealized loss on interest rate swaps			(7,916	)			(2,111	)			(1,436	)
Amortization related to post-retirement obligations			129				54				46
Change in funded status of retirement obligations			(470	)			(753	)			(87	)
Total other comprehensive loss			(8,224	)			(4,042	)			(2,236	)
Total comprehensive income		$	44,071			$	42,860			$	38,823

		Unrealized Holding Gains on Securities Available for Sale				Post Retirement Obligations				Unrealized Holding Gains on Interest Rate Swaps				Accumulated Other Comprehensive Income (Loss), Net of Tax
Balance at June 30, 2015		$	1,496			$	(1,316	)		$	(2,028	)		$	(1,848	)
Net change			33				(341	)			(7,916	)			(8,224	)
Balance at June 30, 2016		$	1,529			$	(1,657	)		$	(9,944	)		$	(10,072	)
Balance at June 30, 2014		$	2,728			$	(617	)		$	83			$	2,194
Net change			(1,232	)			(699	)			(2,111	)			(4,042	)
Balance at June 30, 2015		$	1,496			$	(1,316	)		$	(2,028	)		$	(1,848	)

			Year ended June 30,
Accumulated Other Comprehensive Income (Loss) Component	Affected line item in the Consolidated Statement of Income		2016				2015				2014
Reclassification adjustment for security (gains) losses included in net income	Net (gain) loss on sale of securities		$	(990	)		$	(624	)		$	49
Amortization related to post-retirement obligations (1)
Prior service cost				—				60				60
Net loss				224				31				18
	Compensation, payroll taxes and fringe benefits			224				91				78
Total before tax				(766	)			(533	)			127
Income tax (benefit) expense				(333	)			(175	)			53
Net of tax			$	(433	)		$	(358	)		$	74

	3.1	Certificate of Incorporation of Oritani Financial Corp.*
	3.2	Bylaws of Oritani Financial Corp.*
	4	Form of Common Stock Certificate of Oritani Financial Corp.*
	10.1	Employment Agreement between Oritani Financial Corp. and Kevin J. Lynch**, *****
	10.2	Form of Employment Agreement between Oritani Financial Corp. and executive officers**, *****
	10.3	Oritani Bank Director Retirement Plan**, *****
	10.4	Oritani Bank Benefit Equalization Plan**, *****
	10.5	Oritani Bank Executive Supplemental Retirement Income Agreement**, *****
	10.6	Form of Employee Stock Ownership Plan**, *****
	10.7	Director Deferred Fee Plan**, *****
	10.8	Oritani Financial Corp. 2007 Equity Incentive Plan*, *****
	10.9	Oritani Financial Corp. 2011 Equity Incentive Plan***, *****
	14	Code of Ethics****
	21	Subsidiaries of Registrant**
	23	Consent of Independent Registered Public Accounting Firm
	31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
	31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
	32	Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
	101	Interactive data files pursuant to Rule 405 of Regulation S-T: (i) the Consolidated Statements of Condition, (ii) the Consolidated Statements of Income, (iii) the Consolidated Statements of Comprehensive Income, (iv) the Consolidated Statements of Changes in Stockholders' Equity, (v) the Consolidated Statements of Cash Flows, and (vi) the Notes to Consolidated Financial Statements

				ORITANI FINANCIAL CORP.
Date:	September 13, 2016		By:	/s/ Kevin J. Lynch
				Kevin J. Lynch
				Chief Executive Officer and President
				(Duly Authorized Representative)

Signatures		Title		Date
/s/ Kevin J. Lynch		Director, Chief Executive Officer and President		September 13, 2016
Kevin J. Lynch		(Principal Executive Officer)
/s/ John M. Fields, Jr.		Executive Vice President and		September 13, 2016
John M. Fields, Jr.		Chief Financial Officer
/s/ Michael A. DeBernardi		Director, Executive Vice President and		September 13, 2016
Michael A. DeBernardi		Chief Operating Officer
/s/ Ann Marie Jetton		Sr. Vice President and Principal		September 13, 2016
Ann Marie Jetton		Accounting Officer
/s/ Nicholas Antonaccio		Director		September 13, 2016
Nicholas Antonaccio
/s/ James J. Doyle, Jr.		Director		September 13, 2016
James J. Doyle, Jr.
/s/ Robert S. Hekemian, Jr.		Director		September 13, 2016
Robert S. Hekemian, Jr.
/s/ Harvey R. Hirschfeld		Director		September 13, 2016
Harvey R. Hirschfeld
/s/ John J. Skelly, Jr.		Director
John J. Skelly, Jr.				September 13, 2016