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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 34,575 $ 33,182
Adjustments to reconcile net income to net cash provided by operating activities:    
Benefit for loan losses (1,620) (2,829)
Depreciation and amortization of bank premises and equipment 2,528 2,122
Amortization of premium, net of accretion of discount 6,804 5,333
Net loss from fair value adjustments 921 1,520
Net gain from sale of loans (355)  
Net gain from sale of securities (167) (5,216)
Net gain from sale of buildings (6,537)  
Income from bank owned life insurance (2,157) (2,293)
Stock-based compensation expense 4,222 3,592
Deferred compensation (2,768) (2,245)
Excess tax benefit from stock-based payment arrangements (467) (757)
Deferred income tax (benefit) provision (5,024) 2,556
Increase in other liabilities 2,432 5,563
Decrease in other assets 2,065 1,639
Net cash provided by operating activities 34,452 42,167
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of bank premises and equipment (9,933) (1,416)
Net (purchases) redemptions of Federal Home Loan Bank of New York stock (6,467) 249
Purchases of securities held-to-maturity (3,100)  
Proceeds from maturities of securities held-to-maturity 1,390  
Purchases of securities available for sale (294,453) (132,185)
Proceeds from sales and calls of securities available for sale 163,158 102,328
Proceeds from maturities and prepayments of securities available for sale 92,733 77,641
Proceeds from sale of buildings 20,209  
Net originations of loans (163,037) (199,615)
Purchases of loans (216,333) (23,777)
Proceeds from sale of real estate owned 2,185 2,292
Proceeds from sale of delinquent loans 10,363 7,332
Net cash used in investing activities (403,285) (167,151)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in non-interest bearing deposits 1,362 15,876
Net increase in interest-bearing deposits 207,653 105,502
Net increase in mortgagors' escrow deposits 9,021 8,698
Net proceeds from short-term borrowed funds 45,000 25,000
Proceeds from long-term borrowings 225,000 150,000
Repayment of long-term borrowings (90,000) (157,081)
Purchases of treasury stock (15,604) (13,805)
Excess tax benefit from stock-based payment arrangements 467 757
Proceeds from issuance of common stock upon exercise of stock options 142 512
Cash dividends paid (13,999) (13,461)
Net cash provided by financing activities 369,042 121,998
Net increase (decrease) in cash and cash equivalents 209 (2,986)
Cash and cash equivalents, beginning of period 34,265 33,485
Cash and cash equivalents, end of period 34,474 30,499
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 35,838 42,374
Income taxes paid 26,518 18,184
Taxes paid if excess tax benefits were not tax deductible 26,985 18,941
Non-cash activities:    
Securities transferred from available for sale to held-to-maturity 4,510  
Loans transferred to other real estate owned 1,588 5,749
Loans provided for the sale of other real estate owned 280 712
Loans held for investment transferred to loans held for sale $ 300 $ 1,150