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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 9,561 $ 8,733
Purchases of bank premises and equipment (540) (5,229)
Net (purchases) redemptions of Federal Home Loan Bank of New York shares 2,698 $ (3,564)
Purchases of securities held-to-maturity (2,330)
Proceeds from maturities of securities held-to-maturity 2,000
Purchases of securities available for sale (58,472) $ (48,962)
Proceeds from maturities and prepayments of securities available for sale 21,316 $ 31,019
Proceeds from bank owned life insurance 2,237
Net originations of loans (53,836) $ (59,071)
Purchases of loans (12,000) (111,296)
Proceeds from sale of real estate owned 853 1,594
Proceeds from sale of loans 5,915 1,522
Net cash used in investing activities $ (92,159) (193,987)
Adjustments to reconcile net income to net cash provided by operating activities:    
Benefit for loan losses (734)
Depreciation and amortization $ 1,032 668
Amortization of premium, net of accretion of discount 2,189 2,143
Net loss from fair value adjustments 987 595
Net gain from sale of loans (341) (2)
Income from bank owned life insurance (695) $ (717)
Gain from life insurance proceeds (411)
Stock-based compensation expense 2,989 $ 2,778
Deferred compensation (1,774) (1,392)
Excess tax benefit from stock-based payment arrangements (303) (318)
Deferred income tax provision 1,570 1,925
Decrease in other liabilities (2,006) (4,403)
Decrease in other assets 3,798 3,336
Net cash provided by operating activities 16,596 12,612
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in non-interest bearing deposits 10,981 (5,750)
Net increase in interest-bearing deposits 140,370 84,816
Net increase in mortgagors' escrow deposits 19,768 18,222
Net proceeds (repayments) from short-term borrowed funds (90,000) 41,500
Proceeds from long-term borrowings 81,758 47,706
Repayment of long-term borrowings (71,727) (10,000)
Purchases of treasury stock (1,885) (3,876)
Excess tax benefit from stock-based payment arrangements 303 $ 318
Proceeds from issuance of common stock upon exercise of stock options 19
Cash dividends paid (4,970) $ (4,722)
Net cash provided by financing activities 84,617 168,214
Net increase (decrease) in cash and cash equivalents 9,054 (13,161)
Cash and cash equivalents, beginning of period 42,363 34,265
Cash and cash equivalents, end of period 51,417 21,104
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 12,921 11,948
Income taxes paid 1,000 1,596
Taxes paid if excess tax benefits were not tax deductible 1,303 1,914
Non-cash activities:    
Securities purchased not yet settled 1,375 9,877
Loans transferred to Other Real Estate Owned $ 533 483
Loans provided for the sale of Other Real Estate Owned $ 175