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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities      
Net income $ 41,121 $ 64,916 $ 46,209
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision (benefit) for loan losses 9,861 (956)
Depreciation and amortization of bank premises and equipment 4,832 4,450 3,579
Net gain on sales of loans (603) (584) (422)
Net loss (gain) on sales of securities 186 (1,524) (167)
Net (gain) loss on sales of OREO (50) 238 (300)
Net gain on sales of buildings (48,018) (6,537)
Amortization of premium, net of accretion of discount 7,509 8,453 8,986
Fair value adjustment for financial assets and financial liabilities 3,465 3,434 1,841
Income from bank owned life insurance (3,227) (2,797) (2,880)
Gain from life insurance proceeds (1,405) (460)
Stock-based compensation expense 5,990 5,884 4,845
Deferred compensation (4,154) (4,033) (3,561)
Excess tax benefits from stock-based payment arrangements (712) (574)
Deferred income tax provision (benefit) 8,735 (1,540) (5,210)
Decrease (increase) in other assets 5,205 4,932 (4,984)
Increase in other liabilities 6,061 9,756 4,861
Net cash provided by operating activities 83,526 42,395 44,730
Investing Activities      
Purchases of premises and equipment (9,434) (6,655) (11,089)
Net purchases of Federal Home Loan Bank-NY shares (916) (3,107) (9,142)
Purchases of securities held-to-maturity (9,030) (40,205) (5,100)
Proceeds from sales and calls of securities held-to-maturity 15,870 8,515 3,430
Purchases of securities available for sale (161,939) (139,186) (313,822)
Proceeds from sales and calls of securities available for sale 194,799 143,819 163,158
Proceeds from maturities and prepayments of securities available for sale 76,230 118,498 114,097
Proceeds from sale of buildings 49,284 20,209
Purchase of bank owned life insurance (16,000)
Proceeds from life insurance 5,284 2,432
Net originations of loans (225,449) (267,446) (301,766)
Purchases of loans (196,456) (186,717) (278,928)
Proceeds from sale of loans 56,344 11,499 16,252
Proceeds from sale of OREO, net 583 3,037 2,185
Net cash used in investing activities (254,114) (322,232) (600,516)
Financing Activities      
Net increase in non interest-bearing deposits 52,106 63,694 13,635
Net increase in interest-bearing deposits 122,563 245,271 368,137
Net increase in mortgagors' escrow deposits 2,390 3,372 1,165
Net proceeds from short-term borrowed funds 92,000 178,500 30,000
Proceeds from long-term borrowings 230,000 300,000 310,000
Repayment of long-term borrowings (282,538) (562,401) (125,551)
Issuance of subordinated debentures, net of issuance costs of $1,598 73,402
Purchases of treasury stock (9,290) (9,858) (15,605)
Excess tax benefits from stock-based payment arrangements 712 574
Proceeds from issuance of common stock upon exercise of stock options 328 145
Cash dividends paid (20,954) (19,689) (18,616)
Net cash provided by financing activities 186,277 273,331 563,884
Net increase (decrease) in cash and cash equivalents 15,689 (6,506) 8,098
Cash and cash equivalents, beginning of year 35,857 42,363 34,265
Cash and cash equivalents, end of year 51,546 35,857 42,363
Supplemental Cash Flow Disclosure      
Interest paid 59,868 53,755 48,467
Income taxes paid 23,899 36,813 32,574
Taxes paid if excess tax benefits on stock-based compensation were not tax deductible 25,450 37,525 33,148
Non-cash activities:      
Securities transferred from available for sale to held-to-maturity 4,510
Loans transferred to Other Real Estate Owned 639 1,667
Loans provided for the sale of Other Real Estate Owned 280
Loans held for investment transferred to loans held for sale 30,565 300
Securities transferred to other assets $ 7,000