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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities      
Net Income $ 55,090 $ 41,121 $ 64,916
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 575 9,861
Depreciation and amortization of premises and equipment 5,792 4,832 4,450
Net gain on sales of loans (168) (603) (584)
Net loss (gain) on sales of securities 1,920 186 (1,524)
Net (gain) loss on sales of OREO (27) (50) 238
Net gain on sales of assets (1,141)
Net gain on sales of buildings (48,018)
Amortization of premium, net of accretion of discount 8,146 7,509 8,453
Fair value adjustment for financial assets and financial liabilities 4,122 3,465 3,434
Income from bank owned life insurance (3,099) (3,227) (2,797)
Life insurance proceeds (2,998) (1,405) (460)
Stock-based compensation expense 7,016 5,990 5,884
Deferred compensation (3,061) (4,154) (4,033)
Excess tax benefits from stock-based payment arrangements (712)
Deferred income tax provision (benefit) (2,664) 8,735 (1,540)
Decrease in other assets 824 5,205 4,932
Increase in other liabilities 6,976 6,061 9,756
Net cash provided by operating activities 77,303 83,526 42,395
Investing Activities      
Purchases of premises and equipment (5,409) (9,434) (6,655)
Net purchases (redemptions) of Federal Home Loan Bank-NY shares 2,807 (916) (3,107)
Purchases of securities held-to-maturity (2,653) (9,030) (40,205)
Proceeds from calls of securities held-to-maturity 1,130 15,870 8,515
Proceeds from prepayments of securities held-to-maturity 377
Purchases of securities available for sale (305,059) (161,939) (139,186)
Proceeds from sales and calls of securities available for sale 128,474 194,799 143,819
Proceeds from maturities and prepayments of securities available for sale 73,968 76,230 118,498
Proceeds from sale of assets 1,184
Proceeds from sale of buildings 49,284
Purchase of bank owned life insurance (16,000)
Proceeds from life insurance 6,165 5,284 2,432
Net originations of loans (111,351) (225,449) (267,446)
Purchases of loans (282,703) (196,456) (186,717)
Proceeds from sale of loans 14,410 56,344 11,499
Proceeds from sale of OREO, net 665 583 3,037
Net cash used in investing activities (477,995) (254,114) (322,232)
Financing Activities      
Net increase in non interest-bearing deposits 28,478 52,106 63,694
Net increase in interest-bearing deposits 546,322 122,563 245,271
Net increase in mortgagors' escrow deposits 2,255 2,390 3,372
Net proceeds from short-term borrowed funds 165,250 92,000 178,500
Proceeds from long-term borrowings 40,996 230,000 300,000
Repayment of long-term borrowings (270,088) (282,538) (562,401)
Issuance of subordinated debentures, net of issuance costs of $1,598 73,402
Purchases of treasury stock (22,585) (9,290) (9,858)
Excess tax benefits from stock-based payment arrangements 712
Proceeds from issuance of common stock upon exercise of stock options 6 328
Cash dividends paid (22,927) (20,954) (19,689)
Net cash provided by financing activities 467,707 186,277 273,331
Net increase (decrease) in cash and cash equivalents 67,015 15,689 (6,506)
Cash and cash equivalents, beginning of year 51,546 35,857 42,363
Cash and cash equivalents, end of year 118,561 51,546 35,857
Supplemental Cash Flow Disclosure      
Interest paid 85,112 59,868 53,755
Income taxes paid 6,616 23,899 36,813
Taxes paid if excess tax benefits on stock-based compensation were not tax deductible 7,245 25,450 37,525
Non-cash activities:      
Loans transferred to other real estate owned 673 639
Loans held for investment transferred to loans held for sale 30,565
Securities transferred to other assets 7,000
Reclassification of the income tax effects of Tax Cuts and Jobs Act from accumulated other comprehensive income to retained earnings $ 2,073