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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net income $ 41,279 $ 55,090 $ 41,121
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 2,811 575 9,861
Depreciation and amortization of premises and equipment 5,930 5,792 4,832
Net gain on sales of loans (870) (168) (603)
Net loss (gain) on sales of securities 15 1,920 186
Net (gain) loss on sales of OREO 0 (27) (50)
Net gain on sales of assets (770) (1,141) 0
Amortization of premium, net of accretion of discount 7,110 8,146 7,509
Fair value adjustment for financial assets and financial liabilities 5,353 4,122 3,465
Net loss from fair value adjustments of qualifying hedges 1,677 0 0
Income from bank owned life insurance (3,534) (3,099) (3,227)
Life insurance proceeds (462) (2,998) (1,405)
Stock-based compensation expense 7,763 7,016 5,990
Deferred compensation (3,078) (3,061) (4,154)
Deferred income tax (benefit) provision (3,895) (2,664) 8,735
Decrease in other assets 706 824 5,205
Increase in other liabilities 3,735 6,976 6,061
Net cash provided by operating activities 63,770 77,303 83,526
Investing Activities      
Purchases of premises and equipment (4,213) (5,409) (9,434)
Net purchases (redemptions) of Federal Home Loan Bank-NY shares 361 2,807 (916)
Purchases of securities held-to-maturity (30,030) (2,653) (9,030)
Proceeds from calls of securities held-to-maturity 2,568 1,130 15,870
Proceeds from prepayments of securities held-to-maturity 583 377 0
Purchases of securities available for sale (146,183) (305,059) (161,939)
Proceeds from sales and calls of securities available for sale 65,493 128,474 194,799
Proceeds from maturities and prepayments of securities available for sale 144,673 73,968 76,230
Proceeds from sale of assets 813 1,184 0
Purchase of bank owned life insurance (25,000) 0 0
Proceeds from life insurance 3,071 6,165 5,284
Purchases of loans (221,222) (282,703) (196,456)
Net originations of loans (800) (111,351) (225,449)
Proceeds from sale of loans 15,117 14,410 56,344
Proceeds from sale of OREO, net 0 665 583
Net cash used in investing activities (194,769) (477,995) (254,114)
Financing Activities      
Net increase in non interest-bearing deposits 21,325 28,478 52,106
Net increase in interest-bearing deposits 84,540 546,322 122,563
Net (decrease) increase in mortgagors' escrow deposits (486) 2,255 2,390
Net proceeds from short-term borrowed funds 15,750 165,250 92,000
Proceeds from long-term borrowings 225,000 40,996 230,000
Repayment of long-term borrowings (257,102) (270,088) (282,538)
Purchases of treasury stock (2,656) (22,585) (9,290)
Proceeds from issuance of common stock upon exercise of stock options 3 6  
Cash dividends paid (24,149) (22,927) (20,954)
Net cash provided by financing activities 62,225 467,707 186,277
Net (decrease) increase in cash and cash equivalents (68,774) 67,015 15,689
Cash and cash equivalents, beginning of year 118,561 51,546 35,857
Cash and cash equivalents, end of year 49,787 118,561 51,546
Supplemental Cash Flow Disclosure      
Interest paid 115,616 85,112 59,868
Income taxes paid 15,369 6,616 23,899
Taxes paid if excess tax benefits on stock-based compensation were not tax deductible 15,403 7,245 25,450
Non-cash activities:      
Loans transferred to other real estate owned 239 673  
Loans held for investment transferred to loans held for sale     30,565
Securities transferred to other assets     $ 7,000
Right-of-use assets 42,869    
Right-of-use assets obtained in exchange for new operating lease liabilities 1,576    
Operating lease liabilities $ 51,780    
Reclassification of the income tax effects of Tax Cuts and Jobs Act from accumulated other comprehensive income to retained earnings   $ 2,073