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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 19,039 $ (1,390)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for credit losses 2,820 7,178
Depreciation and amortization of bank premises and equipment 1,639 1,536
Amortization of premium, net of accretion of discount 107 1,642
Net (gain) loss from fair value adjustments (982) 5,993
Net (gain) loss from fair value adjustments on qualifying hedges (1,427) 2,073
Net gain on sales of loans (31) (42)
Net loss on sales of securities 0 37
Net gain from sale or disposition of asset (621) 0
Net loss from OREO 0 31
Income from bank owned life insurance (997) (943)
Amortization of core deposit intangibles 159 0
Stock-based compensation expense 3,470 3,430
Deferred compensation (1,754) (1,296)
Deferred income tax benefit 0 (2,318)
Increase in other liabilities (4,881) (7,106)
(Increase) decrease in other assets (6,972) 2,440
Net cash provided by operating activities 9,569 11,265
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of premises and equipment (958) (759)
Net redemptions (purchases) of Federal Home Loan Bank of New York shares 1,941 (17,079)
Proceeds from maturities and calls of securities held-to-maturity 0 180
Proceeds from prepayments of securities held-to-maturity 0 150
Purchases of securities available for sale (352,637) (63,434)
Proceeds from sales and calls of securities available for sale 7,500 64,600
Proceeds from maturities and prepayments of securities available for sale 227,829 40,383
Net originations of loans (41,680) (55,906)
Purchases of loans (25,948) (77,233)
Proceeds from sale of loans 8,249 580
Net cash used in investing activities (175,704) (108,518)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in non-interest bearing deposits 138,517 54,126
Net increase (decrease) in interest-bearing deposits 97,227 (247,777)
Net increase in mortgagors' escrow deposits 28,726 28,676
Net proceeds from short-term borrowed funds 0 410,000
Proceeds from long-term borrowings 0 50,000
Repayment of long-term borrowings (73,361) (80,456)
Purchases of treasury stock (1,290) (3,835)
Cash dividends paid (6,652) (6,084)
Net cash provided by financing activities 183,167 204,650
Net increase in cash and cash equivalents 17,032 107,397
Cash and cash equivalents, beginning of period 157,388 49,787
Cash and cash equivalents, end of period 174,420 157,184
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 9,935 25,617
Income taxes paid 1,579 1,094
Taxes paid if excess tax benefits on stock-based compensation were not tax deductible $ 1,254 $ 868