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Parent Company Only Financial Information | 12 Months Ended
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Dec. 31, 2018
Parent Company Only Financial Information | NOTE 16: PARENT COMPANY-ONLY FINANCIAL INFORMATION The following tables present the condensed financial statements for New York Community Bancorp, Inc. (Parent Company only): Condensed Statements of Condition
|  | December 31, |
(in thousands) |  | 2018 |  |  | 2017 |
ASSETS: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 228,618 |  |  | $ | 90,536 |
Investments in subsidiaries |  |  | 7,064,341 |  |  |  | 7,050,139 |
Receivables from subsidiaries |  |  | 6,455 |  |  |  | 4,750 |
Other assets |  |  | 23,724 |  |  |  | 23,980 |
Total assets |  | $ | 7,323,138 |  |  | $ | 7,169,405 |
LIABILITIES AND STOCKHOLDERS’ EQUITY: |  |  |  |  |  |  |  |
Junior subordinated debentures |  | $ | 359,508 |  |  | $ | 359,179 |
Subordinated notes |  |  | 294,697 |  |  |  | — |
Other liabilities |  |  | 13,698 |  |  |  | 14,850 |
Total liabilities |  |  | 667,903 |  |  |  | 374,029 |
Stockholders’ equity |  |  | 6,655,235 |  |  |  | 6,795,376 |
Total liabilities and stockholders’ equity |  | $ | 7,323,138 |  |  | $ | 7,169,405 |
Condensed Statements of Income
|  | Years Ended December 31, |
(in thousands) |  | 2018 |  |  | 2017 |  |  | 2016 |
Interest income |  | $ | 500 |  |  | $ | 943 |  |  | $ | 527 |
Dividends received from subsidiaries |  |  | 380,000 |  |  |  | 336,000 |  |  |  | 330,000 |
Other income |  |  | 793 |  |  |  | 1,700 |  |  |  | 679 |
Gross income |  |  | 381,293 |  |  |  | 338,643 |  |  |  | 331,206 |
Operating expenses |  |  | 59,372 |  |  |  | 54,333 |  |  |  | 49,157 |
Income before income tax benefit and equity in underdistributed earnings of subsidiaries |  |  | 321,921 |  |  |  | 284,310 |  |  |  | 282,049 |
Income tax benefit |  |  | 16,616 |  |  |  | 19,575 |  |  |  | 19,592 |
Income before equity in underdistributed (overdistributed) earnings of subsidiaries |  |  | 338,537 |  |  |  | 303,885 |  |  |  | 301,641 |
Equity in underdistributed earnings of subsidiaries |  |  | 83,880 |  |  |  | 162,316 |  |  |  | 193,760 |
Net income |  | $ | 422,417 |  |  | $ | 466,201 |  |  | $ | 495,401 |
Condensed Statements of Cash Flows
|  | Years Ended December 31, |
(in thousands) |  | 2018 |  |  | 2017 |  |  | 2016 |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 422,417 |  |  | $ | 466,201 |  |  | $ | 495,401 |
Change in other assets |  |  | 256 |  |  |  | 10,122 |  |  |  | 316 |
Change in other liabilities |  |  | (1,152 | ) |  |  | (36,226 | ) |  |  | (2,252 | )
Other, net |  |  | 36,677 |  |  |  | 36,330 |  |  |  | 33,333 |
Equity in underdistributed earnings of subsidiaries |  |  | (83,880 | ) |  |  | (162,316 | ) |  |  | (193,760 | )
Net cash provided by operating activities |  | $ | 374,318 |  |  | $ | 314,111 |  |  | $ | 333,038 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales and repayments of securities |  | $ | — |  |  | $ | 2,000 |  |  | $ | — |
Change in receivable from subsidiaries, net |  |  | (1,705 | ) |  |  | 3,089 |  |  |  | (204 | )
Investment in subsidiaries |  |  | — |  |  |  | (420,000 | ) |  |  | — |
Net cash used in investing activities |  |  | (1,705 | ) |  |  | (414,911 | ) |  | $ | (204 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Treasury stock repurchased |  | $ | (163,249 | ) |  | $ | (18,463 | ) |  | $ | (8,677 | )
Cash dividends paid on common and preferred stock |  |  | (365,889 | ) |  |  | (356,768 | ) |  |  | (330,810 | )
Proceeds from issuance of preferred stock |  |  | — |  |  |  | 502,840 |  |  |  | — |
Proceeds from issuance of subordinated notes |  |  | 294,607 |  |  |  | — |  |  |  | — |
Net cash (used in) provided by financing activities |  |  | (234,531 | ) |  | $ | 127,609 |  |  | $ | (339,487 | )
Net increase (decrease) in cash and cash equivalents |  |  | 138,082 |  |  |  | 26,809 |  |  |  | (6,653 | )
Cash and cash equivalents at beginning of year |  |  | 90,536 |  |  |  | 63,727 |  |  |  | 70,380 |
Cash and cash equivalents at end of year |  | $ | 228,618 |  |  | $ | 90,536 |  |  | $ | 63,727 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 + Details
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