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PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION | 12 Months Ended
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Dec. 31, 2020
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION |
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION | 19. PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION Condensed financial information of Dime Community Bancshares, Inc. (Parent Company only) follows: Condensed Balance Sheets ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
(In thousands) |  | 2020 |  | 2019
Assets: | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | $ | 280 |  | $ | 3,663
Other assets | ​ | ​ | 554 | ​ |  | 174
Investment in the Bank | ​ | ​ | 596,703 | ​ |  | 573,410
Total assets | ​ | $ | 597,537 |  | $ | 577,247
​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities and stockholders’ equity: | ​ | ​ | ​ | ​ |  | ​
Subordinated debentures | ​ | $ | 79,059 |  | $ | 78,920
Other liabilities | ​ | ​ | 647 | ​ |  | 1,173
Total liabilities | ​ | ​ | 79,706 | ​ |  | 80,093
​ | ​ | ​ | ​ | ​ | ​ | ​
Total stockholders’ equity | ​ | ​ | 517,831 | ​ |  | 497,154
Total liabilities and stockholders’ equity | ​ | $ | 597,537 |  | $ | 577,247
​ Condensed Statements of Income ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
(In thousands) |  | 2020 |  | 2019 |  | 2018
Dividends from the Bank | ​ | $ | 26,500 | ​ | $ | 24,500 | ​ | $ | 15,000
Interest expense | ​ |  | 4,401 | ​ |  | 4,539 | ​ |  | 4,539
Non-interest expense | ​ |  | 252 |  | ​ | 104 |  | ​ | 135
Income before income taxes and equity in undistributed earnings of the Bank | ​ |  | 21,847 |  | ​ | 19,857 |  | ​ | 10,326
Income tax benefit | ​ |  | (1,280) |  | ​ | (994) |  | ​ | (1,005)
Income before equity in undistributed earnings of the Bank | ​ |  | 23,127 |  | ​ | 20,851 |  | ​ | 11,331
Equity in undistributed earnings of the Bank | ​ |  | 18,915 |  | ​ | 30,840 |  | ​ | 27,896
Net income | ​ | $ | 42,042 | ​ | $ | 51,691 | ​ | $ | 39,227
​ Condensed Statements of Cash Flows ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
(In thousands) |  | 2020 |  | 2019 |  | 2018
Cash flows from operating activities: | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
Net income | ​ | $ | 42,042 | ​ | $ | 51,691 | ​ | $ | 39,227
Adjustments to reconcile net income to net cash provided by operating activities: | ​ |  |  |  | ​ |  |  | ​ |
Equity in undistributed earnings of the Bank | ​ |  | (18,915) |  | ​ | (30,840) |  | ​ | (27,896)
Amortization | ​ |  | 139 |  | ​ | 139 |  | ​ | 140
(Increase) decrease in other assets | ​ |  | (379) |  | ​ | (73) |  | ​ | 108
(Decrease) increase in other liabilities | ​ |  | (526) |  | ​ | 39 |  | ​ | 11
Net cash provided by operating activities | ​ |  | 22,361 |  | ​ | 20,956 |  | ​ | 11,590
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from financing activities: | ​ |  | ​ |  | ​ | ​ |  | ​ | ​
Net proceeds from issuance of common stock | ​ |  | 1,267 |  | ​ | 1,102 |  | ​ | 1,017
Purchase of treasury stock | ​ |  | (4,633) |  | ​ | (625) |  | ​ | —
Repurchase of surrendered stock from vesting of stock plans | ​ |  | (3,181) |  | ​ | (887) |  | ​ | (586)
Cash dividends paid | ​ |  | (19,197) |  | ​ | (18,420) |  | ​ | (18,342)
Net cash used in financing activities | ​ |  | (25,744) |  | ​ | (18,830) |  | ​ | (17,911)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net (decrease) increase in cash and cash equivalents | ​ |  | (3,383) |  | ​ | 2,126 |  | ​ | (6,321)
Cash and cash equivalents at beginning of year | ​ |  | 3,663 |  | ​ | 1,537 |  | ​ | 7,858
Cash and cash equivalents at end of year | ​ | $ | 280 | ​ | $ | 3,663 | ​ | $ | 1,537
​

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -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 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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