XML 31 R8.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss) $ 2,451 $ (319) $ 7,304 $ 3,676  
Adjustments to reconcile net income to net cash provided by operating activities:          
Amortization of intangible assets 277 324 866 993  
Provision for loan losses 307 589 956 2,330  
Gains on disposal of fixed assets     (13) (7)  
Depreciation and amortization of fixed assets     3,047 2,765  
Amortization of premiums on securities, net     1,442 1,808  
Gains on sales of loans held for sale, net (89) (84) (239) (209)  
Proceeds from sales of loans held for sale     11,225 9,447  
Loans originated and held for sale     (10,637) (9,710)  
Net (gains) losses on trading assets     25 (32)  
Proceeds from sales of trading assets     0 7  
Net gains on securities transactions 11 0 (291) (522)  
Net (gains) losses on sales of other real estate owned 0 (4) (120) 40  
Purchase of trading assets     (112) (92)  
Expense related to restricted stock units for directors' deferred compensation plan     72 71  
Expense related to employee stock compensation     93 117  
Expense related to restricted stock awards     156 112  
Proceeds from bank owned life insurance     0 111  
Income from bank owned life insurance (19) (20) (56) (59)  
(Increase) decrease in other assets     7,581 (475)  
Decrease in accrued interest payable     (30) (61)  
Increase (decrease) in other liabilities     (11,212) 2,077  
Net cash provided by operating activities     10,057 12,387  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Proceeds from sales and calls of securities available for sale     58,035 55,610  
Proceeds from maturities and principal collected on securities available for sale     29,537 19,437  
Proceeds from maturities and principal collected on securities held to maturity     3,022 3,022  
Purchases of securities available for sale     (129,923) (18,301)  
Purchases of securities held to maturity     (1,795) (1,957)  
Purchase of FHLBNY and FRBNY stock     (6,158) (1,103)  
Redemption of FHLBNY and FRBNY stock     7,522 1,223  
Proceeds from sale of equipment     13 7  
Purchases of premises and equipment     (783) (2,118)  
Proceeds from sales of other real estate owned     699 284  
Net increase in loans     (20,993) (123,345)  
Net cash used by investing activities     (60,824) (67,241)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Net increase in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts     169,065 77,980  
Net decrease in time deposits     (38,638) (33,237)  
Net increase (decrease) in securities sold under agreements to repurchase     706 (1,720)  
Repayments of FHLBNY overnight advances, net     (30,830) 0  
Repayments of FHLBNY long term advances     (80) (1,157)  
Payments made on capital lease     (66) 0  
Sale of treasury stock     319 0  
Cash dividends paid     (3,623) (3,595)  
Net cash provided by financing activities     96,853 38,271  
Net increase (decrease) in cash and cash equivalents     46,086 (16,583)  
Cash and cash equivalents, beginning of period     29,163 51,609 $ 51,609
Cash and cash equivalents, end of period 75,249 35,026 75,249 35,026 29,163
Cash paid for:          
Interest     2,698 2,817  
Income taxes     5,662 1,846  
Supplemental disclosure of non-cash activity:          
Transfer of loans to other real estate owned     10 3,074  
Dividends declared, not yet paid $ 1,211 $ 1,201 1,211 1,201 $ 1,204
Assets acquired through long term capital lease obligations     0 3,039  
Securities traded, not yet settled     $ 14,151 $ 0