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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income $ 6,930 $ 3,654 $ 13,896 $ 9,589  
Adjustments to reconcile net income to net cash provided by operating activities:          
Amortization of intangible assets 182 214 558 653  
Provision for loan losses 300 1,289 3,371 2,750  
Net losses on disposal of fixed assets     10 15  
Depreciation and amortization of fixed assets     2,625 2,820  
Amortization of premiums on securities, net     910 1,098  
Gains on sales of loans held for sale, net     (184) (193)  
Proceeds from sales of loans held for sale     9,476 9,655  
Loans originated and held for sale     (10,465) (10,296)  
Changes in fair value on equity investments (2,141) (32) (2,165) (96)  
Proceeds from sales of equity investments     2,288 20  
Net gains on securities transactions     0 (12)  
Net gains on sales of other real estate owned (123) (30) (119) (38)  
Purchase of equity investments     (84) (59)  
Expense related to restricted stock units for directors' deferred compensation plan     57 72  
Expense related to employee stock compensation     89 200  
Expense related to employee restricted stock awards     301 162  
Income from bank-owned life insurance (17) (17) (50) (52)  
(Increase) decrease in other assets and accrued interest receivable     (3,510) 888  
(Increase) decrease in other assets and accrued interest payable     28 (26)  
Increase (decrease) in other liabilities     3,073 (565)  
Net cash provided by operating activities     20,105 16,585  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Proceeds from sales and calls of securities available for sale     1,385 1,620  
Proceeds from maturities and principal collected on securities available for sale     37,901 35,262  
Proceeds from maturities and principal collected on securities held to maturity     988 2,807  
Purchases of securities available for sale     0 (41,306)  
Purchases of securities held to maturity     (1,410) (1,967)  
Purchase of FHLBNY and FRBNY stock     (22,003) (1,708)  
Redemption of FHLBNY and FRBNY stock     24,649 2,252  
Proceeds from sale of equipment     0 16  
Purchases of premises and equipment     (1,492) (1,294)  
Proceeds from sales of other real estate owned     1,576 383  
Net increase in loans     (13,955) (90,019)  
Net cash (used in) provided by investing activities     27,639 (93,954)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Net increase in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts     82,012 98,599  
Net increase (decrease) in time deposits     26,539 (17,924)  
Net decrease in securities sold under agreements to repurchase     (10,000) (17,606)  
Net decrease in FHLBNY overnight advances     (57,700) 0  
Repayments of FHLBNY long term advances     (2,000) (84)  
Payments made on capital leases     (159) (154)  
Sale of treasury stock     466 441  
Cash dividends paid     (3,719) (3,687)  
Net cash (used in) provided by financing activities     35,439 59,585  
Net increase (decrease) in cash and cash equivalents     83,183 (17,784)  
Cash and cash equivalents, beginning of period     30,729 74,162 $ 74,162
Cash and cash equivalents, end of period 113,912 56,378 113,912 56,378 30,729
Cash paid (received) for:          
Interest     2,650 2,314  
Income taxes     1,355 4,050  
Supplemental disclosure of non-cash activity:          
Transfer of loans to other real estate owned     244 187  
Dividends declared, not yet paid $ 1,249 $ 1,232 1,249 1,232 $ 1,233
Distribution of treasury stock for directors' compensation     301 269  
Distribution of treasury stock for deferred directors' compensation     $ 218 $ 11