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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows from Operating Activities:    
Net Income $ 6,945 $ 5,426
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 1,284 1,326
Amortization and accretion, net (943) (872)
Provision for loan losses 3,402 1,274
Deferred income tax (benefit) (284) 584
Loans originated for sale (13,230) (13,257)
Proceeds from sale of loans 14,279 17,945
Gain on sales of loans originated for sale (1,159) (1,071)
(Loss) gains on sales of other real estate owned 10 (1,348)
Fair value adjustment of OREO 101  
Loss on equity investments 160  
Loss on bulk sale of impaired loans held in portfolio 24  
Stock-based compensation expense 164 78
Increase in interest receivable (798) (93)
(Increase) decrease in other assets (4,147) 376
Increase (decrease) in accrued interest payable 263 (50)
Increase in other liabilities 2,567 2,930
Net Cash Provided by Operating Activities 8,638 13,248
Cash flows from investing activities:    
Proceeds from calls on securities available for sale 13,400 16,715
Puchases of securities available for sale (16,336) (25,489)
Proceeds from sales of other real estate owned 408 3,375
Proceeds from bulk sale of impaired loans held 250  
Net increase in loans receivable (296,800) (93,478)
Additions to premises and equipment (737) (1,623)
(Purchase) of Federal Home Loan Bank of New York stock (5,370) (607)
Cash acquired in acquisition 7,597  
Cash paid in acquisition (2,550)  
Net Cash Used In Investing Activities (300,138) (101,107)
Cash flows from financing activities:    
Net increase in deposits 237,070 104,055
Proceeds from Federal Home Loan Bank of New York advances 175,000 28,000
Repayments of Federal Home Loan Bank of New York advances (60,000) (20,000)
Purchases/adjustments of treasury stock   (9,008)
Cash dividends paid on common stock (4,151) (3,012)
Cash dividends paid on preferred stock (428) (283)
Net proceeds from issuance of common stock 217 337
Net proceeds from issuance of preferred stock   9,497
Net payment on redeption of preferred stock   (11,720)
Exercise of stock options 2 2
Net Cash Provided by Financing Activities 347,710 97,868
Net Increase In Cash and Cash Equivalents 56,210 10,009
Cash and Cash Equivalents-Begininng 124,235 65,038
Cash and Cash Equivalents-Ending 180,445 75,047
Supplementary Cash Flow Information:    
Cash paid during the year for: Income taxes 5,933 2,960
Cash paid during the year for: Interest 9,945 7,905
Non-cash items:    
Transfer of loans to other real estate owned $ 837 $ 1,128