Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Dec. 31, 2020	Dec. 31, 2019
Cash Flows from Operating Activities:
Net Income	$ 20,857,000	$ 21,034,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of premises and equipment	2,995,000	2,886,000
Amortization and accretion, net	(2,553,000)	(3,038,000)
Provision for loan losses	9,441,000	2,069,000
Deferred income tax (benefit) expense	(2,013,000)	1,280,000
Loans originated for sale	(25,917,000)	(21,950,000)
Proceeds from sale of loans	24,196,000	23,222,000
Proceeds from sale of Paycheck Protection Plan ("PPP") loans	124,549,000
Gains on sales of loans	(892,000)	(1,036,000)
Fair value adjustment of OREO	293,000
Gain on sales of securities	(964,000)	(262,000)
Gain on sale of premises	(4,378,000)
Realized and unrealized (gains) on equity investments	(1,790,000)	(201,000)
Loss (gain) from sales of other real estate owned	38,000	(177,000)
Gain on sale of impaired loans	(26,000)	(107,000)
Increase in cash surrender value of BOLI	(1,033,000)
Stock-based compensation expense	1,194,000	987,000
(Increase) decrease in accrued interest receivable	(4,606,000)	60,000
Decrease in other assets	272,000	183,000
(Decrease) increase in accrued interest payable	(1,245,000)	147,000
Increase (decrease) in other liabilities	927,000	(830,000)
Net Cash Provided by Operating Activities	139,345,000	24,267,000
Cash flows from Investing Activities:
Proceeds from repayments, calls, and maturities on securities	32,730,000	22,522,000
Purchases of securities	(77,098,000)	(1,153,000)
Proceeds from sales of securities	26,601,000	14,996,000
Proceeds from sale of premises	7,419,000
Purchases of BOLI	(60,000,000)
Proceeds from sales of other real estate owned	878,000	2,417,000
Proceeds from bulk sale of impaired loans held	1,416,000	402,000
Purchase of loans	(48,360,000)
Net (increase) decrease in loans receivable	(200,186,000)	98,849,000
Additions to premises and equipment	(1,388,000)	(2,513,000)
Sale (purchase) of Federal Home Loan Bank of New York stock	2,497,000	(416,000)
Net Cash (Used In) Provided by Investing Activities	(315,491,000)	135,104,000
Cash flows from Financing Activities:
Net (decrease) increase in deposits	(44,013,000)	181,339,000
Net proceeds from Federal Home Loan Bank of New York Advances	88,161,000	50,000,000
Repayments of Federal Home Loan Bank of New York Advances	(142,800,000)	(50,000,000)
Purchase of treasury stock	(4,870,000)
Cash dividends paid on common stock	(9,225,000)	(8,714,000)
Cash dividends paid on preferred stock	(1,300,000)	(1,346,000)
Net proceeds from issuance of common stock	357,000	19,113,000
Net proceeds from issuance of preferred stock	11,192,000	5,310,000
Payments for redemption of preferred stock	(10,485,000)
Exercise of stock options	5,000	16,000
Net Cash (Used In) Provided by Financing Activities	(112,978,000)	195,718,000
Net (Decrease) Increase in Cash and Cash Equivalents	(289,124,000)	355,089,000
Cash and Cash Equivalents - Beginning	550,353,000	195,264,000
Cash and Cash Equivalents - Ending	261,229,000	550,353,000
Supplementary Cash Flow Information:
Cash paid during the year for: Income taxes	12,652,000	10,092,000
Cash paid during the year for: Interest	$ 34,262,000	40,804,000
Non-cash items:
Transfer of loans to other real estate owned		$ 2,530,000

The net increase(decrease) in interest income from the amortization and accretion of net deferred loan origination fees and cost and premiums and discounts on debt security purchases. The amortization and accretion is recognized using the effective interest method over the term of the debt arrangement to which they pertain taking into account the effect of prepayments. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method.

No definition available.