Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
Mar. 31, 2022	Mar. 31, 2021
Cash Flows from Operating Activities:
Net Income	$ 9,952	$ 7,117
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of premises and equipment	629	634
Amortization and accretion, net	(375)	(191)
(Reversal) provision for loan losses	(2,575)	1,865
Deferred income tax expense (benefit)	735	(617)
Loans originated for sale	(2,452)	(10,074)
Proceeds from sale of loans	3,144	12,731
Gain on sales of loans originated for sale	(65)	(274)
Realized and unrealized losses on equity investments	2,685	196
Stock-based compensation expense	95	135
BOLI income	(755)	(701)
(Increase) decrease in accrued interest receivable	(410)	868
(Increase) decrease in other assets	(107)	3,124
Decrease in accrued interest payable	(497)	(656)
Increase in other liabilities	1,748	211
Net Cash Provided by Operating Activities	11,752	14,368
Cash flows from investing activities:
Proceeds from repayments, calls, and maturities on securities	3,068	5,843
Purchases of securities	(7,488)	(757)
Proceeds from sales of securities	1,233
Proceeds from sale of impaired loans		180
Net increase in loans receivable	(87,723)	(2,891)
Purchases of BOLI		(8,500)
Additions to premises and equipment	(38)	(158)
(Purchase) sale of Federal Home Loan Bank of New York stock	(44)	2,404
Net Cash Used In Investing Activities	(90,992)	(3,879)
Cash flows from financing activities:
Net increase in deposits	69,773	86,085
Net proceeds from Federal Home Loan Bank of New York Advances		10,000
Repayments of Federal Home Loan Bank of New York Advances		(68,000)
Purchase of treasury stock	(8)	(412)
Cash dividends paid on common stock	(2,601)	(2,281)
Cash dividends paid on preferred stock	(276)	(283)
Net proceeds from issuance of common stock	86	111
Net proceeds from issuance of preferred stock	2,620
Payments for redemption of preferred stock	(5,330)
Net Cash Provided by Financing Activities	64,264	25,220
Net (Decrease) Increase in Cash and Cash Equivalents	(14,976)	35,709
Cash and Cash Equivalents - Beginning	411,629
Cash and Cash Equivalents - Ending	396,653	296,938
Supplementary Cash Flow Information:
Cash paid during the year for: Income taxes	411	375
Cash paid during the year for: Interest	$ 3,150	$ 5,169

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.