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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 10,395 $ 9,824
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 1,504 1,412
Allocation of ESOP stock 288 291
Stock awards 638 429
Amortization of servicing asset 214 594
Net premium amortization in excess of discount accretion on securities 1,140 1,472
Net amortization of deferred costs and discounts on loans 70 35
Provision for loan losses 675 805
Net gain on sale of other real estate owned (112) (44)
Net gain on sales of investment securities available-for-sale 0 (348)
Net gain on sales of loans (377) (351)
Proceeds from sales of mortgage loans held for sale 28,144 21,368
Mortgage loans originated for sale (25,020) (21,715)
Increase in value of Bank Owned Life Insurance (810) (715)
(Increase) decrease in interest and dividends receivable (44) 63
Decrease in other assets 1,311 93
Decrease in other liabilities (2,205) (5,271)
Total adjustments 5,416 (1,882)
Net cash provided by operating activities 15,811 7,942
Cash flows from investing activities:    
Net increase in loans receivable (77,571) (72,377)
Purchase of loans receivable (7,186) (20,574)
Purchase of investment securities available-for-sale (9,973) (651)
Purchase of mortgage-backed securities held-to-maturity   (10,134)
Purchase of investment-backed securities held-to-maturity   (5,003)
Proceeds from maturities of investment securities available-for-sale   10,000
Proceeds from sale of investment securities available-for-sale   1,402
Proceeds from maturities of investment securities held-to-maturity 23,285 4,350
Principal repayments on mortgage-backed securities held-to-maturity 30,997 27,178
Decrease (increase) in Federal Home Loan Bank of New York stock 430 (5,728)
Proceeds from sales of other real estate owned 1,398 1,173
Purchases of premises and equipment (1,697) (2,158)
Net cash used in investing activities (40,317) (72,522)
Cash flows from financing activities:    
Increase (decrease) in deposits 41,540 (41,253)
Decrease in short-term borrowings (40,747) (5,963)
Proceeds from Federal Home Loan Bank advances 35,000 190,000
Repayments of Federal Home Loan Bank advances   (60,000)
Increase in advances by borrowers for taxes and insurance 1,522 425
Exercise of stock options 165 265
Purchase of treasury stock (4,452) (5,020)
Dividends paid (4,288) (4,065)
Tax benefit of stock plans 8 50
Net cash provided by financing activities 28,748 74,439
Net increase in cash and due from banks 4,242 9,859
Cash and due from banks at beginning of period 36,117 33,958
Cash and due from banks at end of period 40,359 43,817
Supplemental Disclosure of Cash Flow Information:    
Interest 4,137 3,229
Income taxes 762 6,601
Non-cash activities:    
Loans charged-off, net $ 458 799
Transfer of loans receivable to other real estate owned   $ 1,752