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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 4,853 $ 3,994
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangible assets 589 669
Provision for loan losses 649 1,741
Gains on disposal of fixed assets (9) (7)
Depreciation and amortization of fixed assets 2,062 1,808
Amortization of premiums on securities, net 1,014 1,223
Gains on sales of loans held for sale, net (150) (125)
Proceeds from sales of loans held for sale 7,004 5,477
Loans originated and held for sale (6,857) (5,571)
Net gains on trading assets (12) (30)
Proceeds from sales of trading assets 0 7
Net gains on securities transactions (302) (522)
Net (gains) losses on sales of other real estate owned (120) 44
Purchase of trading assets (74) (61)
Decrease in other assets 7,068 1,672
Decrease in accrued interest payable (19) (46)
Expense related to restricted stock units for directors' deferred compensation plan 49 48
Expense related to employee stock compensation 93 117
Expense related to restricted stock awards 104 74
Decrease in other liabilities (11,452) (3,041)
Proceeds from bank owned life insurance 0 110
Income from bank owned life insurance (37) (39)
Net cash provided by operating activities 4,453 7,542
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales and calls of securities available for sale 54,319 49,765
Proceeds from maturities and principal collected on securities available for sale 17,546 13,272
Proceeds from maturities and principal collected on securities held to maturity 1,184 1,813
Purchases of securities available for sale (83,907) (2,627)
Purchases of securities held to maturity (1,398) (592)
Purchase of FHLBNY and FRBNY stock (5,852) (293)
Redemption of FHLBNY and FRBNY stock 6,514 45
Proceeds from sale of equipment 9 7
Purchases of premises and equipment (649) (1,707)
Proceeds from sales of other real estate owned 699 298
Net increase in loans (29,149) (89,949)
Net cash used by investing activities (40,684) (29,968)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts 83,081 61,148
Net decrease in time deposits (31,118) (18,976)
Net increase (decrease) in securities sold under agreements to repurchase 2,230 (1,955)
Repayments of FHLBNY overnight advances, net (15,230) 0
Repayments of FHLBNY long term advances (54) (1,107)
Increase in capital lease obligation 0 384
Payments made on capital lease (31) 0
Sale of treasury stock 267 0
Cash dividends paid (2,413) (2,395)
Net cash provided by financing activities 36,732 37,099
Net increase in cash and cash equivalents 501 14,673
Cash and cash equivalents, beginning of period 29,163 51,609
Cash and cash equivalents, end of period 29,664 66,282
Cash paid for:    
Interest 1,783 1,888
Income taxes 4,651 1,246
Supplemental disclosure of non-cash activity:    
Transfer of loans to other real estate owned 10 578
Dividends declared, not yet paid $ 1,210 $ 1,201