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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,707 $ 2,276
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangible assets 258 304
Provision for loan losses 595 390
Gains on disposal of fixed assets 0 (9)
Depreciation and amortization of fixed assets 1,114 1,024
Amortization of premiums on securities, net 478 549
Gains on sales of loans held for sale, net (61) (52)
Proceeds from sales of loans held for sale 2,823 2,341
Loans originated and held for sale (2,279) (2,252)
Net gains on trading assets (9) (10)
Net gains on securities transactions (908) (50)
Net (gains) losses on sales of other real estate owned 5 (78)
Purchase of trading assets (24) (42)
Expense related to restricted stock units for directors' deferred compensation plan 23 25
Expense related to employee stock compensation 210 93
Expense related to employee restricted stock awards 48 52
Income from bank owned life insurance (18) (18)
(Increase) decrease in other assets 2,107 (25)
Decrease in accrued interest payable (2) (12)
Decrease in other liabilities (1,246) (1,062)
Net cash provided by operating activities 5,821 3,444
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales and calls of securities available for sale 15,422 5,751
Proceeds from maturities and principal collected on securities available for sale 7,545 9,165
Proceeds from maturities and principal collected on securities held to maturity 586 598
Purchases of securities held to maturity (597) (460)
Purchase of FHLBNY and FRBNY stock (5,146) (2,391)
Redemption of FHLBNY and FRBNY stock 5,764 3,778
Proceeds from sale of equipment 0 9
Purchases of premises and equipment (337) (285)
Proceeds from sales of other real estate owned 34 647
Net increase in loans (18,739) (22,192)
Net cash provided (used) by investing activities 4,532 (5,380)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts 36,495 112,008
Net decrease in time deposits (2,538) (23,892)
Net increase in securities sold under agreements to repurchase 372 1,432
Repayments of FHLBNY overnight advances, net (13,900) (30,830)
Repayments of FHLBNY long term advances (28) (27)
Payments made on capital lease (36) 0
Sale of treasury stock 170 159
Cash dividends paid (1,214) (1,204)
Net cash provided by financing activities 19,321 57,646
Net increase in cash and cash equivalents 29,674 55,710
Cash and cash equivalents, beginning of period 26,185 29,163
Cash and cash equivalents, end of period 55,859 84,873
Cash paid for:    
Interest 926 904
Income taxes 0 1,546
Supplemental disclosure of non-cash activity:    
Transfer of loans to other real estate owned 151 10
Dividends declared, not yet paid 1,220 1,209
Distribution of treasury stock for directors' compensation $ 262 $ 271