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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 4,328 $ 4,853
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangible assets 503 589
Provision for loan losses 983 649
Gains on disposal of fixed assets 0 (9)
Depreciation and amortization of fixed assets 2,374 2,062
Amortization of premiums on securities, net 911 1,014
Gains on sales of loans held for sale, net (158) (150)
Proceeds from sales of loans held for sale 7,265 7,004
Loans originated and held for sale (6,840) (6,857)
Net gains on trading assets (19) (12)
Net gains on securities transactions (908) (302)
Net (gains) losses on sales of other real estate owned 16 (120)
Purchase of trading assets (47) (74)
Expense related to restricted stock units for directors' deferred compensation plan 48 49
Expense related to employee stock compensation 210 93
Expense related to employee restricted stock awards 96 104
Income from bank owned life insurance (36) (37)
Decrease in other assets 1,923 7,068
Increase (decrease) in accrued interest payable 4 (19)
Increase (decrease) in other liabilities 793 (11,452)
Net cash provided by operating activities 11,446 4,453
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales and calls of securities available for sale 15,422 54,319
Proceeds from maturities and principal collected on securities available for sale 34,302 17,546
Proceeds from maturities and principal collected on securities held to maturity 1,873 1,184
Purchases of securities available for sale (460) (83,907)
Purchases of securities held to maturity (825) (1,398)
Purchase of FHLBNY and FRBNY stock (5,458) (5,852)
Redemption of FHLBNY and FRBNY stock 5,764 6,514
Proceeds from sale of equipment 0 9
Purchases of premises and equipment (648) (649)
Proceeds from sales of other real estate owned 1,463 699
Net increase in loans (33,440) (29,149)
Net cash provided (used) by investing activities 17,993 (40,684)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts 75,049 83,081
Net decrease in time deposits (7,424) (31,118)
Net increase in securities sold under agreements to repurchase 325 2,230
Repayments of FHLBNY overnight advances, net (13,900) (15,230)
Repayments of FHLBNY long term advances (55) (54)
Payments made on capital lease (86) (31)
Sale of treasury stock 254 267
Cash dividends paid (2,433) (2,413)
Net cash provided by financing activities 51,730 36,732
Net increase in cash and cash equivalents 81,169 501
Cash and cash equivalents, beginning of period 26,185 29,163
Cash and cash equivalents, end of period 107,354 29,664
Cash paid for:    
Interest 1,877 1,783
Income taxes 1,830 4,651
Supplemental disclosure of non-cash activity:    
Transfer of loans to other real estate owned 342 10
Dividends declared, not yet paid 1,222 1,210
Distribution of treasury stock for directors' compensation 262 271
Distribution of treasury stock for deferred directors' compensation 3 3
Assets acquired through long term capital lease obligations $ 2,035 $ 0