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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,979 $ 2,707
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangible assets 226 258
Provision for loan losses 1,040 595
Depreciation and amortization of fixed assets 960 1,114
Amortization of premiums on securities, net 357 478
Gains on sales of loans held for sale, net (69) (61)
Proceeds from sales of loans held for sale 3,634 2,823
Loans originated and held for sale (3,173) (2,279)
Net gains on trading assets (32) (9)
Net gains on securities transactions 0 (908)
Net (gains) losses on sales of other real estate owned (17) 5
Purchase of trading assets (20) (24)
Expense related to restricted stock units for directors' deferred compensation plan 24 23
Expense related to employee stock compensation 200 210
Expense related to employee restricted stock awards 52 48
Income from bank-owned life insurance (17) (18)
Decrease in other assets and accrued interest receivable 2,290 2,107
Decrease in accrued interest payable (38) (2)
Decrease in other liabilities (1,892) (1,246)
Net cash provided by operating activities 6,504 5,821
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales and calls of securities available for sale 0 15,422
Proceeds from maturities and principal collected on securities available for sale 9,289 7,545
Proceeds from maturities and principal collected on securities held to maturity 1,164 586
Purchases of securities available for sale (5,659) 0
Purchases of securities held to maturity (180) (597)
Purchase of FHLBNY and FRBNY stock (6) (5,146)
Redemption of FHLBNY and FRBNY stock 450 5,764
Purchases of premises and equipment (243) (337)
Proceeds from sales of other real estate owned 101 34
Net increase in loans (34,327) (18,739)
Net cash (used in) provided by investing activities (29,411) 4,532
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts 91,400 36,495
Net decrease in time deposits (3,492) (2,538)
Net increase (decrease) in securities sold under agreements to repurchase (12,391) 372
Repayments of FHLBNY overnight advances, net 0 (13,900)
Repayments of FHLBNY long term advances (28) (28)
Payments made on capital lease (51) (36)
Sale of treasury stock 217 170
Cash dividends paid (1,225) (1,214)
Net cash provided by financing activities 74,430 19,321
Net increase in cash and cash equivalents 51,523 29,674
Cash and cash equivalents, beginning of period 74,162 26,185
Cash and cash equivalents, end of period 125,685 55,859
Cash paid for:    
Interest 858 926
Income taxes 0 0
Supplemental disclosure of non-cash activity:    
Transfer of loans to other real estate owned 33 151
Dividends declared, not yet paid 1,230 1,220
Distribution of treasury stock for directors' compensation 269 262
Distribution of treasury stock for deferred directors' compensation 0  
Assets acquired through long term capital lease obligations $ 0 $ 0