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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 4,439 $ 2,979
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangible assets 194 226
Provision for loan losses 709 1,040
Net losses on disposal of fixed assets 7 0
Depreciation and amortization of fixed assets 889 960
Amortization of premiums on securities, net 305 357
Gains on sales of loans held for sale, net (46) (69)
Proceeds from sales of loans held for sale 3,611 3,634
Loans originated and held for sale (3,213) (3,173)
Net gains on equity investments (6) (32)
Net gains on sales of other real estate owned (44) (17)
Purchase of equity investments (28) (20)
Expense related to restricted stock units for directors' deferred compensation plan 25 24
Expense related to employee stock compensation 89 200
Expense related to employee restricted stock awards 163 52
Income from bank-owned life insurance (16) (17)
(Increase) decrease in other assets and accrued interest receiable (2,478) 2,290
Decrease in accrued interest payable (29) (38)
Increase (decrease) in other liabilities 2,409 (1,892)
Net cash provided by operating activities 6,980 6,504
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales and calls of securities available for sale 285 0
Proceeds from maturities and principal collected on securities available for sale 9,078 9,289
Proceeds from maturities and principal collected on securities held to maturity 261 1,164
Purchases of securities available for sale 0 (5,659)
Purchases of securities held to maturity (120) (180)
Purchase of FHLBNY and FRBNY stock (6,437) (6)
Redemption of FHLBNY and FRBNY stock 9,124 450
Purchases of premises and equipment (375) (243)
Proceeds from sales of other real estate owned 157 101
Net increase in loans (8,572) (34,327)
Net cash (used in) provided by investing activities 3,401 (29,411)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts 52,670 91,400
Net decrease in time deposits (1,916) (3,492)
Net decrease in securities sold under agreements to repurchase 0 (12,391)
Net decrease in FHLBNY overnight advances, net (57,700) 0
Repayments of FHLBNY long term advances (2,000) (28)
Payments made on capital leases (53) (51)
Sale of treasury stock 126 217
Cash dividends paid (1,233) (1,225)
Net cash (used in) provided by financing activities (10,106) 74,430
Net increase in cash and cash equivalents 275 51,523
Cash and cash equivalents, beginning of period 30,729 74,162
Cash and cash equivalents, end of period 31,004 125,685
Cash paid (received) for:    
Interest 798 858
Income taxes (175) 0
Supplemental disclosure of non-cash activity:    
Transfer of loans to other real estate owned 5 33
Dividends declared, not yet paid 1,238 1,230
Distribution of treasury stock for directors' compensation $ 301 $ 269