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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income $ 2,527 $ 2,956 $ 6,966 $ 5,935  
Adjustments to reconcile net income to net cash provided by operating activities:          
Amortization of intangible assets 182 213 376 439  
Provision for loan losses 2,362 421 3,071 1,461  
Net losses on disposal of fixed assets     10 31  
Depreciation and amortization of fixed assets     1,816 1,946  
Amortization of premiums on securities, net     608 736  
Gains on sales of loans held for sale, net     (105) (122)  
Proceeds from sales of loans held for sale     5,308 6,204  
Loans originated and held for sale     (5,345) (6,056)  
Net gains on equity investments     (36) (64)  
Net gains on securities transactions     0 (12)  
Net (gains) losses on sales of other real estate owned 48 9 4 (8)  
Purchase of equity investments     (50) (39)  
Expense related to restricted stock units for directors' deferred compensation plan     47 49  
Expense related to employee stock compensation     89 200  
Expense related to employee restricted stock awards     232 107  
Income from bank-owned life insurance (17) (18) (33) (35)  
Increase in other assets and accrued interest receivable     (4,197) (132)  
Decrease in accrued interest payable     (33) (47)  
Increase (decrease) in other liabilities     1,825 (1,594)  
Net cash provided by operating activities     10,553 8,999  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Proceeds from sales and calls of securities available for sale     820 1,075  
Proceeds from maturities and principal collected on securities available for sale     21,666 24,624  
Proceeds from maturities and principal collected on securities held to maturity     585 1,544  
Purchases of securities available for sale     0 (41,306)  
Purchases of securities held to maturity     (610) (1,767)  
Purchase of FHLBNY and FRBNY stock     (17,123) (173)  
Redemption of FHLBNY and FRBNY stock     17,091 450  
Purchases of premises and equipment     (1,218) (890)  
Proceeds from sales of other real estate owned     1,295 176  
Net increase in loans     (27,451) (53,083)  
Net cash used in investing activities     (4,945) (69,350)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Net increase (decrease) in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts     (16,269) 79,997  
Net increase (decrease) in time deposits     27,732 (11,303)  
Net decrease in securities sold under agreements to repurchase     (10,000) (15,669)  
Net increase in FHLBNY overnight advances     1,250 0  
Repayments of FHLBNY long term advances     (2,000) (55)  
Payments made on capital leases     (106) (102)  
Sale of treasury stock     341 322  
Cash dividends paid     (2,470) (2,455)  
Net cash (used in) provided by financing activities     (1,522) 50,735  
Net increase (decrease) in cash and cash equivalents     4,086 (9,616)  
Cash and cash equivalents, beginning of period     30,729 74,162 $ 74,162
Cash and cash equivalents, end of period 34,815 64,546 34,815 64,546 30,729
Cash paid (received) for:          
Interest     1,654 1,601  
Income taxes     1,355 4,050  
Supplemental disclosure of non-cash activity:          
Transfer of loans to other real estate owned     244 116  
Dividends declared, not yet paid $ 1,249 $ 1,231 1,249 1,231 $ 1,232
Distribution of treasury stock for directors' compensation     301 269  
Distribution of treasury stock for deferred directors' compensation     $ 218 $ 11