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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income $ 4,981 $ 2,527 $ 9,449 $ 6,966  
Adjustments to reconcile net income to net cash provided by operating activities:          
Amortization of intangible assets 151 182 314 376  
Provision for loan losses 150 2,362 1,243 3,071  
Net losses on disposal of fixed assets     18 10  
Depreciation and amortization of fixed assets     1,623 1,816  
Amortization of right-of-use asset     322    
Amortization of premiums on securities, net     518 608  
Gains on sales of loans held for sale, net (29) (59) (77) (105)  
Proceeds from sales of loans held for sale     3,938 5,308  
Loans originated and held for sale     (3,983) (5,345)  
Changes in fair value on equity investments (27) (26) (116) (24)  
Net gains on securities transactions (19) 0 (19) 0  
Net losses on sales of other real estate owned 3 48 86 4  
Write-downs on OREO     53 0  
Purchase of equity investments     (54) (50)  
Expense related to restricted stock units for directors' deferred compensation plan     21 47  
Expense related to employee stock compensation     100 89  
Expense related to employee restricted stock awards     199 232  
Income from bank-owned life insurance (16) (17) (31) (33)  
Increase in other assets and accrued interest receivable     (2,716) (4,209)  
Payments made on operating leases     (300)    
(Increase) decrease in accrued interest payable     82 (33)  
Increase in other liabilities     2,702 1,825  
Net cash provided by operating activities     13,372 10,553  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Proceeds from sales of securities available for sale     15,200 0  
Proceeds from maturities, calls, and principal paydowns on securities available for sale     21,828 22,486  
Proceeds from maturities and principal collected on securities held to maturity     1,330 585  
Purchases of securities available for sale     (57,262) 0  
Purchases of securities held to maturity     (545) (610)  
Purchase of FHLBNY and FRBNY stock     (6) (17,123)  
Redemption of FHLBNY and FRBNY stock     53 17,091  
Purchases of premises and equipment     (266) (1,218)  
Proceeds from sales of other real estate owned     342 1,295  
Net (increase) decrease in loans     22,884 (27,451)  
Net cash (used in) provided by investing activities     3,558 (4,945)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Net decrease in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts     (55,665) (16,269)  
Net increase in time deposits     27,566 27,732  
Net decrease in securities sold under agreements to repurchase     0 (10,000)  
Net decrease in FHLBNY overnight advances     0 1,250  
Repayments of FHLBNY long term advances     0 (2,000)  
Payments made on finance leases     (109)    
Payments made on finance leases       (106)  
Sale of treasury stock     276 341  
Cash dividends paid     (2,510) (2,470)  
Net cash used in financing activities     (30,442) (1,522)  
Net increase (decrease) in cash and cash equivalents     (13,512) 4,086  
Cash and cash equivalents, beginning of period     129,972 30,729 $ 30,729
Cash and cash equivalents, end of period 116,460 34,815 116,460 34,815 129,972
Cash paid for:          
Interest     2,997 1,654  
Income taxes     1,975 1,355  
Supplemental disclosure of non-cash activity:          
Transfer of loans to other real estate owned     120 244  
Dividends declared, not yet paid 1,259 1,249 1,259 1,249 $ 1,254
Repurchase of common stock in lieu of employee payroll taxes     (13) 0  
Distribution of treasury stock for directors' compensation     357 301  
Distribution of treasury stock for deferred directors' compensation $ 13 $ 218 13 218  
Securities traded, not yet settled     $ 0 $ 0