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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income $ 1,956 $ 6,930 $ 11,405 $ 13,896  
Adjustments to reconcile net income to net cash provided by operating activities:          
Amortization of intangible assets 151 182 465 558  
Provision for loan losses 4,441 300 5,684 3,371  
Net losses on disposal of fixed assets     35 10  
Depreciation and amortization of fixed assets     2,375 2,625  
Amortization of right-of-use asset     541    
Amortization of premiums on securities, net     784 910  
Gains on sales of loans held for sale, net (69) (79) (146) (184)  
Proceeds from sales of loans held for sale     7,293 9,476  
Loans originated and held for sale     (7,958) (10,465)  
Changes in fair value on equity investments 10 (2,141) (106) (2,165)  
Proceeds from sales of equity investments     22 2,288  
Net gains on securities transactions 0 0 (19) 0  
Net losses on sales of other real estate owned 1 (123) 87 (119)  
Write-downs on OREO     53 0  
Purchase of equity investments     (72) (84)  
Expense related to restricted stock units for directors' deferred compensation plan     31 57  
Expense related to employee stock compensation     100 89  
Expense related to employee restricted stock awards     296 301  
Income from bank-owned life insurance (17) (17) (48) (50)  
Increase in other assets and accrued interest receivable     (2,233) (3,510)  
Payments made on operating leases     (467)    
Increase in accrued interest payable     94 28  
Increase in other liabilities     3,592 3,073  
Net cash provided by operating activities     21,808 20,105  
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     37,152 39,286  
Proceeds from maturities and principal collected on securities held to maturity     2,498 988  
Purchases of securities available for sale     (67,522) 0  
Purchases of securities held to maturity     (1,043) (1,410)  
Purchase of FHLBNY and FRBNY stock     (6) (22,003)  
Redemption of FHLBNY and FRBNY stock     53 24,649  
Purchases of premises and equipment     (392) (1,492)  
Proceeds from sales of other real estate owned     376 1,576  
Net (increase) decrease in loans     4,411 (13,955)  
Net cash (used in) provided by investing activities     (9,273) 27,639  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Net decrease in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts     (12,330) 82,012  
Net increase in time deposits     19,599 26,539  
Net decrease in securities sold under agreements to repurchase     0 (10,000)  
Net decrease in FHLBNY overnight advances     0 (57,700)  
Repayments of FHLBNY long term advances     0 (2,000)  
Payments made on finance leases     (164)    
Payments made on finance leases       (159)  
Sale of treasury stock     455 466  
Cash dividends paid     (3,769) (3,719)  
Net cash used in financing activities     3,791 35,439  
Net increase in cash and cash equivalents     16,326 83,183  
Cash and cash equivalents, beginning of period     129,972 30,729 $ 30,729
Cash and cash equivalents, end of period 146,298 113,912 146,298 113,912 129,972
Cash paid for:          
Interest     4,651 2,650  
Income taxes     3,225 1,355  
Supplemental disclosure of non-cash activity:          
Transfer of loans to other real estate owned     152 244  
Dividends declared, not yet paid $ 1,260 $ 1,249 1,260 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