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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 37,303 $ 34,531
Adjustments to reconcile net income to net cash provided by operating activities:    
Net loss on sales of securities available-for-sale and other assets 1,447  
Net gain on sale of loans held for sale (564) (390)
Net depreciation, amortization and accretion 1,602 2,768
Amortization of other intangible assets 377 586
Stock-based compensation 1,302 1,219
Recovery for credit losses (3,648) (1,592)
Originations of loans held for sale (2,220) (6,179)
Proceeds from sale of loans originated for sale 8,940 9,158
Increase in cash surrender value of BOLI (2,163) (1,839)
Decrease in other assets 2,837 8,967
(Decrease) increase in other liabilities (31,796) 32,394
Net cash provided by operating activities 13,417 79,623
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities available-for-sale 77,804  
Purchases of securities available-for-sale (78,157) (3,000)
Purchases of securities held-to-maturity (23,739) (31,944)
Proceeds from calls and principal repayments of securities available-for-sale 21,000 49,853
Proceeds from calls and principal repayments of securities held-to-maturity 4,714 2,733
Proceeds from the sale of portfolio loans transferred to held for sale   1,069
Net increase in loans (175,002) (23,179)
Purchases of fixed assets, net (787) (1,842)
Purchases of restricted stock, net (16,513) (1,166)
Net cash used in investing activities (190,680) (7,476)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase (decrease) in deposits 315,884 (28,872)
Proceeds from FHLBNY advances, short-term, net 205,000 25,000
Proceeds from FHLBNY advances, long-term 162,000  
Proceeds of other short-term borrowings, net 708 991
Release of stock for benefit plan awards 207 43
Payments related to tax withholding for equity awards (1,113) (1,414)
Purchase of treasury stock (715) (17,392)
Cash dividends paid to preferred stockholders (1,821) (1,821)
Cash dividends paid to common stockholders (9,052) (9,410)
Net cash provided by (used in) financing activities 671,098 (32,875)
Increase in cash and cash equivalents 493,835 39,272
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 169,297 393,722
CASH AND CASH EQUIVALENTS, END OF PERIOD 663,132 432,994
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 1,970 1,601
Cash paid for interest 47,401 4,933
Securities available-for-sale transferred to held-to-maturity   175,260
Loans transferred to held for sale 8,232 15,172
Operating lease assets in exchange for operating lease liabilities $ 2,173 $ 1,002