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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 79,786 $ 112,497
Adjustments to reconcile net income to net cash provided by operating activities:    
Net loss (gain) on sales of securities available-for-sale and other assets 1,469 (1,397)
Loss on equity securities 1,079  
Net gain on sale of loans held for sale (1,164) (1,569)
Net depreciation, amortization and accretion 4,560 6,426
Amortization of other intangible assets 1,075 1,447
Loss on extinguishment of debt   740
Stock-based compensation 3,198 3,228
(Recovery) provision for credit losses (950) 5,039
Originations of loans held for sale (6,440) (17,128)
Proceeds from sale of loans originated for sale 22,171 34,029
Increase in cash surrender value of BOLI (6,687) (6,003)
Gain from death benefits from BOLI (645) (2,156)
Decrease (Increase) in other assets 3,679 (27,052)
Increase in other liabilities 29,785 139,350
Net cash provided by operating activities 130,916 247,451
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities available-for-sale 77,804  
Purchases of securities available-for-sale (80,625) (29,742)
Purchases of securities held-to-maturity (28,328) (63,210)
Proceeds from calls and principal repayments of securities available-for-sale 60,167 139,974
Proceeds from calls and principal repayments of securities held-to-maturity 16,433 25,260
Purchase of BOLI (8,000) (30,000)
Proceeds received from cash surrender value of BOLI 1,224 2,843
Proceeds from the sale of portfolio loans transferred to held for sale 4,192 13,201
Net increase in loans (316,784) (903,287)
Purchases of fixed assets, net (4,230) (2,621)
Proceeds from the sale of fixed assets and premises held for sale 25  
Purchases of restricted stock, net (1,340) (27,924)
Net cash used in investing activities (279,462) (875,506)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase in deposits 382,274 29,972
(Repayments) proceeds from FHLBNY advances, short-term, net (170,000) 395,000
Proceeds from FHLBNY advances, long-term 162,000 200,000
(Repayments) proceeds of other short-term borrowings, net (1,360) 262
Proceeds from subordinated debentures issuance, net   157,559
Redemption of subordinated debentures   (155,000)
Release of stock for benefit plan awards 823 796
Payments related to tax withholding for equity awards (1,252) (1,557)
Purchase of treasury stock (947) (46,498)
Cash dividends paid to preferred stockholders (5,465) (5,465)
Cash dividends paid to common stockholders (28,000) (27,740)
Net cash provided by financing activities 338,073 547,329
Increase (decrease) in cash and cash equivalents 189,527 (80,726)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 169,297 393,722
CASH AND CASH EQUIVALENTS, END OF PERIOD 358,824 312,996
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 31,270 35,127
Cash paid for interest 193,529 22,619
Securities available-for-sale transferred to held-to-maturity   372,154
Loans transferred to held for sale 22,500 27,426
Loans transferred to held for investment   4,051
Premises transferred to held for sale 905  
Operating lease assets in exchange for operating lease liabilities $ 6,333 $ 2,274