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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 17,691 $ 37,303
Adjustments to reconcile net income to net cash provided by operating activities:    
Net loss on sale of securities available-for-sale   1,447
Gain on sale of other assets (2,968)  
Fair value change in equity securities and loans held for sale 842  
Net gain on sale of loans held for sale (330) (564)
Net depreciation, amortization and accretion 1,574 1,602
Amortization of fair value hedge basis point adjustments 628  
Amortization of other intangible assets 307 377
Loss on extinguishment of debt 453  
Stock-based compensation 1,730 1,302
Provision (recovery) for credit losses 5,210 (3,648)
Originations of loans held for sale (2,432) (2,220)
Proceeds from sale of loans originated for sale 6,439 8,940
Increase in cash surrender value of BOLI (2,461) (2,163)
(Increase) decrease in other assets (10,955) 2,837
Increase (decrease) in other liabilities 15,009 (31,796)
Net cash provided by operating activities 30,737 13,417
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities available-for-sale   77,804
Purchases of securities available-for-sale   (78,157)
Purchases of securities held-to-maturity   (23,739)
Proceeds from calls and principal repayments of securities available-for-sale 29,679 21,000
Proceeds from calls and principal repayments of securities held-to-maturity 6,112 4,714
Loans purchased (3,915)  
Decrease (Increase) in loans 7,644 (175,002)
(Purchases) of fixed assets, net (1,378) (787)
Proceeds from the sale of fixed assets and premises held for sale 3,879  
Purchases of restricted stock, net 24,404 (16,513)
Net cash (provided by) used in investing activities 66,425 (190,680)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase in deposits 368,250 315,884
(Repayments) proceeds from FHLBNY advances, short-term, net (540,000) 205,000
Proceeds from FHLBNY advances, long-term   162,000
Proceeds of other short-term borrowings, net   708
Release of stock for benefit plan awards 210 207
Payments related to tax withholding for equity awards (1,030) (1,113)
Purchase of treasury stock   (715)
Cash dividends paid to preferred stockholders (1,821) (1,821)
Cash dividends paid to common stockholders (9,466) (9,052)
Net cash (used in) provided by financing activities (183,857) 671,098
(Decrease) Increase in cash and cash equivalents (86,695) 493,835
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 457,547 169,297
CASH AND CASH EQUIVALENTS, END OF PERIOD 370,852 663,132
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 6,684 1,970
Cash paid for interest 86,656 47,401
Loans transferred to held for sale 3,468 8,232
Operating lease assets in exchange for operating lease liabilities $ 2,224 $ 2,173