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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating Activities      
Net income $ 35,348 $ 38,835 $ 25,561
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 21,500 21,000 19,500
Depreciation and amortization of premises and equipment 3,185 2,795 2,663
Origination of loans held for sale (3,865)   (2,005)
Proceeds from sale of loans held for sale 4,208   2,213
Net gain on sales of loans held for sale (343)   (208)
Net gain on sales of loans (including delinquent loans) (168) (17) (4)
Net loss (gain) on sales of securities   10 (1,401)
Other-than-temporary impairment charge on securities 1,578 2,045 5,894
Amortization of premium, net of accretion of discount 5,872 5,212 4,393
Fair value adjustment for financial assets and financial liabilities (1,960) (47) (4,968)
Income from bank owned life insurance (2,769) (2,638) (2,476)
Stock based compensation expense 2,686 2,249 2,067
Deferred compensation 512 244 1
Amortization of core deposit intangibles 468 469 468
Excess tax provision (benefits) from stock-based payment arrangements (292) (12) 184
Deferred income tax provision (benefit) 685 (8,041) 7,872
Net decrease (increase) in prepaid FDIC assesment 4,068 4,572 (15,815)
Increase in other assets (1,638) (4,402) (11,662)
Increase (decrease) in other liabilities (4,355) 4,913 (4,253)
Net cash provided by operating activities 64,720 67,187 28,024
Investing Activities      
Purchases of premises and equipment (4,561) (3,006) (2,687)
Net redemption of Federal Home Loan Bank-NY shares 1,361 14,362 1,697
Purchases of securities available for sale (157,741) (397,909) (189,017)
Proceeds from sales and calls of securities available for sale 8,000 91,788 61,784
Proceeds from maturities and prepayments of      
securities available for sale 154,600 188,700 207,601
Net originations and repayments of loans 12,773 (67,047) (225,999)
Purchases of loans (19,053) (14,675) (43,264)
Proceeds from sale of delinquent loans 27,817 8,845 6,233
Purchase of bank owned life insurance (4,556) (4,260) (9,256)
Proceeds from sale of Real Estate Owned 4,053 2,283 114
Net cash provided by (used in) investing activities 22,693 (180,919) (192,794)
Financing Activities      
Net increase in non-interest bearing deposits 22,309 4,822 21,752
Net (decrease) increase in interest bearing deposits (70,332) 491,035 206,038
Net increase (decrease) in mortgagors' escrow deposits 2,471 524 (4,434)
Net (repayments) proceeds from short-term borrowed funds   (127,000) 98,700
Proceeds from long-term borrowings 245,447 50,470 79,911
Repayment of long-term borrowings (258,076) (271,091) (255,035)
Purchases of treasury stock (7,722) (347) (231)
Excess tax benefits (provision) from stock-based payment arrangements 292 12 (184)
Proceeds from issuance of common stock upon exercise of stock options 2,040 458 627
Net proceeds from issuance of common shares     101,537
Net repayment from redemption of preferred stock and common stock warrant     (70,900)
Cash dividends paid (15,910) (15,788) (14,989)
Net cash (used in) provided by financing activities (79,481) 133,095 162,792
Net (decrease) increase in cash and cash equivalents 7,932 19,363 (1,978)
Cash and cash equivalents, beginning of year 47,789 28,426 30,404
Cash and cash equivalents, end of year 55,721 47,789 28,426
Supplemental Cash Flow Disclosure      
Interest paid 75,914 91,943 116,124
Income taxes paid 22,917 26,770 9,630
Taxes paid if excess tax benefits on stock-based compensation were not tax deductible 23,209 26,782 9,446
Non-cash activities:      
Securities purchase transaction, not yet settled     5,804
Loans transferred to Real Estate Owned 7,286 4,813 2,612
Loans provided for the sale of Real Estate Owned $ 1,655 $ 3,037 $ 325