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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 16,383 $ 15,766
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 9,500 11,000
Depreciation and amortization of bank premises and equipment 1,501 1,619
Net gain on sale of loans (143) (39)
Net gain on sale of securities (2,876)  
Amortization of premium, net of accretion of discount 3,750 3,210
Net loss from fair value adjustments 431 1,010
OTTI charge recognized in earnings 503 776
Income from bank owned life insurance (1,666) (1,385)
Stock-based compensation expense 2,400 2,219
Deferred compensation (509) (304)
Amortization of core deposit intangibles 234 234
Excess tax benefit from stock-based payment arrangements (324) (78)
Deferred income tax (benefit) provision 148 (485)
Decrease in prepaid FDIC assessment 3,287 1,953
Increase in other liabilities 7,307 4,136
Decrease (increase) in other assets 572 (3,833)
Net cash provided by operating activities 40,498 35,799
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of bank premises and equipment (381) (708)
Net purchase of Federal Home Loan Bank of New York shares (5,083) (6,602)
Purchases of securities available for sale (303,694) (225,430)
Proceeds from maturities and prepayments of securities available for sale 182,481 82,286
Net (originations) and repayments of loans (77,337) (37,967)
Purchases of loans (452) (3,456)
Proceeds from sale of real estate owned 2,834 1,229
Proceeds from sale of delinquent loans 20,891 16,494
Net cash used in investing activities (180,741) (174,154)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in non-interest bearing deposits 18,164 21,003
Net increase (decrease) in interest-bearing deposits 28,362 (37,243)
Net increase in mortgagors' escrow deposits 8,245 6,094
Net proceeds from short-term borrowed funds 38,000 60,740
Proceeds from long-term borrowings 149,837 162,518
Repayment of long-term borrowings (79,911) (80,000)
Purchases of treasury stock (13,363) (2,223)
Excess tax benefit from stock-based payment arrangements 324 78
Proceeds from issuance of common stock upon exercise of stock options 235 814
Cash dividends paid (7,879) (7,931)
Net cash provided by financing activities 142,014 123,850
Net increase (decrease) in cash and cash equivalents 1,771 (14,505)
Cash and cash equivalents, beginning of period 40,425 55,721
Cash and cash equivalents, end of period 42,196 41,216
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 28,319 32,879
Income taxes paid 10,732 11,573
Taxes paid if excess tax benefits were not tax deductible 11,056 11,651
Non-cash activities:    
Loans transferred to real estate owned 2,758 1,632
Loans provided for the sale of real estate owned 2,583 1,428
Loans held for investment transferred to available for sale 7,525 740
Loans held for sale transferred to loans held for investment $ 2,214