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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 25,804 $ 25,131
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 12,935 16,000
Depreciation and amortization of bank premises and equipment 2,238 2,429
Net gain on sale of loans (144) (91)
Net gain on sale of securities (2,972) (96)
Amortization of premium, net of accretion of discount 5,744 4,893
Net loss from fair value adjustments 621 185
OTTI charge recognized in earnings 1,419 776
Income from bank owned life insurance (2,519) (2,088)
Stock-based compensation expense 2,916 2,864
Deferred compensation (410) (169)
Amortization of core deposit intangibles 351 351
Excess tax benefit from stock-based payment arrangements (339) (111)
Deferred income tax provision (benefit) 148 (592)
Decrease in prepaid FDIC assessment 3,287 2,941
Increase in other liabilities 8,266 2,057
(Increase) decrease in other assets (782) 1,964
Net cash provided by operating activities 56,563 56,444
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of bank premises and equipment (469) (906)
Net purchase of Federal Home Loan Bank of New York shares (3,666) (4,757)
Purchases of securities available for sale (380,326) (264,508)
Proceeds from sales and call of securities available for sale 112,886 6,856
Proceeds from maturities and prepayments of securities available for sale 123,746 121,215
Net originations of loans (201,627) (15,482)
Purchases of loans (452) (3,456)
Proceeds from sale of real estate owned 3,408 1,261
Proceeds from sale of delinquent loans 25,217 33,092
Net cash used in investing activities (321,283) (126,685)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in non-interest bearing deposits 24,872 30,331
Net increase (decrease) in interest-bearing deposits 189,972 (73,417)
Net increase in mortgagors' escrow deposits 8,504 6,079
Net (repayments) proceeds from short-term borrowed funds (43,000) 19,000
Proceeds from long-term borrowings 199,346 162,518
Repayment of long-term borrowings (89,911) (80,000)
Purchases of treasury stock (14,064) (2,955)
Excess tax benefit from stock-based payment arrangements 339 111
Proceeds from issuance of common stock upon exercise of stock options 312 836
Cash dividends paid (11,747) (11,885)
Net cash provided by financing activities 264,623 50,618
Net decrease in cash and cash equivalents (97) (19,623)
Cash and cash equivalents, beginning of period 40,425 55,721
Cash and cash equivalents, end of period 40,328 36,098
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 40,944 48,365
Income taxes paid 11,996 15,520
Taxes paid if excess tax benefits were not tax deductible 12,335 15,631
Non-cash activities:    
Loans transferred to real estate owned 4,543 3,541
Loans provided for the sale of real estate owned 3,011 1,646
Loans held for investment transferred to held for sale 13,008 8,780
Loans held for sale transferred to held for investment $ 2,214