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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 21,981 $ 16,383
(Benefit) provision for loan losses (2,211) 9,500
Depreciation and amortization of bank premises and equipment 1,432 1,501
Net gain on sale of loans   (143)
Net gain on sale of securities   (2,876)
Amortization of premium, net of accretion of discount 3,582 3,750
Net loss from fair value adjustments 1,046 431
OTTI charge recognized in earnings   503
Income from bank owned life insurance (1,531) (1,666)
Stock-based compensation expense 3,135 2,400
Deferred compensation (1,486) (509)
Amortization of core deposit intangibles   234
Excess tax benefit from stock-based payment arrangements (748) (324)
Deferred income tax provision 2,745 148
Decrease in prepaid FDIC assessment   3,287
Increase in other liabilities 1,948 7,307
Decrease in other assets 1,489 572
Net cash provided by operating activities 31,382 40,498
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of bank premises and equipment (855) (381)
Net purchase of Federal Home Loan Bank of New York shares (5,382) (5,083)
Purchases of securities available for sale (70,871) (303,694)
Proceeds from sales and calls of securities available for sale 1,871 106,914
Proceeds from maturities and prepayments of securities available for sale 47,535 75,567
Net originations of loans (90,946) (77,337)
Purchases of loans (12,884) (452)
Proceeds from sale of real estate owned 2,034 2,834
Proceeds from sale of delinquent loans 7,332 20,891
Net cash used in investing activities (122,166) (180,741)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in non-interest bearing deposits 15,920 18,164
Net increase (decrease) in interest-bearing deposits (18,405) 28,362
Net increase in mortgagors' escrow deposits 8,189 8,245
Net proceeds from short-term borrowed funds 109,000 38,000
Proceeds from long-term borrowings   149,837
Repayment of long-term borrowings (9,300) (79,911)
Purchases of treasury stock (3,285) (13,363)
Excess tax benefit from stock-based payment arrangements 748 324
Proceeds from issuance of common stock upon exercise of stock options 429 235
Cash dividends paid (9,015) (7,879)
Net cash provided by financing activities 94,281 142,014
Net increase in cash and cash equivalents 3,497 1,771
Cash and cash equivalents, beginning of period 33,485 40,425
Cash and cash equivalents, end of period 36,982 42,196
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 25,172 28,319
Income taxes paid 12,236 10,732
Taxes paid if excess tax benefits were not tax deductible 12,984 11,056
Loans transferred to real estate owned 655 2,758
Loans provided for the sale of real estate owned 308 2,583
Loans held for investment transferred to available for sale   7,525
Loans held for sale transferred to loans held for investment   $ 2,214