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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 39,996 $ 23,567
Purchases of bank premises and equipment (1,460) (7,841)
Net purchases of Federal Home Loan Bank of New York shares (11,129) (3,002)
Purchases of securities held-to-maturity (27,705) (3,100)
Proceeds from maturities of securities held-to-maturity 5,475 390
Purchases of securities available for sale (61,615) (138,095)
Proceeds from sales and calls of securities 66,996 25,039
Proceeds from maturities and prepayments of securities 53,856 61,868
Proceeds from bank owned life insurance 2,236
Proceeds from sale of buildings 34,332 20,209
Net originations of loans (160,139) (82,544)
Purchases of loans (137,994) (126,070)
Proceeds from sale of real estate owned 853 2,070
Proceeds from sale of loans 8,360 5,028
Net cash used in investing activities (227,934) (246,048)
Adjustments to reconcile net income to net cash provided by operating activities:    
Benefit for loan losses (1,250)
Depreciation and amortization of bank premises and equipment 2,094 1,535
Amortization of premium, net of accretion of discount 4,099 4,447
Net (gain) loss from fair value adjustments 2,102 (173)
Net gain from sale of loans (344) (49)
Net gain from sale of securities (2,363) (64)
Net gain from sale of buildings (33,814) (6,537)
Income from bank owned life insurance (1,389) (1,432)
Gain from life insurance proceeds (411)
Stock-based compensation expense 3,564 3,643
Deferred compensation (2,629) (2,004)
Excess tax benefit from stock-based payment arrangements (421) (380)
Deferred income tax (benefit) provision 83 (3,855)
Increase in other liabilities 16,211 706
Decrease in other assets 4,754 5,374
Net cash provided by operating activities 31,532 23,528
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in non-interest bearing deposits 47,643 1,741
Net increase (decrease) in interest-bearing deposits (8,448) 179,213
Net increase in mortgagors' escrow deposits 9,061 8,251
Net proceeds from short-term borrowed funds 215,000 35,000
Proceeds from long-term borrowings 150,000 72,996
Repayment of long-term borrowings (190,637) (50,000)
Purchases of treasury stock (9,085) (13,490)
Excess tax benefit from stock-based payment arrangements 421 380
Proceeds from issuance of common stock upon exercise of stock options 127 142
Cash dividends paid (9,878) (9,379)
Net cash provided by financing activities 204,204 224,854
Net increase in cash and cash equivalents 7,802 2,334
Cash and cash equivalents, beginning of period 42,363 34,265
Cash and cash equivalents, end of period 50,165 36,599
SUPPLEMENTAL CASHFLOW DISCLOSURE    
Interest paid 28,250 23,585
Income taxes paid 9,270 16,221
Taxes paid if excess tax benefits were not tax deductible 9,691 16,601
Non-cash activities:    
Securities purchased not yet settled 22,037
Securities transferred from available for sale to held-to-maturity 4,510
Loans transferred to Other Real Estate Owned 486 772
Loans provided for the sale of Other Real Estate Owned 175
Loans held for investment transferred to loans held for sale $ 300