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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Net Income $ 35,164 $ 50,630
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 3,266
Depreciation and amortization 3,493 3,263
Amortization of premium, net of accretion of discount 5,716 6,344
Net loss from fair value adjustments 2,834 2,925
Net gain from sale of loans (396) (584)
Net loss (gain) from sale of securities 186 (2,363)
Net gain from sale of buildings (33,814)
Net (gain) loss from sale of OREO (50) 1,726
Income from bank owned life insurance (2,418) (2,096)
Gain from life insurance proceeds (1,405) (458)
Stock-based compensation expense 5,092 4,169
Deferred compensation (3,322) (3,140)
Excess tax benefit from stock-based payment arrangements (470)
Deferred income tax benefit (1,806) (1,228)
Increase in other liabilities 6,810 7,680
(Increase) decrease in other assets (68) 4,823
Net cash provided by operating activities 53,096 37,407
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of bank premises and equipment (5,321) (4,159)
Net redemptions (purchases) of Federal Home Loan Bank of New York shares 3,945 (9,119)
Purchases of securities held-to-maturity (8,030) (35,705)
Proceeds from maturities of securities held-to-maturity 14,830 8,475
Purchases of securities available for sale (152,121) (59,678)
Proceeds from sales and calls of securities available for sale 155,999 66,996
Proceeds from maturities and prepayments of securities available for sale 60,573 85,829
Proceeds from bank owned life insurance 4,646 2,236
Proceeds from sale of buildings 34,332
Net originations of loans (234,227) (210,506)
Purchases of loans (75,832) (137,994)
Proceeds from sale of real estate owned 583 853
Proceeds from sale of loans 54,990 11,499
Net cash used in investing activities (179,965) (246,941)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in non-interest bearing deposits 29,346 50,591
Net increase in interest-bearing deposits 195,552 85,616
Net increase in mortgagors' escrow deposits 13,455 12,432
Net (repayments) proceeds from short-term borrowed funds (43,500) 150,000
Proceeds from long-term borrowings 180,000 200,000
Repayment of long-term borrowings (205,049) (260,301)
Purchases of treasury stock (2,902) (9,102)
Excess tax benefit from stock-based payment arrangements 470
Proceeds from issuance of common stock upon exercise of stock options 132
Cash dividends paid (15,729) (14,787)
Net cash provided by financing activities 151,173 215,051
Net increase in cash and cash equivalents 24,304 5,517
Cash and cash equivalents, beginning of period 35,857 42,363
Cash and cash equivalents, end of period 60,161 47,880
SUPPLEMENTAL CASHFLOW DISCLOSURE    
Interest paid 42,543 39,792
Income taxes paid 16,906 28,610
Taxes paid if excess tax benefits were not tax deductible 16,906 29,080
Non-cash activities:    
Securities purchased not yet settled 2,000
Loans transferred to Other Real Estate Owned 486
Loans held for investment transferred to loans available for sale $ 30,565