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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 42,668 $ 35,164
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 153 3,266
Depreciation and amortization of bank premises and equipment 4,328 3,493
Amortization of premium, net of accretion of discount 6,462 5,716
Net loss from fair value adjustments 537 2,834
Net gain from sale of loans (168) (396)
Net loss from sale of securities 186
Net gain from sale of OREO (27) (50)
Income from bank owned life insurance (2,320) (2,418)
Gain from life insurance proceeds (2,998) (1,405)
Stock-based compensation expense 5,973 5,092
Deferred compensation (2,450) (3,322)
Deferred income tax benefit (1,437) (1,806)
Increase in other liabilities 6,580 6,810
Decrease (increase) in other assets 2,103 (68)
Net cash provided by operating activities 59,404 53,096
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of bank premises and equipment (3,421) (5,321)
Net redemptions of Federal Home Loan Bank of New York shares 5,147 3,945
Purchases of securities held-to-maturity (653) (8,030)
Proceeds from maturities and prepayments of securities held-to-maturity 364 14,830
Purchases of securities available for sale (102,756) (152,121)
Proceeds from sales and calls of securities available for sale 10,000 155,999
Proceeds from maturities and prepayments of securities available for sale 57,839 60,573
Proceeds from bank owned life insurance 6,165 4,646
Net repayments (originations) of loans 3,605 (234,227)
Purchases of loans (235,193) (75,832)
Proceeds from sale of real estate owned 665 583
Proceeds from sale of loans 14,410 54,990
Net cash used in investing activities (243,828) (179,965)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in non-interest bearing deposits 13,337 29,346
Net increase in interest-bearing deposits 303,288 195,552
Net increase in mortgagors' escrow deposits 16,061 13,455
Net proceeds (repayments) from short-term borrowed funds 115,250 (43,500)
Proceeds from long-term borrowings 25,000 180,000
Repayment of long-term borrowings (256,088) (205,049)
Purchases of treasury stock (21,638) (2,902)
Proceeds from issuance of common stock upon exercise of stock options 6
Cash dividends paid (17,244) (15,729)
Net cash provided by financing activities 177,972 151,173
Net (decrease) increase in cash and cash equivalents (6,452) 24,304
Cash and cash equivalents, beginning of period 51,546 35,857
Cash and cash equivalents, end of period 45,094 60,161
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 57,811 42,543
Income taxes paid 5,116 16,906
Taxes paid if excess tax benefits were not tax deductible 5,753 16,906
Non-cash activities:    
Loans transferred to Other Real Estate Owned or Other Assets 673
Reclassification of the Income tax effects of Tax Cuts and Jobs Act from AOCI to Retained Earnings 2,073
Loans held for investment transferred to loans available for sale 30,565
Securities purchased not yet settled $ 10,000