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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 17,624,000 $ 25,335,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 2,446,000 153,000
Depreciation and amortization of bank premises and equipment 3,015,000 2,844,000
Amortization of premium, net of accretion of discount 2,831,000 4,463,000
Net loss from fair value adjustments 4,036,000 367,000
Net loss from fair value adjustments on qualifying hedges 1,455,000 0
Net gain from sale of loans (177,000) (158,000)
Net loss from sale of securities 15,000 0
Net gain from sale of asset (770,000) 0
Net gain from sale of OREO 0 (27,000)
Income from bank owned life insurance (1,550,000) (1,538,000)
Life insurance proceeds (43,000) (776,000)
Stock-based compensation expense 5,246,000 4,680,000
Deferred compensation (1,634,000) (1,815,000)
Deferred income tax benefit (1,390,000) (415,000)
Increase in other liabilities 172,000 840,000
Decrease in other assets 1,975,000 2,747,000
Net cash provided by operating activities 33,251,000 36,700,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of bank premises and equipment (1,220,000) (2,666,000)
Net (purchases) redemptions of Federal Home Loan Bank of New York shares (5,747,000) 2,705,000
Purchases of securities held-to-maturity (30,030,000) (353,000)
Proceeds from maturities and calls of securities held-to-maturity 1,568,000 45,000
Proceeds from prepayments of securities held-to-maturity 290,000 0
Purchases of securities available for sale (72,494,000) (57,265,000)
Proceeds from sales and calls of securities available for sale 59,493,000 10,000,000
Proceeds from maturities and prepayments of securities available for sale 43,357,000 40,915,000
Proceeds from sale of assets 813,000 0
Proceeds from bank owned life insurance 777,000 2,741,000
Purchase of bank owned life insurance (25,000,000) 0
Net repayments (originations) of loans 22,741,000 (81,420,000)
Purchases of loans (115,550,000) (110,140,000)
Proceeds from sale of real estate owned 0 665,000
Proceeds from sale of loans 3,239,000 10,200,000
Net cash used in investing activities (117,763,000) (184,573,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in non-interest bearing deposits 66,000 3,198,000
Net (decrease) increase in interest-bearing deposits (90,398,000) 214,773,000
Net increase in mortgagors' escrow deposits 7,340,000 8,175,000
Net proceeds from short-term borrowed funds 165,750,000 73,500,000
Proceeds from long-term borrowings 14,950,000 25,000,000
Repayment of long-term borrowings (61,310,000) (160,084,000)
Purchases of treasury stock (1,885,000) (13,889,000)
Proceeds from issuance of common stock upon exercise of stock options 3,000 6,000
Cash dividends paid (12,081,000) (11,547,000)
Net cash provided by financing activities 22,435,000 139,132,000
Net decrease in cash and cash equivalents (62,077,000) (8,741,000)
Cash and cash equivalents, beginning of period 118,561,000 51,546,000
Cash and cash equivalents, end of period 56,484,000 42,805,000
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 56,117,000 36,296,000
Income taxes paid 2,776,000 3,103,000
Taxes paid if excess tax benefits were not tax deductible 2,743,000 3,739,000
Non-cash activities:    
Loans transferred to Other Real Estate Owned or Other Assets 239,000 673,000
Retained Earnings [Member]    
Non-cash activities:    
Reclassification of the Income tax effects of Tax Cuts and Jobs Act from AOCI to Retained Earnings $ 0 $ 2,073,000