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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities      
Net income (loss) $ 28,664 $ 76,945 $ 81,793
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Provision (benefit) for credit losses 10,518 5,081 (4,944)
Depreciation and amortization of premises and equipment 5,965 5,930 6,425
Net (loss) gain on sales of loans (108) (119) (335)
Net amortization (accretion) of premiums and discounts 498 1,139 (987)
Net (loss) gain from disposition of assets 0 (104) (621)
Net loss (gain) from sale of securities 0 10,948 (113)
Deferred income tax provision (benefit) 3,721 144 (1,725)
Net (gain) loss from fair value adjustments (2,573) (5,728) 12,995
Net (gain) loss from fair value adjustments of hedges (371) (775) (2,079)
Gain from life insurance proceeds (1,281) (1,822) 0
Income from bank owned life insurance (4,573) (4,487) (4,044)
Stock-based compensation expense 5,604 6,807 6,829
Deferred compensation (4,210) (5,365) (4,002)
Amortization of core deposit intangibles 480 545 610
(Increase) decrease in other assets (19,308) 11,775 563
Increase (decrease) in other liabilities 11,559 (15,159) (1,767)
Net cash provided by (used in) operating activities 34,585 85,755 88,598
Investing Activities      
Purchases of premises and equipment (5,488) (4,342) (3,680)
Purchases of Federal Home Loan Bank New York stock (122,102) (146,446) (7,065)
Redemptions of Federal Home Loan Bank New York stock 136,878 136,541 14,567
Purchases of securities held-to-maturity 0 (16,475) 0
Proceeds from prepayments of securities held-to-maturity 794 387 0
Purchases of securities available for sale (187,442) (224,940) (538,350)
Proceeds from sales and calls of securities available for sale 0 73,276 64,613
Proceeds from maturities and prepayments of securities available for sale 57,493 96,861 330,701
Purchases of bank owned life insurance 0 0 (25,000)
Proceeds from bank owned life insurance 3,068 3,945 0
Change in cash collateral (18,400) 66,345 0
Net repayments (originations) of loans 198,240 (93,262) 290,890
Purchases of loans (166,344) (275,701) (262,091)
Proceeds from sale of loans 9,042 31,993 28,632
Net cash provided by (used in) investing activities (94,261) (351,818) (106,783)
Financing Activities      
Net increase (decrease) in noninterest-bearing deposits (73,822) (46,383) 188,949
Net increase (decrease) in interest-bearing deposits 400,804 200,019 3,974
Net increase (decrease) in mortgagors' escrow deposits 2,223 (3,754) 6,291
Net (repayments) proceeds from short-term borrowed funds (605,750) 235,000  
Proceeds from long-term borrowing 661,050 63,603 122,843
Repayment of long-term borrowings (265,001) (55,685) (341,643)
Purchase of treasury shares and repurchase of shares to satisfy tax obligations (13,165) (29,675) (11,370)
Cash dividends paid (26,260) (27,031) (26,524)
Net cash provided by (used in) financing activities 80,079 336,094 (57,480)
Net increase (decrease) in cash and cash equivalents, and restricted cash 20,403 70,031 (75,665)
Cash, cash equivalents, and restricted cash, beginning of period 151,754 81,723 157,388
Cash, cash equivalents, and restricted cash, end of period 172,157 151,754 81,723
Supplemental Cash Flow Disclosure      
Interest paid 214,610 63,680 40,564
Income taxes paid $ 6,269 $ 32,411 $ 28,225