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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 47,309 $ 41,389 $ 26,189
Adjustments to reconcile net income to net cash provided by operating activities      
Net gain on the sales of investment securities available-for-sale (22) (609) (431)
Net gain recognized on the transfer of securities from available-for-sale into trading 0 (242) 0
Net loss (gain) recognized on trading securities 34 (75) 0
Net gain on the re-acquisition of trust preferred securities payable 0 0 (505)
Net loss (gain) on sale of loans held for sale 9 (448) (674)
Net loss on sales of OREO 0 10 92
Net depreciation, amortization and accretion 2,935 2,444 2,446
Stock plan compensation expense (excluding ESOP) 2,105 2,194 2,113
ESOP compensation expense 1,041 1,025 815
Provision for loan losses 6,846 11,209 13,152
Provision for losses on OREO 0 422 196
Charge to net mortgage banking income - provision to increase the liability for loans sold with recourse 0 0 3,303
Recovery of impairment on mortgage servicing rights 0 0 (60)
Net OTTI recognized in earnings 727 2,475 7,915
Increase in cash surrender value of BOLI (1,758) (1,941) (2,022)
Deferred income tax credit (1,224) (737) (8,665)
(Excess tax benefit) Tax Cost of stock plans (431) (112) 130
Changes in assets and liabilities:      
Originations of loans held for sale during the period (5,650) (24,560) (19,092)
Proceeds from sales of loans held for sale 8,556 28,246 19,350
Decrease (Increase) in other assets 5,672 5,246 (13,205)
(Decrease) Increase in other liabilities (3,552) 2,245 (3,196)
Net cash provided by Operating Activities 62,597 68,181 27,851
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from maturities of investment securities held-to-maturity 1,152 556 267
Proceeds from maturities and calls of investment securities available-for-sale 204,000 101,510 10,100
Proceeds from sales of investment securities available-for-sale 226 2,519 10,359
Proceeds from sales of trading securities 136 0 0
Purchases of investment securities available-for-sale (293,157) (147,426) (46,000)
Acquisition of trading securities (454) (24) 0
Principal collected on mortgage backed securities available-for-sale 48,911 78,389 82,129
Proceeds from the sale of portfolio loans 29,772 46,975 100,000
Net increase in loans (28,839) (141,898) (214,034)
Proceeds from the sale of OREO and real estate investment property owned 0 643 532
Purchases of fixed assets, net (3,884) (3,910) (1,447)
Net (Redemption) Purchase of FHLBNY capital stock 2,229 2,365 (648)
Net cash used in Investing Activities (39,908) (60,301) (58,742)
CASH FLOWS FROM FINANCING ACTIVITIES:      
(Decrease) Increase in due to depositors (6,880) 133,745 (43,215)
Increase (Decrease) in escrow and other deposits 3,270 2,647 (64,226)
Repayments of FHLBNY advances (105,750) (184,150) (230,000)
Proceeds from FHLBNY advances 55,000 130,000 220,000
Proceeds from exercise of stock options 3,669 1,012 43
Excess tax benefit (Tax cost) of stock plans 431 112 (130)
Proceeds disbursed for the re-acquisition of trust preferred securities payable 0 0 (980)
Proceeds disbursed for the repayment of subordinated note 0 (25,000) 0
Cash dividends paid to stockholders and cash disbursed in payment of stock dividends (18,898) (18,640) (18,498)
Net cash (used in) provided by Financing Activities (69,158) 39,726 (137,006)
INCREASE(DECREASE) IN CASH AND CASH EQUIVALENTS (46,469) 47,606 (167,897)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 90,729 43,123 211,020
CASH AND CASH EQUIVALENTS, END OF PERIOD 44,260 90,729 43,123
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid for income taxes 36,618 26,955 21,612
Cash paid for interest 70,041 80,454 98,646
Loans transferred to OREO 0 320 1,179
Loans transferred to held for sale 2,628 6,130 0
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity 446 184 222
Reversal of unrealized loss on securities transferred from available-for-sale to held-to-maturity 0 0 3,378
Net increase in non-credit component of OTTI 25 282 2,137
Cumulative effect adjustment for the adoption of transition requirements of ASC 715-20-65 0 0 (7)
Transfer of REPOS to FHLBNY Advances $ 0 $ 35,000 $ 0