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CONDENSED HOLDING COMPANY ONLY FINANCIAL STATEMENTS (Tables)
 12 Months Ended
Dec. 31, 2012
CONDENSED HOLDING COMPANY ONLY FINANCIAL STATEMENTS [Abstract]  
CONDENSED STATEMENTS OF FINANCIAL CONDITION
DIME COMMUNITY BANCSHARES, INC.
CONDENSED STATEMENTS OF FINANCIAL CONDITION

 
 
At December 31,
  
At December 31,
 
 
 
2012
  
2011
 
ASSETS:
 
  
 
Cash and due from banks
 
$
17,684
  
$
10,454
 
Investment securities available-for-sale
  
3,006
   
4,559
 
Trading securities
  
4,874
   
1,774
 
MBS available-for-sale
  
716
   
788
 
ESOP loan to subsidiary
  
3,567
   
3,721
 
Investment in subsidiaries
  
429,533
   
406,045
 
Other assets
  
3,664
   
5,530
 
Total assets
 
$
463,044
  
$
432,871
 
 
        
LIABILITIES AND STOCKHOLDERS' EQUITY:
        
Trust Preferred securities payable
 
$
70,680
  
$
70,680
 
Other liabilities
  
790
   
1,157
 
Stockholders' equity
  
391,574
   
361,034
 
Total liabilities and stockholders' equity
 
$
463,044
  
$
432,871
 
CONDENSED STATEMENTS OF OPERATIONS
DIME COMMUNITY BANCSHARES, INC.
CONDENSED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME(1)

 
 
Year Ended December 31,
 
 
 
2012
  
2011
  
2010
 
Net interest loss
 
$
(4,830
)
 
$
(4,831
)
 
$
(5,651
)
Dividends received from Bank
  
20,000
   
20,000
   
24,000
 
Non-interest income
  
1,493
   
453
   
1,388
 
Non-interest expense
  
(635
)
  
(516
)
  
(411
)
Income before income taxes and equity in
   undistributed earnings of direct subsidiaries
  
16,028
   
15,106
   
19,326
 
Income tax credit
  
1,823
   
2,277
   
1,826
 
Income before equity in undistributed earnings of direct subsidiaries
  
17,851
   
17,383
   
21,152
 
Equity in undistributed earnings of subsidiaries
  
22,457
   
29,926
   
20,237
 
Net income
 
$
40,308
  
$
47,309
  
$
41,389
 
 (1) Other comprehensive income for the Holding Company approximated other comprehensive income for the consolidated Company during the years ended December 31, 2012, 2011 and 2010.
CONDENSED STATEMENTS OF CASH FLOWS
DIME COMMUNITY BANCSHARES, INC.
CONDENSED STATEMENTS OF CASH FLOWS

 
 
Year Ended December 31,
 
 
 
2012
  
2011
  
2010
 
Cash flows from Operating Activities:
 
  
  
 
Net income
 
$
40,308
  
$
47,309
  
$
41,389
 
Adjustments to reconcile net income to net cash provided by operating activities:
            
Equity in undistributed earnings of direct subsidiaries
  
(22,457
)
  
(29,926
)
  
(20,237
)
Net gain on the sale of investment securities available for sale
  
(941
)
  
(22
)
  
(609
)
Net gain on the transfer of securities into trading
  
-
   
-
   
(242
)
Net (gain) loss on trading securities
  
(103
)
  
34
   
(75
)
Net amortization
  
-
   
-
   
(66
)
Decrease (Increase) in other assets
  
1,866
   
(296
)
  
694
 
(Decrease) Increase in other liabilities
  
(149
)
  
71
   
(268
)
Net cash provided by operating activities
  
18,524
   
17,170
   
20,586
 
 
            
Cash flows from Investing Activities:
            
Proceeds from sale of investment securities available-for-sale
  
2,418
   
226
   
2,527
 
Purchases of investment securities available-for-sale
  
(403
)
  
(291
)
  
(1,433
)
Reimbursement from subsidiary for purchases of investment securities available-for-sale
  
3,062
   
275
   
-
 
Net purchases of trading securities
  
(2,997
)
  
(318
)
  
(24
)
Principal collected on MBS available-for-sale
  
72
   
70
   
85
 
Principal repayments on ESOP loan
  
154
   
142
   
132
 
Net cash provided by investing activities
  
2,306
   
104
   
1,287
 
 
            
Cash flows from Financing Activities:
            
Common stock issued for exercise of stock options
  
5,608
   
3,669
   
1,012
 
Cash dividends paid to stockholders
  
(19,208
)
  
(18,887
)
  
(18,628
)
Proceeds disbursed for the repayment of subordinated note
  
-
   
-
   
(25,000
)
Proceeds disbursed for the re-acquisition of trust preferred securities payable
  
-
   
-
   
-
 
Net cash used in financing activities
  
(13,600
)
  
(15,218
)
  
(42,616
)
 
            
Net increase (decrease) in cash and due from banks
  
7,230
   
2,056
   
(20,743
)
Cash and due from banks, beginning of period
  
10,454
   
8,398
   
29,141
 
Cash and due from banks, end of period
 
$
17,684
  
$
10,454
  
$
8,398