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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income per the Consolidated Statements of operations $ 22,609 $ 21,778
Adjustments to reconcile net income to net cash provided by operating activities:    
Net gain on sale of loans originated for sale (11) (8)
Net gain on sale of investment securities available-for-sale (110) (44)
Net gain on trading securities (83) (70)
Net depreciation and amortization 1,391 678
ESOP compensation expense 844 542
Stock plan compensation (excluding ESOP) 849 1,206
Write down of OREO 180 0
Provision for loan losses 185 3,732
Credit to reduce the liability for loans sold with recourse (194) (967)
OTTI charge for investment securities recognized in earnings 0 181
Increase in cash surrender value of Bank Owned Life Insurance (830) (841)
Deferred income tax provision (credit) 55 (137)
Excess tax benefit of stock plans (201) (189)
Changes in assets and liabilities:    
Origination of loans held for sale (1,962) (2,061)
Proceeds from sale of loans held for sale 2,301 5,748
Decrease in other assets 7,673 1,009
Increase in other liabilities 2,202 1,952
Net cash provided by operating activities 34,898 32,509
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from principal repayments of investment securities held-to-maturity 487 818
Proceeds from calls and principal repayments of investment securities available-for-sale 14,750 150,320
Proceeds from sales of investment securities available-for-sale 366 313
Proceeds from sales of trading securities 131 171
Purchases of investment securities available-for-sale (382) (80,086)
Purchases of mortgage backed securities available-for-sale 0 (23,186)
Purchases of trading securities (301) (1,681)
Principal collected on mortgage backed securities available-for-sale 10,782 21,513
Purchases of loans (34,373) (8,968)
Proceeds from the sale of loans 6,331 19,244
Net (increase) decrease in loans (73,912) 93,398
Purchases of fixed assets, net (743) (938)
Redemption of FHLBNY capital stock 4,723 7,403
Net cash (used in) provided by investing activities (72,141) 178,321
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in due to depositors 128,230 11,997
Net increase in escrow and other deposits 3,275 33,333
Repayment of Securities Sold Under Agreement to Repurchase (REPOs) 0 (40,000)
Repayment of FHLBNY advances (105,000) (162,275)
Cash dividends paid (9,786) (9,563)
Exercise of stock options 2,285 813
Release of stock for benefit plan awards 253 0
Excess tax benefit of stock plans 201 189
Net cash provided by (used in) financing activities 19,458 (165,506)
(DECREASE) INCREASE IN CASH AND DUE FROM BANKS (17,785) 45,324
CASH AND DUE FROM BANKS, BEGINNING OF PERIOD 79,076 44,260
CASH AND DUE FROM BANKS, END OF PERIOD 61,291 89,584
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 15,608 15,216
Cash paid for interest 23,839 34,366
Loans Transferred to Held for Sale 0 1,000
Loans transferred to OREO 765 0
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity 112 142
Net decrease in non-credit component of OTTI (16) (3)
Defined benefit plan adjustments, net of taxes of $256 during the six months ended June 30, 2012 $ 0 $ 312