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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 10,034 $ 10,570
Adjustments to reconcile net income to net cash provided by operating activities:    
Net gain on sale of investment securities available-for-sale 0 (110)
Net gain on trading securities (14) (100)
Net gain on sale of loans (27) (12)
Net gain on the sale of OREO and other assets (649) 0
Net depreciation, amortization and accretion 673 720
Stock plan compensation (excluding ESOP) 531 599
ESOP compensation expense 327 286
Provision for loan losses 281 157
Provision for losses on OREO 0 180
Credit to reduce the liability for loans sold with recourse (1,040) (92)
Increase in cash surrender value of BOLI (387) (413)
Deferred income tax provision (credit) (29) 55
Excess tax expense (benefit) from stock benefit plans 14 (71)
Changes in assets and liabilities:    
Origination of loans held for sale 0 (1,393)
Proceeds from sale of loans held for sale 0 1,496
Decrease in other assets 431 1,900
(Decrease) Increase in other liabilities 3,478 4,507
Net cash provided by operating activities 13,623 18,279
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of investment securities held-to-maturity 52 279
Proceeds from calls and principal repayments of investment securities available-for-sale 15,000 14,750
Proceeds from sales of investment securities available-for-sale 0 366
Proceeds from sales of trading securities 0 131
Purchases of investment securities available-for-sale (4) (372)
Purchases of mortgage backed securities available-for-sale (875) 0
Acquisition of trading securities (112) (135)
Principal collected on mortgage backed securities available-for-sale 1,682 5,911
Proceeds from the sale of loans 12,970 4,079
Purchases of loans (221,924) (3,750)
Net (increase) decrease in loans (36,898) (41,817)
Proceeds from the sale of premises 4,273 0
Purchases of fixed assets, net (653) (253)
(Purchase) Redemption of FHLBNY capital stock (5,542) 4,275
Net cash used in investing activities (232,031) (16,536)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase in due to depositors 79,828 121,886
Increase in escrow and other deposits 40,658 36,699
Repayment of FHLBNY advances (645,000) (95,000)
Proceeds from FHLBNY advances 768,150 0
Exercise of stock options 139 2,062
Excess tax benefit of stock benefit plans (14) 71
BMP benefit distribution 1 0
Cash dividends paid (5,011) (4,881)
Net cash provided by Financing Activities 238,751 60,837
INCREASE IN CASH AND CASH EQUIVALENTS 20,343 62,580
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 45,777 79,076
CASH AND CASH EQUIVALENTS, END OF PERIOD 66,120 141,656
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 3,413 7,623
Cash paid for interest 11,144 11,998
Loans transferred to OREO 0 765
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity 12 34
Net decrease in non-credit component of OTTI $ 4 $ 4