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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 32,259 $ 33,240
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 (35) (187)
Net gain on sale of loans (27) (13)
Net gain on the sale of OREO and other assets (649) 21
Net depreciation, amortization and accretion 1,978 2,064
Stock plan compensation (excluding ESOP) 1,584 1,669
ESOP compensation expense 934 889
Provision for loan losses (1,350) 425
Provision for losses on OREO 0 180
Credit to reduce the liability for loans sold with recourse (1,040) (245)
Increase in cash surrender value of BOLI (1,147) (1,249)
Deferred income tax provision (credit) (116) (740)
Excess tax expense (benefit) from stock benefit plans (71) (704)
Changes in assets and liabilities:    
Origination of loans held for sale 0 (1,621)
Proceeds from sale of loans held for sale 0 2,194
Decrease in other assets (341) 8,935
(Decrease) Increase in other liabilities 1,512 3,859
Net cash provided by operating activities 33,491 48,607
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of investment securities held-to-maturity 76 514
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 (24) (389)
Purchases of mortgage backed securities available-for-sale (875) 0
Acquisition of trading securities (200) (332)
Principal collected on mortgage backed securities available-for-sale 4,645 14,731
Proceeds from the sale of loans 12,970 4,387
Purchases of loans (221,924) (40,264)
Loans originated, net of repayments (145,861) (128,563)
Proceeds from the sale of OREO 0 564
Proceeds from the sale of premises 4,273 0
Purchases of fixed assets, net (1,500) (1,348)
(Purchase) Redemption of FHLBNY capital stock (7,184) 3,148
Net cash used in investing activities (340,604) (132,305)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase in due to depositors 115,467 129,735
Increase in escrow and other deposits 26,426 15,407
Repayment of FHLBNY advances (695,000) (130,000)
Proceeds from FHLBNY advances 888,225 60,000
Exercise of stock options 278 8,978
Excess tax benefit of stock benefit plans 71 704
BMP benefit distribution 1 0
Release of stock for benefit plan awards 170 253
Cash dividends paid (15,075) (14,742)
Net cash provided by Financing Activities 320,563 70,335
INCREASE IN CASH AND CASH EQUIVALENTS 13,450 (13,363)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 45,777 79,076
CASH AND CASH EQUIVALENTS, END OF PERIOD 59,227 65,713
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 23,135 23,683
Cash paid for interest 35,689 35,411
Loans transferred to OREO 0 765
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity 49 180
Net decrease in non-credit component of OTTI $ 24 $ 25