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CONDENSED HOLDING COMPANY ONLY FINANCIAL STATEMENTS (Tables)
 12 Months Ended
Dec. 31, 2015
CONDENSED HOLDING COMPANY ONLY FINANCIAL STATEMENTS [Abstract]  
CONDENSED STATEMENTS OF FINANCIAL CONDITION
The following statements of condition as of December 31, 2015 and 2014, and the related statements of operations and cash flows for the years ended December 31, 2015, 2014 and 2013, reflect the Holding Company's investment in its wholly-owned subsidiaries, the Bank and 842 Manhattan Avenue Corp., and its unconsolidated subsidiary, Dime Community Capital Trust I, using, as deemed appropriate, the equity method of accounting:

DIME COMMUNITY BANCSHARES, INC.
CONDENSED STATEMENTS OF FINANCIAL CONDITION

  
At December 31,
  
At December 31,
 
  
2015
  
2014
 
ASSETS:
    
Cash and due from banks
 
$
57,014
  
$
58,112
 
Investment securities available-for-sale
  
3,756
   
3,736
 
Trading securities
  
10,201
   
8,559
 
MBS available-for-sale
  
431
   
496
 
ESOP loan to subsidiary
  
3,028
   
3,222
 
Investment in subsidiaries
  
487,331
   
454,095
 
Other assets
  
3,867
   
3,798
 
Total assets
 
$
565,628
  
$
532,018
 
         
LIABILITIES AND STOCKHOLDERS' EQUITY:
        
Trust Preferred securities payable
 
$
70,680
  
$
70,680
 
Other liabilities
  
1,001
   
1,613
 
Stockholders' equity
  
493,947
   
459,725
 
Total liabilities and stockholders' equity
 
$
565,628
  
$
532,018
 
CONDENSED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME
DIME COMMUNITY BANCSHARES, INC.
CONDENSED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME (1)

  
Year Ended December 31,
 
  
2015
  
2014
  
2013
 
Net interest loss
 
$
(4,779
)
 
$
(4,748
)
 
$
(4,851
)
Dividends received from Bank
  
16,000
   
18,050
   
54,500
 
Non-interest income
  
295
   
1,376
   
812
 
Non-interest expense
  
(667
)
  
(643
)
  
(636
)
Income before income taxes and equity in
   undistributed earnings of direct subsidiaries
  
10,849
   
14,035
   
49,825
 
Income tax credit
  
2,321
   
1,803
   
2,183
 
Income before equity in undistributed earnings
   of direct subsidiaries
  
13,170
   
15,838
   
52,008
 
Equity in (over-distributed) undistributed earnings of subsidiaries
  
31,602
   
28,408
   
(8,460
)
Net income
 
$
44,772
  
$
44,246
  
$
43,548
 
(1) Other comprehensive income for the Holding Company approximated other comprehensive income for the consolidated Company during the years ended December 31, 2015, 2014 and 2013.
CONDENSED STATEMENTS OF CASH FLOWS
DIME COMMUNITY BANCSHARES, INC.
CONDENSED STATEMENTS OF CASH FLOWS

  
Year Ended December 31,
 
  
2015
  
2014
  
2013
 
Cash flows from Operating Activities:
      
Net income
 
$
44,772
  
$
44,246
  
$
43,548
 
Adjustments to reconcile net income to net cash provided by operating activities:
            
Equity in over-distributed (undistributed) earnings of direct subsidiaries
  
(31,602
)
  
(28,408
)
  
8,460
 
Net loss (gain) on the sale of investment securities available for sale
  
4
   
(997
)
  
(110
)
Net loss (gain) on trading securities
  
108
   
45
   
(265
)
(Increase) Decrease in other assets
  
(69
)
  
(489
)
  
355
 
(Decrease) Increase in other liabilities
  
(560
)
  
1,680
   
(595
)
Net cash provided by operating activities
  
12,653
   
16,077
   
51,393
 
             
Cash flows from Investing Activities:
            
Proceeds from sale of investment securities available-for-sale
  
2,000
   
3,780
   
366
 
Proceeds from the sale of trading securities
  
1,340
   
7,056
   
131
 
Purchases of investment securities available-for-sale
  
(2,134
)
  
(3,884
)
  
(458
)
Reimbursement from subsidiary for purchases of investment securities available-for-sale
  
1,655
   
1,620
   
642
 
Net purchases of trading securities
  
(3,090
)
  
(8,839
)
  
(202
)
Principal collected on MBS available-for-sale
  
63
   
72
   
138
 
Principal repayments on ESOP loan
  
194
   
179
   
166
 
Net cash provided by(used in) investing activities
  
28
   
(16
)
  
783
 
             
Cash flows from Financing Activities:
            
Common stock issued for exercise of stock options
  
6,549
   
278
   
11,228
 
Treasury shares repurchased
  
(300
)
  
-
   
-
 
Equity award distribution
  
251
   
202
   
293
 
Cash dividends paid to stockholders
  
(20,279
)
  
(20,094
)
  
(19,716
)
Net cash used in financing activities
  
(13,779
)
  
(19,614
)
  
(8,195
)
             
Net increase (decrease) in cash and due from banks
  
(1,098
)
  
(3,553
)
  
43,981
 
Cash and due from banks, beginning of period
  
58,112
   
61,665
   
17,684
 
Cash and due from banks, end of period
 
$
57,014
  
$
58,112
  
$
61,665
 


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