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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 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:      
Net gain on the sales of investment securities and mortgage backed securities available-for-sale (1,384) (997) (110)
Net loss (gain) recognized on trading securities 111 (13) (265)
Net gain on sale of loans held for sale 0 (27) (13)
Net (gain) loss on sales of OREO and other assets 0 (649) 21
Net depreciation, amortization and accretion 2,738 2,641 2,834
Stock plan compensation expense (excluding ESOP) 1,886 2,087 2,205
ESOP compensation expense 1,307 1,230 1,213
Provision (credit) for loan losses (1,330) (1,872) 369
Provision for losses on OREO 0 0 180
Credit to reduce the liability for loans sold with recourse 0 (1,040) (305)
Increase in cash surrender value of BOLI (2,405) (1,743) (1,672)
Deferred income tax provision (credit) 6,883 771 (940)
Excess tax benefit of stock plans (303) (71) (292)
Changes in assets and liabilities:      
Originations of loans held for sale during the period 0 0 (1,621)
Proceeds from sales of loans held for sale 0 0 2,194
(Increase) Decrease in other assets (1,692) (2,873) 8,168
(Decrease) increase in other liabilities (430) 5,573 5,637
Net cash provided by operating activities 50,153 47,263 61,151
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from maturities of investment securities held-to-maturity 340 88 949
Proceeds from maturities of investment securities available-for-sale 0 15,000 14,750
Proceeds from sales of investment securities available-for-sale 2,070 3,780 366
Proceeds from sales of MBS available-for-sale 24,307 0 0
Proceeds from sales of trading securities 1,340 7,115 131
Purchases of investment securities available-for-sale (2,134) (3,884) (458)
Purchases of mortgage backed securities available-for-sale 0 (875) 0
Acquisition of trading securities (3,090) (8,839) (1,814)
Principal collected on mortgage backed securities available-for-sale 1,602 5,863 17,372
Purchase of BOLI 0 (25,000) 0
Purchases of loans (99,745) (225,604) (52,031)
Proceeds from the sale of portfolio loans 9,572 16,892 5,893
Net increase in loans (486,142) (210,770) (149,122)
Proceeds from the sale of OREO and real estate investment owned 0 0 564
Proceeds from the sale of fixed assets 0 4,273 0
Purchases of fixed assets (1,488) (1,618) (1,963)
Purchase of FHLBNY capital stock (306) (10,356) (3,040)
Net cash used in investing activities (553,674) (433,935) (168,403)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Increase in due to depositors 524,518 152,646 27,717
(Decrease) Increase in escrow and other deposits (14,791) 22,517 (13,349)
Repayments of FHLBNY advances (2,897,500) (1,224,500) (218,500)
Proceeds from FHLBNY advances 2,890,500 1,488,225 286,000
Proceeds from exercise of stock options 6,549 278 11,228
Excess tax benefit of stock plans 303 71 292
Equity award distribution 251 201 293
Treasury shares repurchased (20,000 shares during the year ended December 31, 2015) (300) 0 0
Cash dividends paid to stockholders (20,292) (20,106) (19,728)
Net cash provided by Financing Activities 489,238 419,332 73,953
INCREASE IN CASH AND CASH EQUIVALENTS (14,283) 32,660 (33,299)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 78,437 45,777 79,076
CASH AND CASH EQUIVALENTS, END OF PERIOD 64,154 78,437 45,777
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid for income taxes 25,659 29,035 29,858
Cash paid for interest 46,698 48,329 47,155
Loans transferred to OREO 130 0 783
Loans transferred to held for sale 9,572 16,865 7,514
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity 125 65 271
Net increase (decrease) in non-credit component of OTTI $ 9 $ (32) $ (32)