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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 50,037 $ 11,778
Adjustments to reconcile net income to net cash provided by operating activities:    
Net gain on investment and mortgage backed securities sold 0 (1,388)
Net gain on trading securities (6) (62)
Net gain on the sale of OREO (40) 0
Net gain on the sale of premises held for sale (68,187) 0
Net depreciation, amortization and accretion 536 834
Stock plan compensation (excluding ESOP) 438 517
ESOP compensation expense 357 305
Credit for loan losses (21) (172)
Increase in cash surrender value of BOLI (560) (606)
Deferred income tax provision 456 1,532
Excess tax benefit from stock benefit plans 0 27
Changes in assets and liabilities:    
Decrease(Increase) in other assets 317 (1,452)
Increase(Decrease) in other liabilities 23,921 (884)
Net cash provided by operating Activities 7,248 10,429
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of investment securities held-to-maturity 0 84
Proceeds from sales of investment securities available-for-sale 0 70
Proceeds from sale of mortgage backed securities available for sale 0 24,307
Purchases of investment securities available-for-sale (17) (8)
Purchases of mortgage backed securities available-for-sale 0 0
Acquisition of trading securities (161) (126)
Principal collected on mortgage backed securities available-for-sale 14 1,551
Proceeds from the sale of loans 0 2,330
Purchases of loans (152,637) 0
Loans originated, net of repayments (207,214) (118,021)
Net proceeds from the sale of premises held for sale 75,899 0
Proceeds from the sale of OREO 170 0
Net Disposals (Purchases) of fixed assets 523 (257)
(Purchase) Redemption of FHLBNY capital stock (4,968) 5,625
Net cash used in Investing Activities (288,391) (84,445)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase in due to depositors 255,446 182,642
Increase in escrow and other deposits 49,185 22,555
Repayments of FHLBNY advances (1,367,500) (563,000)
Proceeds from FHLBNY advances 1,477,900 438,000
Proceeds from exercise of stock options 0 149
Excess tax benefit of stock benefit plans 0 (27)
Treasury shares repurchased 0 (300)
Cash dividends paid to stockholders (5,125) (5,041)
Net cash provided by Financing Activities 409,906 74,978
INCREASE IN CASH AND CASH EQUIVALENTS 128,763 962
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 64,154 78,437
CASH AND CASH EQUIVALENTS, END OF PERIOD 192,917 79,399
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 9,050 4,457
Cash paid for interest 11,861 12,887
Loans transferred to OREO 0 130
Transfer of premises to held for sale 1,379 0
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity 11 24
Net decrease in non-credit component of OTTI $ 8 $ 8