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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 61,245 $ 23,307
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Net gain on investment and mortgage backed securities sold 0 (1,384)
Net gain recognized on trading securities (39) (41)
Net gain on the sale of OREO (40) 0
Net gain on sale of premises held for sale (68,183) 0
Net depreciation, amortization and accretion 1,086 1,602
Stock plan compensation (excluding ESOP) 943 1,015
ESOP compensation expense 561 627
Provision (Credit) for loan losses 421 (1,307)
Increase in cash surrender value of BOLI (1,119) (1,216)
Income recognized from mortality benefit on BOLI (484) 0
Deferred income tax provision (credit) 615 (76)
Reduction in credit related OTTI amortized through interest income (52) 0
Excess tax benefit from stock benefit plans (142) (204)
Changes in assets and liabilities:    
Increase in other assets (4,094) (784)
Increase (Decrease) in other liabilities 6,038 (425)
Net cash (used in) provided by Operating activities (3,244) 21,114
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of investment securities held-to-maturity 0 127
Proceeds from sales of investment securities available-for-sale 0 2,070
Proceeds from the sales of trading securities 3,648 1,337
Proceeds from sales of mortgage backed securities available for sale 0 24,307
Purchases of investment securities available-for-sale (19) (2,021)
Acquisition of trading securities (222) (1,514)
Principal collected on mortgage backed securities available-for-sale 25 1,577
Proceeds from the sale of loans held for sale previously classified as portfolio loans 0 9,201
Purchases of loans (152,637) 0
Loans originated, net of repayments (359,730) (195,320)
Proceeds from sale of OREO 170 0
Proceeds from surrender of cash surrender value of BOLI 1,425 0
Net proceeds from the sale of premises held for sale 75,899 0
Purchases of fixed assets (16) (456)
Redemption of FHLBNY capital stock 5,899 5,679
Net cash used in Investing Activities (425,558) (155,013)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase in due to depositors 595,956 274,015
Increase (decrease) in escrow and other deposits 15,160 (4,682)
Repayments of FHLBNY advances (2,402,500) (918,000)
Proceeds from FHLBNY advances 2,252,900 778,000
Proceeds from exercise of stock options 2,900 4,056
Excess tax benefit from stock benefit plans 142 204
Release of stock for benefit plan awards 299 213
Treasury shares repurchased 0 (300)
Cash dividends paid to stockholders (10,282) (10,098)
Net cash provided by Financing Activities 454,575 123,408
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 25,773 (10,491)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 64,154 78,437
CASH AND CASH EQUIVALENTS, END OF PERIOD 89,927 67,946
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 29,100 17,559
Cash paid for interest 11,770 24,071
Loans transferred to OREO 0 130
Transfer of premises to held for sale 1,379 8,799
Loans transferred to held for sale 0 9,534
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity 25 47
Net (increase) decrease in non-credit component of OTTI $ 16 $ (27)