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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 71,782 $ 33,388
Adjustments to reconcile net income to net cash provided by operating activities:    
Net gain on investment and mortgage backed securities sold 0 (1,384)
Net (gain) loss recognized on trading securities (108) 97
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 1,611 2,178
Stock plan compensation (excluding ESOP) 1,435 1,449
ESOP compensation expense 842 958
Provision (Credit) for loan losses 1,589 (891)
Increase in cash surrender value of BOLI (1,689) (1,837)
Income recognized from mortality benefit on BOLI (484) 0
Deferred income tax (credit) provision (1,993) 148
Reduction in credit related other than temporary impairment ("OTTI") amortized through interest income (78) 0
Excess tax benefit from stock benefit plans (142) (204)
Changes in assets and liabilities:    
Decrease in other assets 2,999 4,178
(Decrease) Increase in other liabilities (1,220) 6,469
Net cash provided by Operating activities 6,321 44,549
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 1,340
Proceeds from sales of mortgage backed securities available-for-sale 0 24,307
Purchases of investment securities available-for-sale (2) (2,038)
Purchases of mortgage backed securities available-for-sale (3,267) 0
Acquisition of trading securities (229) (1,572)
Proceeds from calls and principal repayments of mortgage backed securities available-for-sale 45 1,589
Proceeds from the sale of loans held for sale previously classified as portfolio loans 0 9,905
Purchases of loans (157,782) 0
Loans originated, net of repayments (635,662) (381,530)
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, net (2,397) (1,071)
Redemption of FHLBNY capital stock 11,974 4,059
Net cash used in Investing Activities (706,178) (342,814)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase in due to depositors 974,954 369,705
Increase in escrow and other deposits 40,179 39,211
Repayments of FHLBNY advances (2,892,500) (1,829,000)
Proceeds from FHLBNY advances 2,607,900 1,725,000
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 250 213
BMP ESOP shares received to satisfy distribution of retirement benefits (1,820) 0
Treasury shares repurchased 0 (300)
Cash dividends paid to stockholders (15,432) (15,188)
Net cash provided by Financing Activities 716,573 293,901
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 16,716 (4,364)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 64,154 78,437
CASH AND CASH EQUIVALENTS, END OF PERIOD 80,870 74,073
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 43,525 18,809
Cash paid for interest 38,216 35,269
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 36 58
Net decrease (increase) in non-credit component of OTTI $ 25 $ (18)