XML 21 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 11,157 $ 50,037
Adjustments to reconcile net income to net cash provided by operating activities:    
Net gain recognized on trading securities (75) (6)
Net gain on the sale of other real estate owned ("OREO") 0 (40)
Net gain on sale of premises held for sale 0 (68,187)
Net depreciation, amortization and accretion 879 536
Stock plan compensation [excluding Employee Stock Ownership Plan ("ESOP")] 394 438
ESOP compensation expense 0 357
Provision (Credit) for loan losses 450 (21)
Increase in cash surrender value of BOLI (545) (560)
Deferred income tax provision 688 456
Reduction in credit related other than temporary impairment ("OTTI") amortized through interest income (26) 0
Changes in assets and liabilities:    
(Increase) Decrease in other assets (69) 317
Increase in other liabilities 4,413 23,921
Net cash provided by Operating activities 17,266 7,248
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investment securities available-for-sale (16) (17)
Proceeds from sales of investment securities available-for-sale 35 0
Acquisition of trading securities (125) (161)
Proceeds from calls and principal repayments of MBS available-for-sale 13 14
Purchases of loans 0 (152,637)
Loans originated, net of repayments (115,759) (207,214)
Proceeds from sale of OREO 0 170
Net proceeds from the sale of premises held for sale 0 75,899
Net disposals (purchases) of fixed assets (3,969) 523
Redemption (purchases) of FHLBNY capital stock 3,033 (4,968)
Net cash used in Investing Activities (116,788) (288,391)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase in due to depositors 113,056 255,446
Increase in escrow and other deposits 32,816 49,185
Repayments of FHLBNY advances (404,500) (1,367,500)
Proceeds from FHLBNY advances 337,100 1,477,900
Proceeds from exercise of stock options 624 0
Cash dividends paid to stockholders (5,243) (5,125)
Net cash provided by Financing Activities 73,853 409,906
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (25,669) 128,763
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 113,503 64,154
CASH AND CASH EQUIVALENTS, END OF PERIOD 87,834 192,917
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 1,662 9,050
Cash paid for interest 12,695 11,861
Transfer of premises to held for sale 0 1,379
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity 25 11
Net decrease in non-credit component of OTTI $ 8 $ 8