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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 51,882 $ 72,514 $ 44,772
Adjustments to reconcile net income to net cash provided by operating activities      
Net (gain) loss on the sales of investment securities and MBS available-for-sale 36 0 (1,384)
Net gain on sale of investment securities held-to-maturity (2,607) 0 0
Net (gain) loss recognized on trading securities (169) (83) 111
Net gain on the sale of other real estate owned ("OREO") 0 (40) 0
Write-down of OREO 0 18 0
Net gain on sale of premises (10,412) (68,183) 0
Net gain on sale of loans held for sale (1,475) 0 0
Net depreciation, amortization and accretion 3,673 2,296 2,738
Stock plan compensation expense (excluding ESOP) 1,687 1,837 1,886
Prepayment of ESOP Share Acquisition Loan 0 11,319 0
ESOP compensation expense 0 1,138 1,307
Provision (Credit) for loan losses 520 2,118 (1,330)
Loss from extinguishment of debt 1,272 0 0
Increase in cash surrender value of BOLI (2,217) (2,250) (2,405)
Income recognized from mortality benefit on BOLI 0 (484) 0
Deferred income tax expense 10,515 1,097 6,883
Reduction in credit related other than temporary impairment ("OTTI") amortized through interest income (60) (104) (228)
Excess tax benefit of stock benefit plans 0 (171) (303)
Changes in assets and liabilities:      
Decrease (Increase) in other assets (8,477) (2,942) (1,464)
Increase (Decrease) in other liabilities (906) 1,979 (430)
Net cash provided by Operating activities 43,262 20,059 50,153
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sale of investment securities held to maturity 9,167 0 0
Proceeds from maturities of investment securities held-to-maturity 0 0 340
Proceeds from sales of investment securities available-for-sale 377 0 2,070
Proceeds from sales of MBS available-for-sale 15,000 0 24,307
Proceeds from the sales of trading securities 4,629 3,648 1,340
Purchases of investment securities available-for-sale (145) (22) (2,134)
Purchases of MBS available-for-sale (363,680) (3,267) 0
Acquisition of trading securities (222) (317) (3,090)
Proceeds from calls and principal repayments of MBS available-for-sale 957 59 1,602
Purchase of BOLI (20,000) 0 0
Purchases of loans 0 (157,782) (99,745)
Proceeds from sale of loans held for sale 333,176 0 9,572
Net increase in loans (298,910) (781,960) (486,142)
Proceeds from the sale of OREO and real estate owned 0 170 0
Proceeds from surrender of cash surrender value of BOLI 0 1,425 0
Proceeds from the sale of fixed assets and premises held for sale 11,791 75,899 0
Purchases of fixed assets, net (9,231) (5,774) (1,488)
Sale (Purchase) of FHLBNY capital stock, net (15,252) 14,269 (306)
Net cash provided by (used in) Investing Activities (332,343) (853,652) (553,674)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Increase in due to depositors 8,021 1,211,116 524,518
Increase (Decrease) in escrow and other deposits (20,833) 25,871 (14,791)
Repayments of FHLBNY advances (4,602,075) (3,178,500) (2,897,500)
Proceeds from FHLBNY advances 4,940,950 2,842,900 2,890,500
Proceeds from exercise of stock options 792 3,498 6,549
Repayment of trust preferred securities (70,680) 0 0
Proceeds from subordinated debt issuance, net 113,531 0 0
Excess tax benefit of stock benefit plans 0 171 303
Equity award distribution 236 287 251
BMP ESOP shares received to satisfy distribution of retirement benefits (3,905) (1,820) 0
Treasury shares repurchased 0 0 (300)
Cash dividends paid to stockholders (21,004) (20,581) (20,292)
Net cash provided by Financing Activities 345,033 882,942 489,238
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 55,952 49,349 (14,283)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 113,503 64,154 78,437
CASH AND CASH EQUIVALENTS, END OF PERIOD 169,455 113,503 64,154
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid for income taxes 36,515 58,383 25,659
Cash paid for interest 59,823 52,320 46,698
Loans transferred to OREO 0 0 130
Loans transferred to held for sale 333,192 0 9,572
Transfer of premises to held for sale 0 1,379 8,799
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity 50 51 125
Net increase (decrease) in non-credit component of OTTI of securities (20) (34) 9
Reclassification of OCI from sale of investment securities held to maturity $ 1,229 $ 0 $ 0