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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 27,066 $ 23,146
Adjustments to reconcile net income to net cash provided by operating activities:    
Net gain recognized on marketable equity and trading securities (15) (134)
Net gain on sale of loans held for sale (125) 0
Net gain on sale of MBS available-for-sale (1,370) 0
Net depreciation, amortization and accretion 1,862 1,836
Stock plan compensation 795 838
Provision for loan losses 1,306 1,497
Proceeds from sale of SBA loans held for sale 765 0
Increase in cash surrender value of BOLI (1,432) (1,096)
Deferred income tax provision (1,455) 6
Reduction in credit related other than temporary impairment ("OTTI") amortized through interest income 0 (52)
Changes in assets and liabilities:    
Decrease (Increase) in other assets 4,076 (10,488)
Increase (Decrease) in other liabilities (3,789) 499
Net cash provided by Operating activities 27,684 16,052
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of marketable equity securities 529 0
Proceeds from sales of investment securities available-for-sale 0 101
Proceeds from sales of MBS available-for-sale 158,484 0
Proceeds from sales of trading securities 0 4,544
Proceeds from calls and principal repayments of MBS available-for-sale 28,371 28
Purchases of investment securities available-for-sale (5,071) (37)
Purchases of marketable equity securities (161) 0
Purchases of MBS available-for-sale (253,636) 0
Acquisition of trading securities 0 (144)
Proceeds from sale of portfolio loans held for sale 0 393
Net decrease (increase) in loans 195,314 (240,900)
Purchases of fixed assets, net (2,449) (5,527)
Sale (Purchase) of FHLBNY capital stock, net 5,822 (6,517)
Net cash provided by (used in) Investing Activities 127,203 (248,059)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase (Decrease) in due to depositors (44,054) 23,054
Increase (Decrease) in escrow and other deposits 7,134 (11,805)
Repayments of FHLBNY advances (1,637,100) (1,359,500)
Proceeds from FHLBNY advances 1,510,750 1,472,950
Proceeds from exercise of stock options 954 626
Release of stock for benefit plan awards 9 198
BMP ESOP shares received to satisfy distribution of retirement benefits (544) 0
Cash dividends paid to stockholders, net (10,499) (10,520)
Proceeds from Subordinated debt issuance, net 0 113,545
Net cash provided by (used in) Financing Activities (173,350) 228,548
DECREASE IN CASH AND CASH EQUIVALENTS (18,463) (3,459)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 169,455 113,503
CASH AND CASH EQUIVALENTS, END OF PERIOD 150,992 110,044
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 5,928 20,912
Cash paid for interest 34,206 28,124
Loans transferred to held for sale 1,061 0
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity 0 47
Net decrease in non-credit component of OTTI $ 0 $ 17