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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 38,848 $ 36,459
Adjustments to reconcile net income to net cash provided by operating activities:    
Net gain recognized on marketable equity and trading securities (110) (2,769)
Net gain on sale of loans held for sale (143) 0
Net gain on sale of MBS available-for-sale (1,374) 0
Net depreciation, amortization and accretion 3,054 2,697
Stock plan compensation 1,198 1,270
Provision for loan losses 1,641 1,520
Loss from extinguishment of debt 0 1,272
Proceeds from sale of loans held for sale 2,283 0
Increase in cash surrender value of BOLI (2,161) (1,654)
Deferred income tax provision (1,910) (2,869)
Reduction in credit related other than temporary impairment ("OTTI") amortized through interest income 0 (60)
Changes in assets and liabilities:    
Decrease (Increase) in other assets 5,129 (351)
Increase in other liabilities (3,010) (10)
Net cash provided by Operating activities 43,445 35,505
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of marketable equity securities 923 0
Proceeds from sale of investment securities held to maturity 0 9,167
Proceeds from sales of investment securities available-for-sale 0 240
Proceeds from sales of MBS available-for-sale 158,758 0
Proceeds from sales of trading securities 0 4,629
Proceeds from calls and principal repayments of MBS available-for-sale 51,472 38
Purchases of investment securities available-for-sale (5,071) (242)
Purchases of marketable equity securities (202) 0
Purchases of MBS available-for-sale (330,987) (23,995)
Proceeds from sale of portfolio loans held for sale 0 4,471
Net decrease (increase) in loans 185,239 (346,856)
Purchases of fixed assets, net (2,356) (7,024)
Redemption (purchase) of FHLBNY capital stock, net 5,854 (17,345)
Net cash provided by (used in) Investing Activities 63,630 (376,917)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Decrease in due to depositors (21,197) (24,233)
Increase in escrow and other deposits 37,628 14,764
Repayments of FHLBNY advances (2,519,600) (3,044,575)
Proceeds from FHLBNY advances 2,392,525 3,430,950
Proceeds from exercise of stock options 954 680
Release of stock for benefit plan awards 13 198
BMP ESOP shares received to satisfy distribution of retirement benefits (883) (3,905)
Treasury shares repurchased (17,406) 0
Cash dividends paid to stockholders, net (15,742) (15,761)
Proceeds from Subordinated debt issuance, net 0 113,531
Repayments of Trust Preferred securities 0 (70,680)
Net cash provided by (used in) Financing Activities (143,708) 400,969
DECREASE (INCREASE) IN CASH AND CASH EQUIVALENTS (36,633) 59,557
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 169,455 113,503
CASH AND CASH EQUIVALENTS, END OF PERIOD 132,822 173,060
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 7,928 26,415
Cash paid for interest 52,450 42,794
Loans transferred to held for sale 2,140 4,471
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity 0 50
Net decrease in non-credit component of OTTI 0 20
Reductions for previous credit losses realized on securities sold $ 0 $ 1,229