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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 51,288 $ 51,882 $ 72,514
Adjustments to reconcile net income to net cash provided by operating activities:      
Net (gain) loss on sale of investment securities and MBS available-for-sale (1,370) 36 0
Net gain on sale of investment securities held-to-maturity 0 (2,607) 0
Net (gain) loss recognized on marketable equity and trading securities 302 (169) (83)
Net gain on the sale of other real estate owned ("OREO") 0 0 (40)
Write-down of OREO 0 0 18
Net gain on sale of premises 0 (10,412) (68,183)
Net gain on sale of loans held for sale (302) (1,475) 0
Net depreciation, amortization and accretion 4,965 3,673 2,296
Stock plan compensation 1,524 1,687 1,837
Prepayment of ESOP Share Acquisition Loan 0 0 11,319
ESOP compensation expense 0 0 1,138
Provision for loan losses 2,244 520 2,118
Loss from extinguishment of debt 0 1,272 0
Originations of loans held for sale (3,228) 0 0
Proceeds from sale of loans held for sale 5,297 0 0
Income recognized from mortality benefit on BOLI 0 0 (484)
Increase in cash surrender value of BOLI (2,882) (2,217) (2,250)
Deferred income tax provision (benefit) (807) 10,515 1,097
Reduction in credit related other than temporary impairment ("OTTI") amortized through interest income 0 (60) (104)
Excess tax benefit of stock benefit plans 0 0 (171)
Changes in assets and liabilities:      
Decrease (Increase) in other assets 7,089 (8,477) (2,942)
Increase (Decrease) in other liabilities 185 (906) 1,979
Net cash provided by Operating activities 64,305 43,262 20,059
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of investment securities held-to-maturity 0 9,167 0
Proceeds from sales of investment securities available-for-sale 0 377 0
Proceeds from sales of MBS and CMO securities available-for-sale 158,758 15,000 0
Proceeds from sales of marketable equity securities 1,059 0 0
Proceeds from sales of trading securities 0 4,629 3,648
Purchases of investment securities available-for-sale (36,248) (145) (22)
Purchases of MBS and CMO securities available-for-sale (352,869) (363,680) (3,267)
Acquisition of marketable equity securities (307) 0 0
Acquisition of trading securities 0 (222) (317)
Proceeds from calls and principal repayments of MBS available-for-sale 76,217 957 59
Purchase of BOLI 0 (20,000) 0
Purchases of loans (7,800) 0 (157,782)
Proceeds from sale of portfolio loans held for sale 0 333,176 0
Net decrease (increase) in loans 211,668 (298,910) (781,960)
Proceeds from the sale of OREO and real estate owned 0 0 170
Proceeds from surrender of cash surrender value of BOLI 0 0 1,425
Proceeds from the sale of fixed assets and premises held for sale 0 11,791 75,899
Purchases of fixed assets, net (4,290) (9,231) (5,774)
Sale (Purchase) of FHLBNY capital stock, net 2,145 (15,252) 14,269
Net cash provided by (used in) Investing Activities 48,333 (332,343) (853,652)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Increase (Decrease) in due to depositors (46,693) 8,021 1,211,116
Increase (Decrease) in escrow and other deposits 3,066 (20,833) 25,871
Repayments of FHLBNY advances (3,651,600) (4,602,075) (3,178,500)
Proceeds from FHLBNY advances 3,606,950 4,940,950 2,842,900
Proceeds from subordinated debt issuance, net 0 113,531 0
Repayments of Trust Preferred securities 0 (70,680) 0
Proceeds from exercise of stock options 954 792 3,498
Excess tax benefit of stock benefit plans 0 0 171
Equity award distribution 76 236 287
BMP ESOP shares received to satisfy distribution of retirement benefits (883) (3,905) (1,820)
Treasury shares repurchased (25,881) 0 0
Cash dividends paid to stockholders, net (20,826) (21,004) (20,581)
Net cash provided by (used in) Financing Activities (134,837) 345,033 882,942
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (22,199) 55,952 49,349
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 169,455 113,503 64,154
CASH AND CASH EQUIVALENTS, END OF PERIOD 147,256 169,455 113,503
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid for income taxes 8,428 36,515 58,383
Cash paid for interest 74,297 59,823 52,320
Loans transferred to held for sale 2,829 333,192 0
Transfer of premises to held for sale 0 0 1,379
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity 0 50 51
Net decrease in non-credit component of OTTI 0 (20) (34)
Reductions for previous credit losses realized on securities sold $ 0 $ 1,229 $ 0