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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 11,501 $ 14,745
Adjustments to reconcile net income to net cash provided by operating activities:    
Net (gain) loss on sales of securities and available-for-sale 76 (1,370)
Net (gain) loss recognized on marketable equity securities (268) 4
Net gain on sale of loans held for sale (255) (90)
Net depreciation, amortization and accretion 2,875 2,184
Cash paid for amounts included in the measurement of lease liabilities (1,712) 0
Stock plan compensation 284 388
Provision for loan losses 321 193
Originations of loans held for sale (569) 0
Proceeds from sale of loans originated for sale 618 0
Increase in cash surrender value of BOLI (694) (712)
Deferred income tax provision (807) (1,728)
Changes in assets and liabilities:    
Decrease (Increase) in other assets (262) 3,204
Decrease in other liabilities (923) (4,072)
Net cash provided by Operating activities 10,185 12,746
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities available-for-sale 15,499 158,484
Proceeds from sales of marketable equity securities 137 393
Purchases of securities available-for-sale (38,319) (189,874)
Acquisition of marketable equity securities (114) (109)
Proceeds from calls and principal repayments of securities available-for-sale 18,530 25,958
Proceeds from sale of portfolio loans held for sale 8,659 765
Net decrease (increase) in loans (120,886) 93,994
Purchases of fixed assets, net (50) (1,879)
Sale of FHLBNY capital stock, net 1,711 7,182
Net cash provided by (used in) Investing Activities (114,833) 94,914
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase in due to depositors 50,868 26,994
Increase in escrow and other deposits 51,882 49,785
Repayments of FHLBNY advances (1,030,150) (1,034,600)
Proceeds from FHLBNY advances 992,125 875,000
Repayments of other borrowings (571,000) 0
Proceeds from other borrowings 616,000 0
Proceeds from exercise of stock options 0 290
Payments related to tax withholding for stock-based compensation (7) 0
BMP ESOP shares received to satisfy distribution of retirement benefits 0 (524)
Treasury shares repurchased (3,814) 0
Cash dividends paid to stockholders, net (5,039) (5,234)
Net cash provided by (used in) Financing Activities 100,865 (88,289)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (3,783) 19,371
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 147,256 169,455
CASH AND CASH EQUIVALENTS, END OF PERIOD 143,473 188,826
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 4,406 2,928
Cash paid for interest 24,013 15,323
Loans transferred to held for sale 2,329 675
Operating lease assets in exchange for operating lease liabilities $ 41,641 $ 0