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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 29,241 $ 38,848
Adjustments to reconcile net income to net cash provided by operating activities:    
Net (gain) loss on sales of securities available-for-sale 67 (1,374)
Net gain recognized on marketable equity securities (430) (110)
Net gain on sale of loans held for sale (1,037) (143)
Net depreciation, amortization and accretion 2,939 3,054
Stock plan compensation 1,349 1,198
Provision (credit) for loan losses 11,100 1,641
Originations of loans held for sale (15,119) 0
Proceeds from sale of loans originated for sale 25,496 2,283
Increase in cash surrender value of BOLI (2,124) (2,161)
Deferred income tax credit (1,408) (1,910)
Changes in assets and liabilities:    
Decrease (Increase) in other assets (1,073) 5,129
Decrease in other liabilities (2,608) (3,010)
Net cash provided by Operating activities 46,393 43,445
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales securities available-for-sale 130,504 158,758
Proceeds from sales of marketable equity securities 434 923
Purchases of securities available-for-sale (214,582) (336,058)
Acquisition of marketable equity securities (172) (202)
Proceeds from calls and principal repayments of securities available-for-sale 78,586 51,472
Proceeds from the sale of portfolio loans transferred to held for sale 9,684 0
Net decrease (increase) in loans (114,807) 185,239
Purchases of fixed assets, net (977) (2,356)
Sale of FHLBNY capital stock, net 3,130 5,854
Net cash provided by (used in) Investing Activities (108,200) 63,630
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase (decrease) in due to depositors 34,652 (21,197)
Increase in escrow and other deposits 24,999 37,628
Repayments of FHLBNY advances (2,320,100) (2,519,600)
Proceeds from FHLBNY advances 2,251,500 2,392,525
Proceeds from other borrowings, net 60,000 0
Proceeds from exercise of stock options 73 954
Release of stock for benefit plan awards 55 13
Payments related to tax withholding for stock-based compensation (123) 0
BMP ESOP shares received to satisfy distribution of retirement benefits (4) (883)
Treasury shares repurchased (8,836) (17,406)
Cash dividends paid to stockholders, net (15,124) (15,742)
Net cash provided by (used in) Financing Activities 27,092 (143,708)
DECREASE IN CASH AND CASH EQUIVALENTS (34,715) (36,633)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 147,256 169,455
CASH AND CASH EQUIVALENTS, END OF PERIOD 112,541 132,822
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 10,164 7,928
Cash paid for interest 72,837 52,450
Loans transferred to held for sale 19,664 2,140
Operating lease assets in exchange for operating lease liabilities $ 49,160 $ 0