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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES    
Net income $ 1,430 $ 826
Adjustments to reconcile net income to net cash provided by operating activities:    
Increase (decrease) in off-balance sheet reserves 243 (4)
Depreciation, amortization and accretion 845 1,421
Increase in cash surrender value of BOLI (484) (508)
Deferred income taxes 701 280
Stock-based compensation 720 553
Change in assets and liabilities which provided (used) cash:    
Accrued interest receivable (118) (223)
Other assets (150) 1,449
Other liabilities (2,351) (1,615)
Net cash provided by operating activities 836 2,179
INVESTING ACTIVITIES    
Purchases of available-for-sale securities (18,042) (10,023)
Net purchase of restricted equity securities (15) (45)
Proceeds from maturities, prepayments or calls of investment securities available-for-sale 9,843 11,806
Proceeds from the sale of investment securities available-for-sale 6,206 168
Change in restricted cash 4,000  
Net increase in loans (314) (29,348)
Purchases of bank properties and equipment (186) (747)
Proceeds from sale of real estate owned   266
Net cash provided by (used in) investing activities 1,492 (27,923)
FINANCING ACTIVITIES    
Net decrease in deposits (7,358) (42,189)
Cash dividends paid to stockholders (190)  
Repayments of advances from FHLBNY (49) (47)
Repayment of obligations under capital leases (105) (99)
Proceeds from exercise of stock options 58 2
Net cash used in financing activities (7,644) (42,333)
NET DECREASE IN CASH AND CASH EQUIVALENTS (5,316) (68,077)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 134,208 204,315
CASH AND CASH EQUIVALENTS, END OF PERIOD 128,892 136,238
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest paid 2,940 $ 2,458
SUPPLEMENTAL DISCLOSURE OF NON-CASH ITEMS    
Trade date liability on purchase of investment securities $ 1,169