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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net (loss) income $ (51) $ 36,261
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 2,423 2,185
Provision for credit losses 39,200 6,500
Loss on bank owned life insurance policy exchange 327 0
Amortization of intangibles 1,530 642
Net accretion of loans (3,745) (472)
Accretion on bank premises (24) (24)
Amortization (accretion) on deposits 233 (65)
Amortization on borrowings, net 11 11
Stock-based compensation 2,515 2,097
(Gains) losses on equity securities, net (876) 123
Gains on sale of loans held-for-sale, net (513) (1,783)
Loans originated for resale (10,798) (12,511)
Proceeds from sale of loans held-for-sale 11,027 13,859
Increase in cash surrender value of bank owned life insurance (3,671) (3,341)
Amortization of premium and accretion of discounts on securities available-for-sale (56) 401
Amortization of subordinated debentures issuance costs 282 253
(Increase) decrease in accrued interest receivable (1,736) 846
Net change in operating leases 1,060 (88)
(Increase) decrease in other assets (15,950) 1,176
Increase (decrease) in other liabilities 160 (3,251)
Net cash provided by operating activities 21,348 42,819
Cash flows from investing activities    
Purchases (330,264) (48,814)
Sales 277,477 0
Maturities, calls and principal repayments 48,258 30,209
Purchase of equity securities (1,113) (1,302)
Proceeds from equity securities sold 2,374 0
Net redemptions of restricted investment in bank stocks 15,477 8,054
Net decrease in loans 32,031 181,281
Proceeds from bank owned life insurance 278 0
Purchases of premises and equipment (331) (263)
Cash acquired, net of cash consideration paid in acquisition 54,861 0
Net cash provided by investing activities 99,048 169,165
Cash flows from financing activities    
Net increase in deposits 206,993 39,877
Proceeds from issuance of subordinated debt 200,000 0
Payment of subordinated debt issuance costs (3,726) 0
Advances of FHLB borrowings 740,000 595,587
Repayments of FHLB borrowings (1,004,621) (773,033)
Cash dividends on preferred stock (3,018) (3,018)
Cash dividends paid on common stock (13,845) (13,454)
Repurchase of treasury stock 0 (5,820)
Share redemption for tax withholdings on performance units and deferred stock units earned (2,134) (1,324)
Net cash provided by (used in) financing activities 119,649 (161,185)
Net change in cash and cash equivalents 240,045 50,799
Cash and cash equivalents at beginning of period 356,488 242,714
Cash and cash equivalents at end of period 596,533 293,513
Supplemental disclosures of cash flow information    
Interest paid on deposits and borrowings 119,053 137,520
Income taxes 36,173 15,594
First of Long Island Corporation [Member]    
Supplemental disclosures of cash flow information    
Fair value of assets acquired 3,905,094 0
Fair value of liabilities assumed 3,641,505 0
Stock issued in connection with FLIC merger $ 270,819 $ 0