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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 21,458 $ 17,691
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of other assets   (2,968)
Fair value change in equity securities and loans held for sale (18) 842
Gain on sale of loans held for sale (114) (330)
Net depreciation, amortization and accretion 1,085 1,574
(Accretion) amortization of fair value hedge basis point adjustments (622) 628
Amortization of other intangible assets 252 307
Loss on extinguishment of debt 0 453
Stock-based compensation 1,884 1,730
Provision for credit losses 9,626 5,210
Originations of loans held for sale (3,062) (2,432)
Proceeds from sale of loans originated for sale 3,603 6,439
Increase in cash surrender value of BOLI (3,605) (2,461)
Gain from death benefits from BOLI (371)  
Decrease (increase) in other assets 73,026 (10,955)
(Decrease) increase in other liabilities (37,722) 15,009
Net cash provided by operating activities 65,420 30,737
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of securities available-for-sale (29,720)  
Proceeds from calls and principal repayments of securities available-for-sale 17,709 29,679
Proceeds from calls and principal repayments of securities held-to-maturity 6,823 6,112
Purchase of BOLI (97,317)  
Loans purchased (3,921) (3,915)
Proceeds from the sale of portfolio loans transferred to held for sale 5,165  
Decrease in loans 15,184 7,644
Purchases of fixed assets, net (570) (1,378)
Proceeds from the sale of fixed assets and premises held for sale   3,879
Sales of restricted stock, net 2,119 24,404
Net cash (used in) provided by investing activities (84,528) 66,425
CASH FLOWS FROM FINANCING ACTIVITIES:    
(Decrease) increase in deposits (70,212) 368,250
Repayments from FHLBNY advances, short-term, net (100,000) (540,000)
Repayments of other short-term borrowings, net (50,000)  
Release of stock for benefit plan awards 168 210
Payments related to tax withholding for equity awards (1,205) (1,030)
Cash dividends paid to preferred stockholders (1,822) (1,821)
Cash dividends paid to common stockholders (10,690) (9,466)
Net cash used in financing activities (233,761) (183,857)
Decrease in cash and cash equivalents (252,869) (86,695)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,283,571 457,547
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,030,702 370,852
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 3,999 6,684
Cash paid for interest 68,936 86,656
Loans transferred to held for sale 7,318 3,468
Loans transferred to held for investment 21,616  
Operating lease assets in exchange for operating lease liabilities $ 2,750 $ 2,224