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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 71,529 $ 88,075 $ 95,916
Adjustments to reconcile net income to net cash provided by operating activities:      
Net amortization on loans 10,769 11,625 11,738
Net amortization on securities and borrowings 8,806 8,921 9,021
Net provision for loan and real estate losses credited to operations (8,076) (10,488) (8,113)
Depreciation and amortization 14,456 13,069 11,872
Net gain on sales of loans and securities (2,367) (2,070) (1,012)
Mortgage servicing rights amortization and valuation allowance adjustments, net 2,185 1,739 2,522
Stock-based compensation 4,103 11,411 8,672
Deferred income tax expense (benefit) 7,254 (2,686) 4,811
Originations of loans held-for-sale (129,719) (127,746) (105,176)
Proceeds from sales and principal repayments of loans held-for-sale 126,810 128,537 104,947
Decrease in accrued interest receivable 2 1,632 1,298
Bank owned life insurance income and insurance proceeds received, net (1,418) (8,878) (7,393)
Decrease (increase) in other assets 4,015 4,301 (15,218)
(Decrease) increase in accrued expenses and other liabilities (3,330) (10,233) 20,191
Net cash provided by operating activities 105,019 107,209 134,076
Cash flows from investing activities:      
Originations of loans receivable (1,243,791) (1,446,856) (1,560,090)
Loan purchases through third parties (377,655) (229,419) (196,283)
Principal payments on loans receivable 2,328,569 2,450,264 1,985,246
Proceeds from sales of delinquent and non-performing loans 3,049 7,483 181,295
Purchases of securities held-to-maturity (1,347,939) (685,918) (630,366)
Purchases of securities available-for-sale (30,000) (125,674) (25,479)
Principal payments on securities held-to-maturity 897,280 515,441 338,691
Principal payments on securities available-for-sale 142,515 70,799 40,906
Proceeds from sales of securities available-for-sale 23,065 19,026 14,447
Purchases of Federal Home Loan Bank of New York stock (95,561) (81,536) (117,294)
Redemptions of Federal Home Loan Bank of New York stock 101,891 91,153 128,747
Proceeds from sales of real estate owned, net 16,858 22,895 49,089
Purchases of premises and equipment, net of proceeds from sales (5,719) (11,225) (10,961)
Net cash provided by investing activities 412,562 596,433 197,948
Cash flows from financing activities:      
Net decrease in deposits (228,972) (398,882) (350,401)
Net (decrease) increase in borrowings with original terms of three months or less (510,000) (394,000) 200,000
Proceeds from borrowings with original terms greater than three months 2,675,000 470,000 0
Repayments of borrowings with original terms greater than three months (2,495,000) (300,000) (150,000)
Net (decrease) increase in mortgage escrow funds (2,460) 35 5,942
Proceeds from sales of treasury stock 159 6,168 8,121
Cost to repurchase common stock 0 (6,869) 0
Payments relating to treasury shares received for restricted stock award tax payments (1,913) 0 0
Cash dividends paid to stockholders (24,989) (24,856) (24,643)
Net tax benefit excess from stock-based compensation 0 2,115 192
Net cash used in financing activities (588,175) (646,289) (310,789)
Net (decrease) increase in cash and cash equivalents (70,594) 57,353 21,235
Cash and cash equivalents at beginning of year 200,538 143,185 121,950
Cash and cash equivalents at end of year 129,944 200,538 143,185
Supplemental disclosures:      
Interest paid 121,544 132,687 150,026
Income taxes paid 28,167 35,925 21,658
Additions to real estate owned 13,279 8,554 43,532
Loans transferred to held-for-sale $ 1,872 $ 8,948 $ 190,594