Condensed Parent Company Only Financial Statements (Tables) (Astoria Financial Corporation)

12 Months Ended

Dec. 31, 2012

Astoria Financial Corporation

	At December 31,
(In Thousands)	2012		2011
Assets:
Cash	$	47,604	$	52,490
ESOP loans receivable	5,908		12,143
Other assets	1,009		284
Investment in Astoria Federal	1,617,880		1,572,902
Investment in AF Insurance Agency, Inc.	1,160		899
Investment in Astoria Capital Trust I	3,929		3,929
Total assets	$	1,677,490	$	1,642,647
Liabilities and stockholders’ equity:
Other borrowings, net	$	376,496	$	378,573
Other liabilities	1,369		3,304
Amounts due to subsidiaries	5,636		9,572
Stockholders’ equity	1,293,989		1,251,198
Total liabilities and stockholders’ equity	$	1,677,490	$	1,642,647

	For the Year Ended December 31,
(In Thousands)	2012		2011		2010
Interest income:
Repurchase agreements	$	18	$	19	$	64
ESOP loans receivable	728		1,194		1,437
Total interest income	746		1,213		1,501
Interest expense on borrowings	29,689		27,262		27,262
Net interest expense	28,943		26,049		25,761
Non-interest income	-		204		9
Cash dividends from subsidiaries	42,000		65,030		79,055
Non-interest expense:
Compensation and benefits	3,735		4,278		4,174
Other	4,090		2,898		2,805
Total non-interest expense	7,825		7,176		6,979
Income before income taxes and equity in undistributed earnings of subsidiaries	5,232		32,009		46,324
Income tax benefit	12,844		11,574		11,406
Income before equity in undistributed earnings of subsidiaries	18,076		43,583		57,730
Equity in undistributed earnings of subsidiaries	35,015		23,626		16,004
Net income	$	53,091	$	67,209	$	73,734

	For the Year Ended December 31,
(In Thousands)	2012			2011			2010
Cash flows from operating activities:
Net income	$	53,091		$	67,209		$	73,734
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries	(35,015		)	(23,626		)	(16,004		)
Amortization of premiums and deferred costs	837			699			699
Decrease (increase) in other assets, net of other liabilities and amounts due to subsidiaries	846			(1,423		)	(3,430		)
Net cash provided by operating activities	19,759			42,859			54,999
Cash flows from investing activities:
Principal payments on ESOP loans receivable	6,235			7,780			4,322
Net cash provided by investing activities	6,235			7,780			4,322
Cash flows from financing activities:
Proceeds from borrowings with original terms greater than three months	250,000			-			-
Repayment of borrowings with original terms greater than three months	(250,000		)	-			-
Cash payments for debt issuance costs	(2,653		)	-			-
Cash dividends paid to stockholders	(24,104		)	(49,435		)	(48,692		)
Cash received for options exercised	-			-			112
Net tax benefit (shortfall) excess from stock-based compensation	(4,123		)	(263		)	776
Net cash used in financing activities	(30,880		)	(49,698		)	(47,804		)
Net (decrease) increase in cash and cash equivalents	(4,886		)	941			11,517
Cash and cash equivalents at beginning of year	52,490			51,549			40,032
Cash and cash equivalents at end of year	$	47,604		$	52,490		$	51,549

Supplemental disclosure:
Cash paid during the year for interest	$	31,535		$	26,563		$	26,563