As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD
Source Document Currency Code 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD

CASH FLOWS FROM OPERATING ACTIVITIES

Net Income 44,246 44,772 72,514 51,882

Adjustments to reconcile net income to net cash provided by operating activities

Net (gain) loss on the sales of investment securities and MBS available-for-sale (997) (1,384) 0 36
Net gain on sale of investment securities held-to-maturity NA 0 0 (2,607)
Net (gain) loss recognized on trading securities (13) 111 (83) (169)
Net gain on the sale of other real estate owned (“OREO”) 0 0 (40) 0
Write-down of OREO 0 0 18 0
Net gain on sale of premises (649) 0 (68,183) (10,412)
Net gain on sale of loans held for sale (27) 0 0 (1,475)
Net depreciation, amortization and accretion 2,641 2,738 2,296 3,673
Stock plan compensation expense (excluding ESOP) 2,087 1,886 1,837 1,687
Prepayment of ESOP Share Acquisition Loan 0 0 11,319 0
ESOP compensation expense 1,230 1,307 1,138 0
Provision (Credit) for loan losses (1,872) (1,330) 2,118 520
Credit to reduce the liability for loans sold with recourse (1,040) NA NA NA
Loss from extinguishment of debt NA 0 0 1,272
Increase in cash surrender value of BOLI (1,743) (2,405) (2,250) (2,217)
Income recognized from mortality benefit on BOLI 0 0 (484) 0
Deferred income tax expense 771 6,883 1,097 10,515
Reduction in credit related other than temporary impairment (“OTTI”) amortized through interest income 0 (228) (104) (60)
Excess tax benefit of stock benefit plans (71) (303) (171) 0
Changes in assets and liabilities
Increase in other assets (2,873) (1,464) (2,942) (8,477)
Increase (Decrease) in other liabilities 5,573 (430) 1,979 (906)
Net cash provided by Operating Activities 47,263 50,153 20,059 43,262

CASH FLOWS FROM INVESTING ACTIVITIES

Proceeds from sales of investment securities held-to-maturity NA 0 0 9,167
Proceeds from maturities of investment securities held-to-maturity 88 340 0 0
Proceeds from sales of investment securities available-for-sale 3,780 2,070 0 377
Proceeds from sales of MBS available-for-sale 0 24,307 0 15,000
Proceeds from sales of trading securities 7,115 1,340 3,648 4,629
Purchases of investment securities available-for-sale (3,884) (2,134) (22) (145)
Purchases of MBS available-for-sale (875) 0 (3,267) (363,680)
Acquisition of trading securities (8,839) (3,090) (317) (222)
Principal collected on MBS available-for-sale 5,863 NA NA NA
Proceeds from calls and principal repayments of MBS available-for-sale 15,000 1,602 59 957
Purchase of BOLI (25,000) 0 0 (20,000)
Purchases of loans (225,604) (99,745) (157,782) 0
Proceeds from sale of loans held for sale 16,892 9,572 0 333,176
Net increase in loans (210,770) (486,142) (781,960) (298,910)
Proceeds from the sale of OREO and real estate owned 0 0 170 0
Proceeds from surrender of cash surrender value of BOLI 0 0 1,425 0
Proceeds from the sale of fixed assets and premises held for sale 4,273 0 75,899 11,791
Purchases of fixed assets, net (1,618) (1,488) (5,774) (9,231)
Sale (Purchase) of FHLBNY capital stock, net (10,356) (306) 14,269 (15,252)
Net cash used in Investing Activities (433,935) (553,674) (853,652) (332,343)

CASH FLOWS FROM FINANCING ACTIVITIES

Increase in due to depositors 152,646 524,518 1,211,116 8,021
Increase (Decrease) in escrow and other deposits 22,517 (14,791) 25,871 (20,833)
Repayments of FHLBNY advances (1,224,500) (2,897,500) (3,178,500) (4,602,075)
Proceeds from FHLBNY advances 1,488,225 2,890,500 2,842,900 4,940,950
Proceeds from exercise of stock options 278 6,549 3,498 792
Repayment of trust preferred securities NA 0 0 (70,680)
Proceeds from subordinated debt issuance, net NA 0 0 113,531
Excess tax benefit of stock benefit plans 71 303 171 0
Equity award distribution 201 251 287 236
BMP ESOP shares received to satisfy distribution of retirement benefits 0 0 (1,820) (3,905)
Treasury shares repurchased 0 (300) 0 0
Cash dividends paid to stockholders (20,106) (20,292) (20,581) (21,004)
Net cash provided by Financing Activities 419,332 489,238 882,942 345,033
INCREASE(DECREASE) IN CASH AND CASH EQUIVALENTS 32,660 (14,283) 49,349 55,952
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 45,777 78,437 64,154 113,503
CASH AND CASH EQUIVALENTS, END OF PERIOD 78,437 64,154 113,503 169,455

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

Cash paid for income taxes 29,035 25,659 58,383 36,515
Cash paid for interest 48,329 46,698 52,320 59,823
Loans transferred to OREO 0 130 0 0
Loans transferred to held for sale 16,865 9,572 0 333,192
Transfer of premises to held for sale 0 8,799 1,379 0
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity 65 125 51 50
Net increase (decrease) in non-credit component of OTTI of securities (32) 9 (34) (20)
Reclassification of OCI from sale of investment securities held to maturity NA 0 0 1,229
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.