As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q2 YTD 6/30/2017 USD
Source Document Currency Code 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q2 YTD 6/30/2017 USD

CASH FLOWS FROM OPERATING ACTIVITIES

Net Income 43,548 44,246 44,772 72,514 23,146

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

Net gain on the sales of investment securities and MBS available-for-sale (110) (997) (1,384) 0 NA
Net gain recognized on trading securities (265) (13) 111 (83) (134)
Net gain on the sale of other real estate owned (“OREO”) NA 0 0 (40) 0
Write-down of OREO 180 0 0 18 NA
Net gain on sale of premises held for sale NA (649) 0 (68,183) 0
Net gain on sale of loans held for sale (13) (27) 0 0 NA
Net (loss) gain on the disposal of other assets 21 NA NA NA NA
Net depreciation, amortization and accretion 2,834 2,641 2,738 2,296 1,836
Stock plan compensation [excluding Employee Stock Ownership Plan (“ESOP”)] 2,205 2,087 1,886 1,837 838
Prepayment of ESOP Share Acquisition Loan NA 0 0 11,319 NA
ESOP compensation expense 1,213 1,230 1,307 1,138 0
Provision for loan losses 369 (1,872) (1,330) 2,118 1,497
Credit to reduce the liability for loans sold with recourse (305) (1,040) 0 0 NA
Increase in cash surrender value of BOLI (1,672) (1,743) (2,405) (2,250) (1,096)
Income recognized from mortality benefit on BOLI NA 0 0 (484) 0
Deferred income tax provision (940) 771 6,883 1,097 6
Reduction in credit related other than temporary impairment (“OTTI”) amortized through interest income NA 0 (228) (104) (52)
Excess tax benefit from stock benefit plans (292) (71) (303) (171) 0
Changes in assets and liabilities
Originations of loans held for sale during the period (1,621) NA NA NA NA
Proceeds from sales of loans held for sale 2,194 NA NA NA NA
Increase in other assets 8,168 (2,873) (1,464) (2,942) (10,488)
Increase in other liabilities 5,637 5,573 (430) 1,979 499
Net cash provided by (used in) Operating activities 61,151 47,263 50,153 20,059 16,052

CASH FLOWS FROM INVESTING ACTIVITIES

Proceeds from sales of investment securities available-for-sale 366 3,780 2,070 0 101
Proceeds from sales of MBS available-for-sale 0 0 24,307 0 NA
Purchases of investment securities available-for-sale (458) (3,884) (2,134) (22) (37)
Purchases of MBS available-for-sale 0 (875) 0 (3,267) NA
Proceeds from the sales of trading securities 131 7,115 1,340 3,648 4,544
Purchases of trading securities (1,814) (8,839) (3,090) (317) (144)
Principal collected on MBS available-for-sale 17,372 5,863 1,602 59 NA
Purchase of BOLI 0 (25,000) 0 0 NA
Proceeds from maturities of investment securities held-to-maturity 949 88 340 0 NA
Proceeds from calls and principal repayments of MBS available-for-sale 14,750 15,000 0 0 28
Proceeds from the sale of loans 5,893 16,892 9,572 0 393
Purchases of loans (52,031) (225,604) (99,745) (157,782) 0
Loans originated, net of repayments (149,122) (210,770) (486,142) (781,960) (240,900)
Proceeds from the sale of OREO and real estate owned 564 0 0 170 NA
Proceeds from the sale of fixed assets 0 NA NA NA NA
Proceeds from sale of OREO NA NA NA NA 0
Proceeds from surrender of cash surrender value of BOLI NA 0 0 1,425 0
Net proceeds from the sale of premises held for sale NA 4,273 0 75,899 0
Net purchases of fixed assets (1,963) (1,618) (1,488) (5,774) (5,527)
Redemption of FHLBNY capital stock, net (3,040) (10,356) (306) 14,269 (6,517)
Net cash used in Investing Activities (168,403) (433,935) (553,674) (853,652) (248,059)

CASH FLOWS FROM FINANCING ACTIVITIES

Increase in due to depositors 27,717 152,646 524,518 1,211,116 23,054
Increase (decrease) in escrow and other deposits (13,349) 22,517 (14,791) 25,871 (11,805)
Repayments of FHLBNY advances (218,500) (1,224,500) (2,897,500) (3,178,500) (1,359,500)
Proceeds from FHLBNY advances 286,000 1,488,225 2,890,500 2,842,900 1,472,950
Proceeds from exercise of stock options 11,228 278 6,549 3,498 626
Excess tax benefit from stock benefit plans 292 71 303 171 0
Equity award distribution 293 201 251 287 NA
BMP ESOP shares received to satisfy distribution of retirement benefits NA 0 0 (1,820) NA
Treasury shares repurchased 0 0 (300) 0 NA
Release of stock for benefit plan awards NA NA NA NA 198
Cash dividends paid to stockholders (19,728) (20,106) (20,292) (20,581) (10,520)
Proceeds from Subordinated debt issuance, net NA NA NA NA 113,545
Net cash provided by Financing Activities 73,953 419,332 489,238 882,942 228,548
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (33,299) 32,660 (14,283) 49,349 (3,459)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 79,076 45,777 78,437 64,154 113,503
CASH AND CASH EQUIVALENTS, END OF PERIOD 45,777 78,437 64,154 113,503 110,044

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

Cash paid for income taxes 29,858 29,035 25,659 58,383 20,912
Cash paid for interest 47,155 48,329 46,698 52,320 28,124
Loans transferred to OREO 783 0 130 0 NA
Loans transferred to held for sale 7,514 16,865 9,572 0 NA
Transfer of premises to held for sale NA 0 8,799 1,379 0
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity 271 65 125 51 47
Net decrease in non-credit component of OTTI (32) (32) 9 (34) 17
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.