As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD 2019 Q2 YTD 6/30/2019 USD
Source Document Currency Code 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD 2019 Q2 YTD 6/30/2019 USD

CASH FLOWS FROM OPERATING ACTIVITIES

Net Income 44,772 72,514 51,882 51,288 24,536

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

Net (gain) loss on sales of securities available-for-sale (1,384) 0 36 (1,370) 133
Net gain on sale of investment securities held-to-maturity 0 0 (2,607) 0 NA
Net gain recognized on marketable equity securities 111 (83) (169) 302 (416)
Net gain on the sale of other real estate owned (“OREO”) 0 (40) 0 0 NA
Write-down of OREO 0 18 0 0 NA
Net gain on sale of premises 0 (68,183) (10,412) 0 NA
Net gain on sale of loans held for sale 0 0 (1,475) (302) (594)
Net depreciation, amortization and accretion 2,738 2,296 3,673 4,965 2,495
Stock plan compensation 1,886 1,837 1,687 1,524 775
Prepayment of ESOP Share Acquisition Loan 0 11,319 0 0 NA
ESOP compensation expense 1,307 1,138 0 0 NA
Provision (credit) for loan losses (1,330) 2,118 520 2,244 (128)
Loss from extinguishment of debt 0 0 1,272 0 NA
Originations of loans held for sale NA 0 0 (3,228) (4,202)
Proceeds from sale of loans held for sale NA 0 0 5,297 7,969
Income recognized from mortality benefit on BOLI 0 (484) 0 0 NA
Increase in cash surrender value of BOLI (2,405) (2,250) (2,217) (2,882) (1,401)
Deferred income tax provision (credit) 6,883 1,097 10,515 (807) 1,005
Reduction in credit related other than temporary impairment (“OTTI”) amortized through interest income (228) (104) (60) 0 NA
Excess tax benefit of stock benefit plans (303) (171) 0 0 NA
Changes in assets and liabilities
Decrease (Increase) in other assets (1,464) (2,942) (8,477) 7,089 (237)
Decrease in other liabilities (430) 1,979 (906) 185 (3,940)
Net cash provided by Operating activities 50,153 20,059 43,262 64,305 25,995

CASH FLOWS FROM INVESTING ACTIVITIES

Proceeds from sales of investment securities held-to-maturity 0 0 9,167 0 NA
Proceeds from sales of investment securities available-for-sale 2,070 0 377 0 NA
Proceeds from sales securities available-for-sale 24,307 0 15,000 158,758 104,131
Proceeds from sales of marketable equity securities NA 0 0 1,059 273
Proceeds from sale of investment securities held to maturity 340 NA NA NA NA
Proceeds from sales of trading securities 1,340 3,648 4,629 0 NA
Purchases of investment securities available-for-sale (2,134) (22) (145) (36,248) NA
Purchases of securities available-for-sale 0 (3,267) (363,680) (352,869) (117,656)
Acquisition of marketable equity securities NA 0 0 (307) (143)
Acquisition of trading securities (3,090) (317) (222) 0 NA
Proceeds from calls and principal repayments of securities available-for-sale 1,602 59 957 76,217 48,399
Purchase of BOLI 0 0 (20,000) 0 NA
Purchases of loans (99,745) (157,782) 0 (7,800) NA
Proceeds from the sale of portfolio loans 9,572 0 333,176 0 8,282
Net decrease (increase) in loans (486,142) (781,960) (298,910) 211,668 (152,459)
Proceeds from the sale of OREO and real estate owned 0 170 0 0 NA
Proceeds from surrender of cash surrender value of BOLI 0 1,425 0 0 NA
Proceeds from the sale of fixed assets and premises held for sale 0 75,899 11,791 0 NA
Purchases of fixed assets, net (1,488) (5,774) (9,231) (4,290) (466)
Sale of FHLBNY capital stock, net (306) 14,269 (15,252) 2,145 500
Net cash provided by (used in) Investing Activities (553,674) (853,652) (332,343) 48,333 (109,139)

CASH FLOWS FROM FINANCING ACTIVITIES

Increase (decrease) in due to depositors 524,518 1,211,116 8,021 (46,693) 78,782
Increase in escrow and other deposits (14,791) 25,871 (20,833) 3,066 577
Repayments of FHLBNY advances (2,897,500) (3,178,500) (4,602,075) (3,651,600) (1,657,650)
Proceeds from FHLBNY advances 2,890,500 2,842,900 4,940,950 3,606,950 1,647,500
Proceeds from Subordinated debt issuance, net 0 0 113,531 0 NA
Repayments of Trust Preferred securities 0 0 (70,680) 0 NA
Proceeds from other borrowings, net NA NA NA NA 58,000
Proceeds from exercise of stock options 6,549 3,498 792 954 73
Excess tax benefit of stock benefit plans 303 171 0 0 NA
Equity award distribution 251 287 236 76 NA
Release of stock for benefit plan awards NA NA NA NA 55
Payments related to tax withholding for stock-based compensation NA NA NA NA (105)
BMP ESOP shares received to satisfy distribution of retirement benefits 0 (1,820) (3,905) (883) 0
Treasury shares repurchased (300) 0 0 (25,881) (8,836)
Cash dividends paid to stockholders, net (20,292) (20,581) (21,004) (20,826) (10,090)
Net cash provided by (used in) financing activities 489,238 882,942 345,033 (134,837) 108,306
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (14,283) 49,349 55,952 (22,199) 25,162
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 78,437 64,154 113,503 169,455 147,256
CASH AND CASH EQUIVALENTS, END OF PERIOD 64,154 113,503 169,455 147,256 172,418

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

Cash paid for income taxes 25,659 58,383 36,515 8,428 6,435
Cash paid for interest 46,698 52,320 59,823 74,297 46,407
Loans transferred to OREO 130 NA NA NA NA
Loans transferred to held for sale 9,572 0 333,192 2,829 5,778
Transfer of premises to held for sale 8,799 1,379 0 0 NA
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity 125 51 50 0 NA
Net decrease in non-credit component of OTTI 9 (34) (20) 0 NA
Reclassification of OCI from sale of investment securities held to maturity 0 NA NA NA NA
Reductions for previous credit losses realized on securities sold NA 0 1,229 0 NA
Operating lease assets in exchange for operating lease liabilities NA NA NA NA 49,160
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.