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 Q3 YTD 9/30/2017 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 Q3 YTD 9/30/2017 USD

CASH FLOWS FROM OPERATING ACTIVITIES

Net income 8,731 8,157 9,433 10,027 9,589

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

Amortization of intangible assets 921 1,310 1,136 986 653
Deferred income tax (benefit) expense (121) (2,263) 774 (2,564) NA
Provision for loan losses 2,755 3,981 1,571 2,437 2,750
Net losses on disposal of fixed assets 0 14 (18) 0 15
Depreciation and amortization of fixed assets 3,236 3,861 4,044 4,205 2,820
Amortization of premiums on securities, net 2,280 2,398 1,903 1,771 1,098
Gains on sales of loans held for sale, net (503) (301) (294) (326) (193)
Proceeds from sales of loans held for sale 20,076 14,062 13,669 15,498 9,655
Loans originated and held for sale (19,210) (13,731) (13,786) (14,508) (10,296)
Gain on bargain purchase (470) NA NA NA NA
Net gains on trading assets (43) (50) 2 (76) (96)
Proceeds from sales of trading assets 112 7 16 99 20
Net gains on securities transactions (16) (6,869) (372) (987) (12)
Net impairment loss recognized on investment securities 29 NA NA NA NA
Net (gains) losses on sales of other real estate owned (28) 64 (84) (21) (38)
Writedowns on OREO 3 141 390 7 NA
Purchase of trading assets (87) (140) (170) (96) (59)
Expense related to restricted stock units for directors' deferred compensation plan 99 94 95 97 72
Expense related to employee stock compensation 112 117 93 210 200
Expense related to employee restricted stock awards 131 151 314 192 162
Income from bank-owned life insurance (84) (78) (75) (73) (52)
Decrease in other assets and accrued interest receivable (4,246) (7,579) 4,931 (165) 888
Decrease in accrued interest payable (108) (99) (28) 1 (26)
Increase (decrease) in other liabilities 9,403 15,086 (9,421) 5,427 (565)
Proceeds from bank owned life insurance 0 110 0 0 NA
Net cash provided by operating activities 22,972 18,443 14,123 22,141 16,585

CASH FLOWS FROM INVESTING ACTIVITIES

Proceeds from sales and calls of securities available for sale 18,150 62,738 73,823 51,128 1,620
Proceeds from maturities and principal collected on securities available for sale 44,046 24,222 48,601 78,160 35,262
Proceeds from maturities and principal collected on securities held to maturity 5,703 3,201 3,290 2,868 2,807
Purchases of securities available for sale (174,034) (23,613) (191,112) (95,993) (41,306)
Purchases of securities held to maturity (6,449) (2,537) (2,025) (3,007) (1,967)
Purchase of FHLBNY and FRBNY stock (16,124) (3,907) (8,552) (5,458) (1,708)
Redemption of FHLBNY and FRBNY stock 16,353 2,854 9,290 6,214 2,252
Proceeds from sale of equipment 0 0 18 0 16
Purchases of premises and equipment (3,711) (2,586) (1,154) (1,696) (1,294)
Cash received acquisition of Bank of America branches 173,673 NA NA NA NA
Cash paid Bank of America branches (2,768) NA NA NA NA
Proceeds from sales of other real estate owned 155 342 1,329 1,568 383
Net increase in loans (101,481) (131,852) (48,156) (34,513) (90,019)
Net cash (used in) provided by investing activities (46,487) (71,138) (114,648) (729) (93,954)

CASH FLOWS FROM FINANCING ACTIVITIES

Net increase in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts 67,566 46,407 166,045 78,021 98,599
Net decrease in time deposits (27,085) (32,649) (45,764) (21,973) (17,924)
Net increase (decrease) in securities sold under agreements to repurchase (9) (3,049) (1,199) (847) (17,606)
Net change in FHLBNY overnight advances, net 0 30,830 (16,930) (13,900) 0
Repayments of FHLBNY long term advances (1,983) (5,933) (107) (10,110) (84)
Payments made on capital leases 0 (561) (103) (186) (154)
Purchase of treasury stock (93) NA NA NA NA
Sale of treasury stock 71 0 438 438 441
Cash dividends paid (3,584) (4,796) (4,833) (4,878) (3,687)
Net cash provided by financing activities 34,883 30,249 97,547 26,565 59,585
Net increase (decrease) in cash and cash equivalents 11,368 (22,446) (2,978) 47,977 (17,784)
Cash and cash equivalents, beginning of period 40,241 51,609 29,163 26,185 74,162
Cash and cash equivalents, end of period 51,609 29,163 26,185 74,162 56,378

Supplemental disclosure of cash flow information

Cash paid for

Interest 4,163 3,744 3,630 3,838 2,314
Income taxes 5,304 3,346 7,047 4,360 4,050

Supplemental disclosure of non-cash activity

Transfer of loans to other real estate owned 103 3,074 100 412 187
Dividends declared, not yet paid 1,195 1,204 1,214 1,225 1,232
Distribution of treasury stock for directors' compensation 217 273 271 262 269
Distribution of treasury stock for deferred directors' compensation 11 3 3 3 11
Assets acquired through long term capital lease obligations 0 3,537 0 2,035 0
Repurchase of common stock in lieu of employee payroll taxes 0 0 (33) (22) NA
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.