As Reported Financials

Source Document Currency Code (in thousands) 2012 Y 12/31/2014 USD 2013 Y 12/31/2015 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2015 USD 2016 Q3 YTD 9/30/2016 USD
Source Document Currency Code 2012 Y 12/31/2014 USD 2013 Y 12/31/2015 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2015 USD 2016 Q3 YTD 9/30/2016 USD

CASH FLOWS FROM OPERATING ACTIVITIES

Net income 11,022 8,731 8,157 9,433 7,073

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

Amortization of intangible assets 1,047 921 1,310 1,136 748
Deferred income tax (benefit) expense 647 (121) (2,263) 774 NA
Provision for loan losses 828 2,755 3,981 1,571 2,033
Gains on disposal of fixed assets 0 0 14 (18) 0
Depreciation and amortization of fixed assets 2,946 3,236 3,861 4,044 3,285
Amortization of premiums on securities, net 1,827 2,280 2,398 1,903 1,365
Gains on sales of loans held for sale, net (484) (503) (301) (294) (273)
Proceeds from sales of loans held for sale 15,684 20,076 14,062 13,669 12,854
Loans originated and held for sale (15,862) (19,210) (13,731) (13,786) (11,624)
Gain on bargain purchase 0 (470) 0 0 NA
Net (gains) losses on trading assets (27) (43) (50) 2 (53)
Proceeds from sales of trading assets 96 112 7 16 99
Net gains on securities transactions (301) (16) (6,869) (372) (983)
Net impairment loss recognized on investment securities 0 29 0 0 NA
Net (gains) losses on sales of other real estate owned 45 (28) 64 (84) 6
Writedowns on OREO NA 3 141 390 NA
Purchase of trading assets (123) (87) (140) (170) (65)
Expense related to restricted stock units for directors' deferred compensation plan 87 99 94 95 72
Expense related to employee stock compensation 80 112 117 93 210
Expense related to employee restricted stock awards 80 131 151 314 145
Income from bank-owned life insurance (87) (84) (78) (75) (55)
Decrease in other assets and accrued interest receivable 6,084 (4,246) (7,579) 4,931 2,250
Decrease in prepaid FDIC Assessment 733 NA NA NA NA
Decrease in accrued interest payable (348) (108) (99) (28) (8)
Increase (decrease) in other liabilities 588 9,403 15,086 (9,421) 2,702
Proceeds from bank owned life insurance 0 0 110 0 NA
Net cash provided by operating activities 24,562 22,972 18,443 14,123 19,781

CASH FLOWS FROM INVESTING ACTIVITIES

Proceeds from sales and calls of securities available for sale 90,870 18,150 62,738 73,823 36,130
Proceeds from maturities and principal collected on securities available for sale 29,342 44,046 24,222 48,601 56,661
Proceeds from maturities and principal collected on securities held to maturity 4,296 5,703 3,201 3,290 2,797
Purchases of securities available for sale (80,444) (174,034) (23,613) (191,112) (47,696)
Purchases of securities held to maturity (1,733) (6,449) (2,537) (2,025) (2,735)
Purchase of FHLBNY and FRBNY stock (26) (16,124) (3,907) (8,552) (5,458)
Redemption of FHLBNY and FRBNY stock 825 16,353 2,854 9,290 5,764
Proceeds from sale of equipment NA 0 0 18 0
Purchases of premises and equipment (3,668) (3,711) (2,586) (1,154) (937)
Cash received acquisition of Bank of America branches 0 173,673 0 0 NA
Cash paid Bank of America branches 0 (2,768) 0 0 NA
Proceeds from sales of other real estate owned 796 155 342 1,329 1,499
Net increase in loans (97,115) (101,481) (131,852) (48,156) (49,243)
Net cash used by investing activities (56,857) (46,487) (71,138) (114,648) (3,218)

CASH FLOWS FROM FINANCING ACTIVITIES

Net increase in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts 86,541 67,566 46,407 166,045 126,309
Net decrease in time deposits (40,300) (27,085) (32,649) (45,764) (17,660)
Net increase in securities sold under agreements to repurchase (4,396) (9) (3,049) (1,199) 1,549
Repayments of FHLBNY overnight advances, net 0 0 30,830 (16,930) (13,900)
Repayments of FHLBNY long term advances (16,119) (1,983) (5,933) (107) (82)
Payments made on capital lease 0 0 (561) (103) (136)
Purchase of treasury stock (636) (93) 0 0 NA
Sale of treasury stock 258 71 0 438 332
Cash dividends paid (5,714) (3,584) (4,796) (4,833) (3,656)
Net cash provided by financing activities 19,634 34,883 30,249 97,547 92,756
Net increase in cash and cash equivalents (12,661) 11,368 (22,446) (2,978) 109,319
Cash and cash equivalents, beginning of period 52,902 40,241 51,609 29,163 26,185
Cash and cash equivalents, end of period 40,241 51,609 29,163 26,185 135,504

Supplemental disclosure of cash flow information

Cash paid for

Interest 5,643 4,163 3,744 3,630 2,874
Income taxes 1,732 5,304 3,346 7,047 2,680

Supplemental disclosure of non-cash activity

Transfer of loans to other real estate owned 618 103 3,074 100 342
Dividends declared, not yet paid 0 1,195 1,204 1,214 1,222
Distribution of treasury stock for directors' compensation NA 217 273 271 262
Distribution of treasury stock for deferred directors' compensation NA 11 3 3 3
Assets acquired through long term capital lease obligations 0 0 3,537 0 2,035
Repurchase of common stock in lieu of employee payroll taxes NA 0 0 (33) 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.