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 2018 Q1 YTD 3/31/2018 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 2018 Q1 YTD 3/31/2018 USD

CASH FLOWS FROM OPERATING ACTIVITIES

Net income 8,157 9,433 10,027 7,430 4,439

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

Amortization of intangible assets 1,310 1,136 986 860 194
Deferred income tax (benefit) expense (2,263) 774 (2,564) 4,251 NA
Provision for loan losses 3,981 1,571 2,437 9,022 709
Net losses on disposal of fixed assets 14 (18) 0 29 7
Depreciation and amortization of fixed assets 3,861 4,044 4,205 3,703 889
Amortization of premiums on securities, net 2,398 1,903 1,771 1,450 305
Gains on sales of loans held for sale, net (301) (294) (326) (260) (46)
Proceeds from sales of loans held for sale 14,062 13,669 15,498 9,722 3,611
Loans originated and held for sale (13,731) (13,786) (14,508) (9,592) (3,213)
Net gains on equity investments (50) 2 (76) (137) (6)
Net gains on securities transactions (6,869) (372) (987) (109) NA
Proceeds from sales of trading assets 7 16 99 20 NA
Net gains on sales of other real estate owned 64 (84) (21) (38) (44)
Writedowns on OREO 141 390 7 43 NA
Purchase of equity investments (140) (170) (96) (97) (28)
Expense related to restricted stock units for directors' deferred compensation plan 94 95 97 98 25
Expense related to employee stock compensation 117 93 210 200 89
Expense related to employee restricted stock awards 151 314 192 210 163
Income from bank-owned life insurance (78) (75) (73) (70) (16)
(Increase) decrease in other assets and accrued interest receiable (7,579) 4,931 (165) 636 (2,478)
Decrease in accrued interest payable (99) (28) 1 (62) (29)
Increase (decrease) in other liabilities 15,086 (9,421) 5,427 (3,664) 2,409
Proceeds from bank owned life insurance 110 NA NA NA NA
Net cash provided by operating activities 18,443 14,123 22,141 23,645 6,980

CASH FLOWS FROM INVESTING ACTIVITIES

Proceeds from sales and calls of securities available for sale 62,738 73,823 51,128 6,656 285
Proceeds from maturities and principal collected on securities available for sale 24,222 48,601 78,160 45,498 9,078
Proceeds from maturities and principal collected on securities held to maturity 3,201 3,290 2,868 2,891 261
Purchases of securities available for sale (23,613) (191,112) (95,993) (41,306) 0
Purchases of securities held to maturity (2,537) (2,025) (3,007) (1,967) (120)
Purchase of FHLBNY and FRBNY stock (3,907) (8,552) (5,458) (7,208) (6,437)
Redemption of FHLBNY and FRBNY stock 2,854 9,290 6,214 5,465 9,124
Proceeds from sales of fixed assets 0 18 0 16 NA
Purchases of premises and equipment (2,586) (1,154) (1,696) (1,482) (375)
Proceeds from sales of other real estate owned 342 1,329 1,568 383 157
Net increase in loans (131,852) (48,156) (34,513) (115,588) (8,572)
Net cash (used in) provided by investing activities (71,138) (114,648) (729) (106,642) 3,401

CASH FLOWS FROM FINANCING ACTIVITIES

Net increase in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts 46,407 166,045 78,021 36,847 52,670
Net decrease in time deposits (32,649) (45,764) (21,973) (25,744) (1,916)
Net decrease in securities sold under agreements to repurchase (3,049) (1,199) (847) (17,606) 0
Net decrease in FHLBNY overnight advances, net 30,830 (16,930) (13,900) 57,700 (57,700)
Repayments of FHLBNY long term advances (5,933) (107) (10,110) (7,093) (2,000)
Payments made on capital leases (561) (103) (186) (205) (53)
Sale of treasury stock 0 438 438 582 126
Cash dividends paid (4,796) (4,833) (4,878) (4,917) (1,233)
Net cash (used in) provided by financing activities 30,249 97,547 26,565 39,564 (10,106)
Net increase in cash and cash equivalents (22,446) (2,978) 47,977 (43,433) 275
Cash and cash equivalents, beginning of period 51,609 29,163 26,185 74,162 30,729
Cash and cash equivalents, end of period 29,163 26,185 74,162 30,729 31,004

Supplemental disclosure of cash flow information

Cash paid (received) for

Interest 3,744 3,630 3,838 3,130 798
Income taxes 3,346 7,047 4,360 4,050 (175)

Supplemental disclosure of non-cash activity

Transfer of loans to other real estate owned 3,074 100 412 1,940 5
Dividends declared, not yet paid 1,204 1,214 1,225 1,233 1,238
Assets acquired through long term capital lease obligation 3,537 0 2,035 0 NA
Repurchase of common stock in lieu of employee payroll taxes 0 (33) (22) (61) NA
Distribution of treasury stock for directors' deferred compensation plan 3 3 3 11 NA
Distribution of treasury stock for directors' compensation 273 271 262 269 301
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