Dime community bancshares inc (DCOM)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income

36,186

51,288

51,882

72,514

44,772

44,246

43,548

40,308

47,309

41,389

26,189

Adjustments to reconcile net income to net cash provided by operating activities:
The net gain (loss) realized from the sale, exchange, redemption, or retirement of investment and mortgage backed securities categorized as available-for-sale.

-

-

-

0

1,384

997

110

1,022

32

-609

-431

Net gain on sale of investment securities held-to-maturity

0

0

2,607

0

0

-

-

-

-

-

-

Net (gain) loss on sales of securities available-for-sale

31

1,370

-36

-

-

-

-

-

-

-

-

Net (gain) loss recognized on marketable equity securities

531

-302

169

83

-111

13

265

113

-34

75

0

Net gain on the re-acquisition of trust preferred securities payable

-

-

-

-

-

-

-

-

-

-

505

Net gain on sale of loans held for sale

1,540

302

1,475

0

0

27

13

68

-9

448

674

Net gain recognized on the transfer of securities from available-for-sale into trading

-

-

-

-

-

-

-

-

-

242

0

Net gain on the sale of other real estate owned ("OREO")

-

-

-

40

0

0

-

-

-

-

-

Write-down of OREO

-

-

-

18

0

0

180

0

0

422

196

Gain on sale of real estate

0

0

10,412

68,183

0

649

-

-

-

-

-

Net loss on sales of OREO

-

-

-

-

-

-

-

-

-

-

-92

Net depreciation, amortization and accretion

5,075

4,965

3,673

2,296

2,738

2,641

2,834

2,880

2,935

2,444

2,446

Stock-based compensation

1,843

1,524

1,687

1,837

1,886

2,087

-

-

-

2,194

2,113

The cash inflow from employee stock ownership plans (ESOP) share acquisition loan payoff during the period.

-

-

-

11,319

0

0

-

-

-

-

-

Stock plan compensation (excluding ESOP)

-

-

-

-

-

-

2,205

2,164

2,105

-

3,303

ESOP compensation expense

-

-

-

1,138

1,307

1,230

1,213

1,078

1,041

1,025

815

Provision for loan losses

17,340

2,244

520

2,118

-1,330

-1,872

369

3,921

6,846

11,209

13,152

Net (gain) loss on sales of OREO and other assets

-

-

-

-

-

-

-21

13,726

0

-10

-

Loss from extinguishment of debt

-

-

-

0

0

-

-

-28,772

0

0

-

Originations of loans held for sale

23,154

3,228

0

0

-

-

1,621

32,665

5,650

24,560

19,092

Proceeds from sale of loans originated for sale

38,666

5,297

0

0

-

-

2,194

36,755

8,556

28,246

19,350

The income received by the entity as a mortality benefit received through a bank owned life insurance policy held on an officer of the entity.

-

-

-

484

0

0

-

-

-

-

-

Credit to reduce the liability for loans sold with recourse

-

-

-

-

-

-1,040

-305

-1,286

0

0

-60

The increase on earnings on in the value of the cash surrender value of bank owned life insurance policies during the period.

2,830

2,882

2,217

2,250

2,405

1,743

1,672

1,689

1,758

1,941

2,022

Net OTTI recognized in earnings

-

-

-

-

-

-

-

181

727

2,475

7,915

Deferred income tax benefit

-2,383

-807

10,515

1,097

6,883

771

-940

-2,068

-1,223

-737

-8,665

The cash outflow during the period due to reduction in credit related OTTI amortized through interest income.

0

0

60

104

228

0

-

-

-

-

-

Excess tax benefit of stock benefit plans

-

-

-

171

303

71

292

389

431

112

-130

Changes in assets and liabilities:
Decrease in other assets

-3,186

-7,089

7,205

2,942

1,464

2,873

-8,168

-6,009

-5,671

-5,246

13,205

Decrease (increase) in other liabilities

-3,336

185

-906

1,979

-430

5,573

5,637

3,663

-3,552

2,245

-3,196

Net cash provided by Operating Activities

68,491

64,305

43,262

20,059

50,153

47,263

61,151

72,705

62,587

68,181

27,851

CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of investment securities held to maturity

-

-

-

-

0

-

-

-

-

-

-

Proceeds from sales of investment securities held-to-maturity

0

0

9,167

0

340

-

-

-

-

-

-

The cash inflow associated with the sale of marketable securities and securities classified as trading securities and held for investment purposes.

570

1,059

4,629

-

-

-

-

-

-

-

-

Proceeds from maturities of investment securities held-to-maturity

-

-

-

-

-

88

949

983

1,152

556

267

Proceeds from maturities and calls of investment securities available-for-sale

-

-

-

-

-

15,000

14,750

200,320

204,000

101,510

10,100

Proceeds from sales of investment securities available-for-sale

-

-

-

0

2,070

3,780

366

22,415

236

2,519

10,359

Proceeds from sales of securities available-for-sale

148,857

158,758

15,377

0

24,307

0

0

21,949

0

0

-

Proceeds from sales of marketable equity securities

-

-

-

0

-

-

-

-

-

-

-

Purchases of securities available-for-sale

317,656

389,117

363,825

22

2,134

3,884

458

80,153

293,157

147,426

46,000

Payments to Acquire Marketable Securities and to acquire securities classified as trading securities and held for investment purposes.

266

307

222

-

-

-

-

-

-

-

-

Purchases of MBS and CMO securities available-for-sale

-

-

-

3,267

0

875

0

23,186

0

0

-

Acquisition of marketable equity securities

-

-

-

0

-

-

-

-

-

-

-

Proceeds from sales of trading securities

-

-

-

3,648

1,340

7,115

131

171

136

0

0

Acquisition of trading securities

-

-

-

317

3,090

8,839

1,814

3,158

454

24

0

The cash inflow from the monthly contractual payments related to securities issued by a governmental agency or corporation (for example, GNMA or FHLMC) or by private issuers (for example, banks and mortgage banking enterprises) secured by and repaid from underlying mortgages, which were designated as available for sale when acquired.

129,680

76,217

957

59

1,602

5,863

17,372

42,822

48,911

78,389

82,129

Purchase of BOLI

0

0

20,000

0

0

25,000

0

0

-

-

-

Loans purchased

0

7,800

0

157,782

99,745

225,604

52,031

30,425

0

0

-

Proceeds from the sale of portfolio loans transferred to held for sale

9,684

0

333,176

0

9,572

16,892

5,893

30,906

29,772

46,975

100,000

The net cash outflow or inflow for the decrease (increase) in the beginning and end of period of loans which are not originated or purchased specifically for resale.

-18,953

-211,668

298,910

781,960

486,142

210,770

149,122

50,609

28,839

141,898

214,034

Proceeds from the sale of OREO and real estate owned

-

-

-

170

0

0

564

0

0

643

532

Proceeds from surrender of cash surrender value of BOLI

-

-

-

1,425

0

0

-

-

-

-

-

Proceeds from the sale of fixed assets and premises held for sale

0

0

11,791

75,899

0

4,273

0

17,477

-

-

-

Purchases of fixed assets, net

1,719

4,290

9,231

5,774

1,488

1,618

1,963

4,422

3,884

3,910

1,447

Sale (purchase) of FHLBNY capital stock, net

-1,532

-2,145

15,252

-14,269

306

10,356

3,040

-4,478

-2,229

-2,365

648

Net cash provided by (used in) Investing Activities

-10,365

48,333

-332,343

-853,652

-553,674

-433,935

-168,403

149,568

-39,898

-60,301

-58,742

CASH FLOWS FROM FINANCING ACTIVITIES:
Increase (decrease) in due to depositors

-74,129

-46,693

8,021

1,211,116

524,518

152,646

27,717

135,728

-6,880

133,745

-43,215

Amount of increase (decrease) in escrow and other deposit liabilities.

-8,753

3,066

-20,833

25,871

-14,791

22,517

-13,349

10,941

3,270

2,647

-64,226

Repayments of FHLBNY advances

4,517,550

3,651,600

4,602,075

3,178,500

2,897,500

1,224,500

218,500

172,275

105,750

184,150

230,000

Proceeds from FHLBNY advances

4,484,450

3,606,950

4,940,950

2,842,900

2,890,500

1,488,225

286,000

75,000

55,000

130,000

220,000

Proceeds from Subordinated Debt issuance, net

0

0

113,531

0

0

-

-

-

-

-

-

Trust preferred securities redeemed

0

0

70,680

0

0

-

-

-

-

-

-

Proceeds (repayments) of other borrowings, net

110,000

0

0

-

-

-

-

-

-

-

-

Repayments of securities sold under agreements to repurchase ("REPOS")

-

-

-

-

-

-

-

195,000

0

0

-

Prepayment penalty on debt

-

-

-

-

-

-

-

28,772

0

0

-

Proceeds from exercise of stock options

367

954

792

3,498

6,549

278

11,228

5,608

3,669

1,012

43

Excess tax benefit of stock benefit plans

-

-

-

171

303

71

292

389

431

112

-130

Cash Flow Financing Activity related to an award distribution or change in value of equity component of the Benefit Maintenance Plan.

131

76

236

287

251

201

293

145

0

-

-

Payments related to tax withholding for equity awards

133

0

0

-

-

-

-

-

-

-

-

The cash outflow for the payment of benefit maintenance plan of employee stock ownership plan shares received to satisfy distribution of retirement benefits.

4

883

3,905

1,820

0

0

-

-

-

-

-

Treasury shares repurchased

24,191

25,881

0

0

300

0

0

-

-

-

-

BMP award distribution

-

-

-

-

-

-

-

-

-

0

980

Proceeds disbursed for the repayment of subordinated note

-

-

-

-

-

-

-

-

-

25,000

0

Cash dividends paid to stockholders, net

20,082

20,826

21,004

20,581

20,292

20,106

19,728

19,221

18,898

18,640

18,498

Net cash provided by (used in) Financing Activities

-49,894

-134,837

345,033

882,942

489,238

419,332

73,953

-187,457

-69,158

39,726

-137,006

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

8,232

-22,199

55,952

49,349

-14,283

32,660

-33,299

34,816

-46,469

47,606

-167,897

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for income taxes

11,944

8,428

36,515

58,383

25,659

29,035

29,858

26,913

36,618

26,955

21,612

Cash paid for interest

92,707

74,297

59,823

52,320

46,698

48,329

47,155

87,281

70,041

80,454

98,646

Loans transferred to OREO

-

-

-

-

130

0

783

0

0

320

1,179

The balance of loans transferred from a held for investment to a held for sale status during the period. Loans held for sale are accounted for at the lower of cost or market.

22,921

2,829

333,192

0

9,572

16,865

7,514

65,131

2,628

6,130

0

Premises transferred to held for sale during the period, a non-cash transaction impacting balances.

514

0

0

1,379

8,799

0

-

-

-

-

-

Operating lease assets in exchange for operating lease liabilities

49,747

0

0

-

-

-

-

-

-

-

-

Pre-tax amortization of the unrealized holding gain(loss), at the date of the transfer for debt securities transferred from available-for-sale category to the held-to-maturity category.

0

0

50

51

125

65

271

202

446

184

222

Reversal of unrealized loss on securities transferred from available-for-sale to held-to-maturity

-

-

-

-

-

-

-

-

-

-

3,378

Net increase (decrease) in non-credit component of other than temporary investment (OTTI).

0

0

-20

-34

9

-32

-32

296

25

282

2,137

Reclassification of OCI from sale of investment securities held to maturity

-

-

-

-

0

-

-

-

-

-

-

Reductions for previous credit losses realized on securities sold

0

0

1,229

0

-

-

-

-

-

-

-

Cumulative effect adjustment for the adoption of transition requirements of ASC 715-20-65

-

-

-

-

-

-

-

-

-

-

-7

Transfer of REPOS to FHLBNY Advances

-

-

-

-

-

-

-

-

-

35,000

0