| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | ||||||||||||
Net income | ||||||||||||
36,431 | 32,474 | 24,441 | 24,733 | 24,442 | 21,745 | 17,886 | 21,284 | 18,976 | 17,370 | 11,728 | 5,605 | 15,365 |
Adjustments to reconcile net income to net cash used in operating activities: | ||||||||||||
Provision for credit losses | ||||||||||||
5,585 | 4,871 | 5,290 | 5,361 | 3,827 | 3,139 | 225 | 3,385 | 7,574 | 16,639 | 32,015 | 20,979 | 6,864 |
Depreciation and amortization | ||||||||||||
8,368 | 7,791 | 6,179 | 5,478 | 4,940 | 4,759 | 5,306 | 5,147 | 4,257 | 4,029 | 3,308 | 3,265 | 2,427 |
Amortization of intangibles | ||||||||||||
- | - | - | - | - | - | - | - | 848 | 936 | 1,050 | 1,263 | 1,394 |
Deferred tax (benefit)/expense | ||||||||||||
949 | 1,721 | 2,312 | 4,651 | 1,333 | 4,362 | 8,139 | 1,130 | 1,693 | -968 | -3,622 | -2,637 | 1,307 |
Other | ||||||||||||
-1,996 | -2,717 | -2,136 | -1,799 | -1,785 | -2,113 | -1,552 | - | - | - | - | - | - |
Investment securities gains | ||||||||||||
- | - | - | - | - | - | - | 2,110 | 1,593 | 2,965 | 1,110 | 1,560 | -164 |
Stock-based compensation | ||||||||||||
- | - | - | - | - | - | - | 2,545 | 2,675 | 3,251 | 3,355 | 2,637 | 2,025 |
Originations and purchases of loans held-for-sale | ||||||||||||
70,980 | 102,141 | 94,628 | 61,107 | 48,109 | 67,525 | 75,928 | 34,026 | 52,561 | 37,085 | 22,417 | 34,902 | -116,471 |
Proceeds from sales, securitizations and paydowns of loans held-for-sale | ||||||||||||
79,182 | 93,453 | 93,270 | 60,196 | 49,363 | 71,407 | 73,566 | 33,202 | 54,092 | 40,155 | 33,902 | 38,036 | 107,350 |
Net change in: | ||||||||||||
Trading assets | ||||||||||||
652 | 38,371 | -5,673 | 20,007 | -62,212 | 24,814 | -89,110 | 5,379 | -36,443 | 72,082 | -133,488 | 12,787 | -121,240 |
Securities borrowed | ||||||||||||
27,631 | 6,861 | 8,653 | -2,313 | -12,165 | -1,020 | -7,562 | -23,455 | 18,936 | 3,926 | -4,452 | -15,408 | -10,496 |
Accrued interest and accounts receivable | ||||||||||||
78 | 5,849 | 15,868 | 5,815 | -22,664 | 3,637 | 2,340 | -1,732 | -8,655 | -443 | 6,312 | -10,221 | -1,932 |
Other assets | ||||||||||||
17,949 | 8,833 | -3,982 | 4,176 | 3,701 | 9,166 | -526 | 4,683 | 15,456 | 12,452 | -32,557 | 32,919 | -21,628 |
Trading liabilities | ||||||||||||
-14,516 | 18,290 | -26,256 | 5,198 | -28,972 | 26,818 | -9,772 | -3,921 | 7,905 | 19,344 | -79,314 | 24,061 | 12,681 |
Accounts payable and other liabilities | ||||||||||||
-352 | 14,630 | -16,508 | 5,087 | -23,361 | 6,058 | -5,750 | -13,069 | 35,203 | 17,325 | -26,450 | 1,012 | 4,284 |
Other operating adjustments | ||||||||||||
5,693 | 295 | 7,803 | -1,827 | -5,122 | 314 | -2,129 | -3,613 | 6,157 | 6,234 | 6,167 | 12,212 | 7,674 |
Net cash (used in) operating activities | ||||||||||||
6,046 | 14,187 | -10,827 | 21,884 | 73,466 | 36,593 | 107,953 | 25,079 | 95,932 | -3,752 | 122,797 | 23,930 | -110,560 |
Investing activities | ||||||||||||
Net change in: | ||||||||||||
Proceeds from assets sale to the FRBNY | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 28,850 | 0 |
Deposits with banks | ||||||||||||
- | - | - | - | 144,462 | -168,426 | -194,363 | -36,595 | -63,592 | 41,625 | 74,829 | -118,929 | 2,081 |
Federal funds sold and securities purchased under resale agreements | ||||||||||||
72,396 | -123,201 | 31,448 | -17,468 | 3,190 | 30,848 | 47,726 | -60,821 | -12,490 | -26,957 | 7,082 | -44,597 | -29,814 |
Held-to-maturity securities: | ||||||||||||
Proceeds from paydowns and maturities | ||||||||||||
3,423 | 2,945 | 4,563 | 6,218 | 6,099 | 4,169 | 189 | 4 | 6 | 7 | 9 | 10 | 14 |
Purchases | ||||||||||||
13,427 | 9,368 | 2,349 | 143 | 6,204 | 10,345 | 24,214 | 0 | 0 | - | - | - | - |
Available-for-sale securities: | ||||||||||||
Proceeds on sale of investment | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | -1,540 | 0 |
Proceeds from paydowns and maturities | ||||||||||||
52,200 | 37,401 | 56,117 | 65,950 | 76,448 | 90,664 | 89,631 | 112,633 | 86,850 | 92,740 | 87,712 | 44,414 | 31,143 |
Proceeds from sales | ||||||||||||
70,181 | 46,067 | 90,201 | 48,592 | 40,444 | 38,411 | 73,312 | 81,957 | 68,631 | 118,600 | 114,041 | 96,806 | 98,450 |
Purchases | ||||||||||||
242,149 | 95,091 | 105,309 | 123,959 | 70,804 | 121,504 | 130,266 | 189,630 | 202,309 | 179,487 | 346,372 | 248,599 | 122,507 |
Proceeds from sales and securitizations of loans held-for-investment | ||||||||||||
62,095 | 29,826 | 15,791 | 15,429 | 18,604 | 20,115 | 12,033 | 6,430 | 10,478 | 9,476 | 31,034 | 27,531 | 34,925 |
Other changes in loans, net | ||||||||||||
53,697 | 81,586 | 61,650 | 80,996 | 108,962 | 51,749 | 23,721 | 30,491 | 58,365 | -3,022 | -50,651 | 59,123 | 83,437 |
Net cash provided by/(used in) business acquisitions or dispositions | ||||||||||||
- | - | - | - | - | - | - | -88 | -102 | 4,910 | 97 | -2,128 | 70 |
Net maturities of asset-backed commercial paper guaranteed by the FRBB | ||||||||||||
- | - | - | - | - | - | - | - | - | - | -11,228 | 11,228 | 0 |
All other investing activities, net | ||||||||||||
5,035 | 4,986 | 563 | 2,825 | -3,703 | -2,181 | 828 | 3,400 | 63 | 114 | 762 | 934 | 4,973 |
Net cash provided by/(used in) investing activities | ||||||||||||
-54,013 | -197,993 | 28,249 | -89,202 | 106,980 | -165,636 | -150,501 | -119,825 | -170,752 | 54,002 | 29,355 | -283,671 | -74,188 |
Financing activities | ||||||||||||
Net change in: | ||||||||||||
Deposits | ||||||||||||
101,002 | 26,728 | 57,022 | 97,336 | -88,678 | 89,346 | 81,476 | 67,250 | 203,420 | -9,637 | -107,700 | 177,331 | 113,512 |
Federal funds purchased and securities loaned or sold under repurchase agreements | ||||||||||||
1,347 | 23,415 | -6,739 | 13,007 | -39,415 | 10,905 | -58,867 | 26,546 | -63,116 | 15,202 | 67,785 | 15,250 | -7,833 |
Repayments of Short-term Debt | ||||||||||||
28,561 | 18,476 | 16,540 | 2,461 | -57,828 | 9,242 | 2,784 | 9,315 | 7,230 | -6,869 | -67,198 | 9,219 | 41,412 |
Beneficial interests issued by consolidated VIEs | ||||||||||||
4,289 | 1,712 | -1,377 | -5,707 | -5,632 | -834 | -10,433 | 345 | 1,165 | 2,426 | -4,076 | -55 | -1,070 |
Proceeds from long-term borrowings | ||||||||||||
61,085 | 71,662 | 56,271 | 83,070 | 79,611 | 78,515 | 83,546 | 86,271 | 54,844 | 55,181 | 51,324 | 72,407 | 95,141 |
Payments of long-term borrowings | ||||||||||||
69,610 | 76,313 | 83,079 | 68,949 | 67,247 | 65,275 | 60,497 | 96,473 | 82,078 | 99,043 | 68,441 | 65,344 | 49,410 |
Redemption of preferred stock issued to the U.S. Treasury | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 25,000 | - | - |
Proceeds from issuance of preferred stock | ||||||||||||
5,000 | 1,696 | 1,258 | 0 | 5,893 | 8,847 | 3,873 | 1,234 | 0 | 0 | - | - | - |
Redemption of preferred stock | ||||||||||||
4,075 | 1,696 | 1,258 | 0 | 0 | - | 1,800 | 0 | 0 | -352 | 0 | - | 0 |
Excess tax benefits related to stock-based compensation | ||||||||||||
- | - | - | - | - | - | - | 255 | 867 | 26 | 17 | 148 | 365 |
Proceeds from issuance of preferred stock and Warrant to the U.S. Treasury | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 25,000 | 0 |
Proceeds from issuance of other preferred stock | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 7,746 | 0 |
Treasury stock repurchased | ||||||||||||
24,001 | 19,983 | 15,410 | 9,082 | 5,616 | 4,760 | 4,789 | 1,653 | 8,863 | 2,999 | 0 | - | 8,178 |
Proceeds from issuance of common stock | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 5,756 | 11,500 | 0 |
Dividends paid | ||||||||||||
12,343 | 10,109 | 8,993 | 8,476 | 7,873 | 6,990 | 6,056 | 5,194 | 3,895 | 1,486 | 3,422 | 5,911 | 5,051 |
All other financing activities, net | ||||||||||||
-1,146 | -1,430 | 407 | -467 | -726 | -768 | -913 | -189 | -1,868 | -1,666 | -2,124 | -292 | 3,028 |
Net cash provided by financing activities | ||||||||||||
32,987 | 34,158 | 14,642 | 98,271 | -187,511 | 118,228 | 28,324 | 87,707 | 107,706 | -49,217 | -153,079 | 246,999 | 184,056 |
Effect of exchange rate changes on cash and due from banks and deposits with banks | ||||||||||||
-182 | -2,863 | 8,086 | -1,482 | -276 | -1,125 | 272 | 1,160 | -851 | 328 | 238 | -507 | 424 |
Net increase in cash and due from banks and deposits with banks | ||||||||||||
-15,162 | -152,511 | 40,150 | 29,471 | -7,341 | -11,940 | -13,952 | -5,879 | 32,035 | 1,361 | -689 | -13,249 | -268 |
Cash interest paid | ||||||||||||
29,918 | 21,152 | 14,153 | 9,508 | 7,220 | 8,194 | 9,573 | 11,161 | 13,725 | 12,404 | 16,875 | 37,267 | 43,472 |
Cash income taxes paid, net | ||||||||||||
5,624 | 3,542 | 4,325 | 2,405 | 9,423 | 1,392 | 3,502 | 2,050 | 8,153 | 9,747 | 5,434 | 2,280 | 7,472 |