| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income | |||||||||
40,235 | 40,079 | 24,768 | 26,130 | 19,531 | 20,266 | 19,147 | 16,031 | 16,823 | 13,793 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Provision for loan losses | |||||||||
22 | 2,615 | 1,411 | 635 | 353 | 645 | 1,927 | 3,536 | 12,589 | 10,084 |
ESOP and stock compensation expense | |||||||||
5,576 | 7,769 | 8,686 | 9,555 | 8,891 | 4,653 | 5,037 | 3,907 | 3,871 | 3,819 |
Depreciation | |||||||||
3,569 | 3,020 | 3,229 | 3,591 | 3,385 | 3,640 | 3,634 | 2,824 | 2,151 | 1,791 |
Amortization of premiums, and deferred loan costs, net of (accretion) of discounts, and deferred loan fees | |||||||||
4,344 | 2,441 | 2,000 | 2,226 | 1,800 | 1,695 | 1,949 | 339 | 1,653 | 1,101 |
Amortization of intangible assets | |||||||||
265 | 326 | 386 | 447 | 210 | 416 | 440 | 316 | 219 | 173 |
Amortization of operating lease right-of-use assets | |||||||||
5,069 | - | - | - | - | - | - | - | - | - |
Amortization of mortgage servicing rights | |||||||||
- | - | - | - | - | - | - | 57 | 60 | 117 |
Income on bank owned life insurance | |||||||||
7,023 | 3,705 | 5,386 | 3,998 | 3,767 | 3,902 | 3,607 | 2,883 | 2,973 | 2,273 |
Gain on sale of premises and equipment and other real estate owned, net | |||||||||
- | - | - | - | 282 | 0 | 397 | 0 | 84 | 197 |
Net gain on sale of loans held-for-sale | |||||||||
- | - | - | - | 4 | 79 | 60 | -106 | 20 | 34 |
Proceeds from sale of loans held-for-sale | |||||||||
0 | 0 | 494 | 0 | 2,392 | 1,707 | 12,726 | 17,107 | 11,206 | 5,713 |
Losses (gains) on available-for-sale debt securities, net | |||||||||
514 | 178 | 169 | - | - | - | - | - | - | - |
Losses (gains) on trading securities, net | |||||||||
1,988 | -879 | 1,114 | 813 | -339 | 227 | 3,217 | 2,534 | 2,603 | 1,853 |
Origination of loans held-for-sale | |||||||||
- | - | - | - | 2,388 | 1,157 | 3,986 | 13,314 | 10,467 | 6,849 |
Bargain purchase gain, net of tax | |||||||||
- | - | - | - | - | - | - | - | 3,560 | - |
Net impairment losses on securities recognized in earnings | |||||||||
- | - | - | - | - | - | 434 | 24 | 409 | 154 |
Net sales of trading securities | |||||||||
266 | 250 | 626 | 637 | 687 | 579 | 358 | 147 | 202 | 95 |
Decrease (increase) in accrued interest receivable | |||||||||
1,650 | 2,246 | 999 | -1 | 248 | -122 | -17 | -899 | -125 | -181 |
(Increase) decrease in other assets | |||||||||
-2,679 | -3,563 | 3,689 | -3,052 | -3,359 | 2,948 | -978 | -4,316 | 1,659 | 18 |
Decrease in prepaid FDIC assessment | |||||||||
- | - | - | - | - | - | - | -1,415 | -1,609 | -1,610 |
Deferred taxes | |||||||||
177 | 893 | -15,193 | 3,059 | 1,632 | 1,167 | 4,033 | 2,733 | 2,883 | 2,905 |
Decrease in accrued expenses and other liabilities | |||||||||
1,011 | -631 | -560 | 571 | 1,059 | 2,625 | -623 | -1,289 | 1,196 | 1,263 |
Net cash provided by operating activities | |||||||||
51,152 | 52,789 | 43,624 | 37,701 | 32,311 | 25,710 | 30,008 | 27,977 | 27,460 | 25,575 |
Cash flows from investing activities: | |||||||||
Net increase in loans receivable | |||||||||
147,507 | 69,270 | 110,177 | 87,514 | 246,562 | 267,912 | 253,145 | 96,339 | 169,258 | 103,037 |
Purchase of loans | |||||||||
44,918 | 37,593 | 64,116 | 167,345 | 186,876 | 186,475 | 0 | 0 | - | - |
Purchases of Federal Home Loan Bank of New York stock | |||||||||
38,546 | 21,557 | 18,890 | 9,497 | 11,001 | 20,138 | 4,966 | -585 | 2,628 | 3,363 |
Redemptions of Federal Home Loan Bank of New York stock | |||||||||
21,488 | 24,086 | 18,967 | 10,653 | 14,417 | 8,435 | - | - | - | - |
Purchases of debt securities available-for-sale | |||||||||
635,898 | 451,174 | 137,631 | 105,860 | 0 | 436 | 289,562 | 801,492 | 476,918 | 845,781 |
Purchases of equity securities | |||||||||
2,061 | - | - | - | - | - | - | - | - | - |
Principal payments and maturities on debt securities available-for-sale | |||||||||
243,374 | 118,485 | 114,416 | 162,594 | 173,923 | 161,650 | 331,536 | 420,271 | 403,389 | 581,525 |
Principal payments and maturities on debt securities held-to-maturity | |||||||||
709 | 403 | 200 | 181 | 870 | 442 | 0 | 32,275 | 1,442 | 1,684 |
Proceeds from sale of debt securities available-for-sale | |||||||||
79,300 | 32,100 | 5,000 | 44,582 | 51,148 | 11,975 | 259,600 | 207,700 | 182,658 | 221,187 |
Proceeds from sale of equity securities | |||||||||
0 | 0 | 966 | 0 | - | - | - | - | - | - |
Purchases of securities held-to-maturity | |||||||||
- | - | - | - | 7,657 | 4,066 | 0 | 0 | - | - |
Proceeds from bank owned life insurance | |||||||||
5,002 | 174 | 2,829 | 0 | 0 | - | - | - | - | - |
Purchase of bank owned life insurance | |||||||||
- | - | - | - | - | - | 28,464 | 7,729 | - | 28,781 |
Proceeds from sale of other real estate owned | |||||||||
0 | 850 | 0 | 45 | 918 | 418 | 519 | 3,240 | 571 | 721 |
Proceeds from the sale of premises and equipment | |||||||||
- | - | - | - | - | - | - | - | - | 394 |
Purchases and improvements of premises and equipment | |||||||||
3,623 | 2,879 | 2,065 | 932 | 802 | 809 | 2,916 | 8,035 | 6,082 | 5,369 |
Net cash acquired in business combinations | |||||||||
- | - | - | 55,479 | 0 | 0 | - | 4,721 | 77,449 | - |
Net cash provided by (used in) investing activities | |||||||||
-522,725 | -406,360 | -190,526 | -97,614 | -211,622 | -296,916 | 12,553 | -244,803 | 10,623 | -180,820 |
Cash flows from financing activities: | |||||||||
Net increase in deposits | |||||||||
121,721 | 449,533 | 123,392 | 204,455 | 432,264 | 127,976 | -174,617 | 352,766 | -67,550 | 55,957 |
Dividends paid | |||||||||
20,198 | 18,673 | 15,646 | 14,074 | 12,184 | 12,884 | 26,859 | 1,722 | 3,701 | 3,308 |
Net proceeds from sale of common stock | |||||||||
- | - | - | - | - | - | 54,648 | 0 | - | - |
Merger of Northfield Bancorp, MHC | |||||||||
- | - | - | - | - | - | 124 | 0 | - | - |
Purchase of common stock for Employee Stock Ownership Plan (ESOP) | |||||||||
- | - | - | - | - | - | 14,224 | 0 | - | - |
Exercise of stock options | |||||||||
5,770 | 2,088 | 100 | 120 | 158 | 212 | 21 | 16 | 15 | 137 |
Purchase of treasury stock | |||||||||
15,815 | 5 | 0 | 2,201 | 48,446 | 138,702 | 3,628 | 4,344 | 37,821 | 8,213 |
Increase in advance payments by borrowers for taxes and insurance | |||||||||
2,038 | 3,209 | 2,467 | 1,469 | 3,070 | 1,351 | 2,953 | 1,287 | 1,508 | -64 |
Additional tax benefit on equity awards | |||||||||
- | - | - | 1,512 | 122 | 390 | 296 | 204 | 186 | 231 |
Repayments under capital lease obligations | |||||||||
44 | 255 | 224 | 204 | 179 | 272 | 289 | 251 | 217 | 187 |
Proceeds from securities sold under agreements to repurchase and other borrowings | |||||||||
1,206,659 | 397,312 | 441,570 | 228,978 | 250,314 | 821,373 | 539,250 | 398,439 | 584,508 | 378,501 |
Repayments related to securities sold under agreements to repurchase and other borrowings | |||||||||
758,502 | 459,715 | 443,003 | 315,910 | 470,664 | 512,768 | 487,758 | 466,077 | 493,594 | 266,501 |
Net cash (used in) provided by financing activities | |||||||||
541,629 | 373,494 | 108,656 | 104,145 | 154,455 | 286,676 | -110,083 | 280,318 | -16,666 | 156,553 |
Net (decrease) increase in cash and cash equivalents | |||||||||
70,056 | 19,923 | -38,246 | 44,232 | -24,856 | 15,470 | -67,522 | 63,492 | 21,417 | 1,308 |
Supplemental cash flow information: | |||||||||
Cash paid during the period for: | |||||||||
Interest | |||||||||
51,634 | 35,822 | 23,765 | 22,037 | 19,738 | 15,002 | 17,177 | 22,997 | 25,008 | 24,463 |
Income taxes | |||||||||
11,092 | 10,368 | 12,875 | 14,415 | 10,800 | 16,696 | 16,196 | 7,991 | 9,483 | 9,776 |
Non-cash transactions: | |||||||||
Loan charge-offs, net | |||||||||
-1,189 | 1,278 | -154 | 810 | 1,875 | 390 | 2,314 | 3,949 | 7,572 | 3,679 |
Transfers of held-to-maturity securities to available-for-sale securities | |||||||||
- | - | - | - | - | - | 2,200 | 0 | - | - |
Transfers of loans to other real estate owned | |||||||||
- | - | - | 850 | 0 | 860 | 0 | 306 | 2,509 | - |
Other real estate owned write-downs | |||||||||
- | - | - | - | 71 | 305 | 124 | 512 | 26 | 146 |
Transfers of originated loans held-for-investment to held-for-sale, at fair value | |||||||||
0 | 0 | 494 | 0 | 0 | - | 3,704 | 5,446 | 7,497 | - |
Initial recognition of operating lease right-of use assets | |||||||||
43,560 | - | - | - | - | - | - | - | - | - |
Initial recognition of operating lease liabilities | |||||||||
47,328 | - | - | - | - | - | - | - | - | - |
Securities available-for-sale | |||||||||
- | - | - | 61,633 | 0 | 0 | - | - | - | - |
Loans | |||||||||
- | - | - | 342,566 | 0 | 0 | - | 81,876 | 91,917 | - |
Core deposit intangible | |||||||||
- | - | - | - | - | - | - | 592 | 1,160 | - |
Other real estate owned | |||||||||
- | - | - | - | - | - | - | 823 | 1,166 | - |
Accrued interest receivable | |||||||||
- | - | - | 1,452 | 0 | 0 | - | 443 | 862 | - |
Bank owned life insurance | |||||||||
- | - | - | 11,269 | 0 | 0 | - | 4,652 | - | - |
Premises and equipment | |||||||||
- | - | - | 5,926 | 0 | 0 | - | 4,586 | - | - |
Federal Home Loan Bank of New York stock | |||||||||
- | - | - | 476 | 0 | 0 | - | 458 | 265 | - |
Goodwill and other intangible assets | |||||||||
- | - | - | 24,265 | - | - | - | - | - | - |
Other assets | |||||||||
- | - | - | 5,389 | 0 | 0 | - | 5,792 | 633 | - |
Total non-cash assets acquired | |||||||||
- | - | - | 452,976 | 0 | 0 | - | 131,922 | 117,198 | - |
Non-cash liabilities assumed at fair value: | |||||||||
Deposits | |||||||||
- | - | - | 456,203 | 0 | 0 | - | 110,568 | 188,234 | - |
Borrowings | |||||||||
- | - | - | 2,213 | 0 | 0 | - | 5,077 | - | - |
Other liabilities | |||||||||
- | - | - | 8,318 | 0 | 0 | - | 3,540 | 2,853 | - |
Total non-cash liabilities assumed | |||||||||
- | - | - | 466,734 | 0 | 0 | - | 119,185 | 191,087 | - |
Net non-cash assets acquired | |||||||||
- | - | - | -13,758 | 0 | 0 | - | 12,737 | -73,889 | - |
Net cash and cash equivalents acquired | |||||||||
- | - | - | 55,479 | 0 | 0 | - | 4,721 | 77,449 | - |
Common stock issued in acquisition | |||||||||
- | - | - | 41,721 | 0 | 0 | - | 13 | - | - |
Deposits utilized to purchase common stock | |||||||||
- | - | - | - | - | - | 289,554 | 0 | - | - |
Loan to finance sale of other real estate owned | |||||||||
- | - | - | - | - | - | - | - | - | 900 |
Increase in due to broker for purchases of held-to-maturity securities | |||||||||
- | - | - | - | - | - | - | - | -70,747 | 70,747 |