STERLING BANCORP Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019	FY2018 12 months to Dec 31, 2018	FY2017 12 months to Dec 31, 2017	FY2016 12 months to Dec 31, 2016
Cash flows from operating activities:
Net income
Sterling Bancorp
Total net income
Adjustments to reconcile net income to net cash provided by operating activities:
Provisions for loan losses
Provision for credit losses - HTM securities
Charge of asset write-downs, systems integration, severance and retention
Charge for termination of defined benefit pension plans
Loss (gain) on extinguishment of debt
Loss (gain) and write-downs on OREO
(Gain) on sale of premises and equipment
Depreciation and amortization of premises and equipment
Loss on sale and impairment on premises and equipment
Impairment from early termination of leases
Amortization of intangibles
Amortization of low income housing tax credits
(Gain) on sale of loans held for sale
Net (gains) losses on sales of securities
Net (gain) on sale of trust division
(Gain) on security calls available for sale
Loss on security calls held to maturity
Net (accretion) on loans
Net amortization of premiums on securities
Amortization of premium on certificates of deposit
Net accretion of discount (amortization of premium), on borrowings
Restricted stock expense
Stock option compensation expense
Originations of loans held for sale
Proceeds from sales of loans held for sale
Increase in cash surrender value of BOLI
Deferred income tax (benefit) expense
Other adjustments (principally net changes in other assets and other liabilities)
Sterling Bancorp
Total other adjustments (principally net changes in other assets and other liabilities)

Net cash provided by operating activities
Sterling Bancorp
Total net cash provided by operating activities
Cash flows from investing activities:
Available for sale
Purchases of securities:
AFS
HTM
Proceeds from maturities, calls and other principal payments on securities:
Available for sale
Held to maturity
AFS
HTM
Proceeds from sales of securities AFS
Proceeds from sales of securities HTM
Proceeds from calls of securities AFS
Proceeds from calls of securities HTM
Loan originations, net
Portfolio loans purchased
Proceeds from sale of loans held for investment
Commercial
Total proceeds from sale of loans held for investment
Proceeds from sale of residential mortgage, commercial and PPP loans
Proceeds from sales of OREO
Redemption (purchase) of FHLB and FRB stock, net
Purchase of low income housing tax credit
Redemption of and benefits received on BOLI
Purchase of bank owned life insurance
Purchases of premises and equipment
Proceeds from the sale of premises and equipment
Cash (paid for) received from acquisitions
Net cash provided by (used in) investing activities
Sterling Bancorp
Total net cash provided by (used in) investing activities

Cash flows from financing activities:
Net increase in transaction, savings and money market deposits
Net (decrease) increase in time deposits
Net increase (decrease) in short-term FHLB borrowings
Advances of term FHLB borrowings
Repayments of term FHLB borrowings
Advances under the PPP Liquidity Facility
Repayment of PPP Liquidity Facility
Net increase (decrease) in other borrowings
Repayment of Senior Notes
Repayment of 3.50% Senior Notes
Sterling Bancorp
Total repayment of 3.50% Senior Notes
Repayment of debt assumed in acquisition
Repayments of Subordinated Debt
Sterling Bancorp
Total repayments of Subordinated Debt

Issuance of Subordinated Notes - 2030 and 2029, respectively
Sterling Bancorp
Total issuance of Subordinated Notes - 2030 and 2029, respectively
Net increase (decrease) in mortgage escrow funds
Proceeds from stock option exercises
Proceeds from issuance of common equity
Cash dividends paid
Treasury shares purchased
Sterling Bancorp
Total treasury shares purchased
Cash dividends paid - common stock
Sterling Bancorp
Total cash dividends paid - common stock
Cash dividends paid - preferred stock
Sterling Bancorp
Total cash dividends paid - preferred stock
Net cash (used in) provided by financing activities
Sterling Bancorp
Total net cash (used in) provided by financing activities

Net (decrease) in cash and cash equivalents
Sterling Bancorp
Total net (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Sterling Bancorp
Total cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
Sterling Bancorp
Total cash and cash equivalents at end of period
Supplemental cash flow information:
Interest payments
Income tax payments
Real estate acquired in settlement of loans
Securities purchased pending settlement
Loans transfered from held for investment to held for sale
Securities available for sale transferred to held to maturity
Loans transferred from held for investment to held for sale
Securities held to maturity transferred to available for sale
Residential loans transferred from held for sale to portfolio
Operating cash flows from operating leases
Right-of-use assets obtained in exchange for lease liabilities
Acquisitions:
Non-cash assets acquired:
Securities available for sale
Securities held to maturity
Loans held for sale
Total loans, net
FRB stock
Accrued interest receivable
Goodwill
Trade name
Core deposit and other intangibles
Bank owned life insurance
Premises and equipment, net
Other real estate owned
Other assets
Total non-cash assets acquired

Deposits
Escrow deposits
FHLB and other borrowings
Other borrowings
Subordinated debentures
Other liabilities
Total liabilities assumed
Preferred stock assumed
Net non-cash asset acquired
Cash and cash equivalents acquired in acquisitions
Total consideration paid

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