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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES          
Net Income     $ 31,087 $ 39,657  
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:          
Net Amortization on Securities Available for Sale     196 1,712  
Net (Gain) Loss on Sales of Securities Available for Sale     6 (52)  
Provision for Credit Losses on Loans $ 0 $ 1,500 2,050 6,200  
Provision (Credit) for Off-Balance Sheet Exposures (600)   (1,975)    
Depreciation of Premises and Equipment     1,901 1,911  
Amortization of Other Intangible Assets     91 143  
Amortization of Right-of Use Asset     396    
Amortization of Subordinated Debt Issuance Costs     287 320  
Stock-based Compensation     2,910 2,557  
Changes in Operating Assets and Liabilities:          
Accrued Interest Receivable and Other Assets     (8,923) (7,859)  
Accrued Interest Payable and Other Liabilities     10,457 35,780  
Net Cash Provided by Operating Activities     38,483 80,369  
CASH FLOWS FROM INVESTING ACTIVITIES          
(Increase) Decrease in Bank-Owned Certificates of Deposit     (44) 694  
Proceeds from Sales of Securities Available for Sale     26,976 25,066  
Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale     23,812 30,253  
Purchases of Securities Available for Sale     (63,777) (210,432)  
Net Increase in Loans     (155,123) (560,786)  
Net Increase in FHLB Stock     2,550 (10,361)  
Purchases of Premises and Equipment     (2,787) (1,457)  
Proceeds from Sales of Foreclosed Assets     116    
Purchase of Bank-Owned Life Insurance       (7,407)  
Net Cash Used in Investing Activities     (168,277) (734,430)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Net Increase in Deposits     258,966 358,837  
Net (Decrease) Increase in Federal Funds Purchased     (287,000) 212,000  
Proceeds from FHLB Advances     486,500 29,000  
Principal Payments on FHLB Advances     (289,000)    
Preferred Stock Dividends Paid     (3,040) (3,040)  
Stock Options Exercised     717 106  
Stock Repurchases       (10,778)  
Forfeiture of Restricted Stock Awards       (3)  
Shares Repurchased for Tax Withholdings Upon Vesting of Restricted Stock-Based Awards     (34) (38)  
Net Cash Provided by Financing Activities     167,109 586,084  
NET CHANGE IN CASH AND CASH EQUIVALENTS     37,315 (67,977)  
Cash and Cash Equivalents Beginning     87,043 143,473 $ 143,473
Cash and Cash Equivalents Ending $ 124,358 $ 75,496 124,358 75,496 $ 87,043
SUPPLEMENTAL CASH FLOW DISCLOSURE          
Cash Paid for Interest     82,670 16,905  
Cash Paid for Income Taxes     8,931 14,155  
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES          
Net Investment Securities Purchased but Not Settled     $ 6,007 $ 5,731