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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income $ 39,960 $ 53,392 $ 45,687
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Net Amortization on Securities Available for Sale 10 1,867 3,362
Net (Gain) Loss on Sales of Securities Available for Sale 33 (82) (750)
Provision for Credit Losses on Loans 2,050 7,700 5,150
Credit for Off-Balance Sheet Exposures (2,225)    
Depreciation of Premises and Equipment 2,509 2,565 2,369
Loss on Disposal of Premises and Equipment 20 18  
Amortization of Other Intangible Assets 100 191 191
Amortization of Right-of Use Asset 534 497  
Amortization of Subordinated Debt Issuance Costs 383 416 441
Stock-based Compensation 3,954 3,340 2,426
Deferred Income Taxes 676 (1,401) (4,522)
Changes in Operating Assets and Liabilities:      
Accrued Interest Receivable and Other Assets (21,894) (14,080) (4,064)
Accrued Interest Payable and Other Liabilities 3,905 30,576 3,946
Net Cash Provided by Operating Activities 30,015 84,999 54,236
CASH FLOWS FROM INVESTING ACTIVITIES      
Decrease in Bank-Owned Certificates of Deposit 1,181 695 984
Proceeds from Sales of Securities Available for Sale 28,756 64,439 11,877
Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale 32,747 38,226 44,235
Purchases of Securities Available for Sale (113,648) (268,259) (109,898)
Net Increase in Loans (157,874) (749,940) (492,631)
Net (Increase) Decrease in FHLB Stock 2,509 (14,364) (215)
Purchases of Premises and Equipment (2,970) (1,633) (777)
Proceeds from Sales of Foreclosed Assets 116    
Purchase of Bank-Owned Life Insurance   (7,407) (25,000)
Net Cash Used in Investing Activities (209,183) (938,243) (571,425)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net Increase in Deposits 293,405 470,306 444,601
Net Increase (Decrease) in Federal Funds Purchased (287,000) 287,000  
Principal Proceeds (Payments) on Notes Payable   13,750 (11,000)
Proceeds from FHLB Advances 679,500 158,000  
Principal Payments on FHLB Advances (457,000) (103,500) (15,000)
Issuance of Preferred Stock, net of Issuance Costs     66,514
Preferred Stock Dividends Paid (4,054) (4,054) (1,171)
Issuance of Subordinated Debt, net of Issuance Costs     29,309
Redemption of Subordinated Debt   (13,750) (11,250)
Stock Options Exercised 963 577 724
Stock Repurchases (4,541) (10,778) (2,301)
Forfeiture of Restricted Stock Awards   (2)  
Shares Repurchased for Tax Withholdings Upon Vesting of Restricted Stock-Based Awards (457) (620) (439)
Shares Repurchased for Tax Withholdings Upon Exercise of Stock Options (129) (115)  
Net Cash Provided by Financing Activities 220,687 796,814 499,987
NET CHANGE IN CASH AND CASH EQUIVALENTS 41,519 (56,430) (17,202)
Cash and Cash Equivalents Beginning 87,043 143,473 160,675
Cash and Cash Equivalents Ending 128,562 87,043 143,473
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Cash Paid for Interest 114,347 32,159 19,135
Cash Paid for Income Taxes 10,388 20,565 $ 19,376
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Net Investment Securities Purchased but Not Settled   $ 2,438  
Loans Transferred to Foreclosed Assets $ 116