XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES          
Net Income     $ 15,946 $ 21,458  
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:          
Net Amortization on Securities Available for Sale     (647) 212  
Net (Gain) Loss on Sales of Securities Available for Sale $ (320) $ (50) (413) 6  
Provision for Credit Losses on Loans 600 550 1,450 2,050  
Credit for Off-Balance Sheet Exposures   (500) (100) (1,375)  
Depreciation of Premises and Equipment     1,178 1,283  
Amortization of Other Intangible Assets 8 34 17 82  
Amortization of Right-of Use Asset     117 251  
Amortization of Subordinated Debt Issuance Costs     191 191  
Stock-based Compensation     2,071 1,913  
Changes in Operating Assets and Liabilities:          
Accrued Interest Receivable and Other Assets     1,548 (6,547)  
Accrued Interest Payable and Other Liabilities     (3,573) 3,192  
Net Cash Provided by Operating Activities     17,785 22,716  
CASH FLOWS FROM INVESTING ACTIVITIES          
Increase in Bank-Owned Certificates of Deposit       (44)  
Proceeds from Sales of Securities Available for Sale 38,049 7,017 50,833 26,976  
Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale     22,612 14,118  
Purchases of Securities Available for Sale     (68,348) (35,099)  
Net Increase in Loans     (76,457) (167,076)  
Net Decrease (Increase) in FHLB Stock     1,253 (1,951)  
Purchases of Premises and Equipment     (194) (2,548)  
Net Cash Used in Investing Activities     (70,301) (165,624)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Net Increase in Deposits     97,764 161,389  
Net Decrease in Federal Funds Purchased       (92,000)  
Proceeds from FHLB Advances     421,000 318,500  
Principal Payments on FHLB Advances     (453,500) (153,500)  
Preferred Stock Dividends Paid     (2,027) (2,027)  
Stock Options Exercised     69 627  
Stock Repurchases     (5,177)    
Shares Repurchased for Tax Withholdings Upon Vesting of Restricted Stock-Based Awards     (82) (23)  
Net Cash Provided by Financing Activities     58,047 232,966  
NET CHANGE IN CASH AND CASH EQUIVALENTS     5,531 90,058  
Cash and Cash Equivalents Beginning     128,562 87,043 $ 87,043
Cash and Cash Equivalents Ending $ 134,093 $ 177,101 134,093 177,101 $ 128,562
SUPPLEMENTAL CASH FLOW DISCLOSURE          
Cash Paid for Interest     71,012 28,795  
Cash Paid for Income Taxes     $ 2,628 $ 5,091