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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES          
Net Income     $ 24,621 $ 31,087  
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:          
Net Amortization on Securities Available for Sale     (1,064) 196  
Net (Gain) Loss on Sales of Securities Available for Sale $ 28   (385) 6  
Provision for Credit Losses on Loans     1,450 2,050  
Credit for Credit Losses on Off-Balance Sheet Exposures   $ (600) (100) (1,975)  
Depreciation of Premises and Equipment     1,767 1,901  
Amortization of Other Intangible Assets 9 9 26 91  
Amortization of Right-of Use Asset     117 396  
Amortization of Subordinated Debt Issuance Costs     286 287  
Stock-based Compensation     2,994 2,910  
Changes in Operating Assets and Liabilities:          
Accrued Interest Receivable and Other Assets     (2,530) (8,923)  
Accrued Interest Payable and Other Liabilities     (15,383) 10,457  
Net Cash Provided by Operating Activities     11,799 38,483  
CASH FLOWS FROM INVESTING ACTIVITIES          
Increase in Bank-Owned Certificates of Deposit       (44)  
Proceeds from Sales of Securities Available for Sale 50,779   101,612 26,976  
Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale     45,219 23,812  
Purchases of Securities Available for Sale     (189,344) (63,777)  
Net Decrease (Increase) in Loans     36,464 (155,123)  
Net Decrease (Increase) in FHLB Stock     (1,529) 2,550  
Purchases of Premises and Equipment     (658) (2,787)  
Proceeds from Sales of Foreclosed Assets       116  
Net Cash Used in Investing Activities     (8,236) (168,277)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Net Increase in Deposits     37,494 258,966  
Net Decrease in Federal Funds Purchased       (287,000)  
Proceeds from FHLB Advances     699,000 486,500  
Principal Payments on FHLB Advances     (669,000) (289,000)  
Preferred Stock Dividends Paid     (3,040) (3,040)  
Stock Options Exercised     587 717  
Stock Repurchases     (5,177)    
Shares Repurchased for Tax Withholdings Upon Vesting of Restricted Stock-Based Awards     (94) (34)  
Shares Repurchased for Tax Withholdings Upon Exercise Stock Options     (36)    
Net Cash Provided by Financing Activities     59,734 167,109  
NET CHANGE IN CASH AND CASH EQUIVALENTS     63,297 37,315  
Cash and Cash Equivalents Beginning     128,562 87,043 $ 87,043
Cash and Cash Equivalents Ending $ 191,859 $ 124,358 191,859 124,358 $ 128,562
SUPPLEMENTAL CASH FLOW DISCLOSURE          
Cash Paid for Interest     108,886 82,670  
Cash Paid for Income Taxes     5,485 8,931  
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES          
Net Investment Securities Sold but Not Settled       $ 6,007  
Loans Transferred to Foreclosed Assets     $ 434