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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES          
Net Income     $ 15,041 $ 15,027  
Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities          
Net Amortization on Securities Available for Sale     1,136 1,225  
Net Gain on Sales of Securities Available for Sale $ (1,361) $ (463) (1,364) (458)  
Provision for Loan Losses 3,000 600 5,100 1,200  
Depreciation and Amortization of Premises and Equipment 193 207 380 417  
Amortization of Other Intangible Assets     96 95  
Amortization of Subordinated Debt Issuance Costs     52 51  
Stock-based Compensation     822 348  
Changes in Operating Assets and Liabilities:          
Accrued Interest Receivable and Other Assets     (8,074) (1,499)  
Accrued Interest Payable and Other Liabilities     (12,507) 3,870  
Net Cash Provided by Operating Activities     682 20,276  
CASH FLOWS FROM INVESTING ACTIVITIES          
(Increase) Decrease in Bank-owned Certificates of Deposit     (241) 606  
Proceeds from Sales of Securities Available for Sale 31,936 32,159 34,038 40,309  
Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale     17,312 15,741  
Purchases of Securities Available for Sale     (87,215) (37,618)  
Net Increase in Loans     (277,092) (120,232)  
Net Increase in FHLB Stock     (793) (450)  
Purchases of Premises and Equipment     (15,935) (5,966)  
Proceeds from Sales of Foreclosed Assets     134    
Net Cash Used in Investing Activities     (329,792) (107,610)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Increase in Deposits     418,741 138,331  
Net Decrease in Federal Funds Purchased       (18,000)  
Principal Payments on Notes Payable     (1,000) (1,000)  
Proceeds from FHLB Advances     96,000 22,500  
Principal Payments on FHLB Advances     (85,000) (4,000)  
Proceeds from Issuance of Subordinated Debentures     48,873    
Issuance of Subordinated Debt, net of Issuance Costs     48,873    
Stock Options Exercised     39 62  
Stock Repurchases     (2,050) (12,614)  
Net Cash Provided by Financing Activities     475,603 125,279  
NET CHANGE IN CASH AND CASH EQUIVALENTS     146,493 37,945  
Cash and Cash Equivalents Beginning     31,935 28,444 $ 28,444
Cash and Cash Equivalents Ending $ 178,428 $ 66,389 178,428 66,389 $ 31,935
SUPPLEMENTAL CASH FLOW DISCLOSURE          
Cash Paid for Interest     14,167 14,164  
Cash Paid for Income Taxes     4,243 2,600  
Loans Transferred to Foreclosed Assets     134 $ 1,033  
Premises and Equipment Transferred to Other Assets     121    
Net Investment Securities Sold but Not Settled     $ 1,433