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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES          
Net Income     $ 39,657 $ 33,173  
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:          
Net Amortization on Securities Available for Sale     1,712 2,567  
Net Gain on Sales of Securities Available for Sale   $ (48) (52) (750)  
Provision for Loan Losses $ 1,500 1,300 6,200 4,000  
Depreciation of Premises and Equipment     1,911 1,755  
Amortization of Other Intangible Assets     143 143  
Amortization of Subordinated Debt Issuance Costs     320 299  
Stock-based Compensation     2,557 1,765  
Changes in Operating Assets and Liabilities:          
Accrued Interest Receivable and Other Assets     (7,859) (6,957)  
Accrued Interest Payable and Other Liabilities     35,780 7,876  
Net Cash Provided by Operating Activities     80,369 43,871  
CASH FLOWS FROM INVESTING ACTIVITIES          
Decrease in Bank-Owned Certificates of Deposit     694 983  
Proceeds from Sales of Securities Available for Sale   4,119 25,066 11,877  
Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale     30,253 33,250  
Purchases of Securities Available for Sale     (210,432) (64,669)  
Net Increase in Loans     (560,786) (384,476)  
Net Increase in FHLB Stock     (10,361) (415)  
Purchases of Premises and Equipment     (1,457) (571)  
Purchase of Bank-Owned Life Insurance     (7,407) (25,166)  
Net Cash Used in Investing Activities     (734,430) (429,187)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Net Increase in Deposits     358,837 352,521  
Net Increase in Federal Funds Purchased     212,000    
Principal Payments on Notes Payable       (11,000)  
Proceeds from FHLB Advances     29,000    
Principal Payments on FHLB Advances       (10,000)  
Issuance of Preferred Stock, net of Issuance Costs       66,515  
Preferred Stock Dividends Paid     (3,040)    
Issuance of Subordinated Debt, net of Issuance Costs       29,365  
Redemption of Subordinated Debt       (11,250)  
Stock Options Exercised     106 243  
Stock Repurchases     (10,778) (2,246)  
Forfeiture of Restricted Stock Awards     (3)    
Shares Repurchased for Tax Withholdings Upon Vesting of Restricted Stock-Based Awards     (38) (5)  
Net Cash Provided by Financing Activities     586,084 414,143  
NET CHANGE IN CASH AND CASH EQUIVALENTS     (67,977) 28,827  
Cash and Cash Equivalents Beginning     143,473 160,675 $ 160,675
Cash and Cash Equivalents Ending $ 75,496 $ 189,502 75,496 189,502 $ 143,473
SUPPLEMENTAL CASH FLOW DISCLOSURE          
Cash Paid for Interest     16,905 14,408  
Cash Paid for Income Taxes     14,155 15,176  
Net Investment Securities Purchased but Not Settled     $ 5,731 $ 5,432