v3.25.2
Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES          
Net Income     $ 21,153,000 $ 15,946,000  
Adjustments to Reconcile Net Income to Net Cash          
Net Amortization on Securities Available for Sale     (1,394,000) (647,000)  
Net Gain on Sales of Securities Available for Sale $ (474,000) $ (320,000) (475,000) (413,000)  
Provision for Credit Losses on Loans 2,000,000 600,000 3,500,000 1,450,000  
Credit for Credit Losses on Off-Balance Sheet Exposures       (100,000)  
Depreciation of Premises and Equipment     1,256,000 1,178,000  
Amortization of Other Intangible Assets 230,000 8,000 460,000 17,000  
Amortization of Right-of Use Asset     280,000 117,000  
Cash Surrender Value of Bank-Owned Life Insurance     (767,000) (613,000)  
Amortization of Subordinated Debt Issuance Costs     171,000 191,000  
Stock-based Compensation     2,039,000 2,071,000  
Deferred Income Taxes     (1,561,000) (591,000)  
Changes in Operating Assets and Liabilities:          
Accrued Interest Receivable and Other Assets     833,000 2,752,000  
Accrued Interest Payable and Other Liabilities     (14,036,000) (3,573,000)  
Net Cash Provided by Operating Activities     11,459,000 17,785,000  
CASH FLOWS FROM INVESTING ACTIVITIES          
Decrease in Bank-Owned Certificates of Deposit     480,000    
Proceeds from Sales of Securities Available for Sale 58,503,000 38,049,000 59,595,000 50,833,000  
Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale     50,531,000 22,612,000  
Purchases of Securities Available for Sale     (73,642,000) (68,348,000)  
Net Increase in Loans     (276,653,000) (76,457,000)  
Net Decrease (Increase) in FHLB Stock     (2,175,000) 1,253,000  
Purchases of Premises and Equipment     (1,702,000) (194,000)  
Net Cash Used in Investing Activities     (243,566,000) (70,301,000)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Net Increase in Deposits     149,975,000 97,764,000  
Proceeds from FHLB Advances     633,500,000 421,000,000  
Principal Payments on FHLB Advances     (588,500,000) (453,500,000)  
Issuance of Subordinated Debt, net of Issuance Costs     78,828,000    
Redemption of Subordinated Debt. net of Issuance Costs     (49,980,000)    
Preferred Stock Dividends Paid     (2,027,000) (2,027,000)  
Stock Options Exercised     365,000 69,000  
Stock Repurchases     (2,191,000) (5,177,000)  
Shares Repurchased for Tax Withholdings Upon Vesting of Restricted Stock-Based Awards     (128,000) (82,000)  
Net Cash Provided by Financing Activities     219,842,000 58,047,000  
NET CHANGE IN CASH AND CASH EQUIVALENTS     (12,265,000) 5,531,000  
Cash and Cash Equivalents Beginning     229,760,000 128,562,000 $ 128,562,000
Cash and Cash Equivalents Ending $ 217,495,000 $ 134,093,000 217,495,000 134,093,000 $ 229,760,000
SUPPLEMENTAL CASH FLOW DISCLOSURE          
Cash Paid for Interest     71,973,000 71,012,000  
Federal     3,400,000 1,250,000  
Total Cash Paid for Income Taxes     5,883,000 2,628,000  
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES          
Loans Transferred to Foreclosed Assets     185,000    
Minnesota          
SUPPLEMENTAL CASH FLOW DISCLOSURE          
Income tax paid, State and Local, after refund received     2,400,000 1,300,000  
Other States          
SUPPLEMENTAL CASH FLOW DISCLOSURE          
Income tax paid, State and Local, after refund received     $ 83,000 $ 78,000