v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES          
Net Income     $ 31,413 $ 21,153  
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:          
Net Amortization on Securities Available for Sale     (2,034) (1,394)  
Net Gain on Sales of Securities Available for Sale   $ (474) (7,251) (475)  
Provision for Credit Losses on Loans $ 550 2,000 1,900 3,500  
Recovery of Off-Balance Sheet Exposures     (150)    
Loan Discount Accretion     (495) (767)  
Depreciation of Premises and Equipment     1,310 1,256  
Amortization of Other Intangible Assets 227 230 453 460  
Amortization of Right-of Use Asset     281 280  
Cash Surrender Value of Bank-Owned Life Insurance     (898) (767)  
Amortization of Subordinated Debt Issuance Costs     205 171  
Stock-based Compensation     2,426 2,039  
Deferred Income Taxes     (303) (1,561)  
Remeasurement of Interest Rate Swap     140    
Changes in Operating Assets and Liabilities:          
Accrued Interest Receivable and Other Assets     (2,724) 833  
Accrued Interest Payable and Other Liabilities     1,676 (14,036)  
Net Cash Provided by Operating Activities     25,949 10,692  
CASH FLOWS FROM INVESTING ACTIVITIES          
Decrease in Bank-Owned Certificates of Deposit       480  
Proceeds from Sales of Securities Available for Sale   58,503 208,501 59,595  
Proceeds from Termination of Interest Rate Swaps     10,403    
Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale     57,259 50,531  
Purchases of Securities Available for Sale     (90,964) (73,642)  
Net Increase in Loans     (117,799) (275,886)  
Purchase of FHLB Stock     (47,729) (2,175)  
Redemption of FHLB Stock     50,872    
Purchases of Premises and Equipment     (2,464) (1,702)  
Redemption of Bank-owned Life Insurance     1,803    
Net Cash Provided (Used) by Investing Activities     69,882 (242,799)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Net Increase in Deposits     25,835 149,975  
Proceeds from FHLB Advances     490,000 633,500  
Principal Payments on FHLB Advances     (563,500) (588,500)  
Issuance of Subordinated Debt, net of Issuance Costs       78,828  
Redemption of Subordinated Debt, net of Issuance Costs       (49,980)  
Preferred Stock Dividends Paid     (2,027) (2,027)  
Stock Options Exercised     1,174 365  
Stock Repurchases     (700) (2,191)  
Shares Repurchased for Tax Withholdings Upon Vesting of Restricted Stock-Based Awards     (218) (128)  
Shares Repurchased for Tax Withholdings Upon Exercise Stock Options     (100)    
Net Cash Provided (Used) by Financing Activities     (49,536) 219,842  
NET CHANGE IN CASH AND CASH EQUIVALENTS     46,295 (12,265)  
Cash and Cash Equivalents Beginning     123,511 229,760 $ 229,760
Cash and Cash Equivalents Ending $ 169,806 $ 217,495 169,806 217,495 $ 123,511
SUPPLEMENTAL CASH FLOW DISCLOSURE          
Cash Paid for Interest     67,865 71,973  
Cash Paid for Income Taxes     $ 8,221 5,883  
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES          
Loans Transferred to Foreclosed Assets       $ 185