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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Capital Surplus
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Balance (in shares) at Dec. 31, 2021   28,845,903      
Balance at Dec. 31, 2021 $ 816,468 $ 289 $ 530,845 $ 267,092 $ 18,242
Net income 35,094     35,094  
Other comprehensive income (loss) (133,709)       (133,709)
Cash dividends declared (5,709)     (5,709)  
Common stock issued in connection with the exercise of stock options and restricted stock awards (in shares)   90,796      
Common stock issued in connection with the exercise of stock options and restricted stock awards 985 $ 1 984    
Repurchase of common stock (in shares)   (350,273)      
Repurchase of common stock (9,690) $ (4) (9,686)    
Stock-based compensation expense 1,890   1,890    
Balance (in shares) at Jun. 30, 2022   28,586,426      
Balance at Jun. 30, 2022 705,329 $ 286 524,033 296,477 (115,467)
Balance (in shares) at Mar. 31, 2022   28,903,910      
Balance at Mar. 31, 2022 751,940 $ 290 532,372 282,896 (63,618)
Net income 16,437     16,437  
Other comprehensive income (loss) (51,849)       (51,849)
Cash dividends declared (2,856)     (2,856)  
Common stock issued in connection with the exercise of stock options and restricted stock awards (in shares)   32,789      
Common stock issued in connection with the exercise of stock options and restricted stock awards 416   416    
Repurchase of common stock (in shares)   (350,273)      
Repurchase of common stock (9,690) $ (4) (9,686)    
Stock-based compensation expense 931   931    
Balance (in shares) at Jun. 30, 2022   28,586,426      
Balance at Jun. 30, 2022 705,329 $ 286 524,033 296,477 (115,467)
Balance (in shares) at Dec. 31, 2022   52,954,985      
Balance at Dec. 31, 2022 1,383,176 $ 530 1,222,761 303,146 (143,261)
Net income 72,323     72,323  
Other comprehensive income (loss) 11,257       11,257
Cash dividends declared (13,850)     (13,850)  
Common stock issued in connection with the exercise of stock options and restricted stock awards (in shares)   347,749      
Common stock issued in connection with the exercise of stock options and restricted stock awards 351 $ 3 348    
Stock-based compensation expense 5,423   5,423    
Balance (in shares) at Jun. 30, 2023   53,302,734      
Balance at Jun. 30, 2023 1,458,680 $ 533 1,228,532 361,619 (132,004)
Balance (in shares) at Mar. 31, 2023   53,296,038      
Balance at Mar. 31, 2023 1,446,216 $ 533 1,225,596 333,368 (113,281)
Net income 35,175     35,175  
Other comprehensive income (loss) (18,723)       (18,723)
Cash dividends declared (6,924)     (6,924)  
Common stock issued in connection with the exercise of stock options and restricted stock awards (in shares)   6,696      
Common stock issued in connection with the exercise of stock options and restricted stock awards 94   94    
Stock-based compensation expense 2,842   2,842    
Balance (in shares) at Jun. 30, 2023   53,302,734      
Balance at Jun. 30, 2023 $ 1,458,680 $ 533 $ 1,228,532 $ 361,619 $ (132,004)