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Consolidated Statements of Changes in Shareholders Equity - USD ($)
$ in Thousands
Common Stock
Additional Paid-in Capital
Retained Earnings
Cumulative effect of accounting changes from adoption
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Cumulative effect of accounting changes from adoption
Total
Beginning balance at Dec. 31, 2017 $ 257 $ 343,249   $ 118,353 $ (15,256) $ (389)   $ 446,214
Beginning balance, shares at Dec. 31, 2017 25,731,504       (898,272)      
Net income       47,289       47,289
Dividends on common stock, $0.20, $0.40 and $0.40 per share for the year ended December 31, 2018, 2019 and 2020, respectively       (5,016)       (5,016)
Stock-based compensation expense   1,601           1,601
Vesting of restricted stock, net of shares withheld for employee tax liabilities $ 1 (172)           (171)
Vesting of restricted stock, net of shares withheld for employee tax liabilities (in shares) 46,189              
Other comprehensive income (loss), net of tax           (2,586)   (2,586)
Exercise of stock options   (181)     $ 475     294
Exercise of stock options (in shares)         28,000      
Ending balance at Dec. 31, 2018 $ 258 344,497   160,626 $ (14,781) (2,975)   487,625
Ending balance, shares at Dec. 31, 2018 25,777,693       (870,272)      
Net income       50,517       50,517
Dividends on common stock, $0.20, $0.40 and $0.40 per share for the year ended December 31, 2018, 2019 and 2020, respectively       (10,063)       (10,063)
Stock-based compensation expense   2,402           2,402
Vesting of restricted stock, net of shares withheld for employee tax liabilities   (239)           (239)
Vesting of restricted stock, net of shares withheld for employee tax liabilities (in shares) 59,455              
Shares repurchased   (3)           (3)
Shares repurchased, Shares (100)              
Other comprehensive income (loss), net of tax           5,361   5,361
Exercise of stock options   (98)     $ 219     121
Exercise of stock options (in shares)         12,926      
Ending balance at Dec. 31, 2019 $ 258 346,559   201,080 $ (14,562) 2,386   535,721
Ending balance, shares at Dec. 31, 2019 25,837,048       (857,346)      
Net income       26,361       26,361
Dividends on common stock, $0.20, $0.40 and $0.40 per share for the year ended December 31, 2018, 2019 and 2020, respectively       (9,940)       (9,940)
Stock-based compensation expense   1,935           1,935
Vesting of restricted stock, net of shares withheld for employee tax liabilities $ 1 (199)           (198)
Vesting of restricted stock, net of shares withheld for employee tax liabilities (in shares) 53,582              
Exercise of stock options, net of shares withheld for employee tax liabilities   (60)     $ 193     133
Exercise of stock options, net of shares withheld for employee tax liabilities (in shares)         11,358      
Shares repurchased $ (4) (8,901)           (8,905)
Shares repurchased, Shares (431,814)              
Other comprehensive income (loss), net of tax           4,389   4,389
Ending balance at Dec. 31, 2020 $ 255 $ 339,334   $ 214,456 $ (14,369) $ 6,775   $ 546,451
Ending balance, shares at Dec. 31, 2020 25,458,816       (845,988)      
CECL implementation, net of deferred tax asset     $ (3,045)       $ (3,045)