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CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Impact of adoption of new accounting standard, net of taxes
[1]
Common Stock
Retained Earnings
Retained Earnings
Impact of adoption of new accounting standard, net of taxes
[1]
Accumulated Other Comprehensive (Loss) Income
Treasury Stock
Balance at beginning of period at Dec. 31, 2019 $ 594,393 $ (3,709) $ 420,876 $ 187,149 $ (3,709) $ (1,425) $ (12,207)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 34,767     34,767      
Other comprehensive income (loss), net of tax 2,761         2,761  
Cash dividends declared (27,516)     (27,516)      
Reissuance of treasury stock for common share awards 0   (2,729)       2,729
Reissuance of treasury stock for deferred compensation plan for Boards of Directors 59           59
Repurchase of treasury stock in connection with employee incentive plan and under compensation plan for Boards of Directors (1,128)           (1,128)
Common shares repurchased under share repurchase program (29,281)           (29,281)
Common shares issued under dividend reinvestment plan 799   799        
Common shares issued under compensation plan for Boards of Directors 377   17       360
Common shares issued under performance unit awards, net of tax 179   41       138
Stock-based compensation 3,556   3,556        
Common shares issued under employee stock purchase plan 416   (24)       440
Balance at end of period at Dec. 31, 2020 575,673   422,536 190,691   1,336 (38,890)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 47,555     47,555      
Other comprehensive income (loss), net of tax (12,955)         (12,955)  
Cash dividends declared (31,170)     (31,170)      
Reissuance of treasury stock for common share awards 0   (2,740)       2,740
Reissuance of treasury stock for deferred compensation plan for Boards of Directors 74           74
Repurchase of treasury stock in connection with employee incentive plan and under compensation plan for Boards of Directors (1,306)           (1,306)
Common shares issued under dividend reinvestment plan 910   910        
Common shares issued under compensation plan for Boards of Directors 374   98       276
Stock-based compensation 3,436   3,436        
Common shares issued under employee stock purchase plan 535   143       392
Issuance of common shares related to the Premier Merger 261,899   261,899        
Balance at end of period at Dec. 31, 2021 845,025   686,282 207,076   (11,619) (36,714)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 101,292     101,292      
Other comprehensive income (loss), net of tax (115,517)         (115,517)  
Cash dividends declared (42,432)     (42,432)      
Reissuance of treasury stock for common share awards 0   (4,989)       4,989
Reissuance of treasury stock for deferred compensation plan for Boards of Directors 78           78
Repurchase of treasury stock in connection with employee incentive plan and under compensation plan for Boards of Directors (1,745)           (1,745)
Common shares repurchased under share repurchase program (7,407)           (7,407)
Common shares issued under dividend reinvestment plan 1,272   1,272        
Common shares issued under compensation plan for Boards of Directors 506   83       423
Stock-based compensation 3,707   3,707        
Common shares issued under employee stock purchase plan 549   95       454
Balance at end of period at Dec. 31, 2022 $ 785,328   $ 686,450 $ 265,936   $ (127,136) $ (39,922)
[1] On January 1, 2020, Peoples adopted ASU 2016-13, which resulted in a reduction to retained earnings of $3.7 million, net of statutory federal corporate income tax.