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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Stockholders' Equity, Total
Total
Equity Balance at Dec. 31, 2020 $ 138 $ 35,004 $ 541,448 $ 53,151   $ 629,741  
Net income     38,982     38,982  
Stock issued under Stock Option Plan   1,876     $ 817 2,693  
Common dividends declared     (9,312)     (9,312)  
Other comprehensive loss       (10,912)   (10,912)  
Purchase of the Company's common stock         (7,460) (7,460)  
Reclassification of treasury stock per Maryland law (1)   (6,642)   6,643    
Equity Balance (CECL adoption) at Jun. 30, 2021     (14,175)     (14,175)  
Equity Balance at Jun. 30, 2021 137 36,880 550,301 42,239   629,557  
Equity Balance at Mar. 31, 2021 137 35,661 537,969 37,690   611,457  
Net income     20,114     20,114  
Stock issued under Stock Option Plan   1,219     554 1,773  
Common dividends declared     (4,656)     (4,656)  
Other comprehensive gain       4,549   4,549  
Purchase of the Company's common stock         (3,680) (3,680)  
Reclassification of treasury stock per Maryland law     (3,126)   3,126    
Equity Balance (CECL adoption) at Jun. 30, 2021     (14,175)     (14,175)  
Equity Balance at Jun. 30, 2021 137 36,880 550,301 42,239   629,557  
Equity Balance at Dec. 31, 2021 131 38,314 545,548 32,759   616,752  
Net income     35,211     35,211  
Stock issued under Stock Option Plan   2,251     1,418 3,669  
Common dividends declared     (9,549)     (9,549)  
Change in fair value of cash flow hedges       (8,783)   (8,783) $ (5,672)
Change in unrealized gain (loss) on held-to-maturity securities       249   249  
Change in unrealized loss on available-for-sale securities       (37,524)   (37,524)  
Purchase of the Company's common stock         (50,381) (50,381)  
Reclassification of treasury stock per Maryland law (8)   (48,955)   48,963    
Equity Balance at Jun. 30, 2022 123 40,565 522,255 (13,299)   549,644  
Equity Balance at Mar. 31, 2022 128 40,004 533,736 8,683   582,551  
Net income     18,224     18,224  
Stock issued under Stock Option Plan   561     303 864  
Common dividends declared     (4,951)     (4,951)  
Change in fair value of cash flow hedges       (4,153)   (4,153) $ (2,589)
Change in unrealized gain (loss) on held-to-maturity securities       (509)   (509)  
Change in unrealized loss on available-for-sale securities       (17,320)   (17,320)  
Purchase of the Company's common stock         (25,062) (25,062)  
Reclassification of treasury stock per Maryland law (5)   (24,754)   $ 24,759    
Equity Balance at Jun. 30, 2022 $ 123 $ 40,565 $ 522,255 $ (13,299)   $ 549,644