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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
Total
Balance at beginning of period at Dec. 31, 2019 $ 143 $ 33,510 $ 537,167 $ 32,246   $ 603,066
Net income     59,313     59,313
Stock issued under Stock Option Plan   1,494     $ 320 1,814
Common cash dividends declared [1]     (33,253)     (33,253)
Other comprehensive gain (loss)       20,905   20,905
Purchase of the Company's common stock         (22,104) (22,104)
Reclassification of treasury stock per Maryland law (5)   (21,779)   21,784  
Balance at ending of period at Dec. 31, 2020 138 35,004 541,448 53,151   629,741
Net income     74,627     74,627
Stock issued under Stock Option Plan   3,310     1,615 4,925
Common cash dividends declared [2]     (18,851)     (18,851)
Other comprehensive gain (loss)       (20,392)   (20,392)
Purchase of the Company's common stock         (39,123) (39,123)
Reclassification of treasury stock per Maryland law (7)   (37,501)   37,508  
Balance at ending of period (CECL adoption) at Dec. 31, 2021     (14,175)     (14,175)
Balance at ending of period at Dec. 31, 2021 131 38,314 545,548 32,759   616,752
Net income     75,948     75,948
Stock issued under Stock Option Plan   4,131     3,564 7,695
Common cash dividends declared [3]     (19,347)     (19,347)
Other comprehensive gain (loss)       (86,114)   (86,114)
Purchase of the Company's common stock         (61,847) (61,847)
Reclassification of treasury stock per Maryland law (9)   (58,274)   $ 58,283  
Balance at ending of period at Dec. 31, 2022 $ 122 $ 42,445 $ 543,875 $ (53,355)   $ 533,087
[1] $2.36 per share total dividends.
[2] $1.40 per share total dividends.
[3] $1.56 per share total dividends.