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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, 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 [1]     (18,851)     (18,851)
Purchase of the Company's common stock         (39,123) (39,123)
Other comprehensive income (loss)       (20,392)   (20,392)
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 [2]     (19,347)     (19,347)
Purchase of the Company's common stock         (61,847) (61,847)
Other comprehensive income (loss)       (86,114)   (86,114)
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
Net income     67,800     67,800
Stock issued under Stock Option Plan   1,875     630 2,505
Common cash dividends declared [3]     (19,111)     (19,111)
Purchase of the Company's common stock         (23,326) (23,326)
Other comprehensive income (loss)       10,874   10,874
Reclassification of treasury stock per Maryland law (4)   (22,692)   $ 22,696  
Balance at ending of period at Dec. 31, 2023 $ 118 $ 44,320 $ 569,872 $ (42,481)   $ 571,829
[1] $1.40 per share total dividends.
[2] $1.56 per share total dividends.
[3] $1.60 per share total dividends.