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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, 2022 $ 122 $ 42,445 $ 543,875 $ (53,355)   $ 533,087
Net income     38,776     38,776
Stock issued under Stock Option Plan   847     $ 204 1,051
Common cash dividends declared     (9,641)     (9,641)
Change in fair value of cash flow hedges       (2,884)   (2,884)
Change in unrealized loss on held-to-maturity securities       (54)   (54)
Change in unrealized (loss) gain on available-for-sale securities       283   283
Purchase of the Company's common stock         (14,289) (14,289)
Reclassification of treasury stock per Maryland law (2)   (14,083)   14,085  
Balance at ending of period at Jun. 30, 2023 120 43,292 558,927 (56,010)   546,329
Balance at beginning of period at Mar. 31, 2023 121 42,870 553,948 (41,428)   555,511
Net income     18,320     18,320
Stock issued under Stock Option Plan   422     159 581
Common cash dividends declared     (4,788)     (4,788)
Change in fair value of cash flow hedges       (7,913)   (7,913)
Change in unrealized loss on held-to-maturity securities       (37)   (37)
Change in unrealized (loss) gain on available-for-sale securities       (6,632)   (6,632)
Purchase of the Company's common stock         (8,713) (8,713)
Reclassification of treasury stock per Maryland law (1)   (8,553)   8,554  
Balance at ending of period at Jun. 30, 2023 120 43,292 558,927 (56,010)   546,329
Balance at beginning of period at Dec. 31, 2023 118 44,320 569,872 (42,481)   571,829
Net income     30,395     30,395
Stock issued under Stock Option Plan   1,001     428 1,429
Common cash dividends declared     (9,313)     (9,313)
Change in fair value of cash flow hedges       (6,102)   (6,102)
Change in unrealized loss on held-to-maturity securities       (73)   (73)
Change in unrealized (loss) gain on available-for-sale securities       (6,789)   (6,789)
Purchase of the Company's common stock         (12,361) (12,361)
Reclassification of treasury stock per Maryland law (2)   (11,931)   11,933  
Balance at ending of period (Accounting Standards Update 2023-02) at Jun. 30, 2024     (223)     (223)
Balance at ending of period at Jun. 30, 2024 116 45,321 578,800 (55,445)   568,792
Balance at beginning of period at Mar. 31, 2024 117 44,807 572,747 (52,509)   565,162
Net income     16,988     16,988
Stock issued under Stock Option Plan   514     224 738
Common cash dividends declared     (4,634)     (4,634)
Change in fair value of cash flow hedges       (1,570)   (1,570)
Change in unrealized loss on held-to-maturity securities       (37)   (37)
Change in unrealized (loss) gain on available-for-sale securities       (1,329)   (1,329)
Purchase of the Company's common stock         (6,526) (6,526)
Reclassification of treasury stock per Maryland law (1)   (6,301)   $ 6,302  
Balance at ending of period (Accounting Standards Update 2023-02) at Jun. 30, 2024     (223)     (223)
Balance at ending of period at Jun. 30, 2024 $ 116 $ 45,321 $ 578,800 $ (55,445)   $ 568,792