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Note 17 - Stockholders' Equity | 6 Months Ended
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Jun. 30, 2024
Notes to Financial Statements |
Equity [Text Block] | 17. Stockholders’ Equity Total equity was $2.79 billion as of June 30, 2024, an increase of $56.7 million, from $2.74 billion as of December 31, 2023, primarily due to net income of $138.3 million, stock-based compensation of $2.2 million, and proceeds from dividend reinvestment of $1.5 million, and stock issued to directors of $850 thousand, offset by, common stock cash dividends of $49.5 million, purchase of treasury stock of $25.3 million, other comprehensive loss of $7.6 million, and shares withheld related to net share settlement of RSUs of $3.7 million. Activity in accumulated other comprehensive income/(loss), net of tax, and reclassification out of accumulated other comprehensive income/(loss) for the three and six months ended June 30, 2024, and June 30, 2023, was as follows:
|  | Three Months Ended June 30, 2024 |  |  | Three Months Ended June 30, 2023 |
|  | Pre-tax |  |  | Tax expense/ (benefit) |  |  | Net-of-tax |  |  | Pre-tax |  |  | Tax expense/ (benefit) |  |  | Net-of-tax |
|  | (In thousands) |
Beginning balance, gain/(loss), net of tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities AFS |  |  |  |  |  |  |  |  |  | $ | (92,612 | ) |  |  |  |  |  |  |  |  |  | $ | (93,173 | )
Cash flow hedge derivatives |  |  |  |  |  |  |  |  |  |  | 333 |  |  |  |  |  |  |  |  |  |  |  | 2,096 |
Total |  |  |  |  |  |  |  |  |  | $ | (92,279 | ) |  |  |  |  |  |  |  |  |  | $ | (91,077 | )
Net unrealized gains/(losses) arising during the period |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities AFS |  | $ | (636 | ) |  | $ | (188 | ) |  | $ | (448 | ) |  | $ | (10,691 | ) |  | $ | (3,160 | ) |  | $ | (7,531 | )
Cash flow hedge derivatives |  |  | (473 | ) |  |  | (140 | ) |  |  | (333 | ) |  |  | (626 | ) |  |  | (185 | ) |  |  | (441 | )
Total |  | $ | (1,109 | ) |  | $ | (328 | ) |  | $ | (781 | ) |  | $ | (11,317 | ) |  | $ | (3,345 | ) |  | $ | (7,972 | )
Reclassification adjustment for net losses in net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities AFS |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Cash flow hedge derivatives |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total other comprehensive income/(loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities AFS |  | $ | (636 | ) |  | $ | (188 | ) |  | $ | (448 | ) |  | $ | (10,691 | ) |  | $ | (3,160 | ) |  | $ | (7,531 | )
Cash flow hedge derivatives |  |  | (473 | ) |  |  | (140 | ) |  |  | (333 | ) |  |  | (626 | ) |  |  | (185 | ) |  |  | (441 | )
Total |  | $ | (1,109 | ) |  | $ | (328 | ) |  | $ | (781 | ) |  | $ | (11,317 | ) |  | $ | (3,345 | ) |  | $ | (7,972 | )
Ending balance, gain/(loss), net of tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities AFS |  |  |  |  |  |  |  |  |  | $ | (93,060 | ) |  |  |  |  |  |  |  |  |  | $ | (100,704 | )
Cash flow hedge derivatives |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  | 1,655 |
Total |  |  |  |  |  |  |  |  |  | $ | (93,060 | ) |  |  |  |  |  |  |  |  |  | $ | (99,049 | )
|  | Six Months Ended June 30, 2024 |  |  | Six Months Ended June 30, 2023 |
|  | Pre-tax |  |  | Tax expense/ (benefit) |  |  | Net-of-tax |  |  | Pre-tax |  |  | Tax expense/ (benefit) |  |  | Net-of-tax |
|  | (In thousands) |
Beginning balance, gain/(loss), net of tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities AFS |  |  |  |  |  |  |  |  |  | $ | (86,190 | ) |  |  |  |  |  |  |  |  |  | $ | (104,832 | )
Cash flow hedge derivatives |  |  |  |  |  |  |  |  |  |  | 774 |  |  |  |  |  |  |  |  |  |  |  | 2,537 |
Total |  |  |  |  |  |  |  |  |  | $ | (85,416 | ) |  |  |  |  |  |  |  |  |  | $ | (102,295 | )
Net unrealized gains/(losses) arising during the period |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities AFS |  | $ | (9,753 | ) |  | $ | (2,883 | ) |  | $ | (6,870 | ) |  | $ | 5,860 |  |  | $ | 1,732 |  |  | $ | 4,128 |
Cash flow hedge derivatives |  |  | (1,099 | ) |  |  | (325 | ) |  |  | (774 | ) |  |  | (1,252 | ) |  |  | (370 | ) |  |  | (882 | )
Total |  | $ | (10,852 | ) |  | $ | (3,208 | ) |  | $ | (7,644 | ) |  | $ | 4,608 |  |  | $ | 1,362 |  |  | $ | 3,246 |
Reclassification adjustment for net losses in net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities AFS |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Cash flow hedge derivatives |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total other comprehensive income/(loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities AFS |  | $ | (9,753 | ) |  | $ | (2,883 | ) |  | $ | (6,870 | ) |  | $ | 5,860 |  |  | $ | 1,732 |  |  | $ | 4,128 |
Cash flow hedge derivatives |  |  | (1,099 | ) |  |  | (325 | ) |  |  | (774 | ) |  |  | (1,252 | ) |  |  | (370 | ) |  |  | (882 | )
Total |  | $ | (10,852 | ) |  | $ | (3,208 | ) |  | $ | (7,644 | ) |  | $ | 4,608 |  |  | $ | 1,362 |  |  | $ | 3,246 |
Ending balance, gain/(loss), net of tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities AFS |  |  |  |  |  |  |  |  |  | $ | (93,060 | ) |  |  |  |  |  |  |  |  |  | $ | (100,704 | )
Cash flow hedge derivatives |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  | 1,655 |
Total |  |  |  |  |  |  |  |  |  | $ | (93,060 | ) |  |  |  |  |  |  |  |  |  | $ | (99,049 | )

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