XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2
UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Preferred stock
Common stock
Additional paid-in capital
Legal surplus
Retained earnings
Treasury stock
Accumulated other comprehensive (loss) income, net of tax
Balance at beginning of period at Dec. 31, 2020   $ 92,000   $ 622,652 $ 103,269 $ 300,096 $ (102,949) $ 11,022
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Redemption of preferred stock   (68,000)            
Stock-based compensation expense       3,614        
Lapsed restricted stock units       (1,948)     2,230  
Redemption of preferred stock, issuance costs       2,677   (2,677)    
Transfer from retained earnings         6,966      
Net income $ 71,200         71,200    
Cash dividends declared on common stock [1]           (8,397)    
Cash dividends declared on preferred stock           (1,255)    
Transfer to legal surplus           (6,966)    
Stock repurchased 0              
Other comprehensive (loss) income, net of tax (3,422)             (3,422)
Balance at end of period at Jun. 30, 2021 1,079,997 24,000 $ 59,885 626,995 110,235 352,001 (100,719) 7,600
Balance at beginning of period at Mar. 31, 2021   92,000   622,935 106,165 322,202 (100,994) 6,230
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Redemption of preferred stock   (68,000)            
Stock-based compensation expense       1,405        
Lapsed restricted stock units       (22)     275  
Redemption of preferred stock, issuance costs       2,677   (2,677)    
Transfer from retained earnings         4,070      
Net income 40,827         40,827    
Cash dividends declared on common stock [1]           (4,281)    
Transfer to legal surplus           (4,070)    
Other comprehensive (loss) income, net of tax 1,370             1,370
Balance at end of period at Jun. 30, 2021 1,079,997 $ 24,000 59,885 626,995 110,235 352,001 (100,719) 7,600
Balance at beginning of period at Dec. 31, 2021 1,069,160     637,061 117,677 399,949 (150,572) 5,160
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Stock-based compensation expense       2,004        
Lapsed restricted stock units       (4,453)     3,544  
Transfer from retained earnings         7,688      
Net income 77,953         77,953    
Cash dividends declared on common stock [1]           (14,624)    
Transfer to legal surplus           (7,688)    
Stock repurchased (64,110)           (64,110)  
Other comprehensive (loss) income, net of tax (54,662)             (54,662)
Balance at end of period at Jun. 30, 2022 1,014,812   59,885 634,612 125,365 455,590 (211,138) (49,502)
Balance at beginning of period at Mar. 31, 2022       633,796 121,389 426,320 (180,717) (20,638)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Stock-based compensation expense       1,031        
Lapsed restricted stock units       (215)     211  
Redemption of preferred stock, issuance costs           0    
Transfer from retained earnings         3,976      
Net income 40,432         40,432    
Cash dividends declared on common stock [1]           (7,186)    
Transfer to legal surplus           (3,976)    
Stock repurchased             (30,632)  
Other comprehensive (loss) income, net of tax (28,864)             (28,864)
Balance at end of period at Jun. 30, 2022 $ 1,014,812   $ 59,885 $ 634,612 $ 125,365 $ 455,590 $ (211,138) $ (49,502)
[1] Dividends declared per common share during the quarter ended June 30, 2022 - $0.15 (June 30, 2021 - $0.08). Dividends declared per common share during the six-month period ended June 30, 2022 - $0.30 (June 30, 2021 - $0.16).