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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Preferred stock
Common stock
Additional paid-in capital
Legal surplus
Retained earnings
Retained earnings
Impact of ASC 326 adoption
Retained earnings
Cumulative effect, adjusted balance
Treasury stock
Accumulated other comprehensive (loss) income, net of tax
Balance at beginning of year at Dec. 31, 2019   $ 92,000   $ 621,515 $ 95,779 $ 279,646   $ 254,152 $ (102,339) $ (1,008)
Balance at beginning of year (Topic 326 adoption) at Dec. 31, 2019             $ (25,494)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Stock-based compensation expense       2,170            
Lapsed restricted stock units       (1,033)         1,616  
Transfer from retained earnings         7,490          
Net income $ 74,327         74,327        
Cash dividends declared on common stock [1]           (14,381)        
Cash dividends declared on preferred stock           (6,512)        
Transfer to legal surplus           (7,490)        
Stock repurchased (2,226)               (2,226)  
Other comprehensive (loss) income, net of tax 12,030                 12,030
Balance at end of year at Dec. 31, 2020 1,085,975 92,000 $ 59,885 622,652 103,269 300,096   300,096 (102,949) 11,022
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Redemption of preferred stock   (92,000)                
Stock-based compensation expense       6,245            
Lapsed restricted stock units       (1,966)         2,249  
Redemption of preferred stock, issuance costs       10,130   (10,130)        
Transfer from retained earnings         14,408          
Net income 146,151         146,151        
Cash dividends declared on common stock [1]           (20,505)        
Cash dividends declared on preferred stock           (1,255)        
Transfer to legal surplus 14,400         (14,408)        
Stock repurchased (49,872)               (49,872)  
Other comprehensive (loss) income, net of tax (5,862)                 (5,862)
Balance at end of year at Dec. 31, 2021 1,069,160 0 59,885 637,061 117,677 399,949   $ 399,949 (150,572) 5,160
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Stock-based compensation expense       4,185            
Lapsed restricted stock units       (4,453)         3,547  
Transfer from retained earnings         16,224          
Net income 166,239         166,239        
Cash dividends declared on common stock [1]           (33,593)        
Transfer to legal surplus 16,200         (16,224)        
Stock repurchased (64,110)               (64,110)  
Other comprehensive (loss) income, net of tax (98,569)                 (98,569)
Balance at end of year at Dec. 31, 2022 $ 1,042,406 $ 0 $ 59,885 $ 636,793 $ 133,901 $ 516,371     $ (211,135) $ (93,409)
[1] Dividends declared per common share during 2022 - $0.70 (2021 - $0.40; 2020 - $0.28).