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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
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, 2021     $ 637,061 $ 117,677 $ 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)    
Stocks repurchased (64,110)         (64,110)  
Lapsed restricted stock units and options     (4,453)     3,547  
Other comprehensive (loss) gain, net of tax (98,569)           (98,569)
Balance at end of period at Dec. 31, 2022 1,042,406 $ 59,885 636,793 133,901 516,371 (211,135) (93,409)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation expense     5,001        
Lapsed restricted stock units     (3,127)     1,438  
Transfer from retained earnings       17,066      
Net income 181,872       181,872    
Cash dividends declared on common stock [1]         (41,853)    
Transfer to legal surplus 17,100       (17,066)    
Stocks repurchased (18,653)         (18,653)  
Lapsed restricted stock units and options     (3,127)     1,438  
Other comprehensive (loss) gain, net of tax 26,396           26,396
Balance at end of period at Dec. 31, 2023 1,193,480 $ 59,885 638,667 150,967 639,324 (228,350) (67,013)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation expense     7,170        
Lapsed restricted stock units     (6,051)     1,683  
Transfer from retained earnings       18,570      
Net income 198,170       198,170    
Cash dividends declared on common stock [1]         (46,931)    
Transfer to legal surplus 18,600       (18,570)    
Stocks repurchased (70,324)         (70,324)  
Lapsed restricted stock units and options     (6,051)     1,683  
Other comprehensive (loss) gain, net of tax (22,826)           (22,826)
Balance at end of period at Dec. 31, 2024 $ 1,254,371   $ 639,786 $ 169,537 $ 771,993 $ (296,991) $ (89,839)
[1] Dividends declared per common share during the 2024 - $1.00 (2023 - $0.88; 2022- $0.70).