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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, 2020 $ 138 $ 35,004 $ 541,448 $ 53,151   $ 629,741
Net income     59,346     59,346
Stock issued under Stock Option Plan   2,464     $ 1,074 3,538
Common dividends declared     (14,124)     (14,124)
Other comprehensive loss       (15,912)   (15,912)
Purchase of the Company's common stock         (23,773) (23,773)
Reclassification of treasury stock per Maryland law (4)   (22,695)   22,699  
Balance at ending of period (CECL adoption) at Sep. 30, 2021     (14,175)     (14,175)
Balance at ending of period at Sep. 30, 2021 134 37,468 549,800 37,239   624,641
Balance at beginning of period at Jun. 30, 2021 137 36,880 550,301 42,239   629,557
Net income     20,364     20,364
Stock issued under Stock Option Plan   588     257 845
Common dividends declared     (4,812)     (4,812)
Other comprehensive loss       (5,000)   (5,000)
Purchase of the Company's common stock         (16,313) (16,313)
Reclassification of treasury stock per Maryland law (3)   (16,053)   16,056  
Balance at ending of period (CECL adoption) at Sep. 30, 2021     (14,175)     (14,175)
Balance at ending of period at Sep. 30, 2021 134 37,468 549,800 37,239   624,641
Balance at beginning of period at Dec. 31, 2021 131 38,314 545,548 32,759   616,752
Net income     53,344     53,344
Stock issued under Stock Option Plan   3,201     2,773 5,974
Common dividends declared     (14,455)     (14,455)
Change in fair value of cash flow hedges       (30,261)   (30,261)
Change in unrealized gain (loss) on transferred held-to-maturity securities       30   30
Change in unrealized loss on available-for-sale securities       (60,854)   (60,854)
Purchase of the Company's common stock         (59,255) (59,255)
Reclassification of treasury stock per Maryland law (8)   (56,474)   56,482  
Balance at ending of period at Sep. 30, 2022 123 41,515 527,963 (58,326)   511,275
Balance at beginning of period at Jun. 30, 2022 123 40,565 522,255 (13,299)   549,644
Net income     18,133     18,133
Stock issued under Stock Option Plan   950     1,355 2,305
Common dividends declared     (4,906)     (4,906)
Change in fair value of cash flow hedges       (21,478)   (21,478)
Change in unrealized gain (loss) on transferred held-to-maturity securities       (220)   (220)
Change in unrealized loss on available-for-sale securities       (23,329)   (23,329)
Purchase of the Company's common stock         (8,874) (8,874)
Reclassification of treasury stock per Maryland law     (7,519)   $ 7,519  
Balance at ending of period at Sep. 30, 2022 $ 123 $ 41,515 $ 527,963 $ (58,326)   $ 511,275