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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, 2021 $ 131 $ 38,314 $ 545,548 $ 32,759   $ 616,752
Net income     16,987     16,987
Stock issued under Stock Option Plan   1,690     $ 1,116 2,806
Common dividends declared     (4,599)     (4,599)
Change in fair value of cash flow hedges       (4,630)   (4,630)
Change in unrealized gain on held-to-maturity securities       759   759
Change in unrealized loss on available-for-sale securities       (20,205)   (20,205)
Purchase of the Company's common stock         (25,319) (25,319)
Reclassification of treasury stock per Maryland law (3)   (24,200)   24,203  
Balance at ending of period at Mar. 31, 2022 128 40,004 533,736 8,683   582,551
Balance at beginning of period at Dec. 31, 2022 122 42,445 543,875 (53,355)   533,087
Net income     20,456     20,456
Stock issued under Stock Option Plan   425     45 470
Common dividends declared     (4,854)     (4,854)
Change in fair value of cash flow hedges       5,029   5,029
Change in unrealized gain on held-to-maturity securities       (17)   (17)
Change in unrealized loss on available-for-sale securities       6,915   6,915
Purchase of the Company's common stock         (5,575) (5,575)
Reclassification of treasury stock per Maryland law (1)   (5,529)   $ 5,530  
Balance at ending of period at Mar. 31, 2023 $ 121 $ 42,870 $ 553,948 $ (41,428)   $ 555,511