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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     35,211     35,211
Stock issued under Stock Option Plan   2,251     $ 1,418 3,669
Common cash dividends declared     (9,549)     (9,549)
Change in fair value of cash flow hedges       (8,783)   (8,783)
Change in unrealized gain on held-to-maturity securities       249   249
Change in unrealized loss on available-for-sale securities       (37,524)   (37,524)
Purchase of the Company's common stock         (50,381) (50,381)
Reclassification of treasury stock per Maryland law (8)   (48,955)   48,963  
Balance at ending of period at Jun. 30, 2022 123 40,565 522,255 (13,299)   549,644
Balance at beginning of period at Mar. 31, 2022 128 40,004 533,736 8,683   582,551
Net income     18,224     18,224
Stock issued under Stock Option Plan   561     303 864
Common cash dividends declared     (4,951)     (4,951)
Change in fair value of cash flow hedges       (4,153)   (4,153)
Change in unrealized gain on held-to-maturity securities       (509)   (509)
Change in unrealized loss on available-for-sale securities       (17,320)   (17,320)
Purchase of the Company's common stock         (25,062) (25,062)
Reclassification of treasury stock per Maryland law (5)   (24,754)   24,759  
Balance at ending of period at Jun. 30, 2022 123 40,565 522,255 (13,299)   549,644
Balance at beginning of period at Dec. 31, 2022 122 42,445 543,875 (53,355)   533,087
Net income     38,776     38,776
Stock issued under Stock Option Plan   847     204 1,051
Common cash dividends declared     (9,641)     (9,641)
Change in fair value of cash flow hedges       (2,884)   (2,884)
Change in unrealized gain on held-to-maturity securities       (54)   (54)
Change in unrealized loss on available-for-sale securities       283   283
Purchase of the Company's common stock         (14,289) (14,289)
Reclassification of treasury stock per Maryland law (2)   (14,083)   14,085  
Balance at ending of period at Jun. 30, 2023 120 43,292 558,927 (56,010)   546,329
Balance at beginning of period at Mar. 31, 2023 121 42,870 553,948 (41,428)   555,511
Net income     18,320     18,320
Stock issued under Stock Option Plan   422     159 581
Common cash dividends declared     (4,788)     (4,788)
Change in fair value of cash flow hedges       (7,913)   (7,913)
Change in unrealized gain on held-to-maturity securities       (37)   (37)
Change in unrealized loss on available-for-sale securities       (6,632)   (6,632)
Purchase of the Company's common stock         (8,713) (8,713)
Reclassification of treasury stock per Maryland law (1)   (8,553)   $ 8,554  
Balance at ending of period at Jun. 30, 2023 $ 120 $ 43,292 $ 558,927 $ (56,010)   $ 546,329