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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     53,344     53,344
Stock issued under Stock Option Plan   3,201     $ 2,773 5,974
Common cash dividends declared     (14,455)     (14,455)
Change in fair value of cash flow hedges       (30,261)   (30,261)
Change in unrealized gain on 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 cash dividends declared     (4,906)     (4,906)
Change in fair value of cash flow hedges       (21,478)   (21,478)
Change in unrealized gain on 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
Balance at beginning of period at Dec. 31, 2022 122 42,445 543,875 (53,355)   533,087
Net income     54,655     54,655
Stock issued under Stock Option Plan   1,256     249 1,505
Common cash dividends declared     (14,386)     (14,386)
Change in fair value of cash flow hedges       (7,011)   (7,011)
Change in unrealized gain on held-to-maturity securities       (92)   (92)
Change in unrealized loss on available-for-sale securities       (16,323)   (16,323)
Purchase of the Company's common stock         (19,738) (19,738)
Reclassification of treasury stock per Maryland law (3)   (19,486)   19,489  
Balance at ending of period at Sep. 30, 2023 119 43,701 564,658 (76,781)   531,697
Balance at beginning of period at Jun. 30, 2023 120 43,292 558,927 (56,010)   546,329
Net income     15,879     15,879
Stock issued under Stock Option Plan   409     45 454
Common cash dividends declared     (4,745)     (4,745)
Change in fair value of cash flow hedges       (4,127)   (4,127)
Change in unrealized gain on held-to-maturity securities       (38)   (38)
Change in unrealized loss on available-for-sale securities       (16,606)   (16,606)
Purchase of the Company's common stock         (5,449) (5,449)
Reclassification of treasury stock per Maryland law (1)   (5,403)   $ 5,404  
Balance at ending of period at Sep. 30, 2023 $ 119 $ 43,701 $ 564,658 $ (76,781)   $ 531,697