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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, 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 loss on held-to-maturity securities       (92)   (92)
Change in unrealized gain (loss) on available-for-sale securities       (16,323)   (16,323)
Repurchase 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 loss on held-to-maturity securities       (38)   (38)
Change in unrealized gain (loss) on available-for-sale securities       (16,606)   (16,606)
Repurchase 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
Balance at beginning of period at Dec. 31, 2023 118 44,320 569,872 (42,481)   571,829
Net income     46,885     46,885
Stock issued under Stock Option Plan   3,594     3,342 6,936
Common cash dividends declared     (13,986)     (13,986)
Change in fair value of cash flow hedges       1,889   1,889
Change in unrealized loss on held-to-maturity securities       (105)   (105)
Change in unrealized gain (loss) on available-for-sale securities       11,334   11,334
Repurchase of the Company's common stock         (12,469) (12,469)
Reclassification of treasury stock per Maryland law (1)   (9,126)   9,127  
Balance at ending of period (Accounting Standards Update 2023-02) at Sep. 30, 2024     (223)     (223)
Balance at ending of period at Sep. 30, 2024 117 47,914 593,422 (29,363)   612,090
Balance at beginning of period at Jun. 30, 2024 116 45,321 578,800 (55,445)   568,792
Net income     16,490     16,490
Stock issued under Stock Option Plan   2,593     2,914 5,507
Common cash dividends declared     (4,673)     (4,673)
Change in fair value of cash flow hedges       7,991   7,991
Change in unrealized loss on held-to-maturity securities       (33)   (33)
Change in unrealized gain (loss) on available-for-sale securities       18,124   18,124
Repurchase of the Company's common stock         (108) (108)
Reclassification of treasury stock per Maryland law 1   2,805   $ (2,806)  
Balance at ending of period (Accounting Standards Update 2023-02) at Sep. 30, 2024     (223)     (223)
Balance at ending of period at Sep. 30, 2024 $ 117 $ 47,914 $ 593,422 $ (29,363)   $ 612,090