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Consolidated Statement of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Additional Paid-In Capital [Member]
Adjusted Balance [Member]
Additional Paid-In Capital [Member]
Retained Earnings [Member]
Effect of Adopting ASU No. 2016-13 ("CECL") [Member]
Retained Earnings [Member]
Adjusted Balance [Member]
Retained Earnings [Member]
Treasury Stock [Member]
Adjusted Balance [Member]
Treasury Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Adjusted Balance [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Effect of Adopting ASU No. 2016-13 ("CECL") [Member]
Adjusted Balance [Member]
Total
Beginning balance at Dec. 31, 2021   $ 222,850     $ 81,171   $ (31,125)   $ 1,128     $ 274,024
Net income         20,115             20,115
Other comprehensive income (loss)                 (4,125)     (4,125)
Stock-based compensation expense   191                   191
Treasury Stock Purchases             (764)         (764)
Dividends payable on noncumulative perpetual preferred stock         (450)             (450)
Redemption of Series Preferred Stock   (14,730)                   (14,730)
Issuance of Series J Preferred Stock   2,370                   2,370
Cash dividends on common stock (per share declared)         (5,213)             (5,213)
Dividend reinvestment plan   230     (230)              
Stock Purchase Plan   219                   219
Ending balance at Jun. 30, 2022   211,130     95,393   (31,889)   (2,997)     271,637
Beginning balance at Mar. 31, 2022   220,435     88,132   (31,133)   (1,275)     276,159
Net income         10,163             10,163
Other comprehensive income (loss)                 (1,722)     (1,722)
Stock-based compensation expense   96                   96
Treasury Stock Purchases             (756)         (756)
Dividends payable on noncumulative perpetual preferred stock         (174)             (174)
Redemption of Series Preferred Stock   (9,650)                   (9,650)
Cash dividends on common stock (per share declared)         (2,612)             (2,612)
Dividend reinvestment plan   116     (116)              
Stock Purchase Plan   133                   133
Ending balance at Jun. 30, 2022   211,130     95,393   (31,889)   (2,997)     271,637
Beginning balance at Dec. 31, 2022 $ 217,167 217,167 $ 2,870 $ 117,979 115,109 $ (34,531) (34,531) $ (6,491) (6,491) $ 2,870 $ 294,124 291,254
Net income         16,710             16,710
Other comprehensive income (loss)                 (2,930)     (2,930)
Exercise of stock options   418                   418
Stock-based compensation expense   217                   217
Treasury Stock Purchases             (3,816)         (3,816)
Dividends payable on noncumulative perpetual preferred stock         (347)             (347)
Cash dividends on common stock (per share declared)         (5,280)             (5,280)
Dividend reinvestment plan   195     (195)              
Stock Purchase Plan   527                   527
Ending balance at Jun. 30, 2023   218,524     128,867   (38,347)   (9,421)     299,623
Beginning balance at Mar. 31, 2023   218,200     123,121   (37,090)   (6,613)     297,618
Net income         8,604             8,604
Other comprehensive income (loss)                 (2,808)     (2,808)
Stock-based compensation expense   111                   111
Treasury Stock Purchases             (1,257)         (1,257)
Dividends payable on noncumulative perpetual preferred stock         (174)             (174)
Cash dividends on common stock (per share declared)         (2,593)             (2,593)
Dividend reinvestment plan   91     (91)              
Stock Purchase Plan   122                   122
Ending balance at Jun. 30, 2023   218,524     128,867   (38,347)   (9,421)     299,623
Beginning balance at Dec. 31, 2023   223,966     135,927   (38,347)   (7,491)     314,055
Net income         8,683             8,683
Other comprehensive income (loss)                 (304)     (304)
Stock-based compensation expense   397                   397
Dividends payable on noncumulative perpetual preferred stock         (882)             (882)
Issuance of Series J Preferred Stock   3,360                   3,360
Cash dividends on common stock (per share declared)         (5,202)             (5,202)
Dividend reinvestment plan   217     (217)              
Stock Purchase Plan   625                   625
Ending balance at Jun. 30, 2024   228,565 2,817   138,309   (38,347)   (7,795) 2,817   320,732
Beginning balance at Mar. 31, 2024   227,459     138,643   (38,347)   (7,624)     320,131
Net income                       2,817
Other comprehensive income (loss)                 (171)     (171)
Stock-based compensation expense   202                   202
Dividends payable on noncumulative perpetual preferred stock         (448)             (448)
Issuance of Series J Preferred Stock   670                   670
Cash dividends on common stock (per share declared)         (2,594)             (2,594)
Dividend reinvestment plan   109     (109)              
Stock Purchase Plan   125                   125
Ending balance at Jun. 30, 2024   $ 228,565 $ 2,817   $ 138,309   $ (38,347)   $ (7,795) $ 2,817   $ 320,732