v3.25.2
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
As Previously Reported
Adjustment
Preferred stock
Preferred stock
As Previously Reported
Common stock
Common stock
As Previously Reported
Capital surplus
Capital surplus
As Previously Reported
Retained earnings
Retained earnings
As Previously Reported
Retained earnings
Adjustment
Accumulated other comprehensive income (loss)
Accumulated other comprehensive income (loss)
As Previously Reported
Beginning Balance at Dec. 31, 2021 $ 600,190 $ 663,837 $ (63,647) $ 0 $ 0 $ 221 $ 221 $ 445,907 $ 445,907 $ 148,825 $ 212,472 $ (63,647) $ 5,237 $ 5,237
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 100,237 99,025 1,212             100,237 99,025 1,212    
Other comprehensive (loss) income (89,034) (89,034) 0                   (89,034)  
Issuance of preferred stock, net of offering costs 110,548     110,548                    
Common dividends declared (25,923)                 (25,923)        
Preferred dividends (3,169)                 (3,169)        
Common stock repurchased (1,109)         (1)   (1,108)            
Share-based compensation expense 2,211             2,211            
Issuance of common stock under employee benefit plans 2,188         2   2,186            
Ending Balance at Dec. 31, 2022 696,139 758,574 (62,435) 110,548   222   449,196   219,970 282,405 (62,435) (83,797)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 15,822 21,772 (5,950)             15,822 21,772 (5,950)    
Other comprehensive (loss) income 6,000 6,000 0                      
Ending Balance at Mar. 31, 2023 707,258 775,643 (68,385)             226,815 295,200 (68,385)    
Beginning Balance at Dec. 31, 2022 696,139 758,574 (62,435) 110,548   222   449,196   219,970 282,405 (62,435) (83,797)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 32,357 43,347 (10,990)             32,357 43,347 (10,990)    
Other comprehensive (loss) income (922) (922) 0                      
Ending Balance at Jun. 30, 2023 703,396 776,821 (73,425)             234,463 307,888 (73,425)    
Beginning Balance at Dec. 31, 2022 696,139 758,574 (62,435) 110,548   222   449,196   219,970 282,405 (62,435) (83,797)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 41,047 54,749 (13,702)             41,047 54,749 (13,702)    
Other comprehensive (loss) income (17,384) (17,384) 0                      
Ending Balance at Sep. 30, 2023 681,473 757,610 (76,137)             234,324 310,461 (76,137)    
Beginning Balance at Dec. 31, 2022 696,139 758,574 (62,435) 110,548   222   449,196   219,970 282,405 (62,435) (83,797)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 61,155 75,460 (14,305)             61,155 75,460 (14,305)    
Other comprehensive (loss) income 7,044 7,044 0                   7,044  
Common dividends declared (26,573)                 (26,573)        
Preferred dividends (8,913)                 (8,913)        
Common stock repurchased (17,898)         (8)   (17,890)            
Share-based compensation expense 2,489             2,489            
Issuance of common stock under employee benefit plans 1,670         2   1,668            
Ending Balance at Dec. 31, 2023 715,113 791,853 (76,740) 110,548   216   435,463   245,639 322,379 (76,740) (76,753)  
Beginning Balance at Mar. 31, 2023 707,258 775,643 (68,385)             226,815 295,200 (68,385)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 16,535 21,575 (5,040)             16,535 21,575 (5,040)    
Other comprehensive (loss) income (6,922) (6,922) 0                      
Ending Balance at Jun. 30, 2023 703,396 776,821 (73,425)             234,463 307,888 (73,425)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 8,690 11,402 (2,712)             8,690 11,402 (2,712)    
Other comprehensive (loss) income (16,462) (16,462) 0                      
Ending Balance at Sep. 30, 2023 681,473 757,610 (76,137)             234,324 310,461 (76,137)    
Beginning Balance at Dec. 31, 2023 715,113 791,853 (76,740) 110,548   216   435,463   245,639 322,379 (76,740) (76,753)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 22,663 13,885 8,778             22,663 13,885 8,778    
Other comprehensive (loss) income (4,666) (4,666) 0                      
Ending Balance at Mar. 31, 2024 723,044 791,006 (67,962)             259,302 327,264 (67,962)    
Beginning Balance at Dec. 31, 2023 715,113 791,853 (76,740) 110,548   216   435,463   245,639 322,379 (76,740) (76,753)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 48,382 20,635 27,747             48,382 20,635 27,747    
Other comprehensive (loss) income (5,828) (5,828) 0                      
Ending Balance at Jun. 30, 2024 736,779 785,772 (48,993)             276,029 325,022 (48,993)    
Beginning Balance at Dec. 31, 2023 715,113 791,853 (76,740) 110,548   216   435,463   245,639 322,379 (76,740) (76,753)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 68,813 39,111 29,702             68,813 39,111 29,702    
Other comprehensive (loss) income 16,113 16,113 0                      
Ending Balance at Sep. 30, 2024 771,221 818,259 (47,038)             287,484 334,522 (47,038)    
Beginning Balance at Dec. 31, 2023 715,113 791,853 (76,740) 110,548   216   435,463   245,639 322,379 (76,740) (76,753)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 38,044                 38,044        
Other comprehensive (loss) income (5,207)                       (5,207)  
Common dividends declared (27,072)                 (27,072)        
Preferred dividends (8,913)                 (8,913)        
Common stock repurchased (5,475)         (2)   (5,473)            
Share-based compensation expense 3,031             3,031            
Issuance of common stock under employee benefit plans 1,326         1   1,325            
Ending Balance at Dec. 31, 2024 710,847     $ 110,548   $ 215   $ 434,346   247,698     $ (81,960)  
Beginning Balance at Mar. 31, 2024 723,044 791,006 (67,962)             259,302 327,264 (67,962)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 25,719 6,750 18,969             25,719 6,750 18,969    
Other comprehensive (loss) income (1,162) (1,162) 0                      
Ending Balance at Jun. 30, 2024 736,779 785,772 (48,993)             276,029 325,022 (48,993)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 20,431 18,476 1,955             20,431 18,476 1,955    
Other comprehensive (loss) income 21,941 21,941 0                      
Ending Balance at Sep. 30, 2024 $ 771,221 $ 818,259 $ (47,038)             $ 287,484 $ 334,522 $ (47,038)