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) |