v3.25.2
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock [Member]
Paid-in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income (Loss)
Treasury Stock [Member]
Common stock, shares outstanding at Dec. 31, 2023   17,031,000        
Shareholders' equity at Dec. 31, 2023 $ 472,686 $ 1,085 $ 126,150 $ 501,917 $ (141,153) $ (15,313)
Net income 21,751     21,751    
Total other comprehensive income (loss), net of tax (5,173)       (5,173)  
Cash dividends declared (19,318)     (19,318)    
Share-based compensation 1,278   1,278      
Exercise of stock options and issuance of other compensation-related equity awards, net of awards surrendered, shares   27,000        
Exercise of stock options and issuance of other compensation-related equity awards, net of awards surrendered, value (267) $ 0 (1,530)     1,263
Common stock, shares outstanding at Jun. 30, 2024   17,058,000        
Shareholders' equity at Jun. 30, 2024 470,957 $ 1,085 125,898 504,350 (146,326) (14,050)
Common stock, shares outstanding at Mar. 31, 2024   17,033,000        
Shareholders' equity at Mar. 31, 2024 466,920 $ 1,085 126,785 503,175 (148,913) (15,212)
Net income 10,815     10,815    
Total other comprehensive income (loss), net of tax 2,587       2,587  
Cash dividends declared (9,640)     (9,640)    
Share-based compensation 524   524      
Exercise of stock options and issuance of other compensation-related equity awards, net of awards surrendered, shares   25,000        
Exercise of stock options and issuance of other compensation-related equity awards, net of awards surrendered, value (249) $ 0 (1,411)     1,162
Common stock, shares outstanding at Jun. 30, 2024   17,058,000        
Shareholders' equity at Jun. 30, 2024 $ 470,957 $ 1,085 125,898 504,350 (146,326) (14,050)
Common stock, shares outstanding at Dec. 31, 2024 19,273,583 19,274,000        
Shareholders' equity at Dec. 31, 2024 $ 499,728 $ 1,223 196,947 434,014 (119,171) (13,285)
Net income 25,424     25,424    
Total other comprehensive income (loss), net of tax 23,222       23,222  
Cash dividends declared (21,918)     (21,918)    
Share-based compensation 1,653   1,653      
Exercise of stock options and issuance of other compensation-related equity awards, net of awards surrendered, shares   19,000        
Exercise of stock options and issuance of other compensation-related equity awards, net of awards surrendered, value (294) $ 0 (1,208)     914
Treasury stock purchased under Stock Repurchase Program, amount acquired $ (296)         (296)
Treasury stock repurchased (10,000) (10,000)        
Common stock, shares outstanding at Jun. 30, 2025 19,283,420 19,283,000        
Shareholders' equity at Jun. 30, 2025 $ 527,519 $ 1,223 197,392 437,520 (95,949) (12,667)
Common stock, shares outstanding at Mar. 31, 2025   19,276,000        
Shareholders' equity at Mar. 31, 2025 521,680 $ 1,223 197,570 435,233 (99,179) (13,167)
Net income 13,245     13,245    
Total other comprehensive income (loss), net of tax 3,230       3,230  
Cash dividends declared (10,958)     (10,958)    
Share-based compensation 873   873      
Exercise of stock options and issuance of other compensation-related equity awards, net of awards surrendered, shares   17,000        
Exercise of stock options and issuance of other compensation-related equity awards, net of awards surrendered, value (255) $ 0 (1,051)     796
Treasury stock purchased under Stock Repurchase Program, amount acquired $ (296)         (296)
Treasury stock repurchased   (10,000)        
Common stock, shares outstanding at Jun. 30, 2025 19,283,420 19,283,000        
Shareholders' equity at Jun. 30, 2025 $ 527,519 $ 1,223 $ 197,392 $ 437,520 $ (95,949) $ (12,667)