v3.25.2
Consolidated Statements of Shareholders' Equity - USD ($)
shares in Thousands, $ in Thousands
Common Stock
Surplus
Retained Earnings
Other Comprehensive Income (Loss)
Treasury Stock
Total
Balance at Dec. 31, 2023 $ 96,467 $ 155,511 $ 3,029,088 $ (397,889) $ (435,403) $ 2,447,774
Balance (in shares) at Dec. 31, 2023 96,467          
Increase (decrease) in shareholders' equity            
Net income     194,311     194,311
Dividends:            
Dividends Payable/ Cash     (41,031)     (41,031)
Purchase of treasury stock         (495) (495)
Exercise of stock options $ 113 2,538       2,651
Exercise of stock options (in shares) 113          
Stock compensation expense recognized in earnings   122       122
Other comprehensive income (loss), net of tax:            
Net change in unrealized gains and losses on available for sale securities, net of reclassification adjustments       (25,971)   (25,971)
Balance at Jun. 30, 2024 $ 96,580 158,171 3,182,368 (423,860) (435,898) 2,577,361
Balance (in shares) at Jun. 30, 2024 96,580          
Balance at Mar. 31, 2024 $ 96,570 157,775 3,085,388 (419,945) (435,898) 2,483,890
Balance (in shares) at Mar. 31, 2024 96,570          
Increase (decrease) in shareholders' equity            
Net income     96,980     96,980
Dividends:            
Exercise of stock options $ 10 348       358
Exercise of stock options (in shares) 10          
Stock compensation expense recognized in earnings   48       48
Other comprehensive income (loss), net of tax:            
Net change in unrealized gains and losses on available for sale securities, net of reclassification adjustments       (3,915)   (3,915)
Balance at Jun. 30, 2024 $ 96,580 158,171 3,182,368 (423,860) (435,898) 2,577,361
Balance (in shares) at Jun. 30, 2024 96,580          
Balance at Dec. 31, 2024 $ 96,617 159,333 3,356,177 (379,054) (436,366) 2,796,707
Balance (in shares) at Dec. 31, 2024 96,617          
Increase (decrease) in shareholders' equity            
Net income     197,034     197,034
Dividends:            
Dividends Payable/ Cash     (43,550)     (43,550)
Purchase of treasury stock         (4,546) (4,546)
Exercise of stock options $ 23 770       793
Exercise of stock options (in shares) 23          
Stock compensation expense recognized in earnings   66       66
Other comprehensive income (loss), net of tax:            
Net change in unrealized gains and losses on available for sale securities, net of reclassification adjustments       75,565   75,565
Balance at Jun. 30, 2025 $ 96,640 160,169 3,509,661 (303,489) (440,912) 3,022,069
Balance (in shares) at Jun. 30, 2025 96,640          
Balance at Mar. 31, 2025 $ 96,626 159,712 3,409,519 (334,412) (436,366) 2,895,079
Balance (in shares) at Mar. 31, 2025 96,626          
Increase (decrease) in shareholders' equity            
Net income     100,142     100,142
Dividends:            
Purchase of treasury stock         (4,546) (4,546)
Exercise of stock options $ 14 436       450
Exercise of stock options (in shares) 14          
Stock compensation expense recognized in earnings   21       21
Other comprehensive income (loss), net of tax:            
Net change in unrealized gains and losses on available for sale securities, net of reclassification adjustments       30,923   30,923
Balance at Jun. 30, 2025 $ 96,640 $ 160,169 $ 3,509,661 $ (303,489) $ (440,912) $ 3,022,069
Balance (in shares) at Jun. 30, 2025 96,640