v3.25.2
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Total
Balance at beginning of period at Dec. 31, 2023 $ 118 $ 44,320 $ 569,872 $ (42,481)   $ 571,829
Net income     30,395     30,395
Stock issued under Stock Option Plan   1,001     $ 428 1,429
Common cash dividends declared     (9,313)     (9,313)
Change in fair value of cash flow hedges       (6,102)   (6,102)
Change in unrealized loss on held-to-maturity securities       (73)   (73)
Change in unrealized gain (loss) on available-for-sale securities       (6,789)   (6,789)
Repurchase of the Company's common stock         (12,361) (12,361)
Reclassification of treasury stock per Maryland law (2)   (11,931)   11,933  
Balance at ending of period (Accounting Standards Update 2023-02) at Jun. 30, 2024     (223)     (223)
Balance at ending of period at Jun. 30, 2024 116 45,321 578,800 (55,445)   568,792
Balance at beginning of period at Mar. 31, 2024 117 44,807 572,747 (52,509)   565,162
Net income     16,988     16,988
Stock issued under Stock Option Plan   514     224 738
Common cash dividends declared     (4,634)     (4,634)
Change in fair value of cash flow hedges       (1,570)   (1,570)
Change in unrealized loss on held-to-maturity securities       (37)   (37)
Change in unrealized gain (loss) on available-for-sale securities       (1,329)   (1,329)
Repurchase of the Company's common stock         (6,526) (6,526)
Reclassification of treasury stock per Maryland law (1)   (6,301)   6,302  
Balance at ending of period (Accounting Standards Update 2023-02) at Jun. 30, 2024     (223)     (223)
Balance at ending of period at Jun. 30, 2024 116 45,321 578,800 (55,445)   568,792
Balance at beginning of period at Dec. 31, 2024 117 50,336 603,477 (54,362)   599,568
Net income     36,946     36,946
Stock issued under Stock Option Plan   1,310     687 1,997
Common cash dividends declared     (9,185)     (9,185)
Change in fair value of cash flow hedges       3,744   3,744
Change in unrealized loss on held-to-maturity securities       (98)   (98)
Change in unrealized gain (loss) on available-for-sale securities       9,403   9,403
Repurchase of the Company's common stock         (20,007) (20,007)
Reclassification of treasury stock per Maryland law (3)   (19,317)   19,320  
Balance at ending of period at Jun. 30, 2025 114 51,646 611,921 (41,313)   622,368
Balance at beginning of period at Mar. 31, 2025 116 51,076 606,239 (44,138)   613,293
Net income     19,786     19,786
Stock issued under Stock Option Plan   570     246 816
Common cash dividends declared     (4,559)     (4,559)
Change in fair value of cash flow hedges       1,109   1,109
Change in unrealized loss on held-to-maturity securities       (54)   (54)
Change in unrealized gain (loss) on available-for-sale securities       1,770   1,770
Repurchase of the Company's common stock         (9,793) (9,793)
Reclassification of treasury stock per Maryland law (2)   (9,545)   $ 9,547  
Balance at ending of period at Jun. 30, 2025 $ 114 $ 51,646 $ 611,921 $ (41,313)   $ 622,368