v3.25.2
UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Common stock:
Additional paid-in capital:
Legal surplus:
Retained earnings:
Treasury stock:
Accumulated other comprehensive loss, net of tax:
Balance at beginning of period at Dec. 31, 2023   $ 59,885 $ 638,667 $ 150,967 $ 639,324 $ (228,350) $ (67,013)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation expense     3,130        
Lapsed restricted stock units     (3,902)     1,681  
Transfer from retained earnings       9,593      
Net income $ 100,823       100,823    
Cash dividends declared on common stock [1]         (23,747)    
Transfer to legal surplus 9,600       (9,593)    
Stocks repurchased (24,282)         (24,282)  
Lapsed restricted stock units and options, net of employee award repurchased     (3,902)     1,681  
Other comprehensive gain (loss), net of tax (19,481)           (19,481)
Balance at end of period at Jun. 30, 2024 1,227,702   637,895 160,560 706,807 (250,951) (86,494)
Balance at beginning of period at Mar. 31, 2024   59,885 636,208 155,732 672,455 (226,896) (81,731)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation expense     1,966        
Lapsed restricted stock units     (279)     227  
Transfer from retained earnings       4,828      
Net income 51,131       51,131    
Cash dividends declared on common stock [1]         (11,951)    
Transfer to legal surplus 4,800       (4,828)    
Stocks repurchased (24,282)         (24,282)  
Lapsed restricted stock units and options, net of employee award repurchased     (279)     227  
Other comprehensive gain (loss), net of tax (4,763)           (4,763)
Balance at end of period at Jun. 30, 2024 1,227,702   637,895 160,560 706,807 (250,951) (86,494)
Balance at beginning of period at Dec. 31, 2024 1,254,371 59,885 639,786 169,537 771,993 (296,991) (89,839)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation expense     3,150        
Lapsed restricted stock units     (3,035)     (494)  
Transfer from retained earnings       9,297      
Net income 97,373       97,373    
Cash dividends declared on common stock [1]         (26,882)    
Transfer to legal surplus 9,300       (9,297)    
Stocks repurchased (31,087)         (31,087)  
Lapsed restricted stock units and options, net of employee award repurchased     (3,035)     (494)  
Other comprehensive gain (loss), net of tax 41,057           41,057
Balance at end of period at Jun. 30, 2025 1,334,453   639,901 178,834 833,187 (328,572) (48,782)
Balance at beginning of period at Mar. 31, 2025   $ 59,885 638,475 173,905 802,024 (320,927) (58,001)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation expense     1,534        
Lapsed restricted stock units     (108)     50  
Transfer from retained earnings       4,929      
Net income 51,801       51,801    
Cash dividends declared on common stock [1]         (15,709)    
Transfer to legal surplus 4,900       (4,929)    
Stocks repurchased (7,695)         (7,695)  
Lapsed restricted stock units and options, net of employee award repurchased     (108)     50  
Other comprehensive gain (loss), net of tax 9,219           9,219
Balance at end of period at Jun. 30, 2025 $ 1,334,453   $ 639,901 $ 178,834 $ 833,187 $ (328,572) $ (48,782)
[1] Dividends declared per common share during the quarters ended June 30, 2025 - $0.30 (June 30, 2024 - $0.25). Dividends declared per common share during the six-month period ended June 30, 2025 - $0.60 (June 30, 2024 - $0.50).