v3.25.2
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY—(UNAUDITED) - USD ($)
$ in Thousands
Total
Preferred stock
Common stock
Capital surplus
Retained earnings
Accumulated other comprehensive income (loss)
Beginning Balance at Dec. 31, 2023 $ 715,113 $ 110,548 $ 216 $ 435,463 $ 245,639 $ (76,753)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 22,663       22,663  
Other comprehensive (loss) income (4,666)         (4,666)
Common dividends declared (6,772)       (6,772)  
Preferred dividends (2,228)       (2,228)  
Common stock repurchased (1,944)   (1) (1,943)    
Share-based compensation expense 701     701    
Issuance of common stock under employee benefit plans 177     177    
Ending Balance at Mar. 31, 2024 723,044 110,548 215 434,398 259,302 (81,419)
Beginning Balance at Dec. 31, 2024 710,847 110,548 215 434,346 247,698 (81,960)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (140,974)       (140,974)  
Other comprehensive (loss) income 9,621         9,621
Common dividends declared (6,782)       (6,782)  
Preferred dividends (2,228)       (2,228)  
Share-based compensation expense 784     784    
Issuance of common stock under employee benefit plans 169     169    
Ending Balance at Mar. 31, 2025 $ 571,437 $ 110,548 $ 215 $ 435,299 $ 97,714 $ (72,339)