v3.26.1
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, 2024   $ 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 awards repurchased     (3,035)     (494)  
Other comprehensive (loss) gain, 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 awards repurchased     (108)     50  
Other comprehensive (loss) gain, 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)
Balance at beginning of period at Dec. 31, 2025 1,390,005 59,885 642,973 188,490 904,630 (389,067) (16,906)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation expense     2,996        
Lapsed restricted stock units     (3,950)     1,479  
Transfer from retained earnings       10,939      
Net income 112,714       112,714    
Cash dividends declared on common stock [1]         (29,459)    
Transfer to legal surplus 10,900       (10,939)    
Stocks repurchased (44,473)         (44,473)  
Lapsed restricted stock units and options, net of employee awards repurchased     (3,950)     1,479  
Other comprehensive (loss) gain, net of tax (22,040)           (22,040)
Balance at end of period at Jun. 30, 2026 1,407,272   642,019 199,429 976,946 (432,061) (38,946)
Balance at beginning of period at Mar. 31, 2026   $ 59,885 640,656 193,787 938,349 (432,209) (33,573)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation expense     1,610        
Lapsed restricted stock units     (247)     148  
Transfer from retained earnings       5,642      
Net income 58,777       58,777    
Cash dividends declared on common stock [1]         (14,538)    
Transfer to legal surplus 5,600       (5,642)    
Stocks repurchased 0         0  
Lapsed restricted stock units and options, net of employee awards repurchased     (247)     148  
Other comprehensive (loss) gain, net of tax (5,373)           (5,373)
Balance at end of period at Jun. 30, 2026 $ 1,407,272   $ 642,019 $ 199,429 $ 976,946 $ (432,061) $ (38,946)
[1] Dividends declared per common share during the quarter ended June 30, 2026 - $0.35 (June 30, 2025 - $0.30). Dividends declared per common share during the six-month period ended June 30, 2026 - $0.70 (June 30, 2025 - $0.60).