v3.26.1
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, 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 fair value of held-to-maturity securities       (98)   (98)
Change in fair value of 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 fair value of held-to-maturity securities       (54)   (54)
Change in fair value of 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
Balance at beginning of period at Dec. 31, 2025 111 54,120 614,095 (32,200)   636,126
Net income     33,271     33,271
Stock issued under Stock Option Plan   5,158     6,697 11,855
Common cash dividends declared     (9,360)     (9,360)
Change in fair value of cash flow hedges       (2,768)   (2,768)
Change in fair value of held-to-maturity securities       (73)   (73)
Change in fair value of available-for-sale securities       (2,683)   (2,683)
Repurchase of the Company's common stock         (24,771) (24,771)
Reclassification of treasury stock per Maryland law (28)   (18,046)   18,074  
Balance at ending of period at Jun. 30, 2026 83 59,278 619,960 (37,724)   641,597
Balance at beginning of period at Mar. 31, 2026 83 56,126 612,570 (35,149)   633,630
Net income     15,795     15,795
Stock issued under Stock Option Plan   3,152     4,125 7,277
Common cash dividends declared     (4,680)     (4,680)
Change in fair value of cash flow hedges       (1,378)   (1,378)
Change in fair value of held-to-maturity securities       (33)   (33)
Change in fair value of available-for-sale securities       (1,164)   (1,164)
Repurchase of the Company's common stock         (7,850) (7,850)
Reclassification of treasury stock per Maryland law     (3,725)   $ 3,725  
Balance at ending of period at Jun. 30, 2026 $ 83 $ 59,278 $ 619,960 $ (37,724)   $ 641,597