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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock
Adjusted Balance
Common Stock
Retained Earnings
Adjusted Balance
Retained Earnings
Adjustment
Retained Earnings
Accumulated Other Comprehensive Income / (Loss)
Adjusted Balance
Accumulated Other Comprehensive Income / (Loss)
Adjusted Balance
Adjustment
Total
Balance at Dec. 31, 2018   $ 300,844     $ 79,003   $ (12,381)     $ 367,466
Balance (in shares) at Dec. 31, 2018   43,288,750                
Increase (Decrease) in Shareholders' Equity                    
Net income         12,146         12,146
Other comprehensive income (loss)             3,394     3,394
Amortization of restricted stock awards, net of forfeitures and taxes   $ 271               271
Cash dividend declared         (5,196)         (5,196)
Stock option expense, net of forfeitures and taxes   166               166
Stock options exercised   $ 269               269
Stock options exercised (in shares)   35,003                
Balance at Mar. 31, 2019   $ 301,550     85,953   (8,987)     378,516
Balance (in shares) at Mar. 31, 2019   43,323,753                
Balance at Dec. 31, 2018   $ 300,844     79,003   (12,381)     367,466
Balance (in shares) at Dec. 31, 2018   43,288,750                
Increase (Decrease) in Shareholders' Equity                    
Net income                   23,499
Other comprehensive income (loss)             6,079     6,079
Balance at Jun. 30, 2019   $ 302,305     92,105   (6,302)     388,108
Balance (in shares) at Jun. 30, 2019   43,498,406                
Balance at Mar. 31, 2019   $ 301,550     85,953   (8,987)     378,516
Balance (in shares) at Mar. 31, 2019   43,323,753                
Increase (Decrease) in Shareholders' Equity                    
Net income         11,353         11,353
Other comprehensive income (loss)             2,685     2,685
Issuance of restricted stock awards, net (in shares)   134,653                
Amortization of restricted stock awards, net of forfeitures and taxes   $ 303               303
Cash dividend declared         (5,201)         (5,201)
Stock option expense, net of forfeitures and taxes   155               155
Stock options exercised   $ 297               297
Stock options exercised (in shares)   40,000                
Balance at Jun. 30, 2019   $ 302,305     92,105   (6,302)     388,108
Balance (in shares) at Jun. 30, 2019   43,498,406                
Balance at Dec. 31, 2019 $ 489,745 $ 489,745 $ 90,679 $ (6,062) 96,741 $ (9,778) (9,778) $ 570,646 $ (6,062) 576,708
Balance (in shares) at Dec. 31, 2019 59,368,156 59,368,156                
Increase (Decrease) in Shareholders' Equity                    
Net income         1,861         1,861
Other comprehensive income (loss)             5,069     5,069
Amortization of restricted stock awards, net of forfeitures and taxes   $ 348               348
Cash dividend declared         (7,737)         (7,737)
Stock option expense, net of forfeitures and taxes   148               148
Stock options exercised   $ 1,106               1,106
Stock options exercised (in shares)   200,063                
Balance at Mar. 31, 2020   $ 491,347     84,803   (4,709)     571,441
Balance (in shares) at Mar. 31, 2020   59,568,219                
Balance at Dec. 31, 2019 $ 489,745 $ 489,745 $ 90,679 $ (6,062) 96,741 $ (9,778) (9,778) $ 570,646 $ (6,062) 576,708
Balance (in shares) at Dec. 31, 2019 59,368,156 59,368,156                
Increase (Decrease) in Shareholders' Equity                    
Net income                   12,479
Other comprehensive income (loss)             4,598     4,598
Balance at Jun. 30, 2020   $ 492,333     87,654   (5,180)     574,807
Balance (in shares) at Jun. 30, 2020   59,856,767                
Balance at Mar. 31, 2020   $ 491,347     84,803   (4,709)     571,441
Balance (in shares) at Mar. 31, 2020   59,568,219                
Increase (Decrease) in Shareholders' Equity                    
Net income         10,618         10,618
Other comprehensive income (loss)             (471)     (471)
Issuance of restricted stock awards, net (in shares)   168,117                
Amortization of restricted stock awards, net of forfeitures and taxes   $ 463               463
Cash dividend declared         (7,767)         (7,767)
Stock option expense, net of forfeitures and taxes   139               139
Stock options exercised   $ 384               384
Stock options exercised (in shares)   120,431                
Balance at Jun. 30, 2020   $ 492,333     $ 87,654   $ (5,180)     $ 574,807
Balance (in shares) at Jun. 30, 2020   59,856,767