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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Total
Balance at Dec. 31, 2022 $ 502,923 $ 146,389 $ (16,856) $ 632,456
Balance (in shares) at Dec. 31, 2022 60,852,723      
Increase (Decrease) in Shareholders' Equity        
Net income   18,917   18,917
Other comprehensive income (loss)     2,539 2,539
Net amortization of restricted stock awards $ 382     382
Cash dividend declared   (7,916)   (7,916)
Stock option expense, net of forfeitures and taxes 147     147
Stock options exercised $ 683     683
Stock options exercised (in shares) 95,884      
Balance at Mar. 31, 2023 $ 504,135 157,390 (14,317) 647,208
Balance (in shares) at Mar. 31, 2023 60,948,607      
Balance at Dec. 31, 2022 $ 502,923 146,389 (16,856) 632,456
Balance (in shares) at Dec. 31, 2022 60,852,723      
Increase (Decrease) in Shareholders' Equity        
Net income       35,320
Other comprehensive income (loss)     (402) (402)
Balance at Jun. 30, 2023 $ 505,075 165,853 (17,258) 653,670
Balance (in shares) at Jun. 30, 2023 61,091,155      
Balance at Mar. 31, 2023 $ 504,135 157,390 (14,317) 647,208
Balance (in shares) at Mar. 31, 2023 60,948,607      
Increase (Decrease) in Shareholders' Equity        
Net income   16,403   16,403
Other comprehensive income (loss)     (2,941) (2,941)
Issuance (forfeitures) of restricted stock awards, net (in shares) 65,446      
Net amortization of restricted stock awards $ 376     376
Cash dividend declared   (7,940)   (7,940)
RSUs and PRSUs expense, net of taxes 96     96
Stock option expense, net of forfeitures and taxes 154     154
Stock options exercised $ 314     314
Stock options exercised (in shares) 77,102      
Balance at Jun. 30, 2023 $ 505,075 165,853 (17,258) 653,670
Balance (in shares) at Jun. 30, 2023 61,091,155      
Balance at Dec. 31, 2023 $ 506,539 179,092 (12,730) 672,901
Balance (in shares) at Dec. 31, 2023 61,146,835      
Increase (Decrease) in Shareholders' Equity        
Net income   10,166   10,166
Other comprehensive income (loss)     142 142
Issuance (forfeitures) of restricted stock awards, net (in shares) 33,908      
Net amortization of restricted stock awards $ 311     311
Cash dividend declared   (7,952)   (7,952)
RSUs and PRSUs expense, net of taxes 198     198
Stock option expense, net of forfeitures and taxes 145     145
Stock options exercised $ 385     385
Stock options exercised (in shares) 72,882      
Balance at Mar. 31, 2024 $ 507,578 181,306 (12,588) 676,296
Balance (in shares) at Mar. 31, 2024 61,253,625      
Balance at Dec. 31, 2023 $ 506,539 179,092 (12,730) 672,901
Balance (in shares) at Dec. 31, 2023 61,146,835      
Increase (Decrease) in Shareholders' Equity        
Net income       19,400
Other comprehensive income (loss)     1,015 1,015
Balance at Jun. 30, 2024 $ 508,343 182,571 (11,715) 679,199
Balance (in shares) at Jun. 30, 2024 61,292,094      
Balance at Mar. 31, 2024 $ 507,578 181,306 (12,588) 676,296
Balance (in shares) at Mar. 31, 2024 61,253,625      
Increase (Decrease) in Shareholders' Equity        
Net income   9,234   9,234
Other comprehensive income (loss)     873 873
Issuance (forfeitures) of restricted stock awards, net (in shares) (8,000)      
Net amortization of restricted stock awards $ 165     165
Cash dividend declared   (7,969)   (7,969)
RSUs and PRSUs expense, net of taxes $ 413     413
RSUs vested 35,837      
Stock option expense, net of forfeitures and taxes $ 129     129
Stock options exercised $ 58     58
Stock options exercised (in shares) 10,632      
Balance at Jun. 30, 2024 $ 508,343 $ 182,571 $ (11,715) $ 679,199
Balance (in shares) at Jun. 30, 2024 61,292,094