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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Common Stock
Common Stock
Common Stock
Preferred Stock
Additional Paid in Capital
Additional Paid in Capital
Common Stock
Retained Earnings
Beginning balance at Dec. 31, 2020 $ 444,747   $ 102   $ 55 $ 354,284   $ 90,306
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 174,348             174,348
Issuance of common stock 71,537   20     71,517    
Offering expenses of "at-the-market" common stock equity offering (719)         (719)    
Share based compensation 120         120    
Mezzanine equity measurement 271             271
Preferred share dividends declared and paid ($2.00 per share of preferred C shares and $2.00 per share of preferred D shares) (11,064)             (11,064)
Ending balance at Dec. 31, 2021 679,240   122   55 425,202   253,861
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 172,554             172,554
Share based compensation 120         120    
Preferred share dividends declared and paid ($2.00 per share of preferred C shares and $2.00 per share of preferred D shares) (9,484)             (9,484)
Redemption of preferred stock (37,314)       (15) (37,299)    
Repurchase and cancellation of preferred treasury stock   $ (9,051)   $ (3)     $ (9,048)  
Preferred stock redemption expenses (7)         (7)    
Common share dividends declared and paid ($0.20 per share of common stock) (24,142)             (24,142)
Ending balance at Dec. 31, 2022 771,916   119   40 378,968   392,789
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 77,351             77,351
Share based compensation 144         144    
Preferred share dividends declared and paid ($2.00 per share of preferred C shares and $2.00 per share of preferred D shares) (8,000)             (8,000)
Repurchase and cancellation of preferred treasury stock   $ (26,222)   $ (7)     $ (26,215)  
Common share dividends declared and paid ($0.20 per share of common stock) (22,678)             (22,678)
Ending balance at Dec. 31, 2023 $ 792,511   $ 112   $ 40 $ 352,897   $ 439,462