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Consolidated Statement of Shareholders' Equity - USD ($)
$ in Thousands
Common stock
Preferred stock
8% Preferred Stock
Preferred stock
7% Series A Preferred Stock
Preferred stock
6% Series B Preferred Stock
Preferred stock
6% Series C Preferred Stock
Public Offering
Preferred stock
6% Series C Preferred Stock
Private Placement
Preferred stock
6% Series C Preferred Stock
Preferred stock
8.25% Series D Preferred Stock
Retained Earnings
6% Series B Preferred Stock
Retained Earnings
6% Series C Preferred Stock
Retained Earnings
8.25% Series D Preferred Stock
Retained Earnings
Impact from adoption of ASU
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Total
Balance at beginning of the period at Dec. 31, 2019 $ 135,640 [1] $ 41,581                     $ 304,984 $ 458  
Balance at beginning of the period (in shares) at Dec. 31, 2019 43,059,657 [1] 41,625                          
Consolidated Statements of Shareholders' Equity                              
Net income                         180,533   $ 180,533
Treasury shares constructively retired $ (150)                       (102)    
Treasury shares constructively retired (in shares) (22,500)                            
Dividends on 8% preferred stock, annually                         (3,330)    
Dividends on 7% preferred stock, annually                         (3,643)    
Dividends on 6% preferred stock, annually                 $ (7,500)            
Dividends on common stock, annually                         (9,198)    
Other comprehensive loss                           (84) (84)
Shares issued for stock compensation plans, net of taxes withheld to satisfy tax obligations $ 367                            
Shares issued for stock compensation plans, net of taxes withheld to satisfy tax obligations (in shares) 83,468                            
Balance at end of the period at Dec. 31, 2020 $ 135,857 [1] $ 41,581 $ 50,221 $ 120,844                 461,744 374 810,621
Balance at end of the period (in shares) at Dec. 31, 2020 43,120,625 [1] 41,625 2,081,800 125,000                      
Consolidated Statements of Shareholders' Equity                              
Net income                         227,104   227,104
Issuance of shares, net of offering expenses         $ 144,926 $ 46,158                  
Issuance of shares, net of offering expenses (in shares)         150,000 46,181                  
Dividends on 8% preferred stock, annually                         (833)    
Final dividend for redemption of 8% preferred stock                         (139)    
Dividends on 7% preferred stock, annually                         (3,643)    
Dividends on 6% preferred stock, annually                 (7,500) $ (8,758)          
Dividends on common stock, annually                         (10,362)    
Deconsolidation of entities                         (419)    
Other comprehensive loss                           (1,828) $ (1,828)
Redemption of 8% preferred stock   $ (41,581)                     (45)    
Redemption of 8% preferred stock (in shares)   (41,625)                          
Repurchase of common stock (in shares)                             0
Distribution to employee stock ownership plan $ (537)                            
Distribution to employee stock ownership plan (in shares) (29,149)                            
Shares issued for stock compensation plans, net of taxes withheld to satisfy tax obligations $ 1,171                            
Shares issued for stock compensation plans, net of taxes withheld to satisfy tax obligations (in shares) 30,305                            
Balance at end of the period at Dec. 31, 2021 $ 137,565 [1]   $ 50,221 $ 120,844     $ 191,084           657,149 (1,454) $ 1,155,409
Balance at end of the period (in shares) at Dec. 31, 2021 43,180,079 [1]   2,081,800 125,000     196,181                
Consolidated Statements of Shareholders' Equity                              
Net income                         219,721   219,721
Issuance of shares, net of offering expenses               $ 137,459              
Issuance of shares, net of offering expenses (in shares)               142,500              
Dividends on 7% preferred stock, annually                         (3,643)    
Dividends on 6% preferred stock, annually                 $ (7,500) $ (11,772)          
Dividends 8.25 Percent Series D Preferred Stock                     $ (3,068)        
Dividends on common stock, annually                         (12,084)    
Other comprehensive loss                           (9,067) (9,067)
Repurchase of common stock $ (1,761)                       (2,174)    
Repurchase of common stock (in shares) (165,037)                            
Cash paid in lieu of fractional shares for stock split $ (1)                            
Cash paid in lieu of fractional shares for stock split (in shares) (29)                            
Distribution to employee stock ownership plan $ (653)                            
Distribution to employee stock ownership plan (in shares) (20,709)                            
Shares issued for stock compensation plans, net of taxes withheld to satisfy tax obligations $ 1,325                            
Shares issued for stock compensation plans, net of taxes withheld to satisfy tax obligations (in shares) 77,405                            
Balance at end of the period (ASU 2016-13) at Dec. 31, 2022                       $ (3,648)      
Balance at end of the period (ASU 2016-02) at Dec. 31, 2022                       $ (110)      
Balance at end of the period at Dec. 31, 2022 $ 137,781   $ 50,221 $ 120,844     $ 191,084 $ 137,459         $ 832,871 $ (10,521) $ 1,459,739
Balance at end of the period (in shares) at Dec. 31, 2022 43,113,127   2,081,800 125,000     196,181 142,500              
[1] The number of shares have been restated to reflect the 3-for-2 common stock split, effective on January 17, 2022.