XML 29 R6.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment [Member]
Common Stock Outstanding
Common Stock
Value of Shares Held in Rabbi Trust at Cost
Deferred Compensation Obligation
Additional Paid in Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment [Member]
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjustment [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [1]   $ 0             $ 831   $ (831)
Beginning balance at Dec. 31, 2017 $ 943,809     $ 273 $ (4,590) $ 4,590 $ 479,430 $ 465,937   $ (1,831)  
Beginning balance (in shares) at Dec. 31, 2017     27,450,190                
Prior Period Reclassification Adjustment                   (397)  
Net income 121,622             $ 121,622      
Other comprehensive income 1,886                 1,886  
Common Stock, Dividends, Per Share, Declared               $ 1.52      
Common dividend declared (42,051)             $ (42,051)      
Common stock issued for acquisition 42,474     5     42,469        
Common stock issued for acquisition (in shares)     528,353                
Proceeds from exercise of stock options, net of cash paid 184           184        
Proceeds from exercise of stock options (in shares)     23,195                
Stock based compensation 4,225           4,225        
Restricted stock awards issued, net of awards surrendered (in shares)     43,383                
Restricted stock awards issued, net of awards surrendered (1,371)     1     (1,372)        
Stock Issued During Period, Shares, Other     35,287                
Stock Issued During Period, Value, Other 2,712           2,712        
Increase (Decrease) in Deferred Compensation         (128) 128          
Ending balance (in shares) at Dec. 31, 2018     28,080,408                
Ending balance at Dec. 31, 2018 1,073,490     279 (4,718) 4,718 527,648 546,736   (1,173)  
Net income 165,175             $ 165,175      
Other comprehensive income 19,342                 19,342  
Common Stock, Dividends, Per Share, Declared               $ 1.76      
Common dividend declared (57,729)             $ (57,729)      
Common stock issued for acquisition 499,693     61     499,632        
Common stock issued for acquisition (in shares)     6,166,010                
Proceeds from exercise of stock options, net of cash paid 281     0     281        
Proceeds from exercise of stock options (in shares)     14,646                
Stock based compensation 4,403           4,403        
Restricted stock awards issued, net of awards surrendered (in shares)     50,080                
Restricted stock awards issued, net of awards surrendered (1,463)     1     (1,464)        
Stock Issued During Period, Shares, Other     66,244                
Stock Issued During Period, Value, Other 4,951     1     4,950        
Increase (Decrease) in Deferred Compensation $ 0                    
Increase (Decrease) in Deferred Compensation and Other Retirement Benefits         (17) 17          
Ending balance (in shares) at Dec. 31, 2019 34,377,388   34,377,388                
Ending balance at Dec. 31, 2019 $ 1,708,143     342 (4,735) 4,735 1,035,450 654,182   18,169  
Net income 121,167             $ 121,167      
Other comprehensive income 22,526                 22,526  
Common Stock, Dividends, Per Share, Declared               $ 1.84      
Common dividend declared (60,878)             $ (60,878)      
Common stock issued for acquisition 0                    
Proceeds from exercise of stock options (in shares)     8,873                
Stock based compensation 4,123           4,123        
Restricted stock awards issued, net of awards surrendered (in shares)     47,182                
Restricted stock awards issued, net of awards surrendered (1,187)     1     (1,188)        
Stock Issued During Period, Shares, Other     32,249                
Stock Issued During Period, Value, Other 2,132           2,132        
Stock Repurchased During Period, Shares     (1,500,000)                
Increase (Decrease) in Deferred Compensation $ 0                    
Increase (Decrease) in Deferred Compensation and Other Retirement Benefits         1,669 (1,669)          
Ending balance (in shares) at Dec. 31, 2020 32,965,692   32,965,692                
Ending balance at Dec. 31, 2020 $ 1,702,685     328 $ (3,066) $ 3,066 945,638 $ 716,024   $ 40,695  
Stock Repurchased During Period, Value, as a result of Stock Options Exercised 197           197        
Stock Repurchased During Period, Value (95,091)     $ (15)     $ (95,076)        
Off-Balance Sheet, Credit Loss, Liability, Change in Method, Credit Loss Expense (Reversal) (1,000)                    
Off-Balance Sheet, Credit Loss, Liability, Change in Method, Credit Loss Expense (Reversal), net of tax. 736                    
Financing Receivable, Allowance for Credit Losses, Effect of Change in Method, net of tax. $ 817                    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [2]   $ 1,553             $ 1,553    
[1] Represents adjustment needed to reflect the cumulative impact on retained earnings for the classification and measurement of investments in equity securities. Pursuant to the Company's adoption of Accounting Standards Update 2016-01, the Company's investments in equity securities will no longer be classified as available for sale, therefore the Company was required to reclassify the net unrealized gain recognized on the change in fair value of these equity securities from other comprehensive income to retained earnings.
[2] Represents adjustment needed to reflect the cumulative impact on retained earnings pursuant to the Company's adoption of Accounting Standards Update 2016-13. The adjustment presented includes $1.1 million ($817,000, net of tax) attributable to the change in accounting methodology for estimating the allowance for credit losses and $1.0 million ($736,000, net of tax) related to the reserve for unfunded commitments resulting from the Company's adoption of the standard. Amount shown in the table above is presented net of tax.