Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Changes in Stockholders' Equity (Unaudited)

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Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock - Number of Shares, Shares Issued
Treasury Stock, Common [Member]
Additional Paid-in Capital
Accumulated Other Comprehensive Loss
Retained Earnings
Balance at beginning of period at Dec. 31, 2022 $ 637,515 $ 33 $ (126,485) $ 583,410 $ (88,985) $ 269,542
Beginning balance, shares issued (shares) at Dec. 31, 2022   33,708,234        
Beginning balance, treasury stock (shares) at Dec. 31, 2022     (3,222,613)      
Beginning balance, shares outstanding (shares) at Dec. 31, 2022   30,485,621        
Stock options exercised (181)   $ (1,003) 822    
Stock options exercised (shares)   50,000        
Stock options exercised, treasury stock (shares)     (35,273)      
Stock options exercised, shares outstanding (shares)   14,727        
Issuance of awards pursuant to equity incentive plans, net of forfeitures (shares)   69,567        
Share-based compensation expense 652     652    
Shares surrendered to satisfy tax liability upon vesting of equity awards (115)   $ (115)      
Shares surrendered to satisfy tax liability upon vesting of equity awards (shares)   (11,392) (11,392)      
Repurchase of common stock (shares)   (3,236) (3,236)      
Cash dividends paid (common stock, $0.25/share, $0.25/share) (7,623)         (7,623)
Net income 21,991         21,991
Change in unrealized gain (loss) on securities available for sale, net of income taxes 9,926       9,926  
Balance at end of period at Mar. 31, 2023 662,165 $ 33 $ (127,603) 584,884 (79,059) 283,910
Ending balance, shares issued (shares) at Mar. 31, 2023   33,827,801        
Ending balance, treasury stock (shares) at Mar. 31, 2023     3,272,514      
Ending balance, shares outstanding (shares) at Mar. 31, 2023   30,555,287        
Balance at beginning of period at Dec. 31, 2023 $ 701,891 $ 34 $ (132,175) 586,912 (71,928) 319,048
Beginning balance, shares issued (shares) at Dec. 31, 2023   33,918,035        
Beginning balance, treasury stock (shares) at Dec. 31, 2023 (3,549,380)   (3,549,380)      
Beginning balance, shares outstanding (shares) at Dec. 31, 2023   30,368,655        
Issuance of awards pursuant to equity incentive plans, net of forfeitures (shares)   39,249        
Share-based compensation expense $ 775     775    
Shares surrendered to satisfy tax liability upon vesting of equity awards (490)   $ (490)      
Shares surrendered to satisfy tax liability upon vesting of equity awards (shares)   (31,546) (31,546)      
Repurchase of common stock (1,592)   $ (1,592)      
Repurchase of common stock (shares)   (100,000) (100,000)      
Cash dividends paid (common stock, $0.25/share, $0.25/share) (7,686)         (7,686)
Net income 15,164         15,164
Change in unrealized gain (loss) on securities available for sale, net of income taxes (3,394)       (3,394)  
Change in unrealized gain (loss) on cash flow hedge, net of income taxes (1,568)       (1,568)  
Balance at end of period at Mar. 31, 2024 $ 703,100 $ 34 $ (134,257) $ 587,687 $ (76,890) $ 326,526
Ending balance, shares issued (shares) at Mar. 31, 2024   33,957,284        
Ending balance, treasury stock (shares) at Mar. 31, 2024 (3,680,926)   (3,680,926)      
Ending balance, shares outstanding (shares) at Mar. 31, 2024   30,276,358