Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2014 $ 977,169 $ 59,795 $ 643,443 $ 261,676 [1] $ 12,255
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 67,079     67,079  
Other comprehensive income (loss), (net of taxes) (6,003)       (6,003)
Issuance of common stock in regard to acquisition 0        
Dividends on common stock (29,082)     (29,082)  
Stock purchased under stock repurchase plan (16,260) (889) (15,371)    
Issuance of common stock under Dividend Reinvestment Plan 0 93 1,446 (1,539)  
Issuance of common stock under Equity Compensation Plans 928 80 848    
Issuance of common stock for services rendered 564 32 532    
Vesting of restricted stock, including tax effects, under Equity Compensation Plan (416) 48 (464)    
Stock-based compensation expense 1,388   1,388    
Ending balance at Dec. 31, 2015 995,367 59,159 631,822 298,134 6,252
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Cumulative impact resulting from the adoption of ASU-2014-01       856  
Net income 77,476     77,476  
Other comprehensive income (loss), (net of taxes) (10,061)       (10,061)
Issuance of common stock in regard to acquisition 453 23 430    
Dividends on common stock (33,672)     (33,672)  
Stock purchased under stock repurchase plan (33,177) (1,877) (31,300)    
Issuance of common stock under Equity Compensation Plans 1,429 118 1,311    
Issuance of common stock for services rendered 533 25 508    
Vesting of restricted stock, including tax effects, under Equity Compensation Plan (586) 58 (644)    
Stock-based compensation expense 3,270   3,270    
Ending balance at Dec. 31, 2016 1,001,032 57,506 605,397 341,938 (3,809)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 72,923     72,923  
Other comprehensive income (loss), (net of taxes) 2,925       2,925
Issuance of common stock in regard to acquisition 0        
Dividends on common stock (35,393)     (35,393)  
Issuance of common stock under Equity Compensation Plans 1,037 84 953    
Issuance of common stock for services rendered 724 28 696    
Vesting of restricted stock, including tax effects, under Equity Compensation Plan (1,567) 126 (1,693)    
Stock-based compensation expense 4,648   4,648    
Ending balance at Dec. 31, 2017 $ 1,046,329 $ 57,744 $ 610,001 $ 379,468 $ (884)
[1] Retained earnings as of December 31, 2014 includes the cumulative impact of $856,000, resulting from the adoption of ASU No. 2014-01 “Investments - Equity Method and Joint Ventures (Topic 323): Accounting For Investments in Qualified Affordable Housing Projects.” See Note 1 “Summary of Significant Accounting Policies” for additional information.