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Consolidated Statements of Changes In Shareholders' Equity - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Treasury Stock
Beginning balance (in shares) at Dec. 31, 2019   8,480,938        
Beginning balance at Dec. 31, 2019 $ 237,874 $ 8,481 $ 178,159 $ 50,891 $ 343 $ 0
Net income 26,209     26,209    
Total other comprehensive loss, net of taxes (400)       (400)  
Common stock dividends declared (6,925)     (6,925)    
Repurchased stock (1,795)         (1,795)
Employee Stock Purchase Plan (in shares)   8,005        
Employee Stock Purchase Plan 155 $ 8 147      
Director Stock Purchase Plan (in shares)   8,121        
Director Stock Purchase Plan 156 $ 8 148      
Restricted stock activity (in shares)   14,771        
Restricted stock activity 414 $ 15 399      
Ending balance (in shares) at Dec. 31, 2020   8,511,835        
Ending balance at Dec. 31, 2020 255,688 $ 8,512 178,853 70,175 (57) (1,795)
Net income 29,319     29,319    
Total other comprehensive loss, net of taxes 215       215  
Common stock dividends declared (8,451)     (8,451)    
Common shares issued through follow-on public offering, net of underwriting discounts and offering expenses (in shares) [1]   2,990,000        
Common shares issued through follow-on public offering, net of underwriting discounts and offering expenses [1] 70,238 $ 2,990 67,248      
Common stock issued to Riverview shareholders (in shares) [2]   4,519,776        
Common stock issued to Riverview shareholders [2] 142,192 $ 4,520 137,672      
Repurchased stock (128)         (128)
Employee Stock Purchase Plan (in shares)   6,066        
Employee Stock Purchase Plan 172 $ 6 166      
Director Stock Purchase Plan (in shares)   4,771        
Director Stock Purchase Plan 135 $ 5 130      
Restricted stock activity (in shares)   23,834        
Restricted stock activity 696 $ 23 673      
Ending balance (in shares) at Dec. 31, 2021   16,056,282        
Ending balance at Dec. 31, 2021 490,076 $ 16,056 384,742 91,043 158 (1,923)
Net income 54,806     54,806    
Total other comprehensive loss, net of taxes (19,374)       (19,374)  
Common stock dividends declared (12,735)     (12,735)    
Common stock issued to Riverview shareholders [3] 776   776      
Repurchased stock (2,957)         (2,957)
Employee Stock Purchase Plan (in shares)   7,152        
Employee Stock Purchase Plan 200 $ 7 193      
Director Stock Purchase Plan (in shares)   5,876        
Director Stock Purchase Plan 165 $ 6 159      
Restricted stock activity (in shares)   25,176        
Restricted stock activity 1,142 $ 25 1,117      
Ending balance (in shares) at Dec. 31, 2022   16,094,486        
Ending balance at Dec. 31, 2022 $ 512,099 $ 16,094 $ 386,987 $ 133,114 $ (19,216) $ (4,880)
[1] Shares issued in offering were net of expenses of $4.6 million.
[2] Shares issued on November 30, 2021 as a result of the acquisition of Riverview Financial Corporation ("Riverview"). See "Note 2 - Business Combinations", to the Consolidated Financial Statements for more information.
[3] Additionally, 2,500 shares of restricted stock were paid out in cash resulting in $776 thousand of cash consideration relating to stock awards.