XML 17 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Changes In Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
 [1]
Common Stock
Additional Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
 [1]
Accumulated Other Comprehensive (Loss) Income
Treasury Stock
Balance (in shares) at Dec. 31, 2022     16,094,486          
Balance, beginning at Dec. 31, 2022 $ 512,099 $ (11,548) $ 16,094 $ 386,987 $ 133,114 $ (11,548) $ (19,216) $ (4,880)
Net income 11,227       11,227      
Total other comprehensive income (loss), net of taxes 1,842           1,842  
Common stock cash dividends declared - $0.20 per share (3,176)       (3,176)      
Employee Stock Purchase Plan (in shares)     2,217          
Employee Stock Purchase Plan 57   $ 2 55        
Director Stock Purchase Plan (in shares)     1,651          
Director Stock Purchase Plan 43   $ 2 41        
Restricted stock activity 249     249        
Balance (in shares) at Mar. 31, 2023     16,098,354          
Balance, ending at Mar. 31, 2023 510,793   $ 16,098 387,332 129,617   (17,374) (4,880)
Balance (in shares) at Dec. 31, 2022     16,094,486          
Balance, beginning at Dec. 31, 2022 512,099 $ (11,548) $ 16,094 386,987 133,114 $ (11,548) (19,216) (4,880)
Net income 16,063              
Total other comprehensive income (loss), net of taxes 1,411              
Balance (in shares) at Jun. 30, 2023     16,980,300          
Balance, ending at Jun. 30, 2023 525,888   $ 16,980 404,902 131,271   (17,805) (9,460)
Balance (in shares) at Mar. 31, 2023     16,098,354          
Balance, beginning at Mar. 31, 2023 510,793   $ 16,098 387,332 129,617   (17,374) (4,880)
Net income 4,836       4,836      
Total other comprehensive income (loss), net of taxes (431)           (431)  
Common stock cash dividends declared - $0.20 per share (3,182)       (3,182)      
Common stock issued to Brunswick shareholders (in shares) [2]     849,510          
Common stock issued to Brunswick shareholders [2] 18,095   $ 850 17,245        
Repurchased stock (4,580)             (4,580)
Employee Stock Purchase Plan (in shares)     2,258          
Employee Stock Purchase Plan 50   $ 2 48        
Director Stock Purchase Plan (in shares)     2,511          
Director Stock Purchase Plan 56   $ 3 53        
Restricted stock activity (in shares)     27,667          
Restricted stock activity 251   $ 27 224        
Balance (in shares) at Jun. 30, 2023     16,980,300          
Balance, ending at Jun. 30, 2023 525,888   $ 16,980 404,902 131,271   (17,805) (9,460)
Balance (in shares) at Dec. 31, 2023     16,998,929          
Balance, beginning at Dec. 31, 2023 542,350   $ 16,999 405,725 145,982   (16,637) (9,719)
Net income 12,133       12,133      
Total other comprehensive income (loss), net of taxes (310)           (310)  
Common stock cash dividends declared - $0.20 per share (3,314)       (3,314)      
Repurchased stock (323)             (323)
Employee Stock Purchase Plan (in shares)     5,653          
Employee Stock Purchase Plan 112   $ 5 107        
Director Stock Purchase Plan (in shares)     1,777          
Director Stock Purchase Plan 36   $ 2 34        
Restricted stock activity 284     284        
Balance (in shares) at Mar. 31, 2024     17,006,359          
Balance, ending at Mar. 31, 2024 550,968   $ 17,006 406,150 154,801   (16,947) (10,042)
Balance (in shares) at Dec. 31, 2023     16,998,929          
Balance, beginning at Dec. 31, 2023 542,350   $ 16,999 405,725 145,982   (16,637) (9,719)
Net income 23,904              
Total other comprehensive income (loss), net of taxes (486)              
Common stock issued to Brunswick shareholders 776              
Balance (in shares) at Jun. 30, 2024     17,051,236          
Balance, ending at Jun. 30, 2024 559,686   $ 17,051 406,544 163,256   (17,123) (10,042)
Balance (in shares) at Mar. 31, 2024     17,006,359          
Balance, beginning at Mar. 31, 2024 550,968   $ 17,006 406,150 154,801   (16,947) (10,042)
Net income 11,771       11,771      
Total other comprehensive income (loss), net of taxes (176)           (176)  
Common stock cash dividends declared - $0.20 per share (3,316)       (3,316)      
Employee Stock Purchase Plan (in shares)     5,123          
Employee Stock Purchase Plan 103   $ 5 98        
Director Stock Purchase Plan (in shares)     1,389          
Director Stock Purchase Plan 30   $ 1 29        
Restricted stock activity (in shares)     38,365          
Restricted stock activity 306   $ 39 267        
Balance (in shares) at Jun. 30, 2024     17,051,236          
Balance, ending at Jun. 30, 2024 $ 559,686   $ 17,051 $ 406,544 $ 163,256   $ (17,123) $ (10,042)
[1] The Corporation adopted ASU 2016-13 "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" effective January 1, 2023. See "Note 1 - Summary of Significant Accounting Policies" for further details.
[2] Shares issued on May 19, 2023 as a result of the Brunswick Acquisition. See "Note 2 - Business Combinations" to the Consolidated Financial Statements for more information.