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Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Preferred Stock [Member]
Common Stock Outstanding [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Balance (in shares) at Dec. 31, 2022 0 16,225,399        
Balance at Dec. 31, 2022 $ 0 $ 16,225 $ 128,508 $ 292,971 $ (15,719) $ 421,985
Surrey acquisition (in shares) 0 2,996,786        
Surrey acquisition $ 0 $ 2,997 68,357 0 0 71,354
Net income 0 0 0 21,596 0 21,596
Other comprehensive income 0 0 0 0 1,258 1,258
Common dividends declared $ 0 $ 0 0 (10,272) 0 (10,272)
Equity-based compensation expense (in shares) 0 24,243        
Equity-based compensation expense $ 0 $ 24 408 0 0 432
Common stock options exercised (in shares) 0 2,158        
Common stock options exercised $ 0 $ 2 46 0 0 48
Repurchase of common shares (in shares) 0 (279,567)        
Repurchase of common shares $ 0 $ (279) (7,410) 0 0 (7,689)
Issuance of common stock to 401(k) plan (in shares) 0 262        
Issuance of common stock to 401(k) plan $ 0 $ 0 8 0 0 8
Balance (in shares) at Jun. 30, 2023 0 18,969,281        
Balance at Jun. 30, 2023 $ 0 $ 18,969 189,917 304,295 (14,461) 498,720
Balance (in shares) at Mar. 31, 2023 0 16,243,551        
Balance at Mar. 31, 2023 $ 0 $ 16,243 128,666 300,047 (13,225) 431,731
Surrey acquisition (in shares) 0 2,996,786        
Surrey acquisition $ 0 $ 2,997 68,357 0 0 71,354
Net income 0 0 0 9,814 0 9,814
Other comprehensive income 0 0 0 0 (1,236) (1,236)
Common dividends declared $ 0 $ 0 0 (5,566) 0 (5,566)
Equity-based compensation expense (in shares) 0 8,511        
Equity-based compensation expense $ 0 $ 9 304 0 0 313
Common stock options exercised (in shares) 0 0        
Common stock options exercised $ 0 $ 0 0 0 0 0
Repurchase of common shares (in shares) 0 (279,567)        
Repurchase of common shares $ 0 $ (280) (7,410) 0 0 (7,690)
Balance (in shares) at Jun. 30, 2023 0 18,969,281        
Balance at Jun. 30, 2023 $ 0 $ 18,969 189,917 304,295 (14,461) 498,720
Balance (in shares) at Dec. 31, 2023 0 18,502,396        
Balance at Dec. 31, 2023 $ 0 $ 18,502 175,841 319,902 (10,951) 503,294 [1]
Net income 0 0 0 25,531 0 25,531
Other comprehensive income 0 0 0 0 (1,463) (1,463)
Common dividends declared $ 0 $ 0 0 (10,677) 0 (10,677)
Equity-based compensation expense (in shares) 0 9,204        
Equity-based compensation expense $ 0 $ 9 394 0 0 403
Common stock options exercised (in shares) 0 3,025        
Common stock options exercised $ 0 $ 3 39 0 0 42
Repurchase of common shares (in shares) 0 (244,440)        
Repurchase of common shares $ 0 $ (244) (8,005) 0 0 (8,249)
Issuance of common stock to 401(k) plan (in shares) 0 88        
Issuance of common stock to 401(k) plan $ 0 $ 0 3 0 0 3
Balance (in shares) at Jun. 30, 2024 0 18,270,273        
Balance at Jun. 30, 2024 $ 0 $ 18,270 168,272 334,756 (12,414) 508,884
Balance (in shares) at Mar. 31, 2024 0 18,413,088        
Balance at Mar. 31, 2024 $ 0 $ 18,413 173,041 327,389 (11,899) 506,944
Net income 0 0 0 12,686 0 12,686
Other comprehensive income 0 0 0 0 (515) (515)
Common dividends declared $ 0 $ 0 0 (5,319) 0 (5,319)
Equity-based compensation expense (in shares) 0 9,204        
Equity-based compensation expense $ 0 $ 9 313 0 0 322
Common stock options exercised (in shares) 0 3,025        
Common stock options exercised $ 0 $ 3 39 0 0 42
Repurchase of common shares (in shares) 0 (155,044)        
Repurchase of common shares $ 0 $ (155) (5,121) 0 0 (5,276)
Balance (in shares) at Jun. 30, 2024 0 18,270,273        
Balance at Jun. 30, 2024 $ 0 $ 18,270 $ 168,272 $ 334,756 $ (12,414) $ 508,884
[1] Derived from audited financial statements