v3.24.1.1.u2
Consolidated Statements of Changes in Stockholders' Equity (unaudited) - USD ($)
$ in Thousands
Total
Cumulative effect adjustment due to adoption of the CECL standard
Common Stock
Additional Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative effect adjustment due to adoption of the CECL standard
Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Dec. 31, 2022     14,138,829        
Beginning balance at Dec. 31, 2022 $ 224,015 $ (29) $ 141 $ 58,190 $ 182,435 $ (29) $ (16,751)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 9,735       9,735    
Unrealized gain (loss) on investment securities available for sale, net of income taxes 2,792           2,792
Stock options exercised, net of shares withheld for purchase price (in shares)     63,064        
Stock options exercised, net of shares withheld for purchase price 589   $ 1 782 (194)    
Shares issued as compensation (in shares)     28,081        
Shares issued as compensation 546     585 (39)    
Stock-based compensation 438     438      
Cash dividends to stockholders (850)       (850)    
Shares repurchased and retired (in shares)     (146,937)        
Shares repurchased and retired (2,719)   $ (1) (2,718)      
Ending balance (in shares) at Mar. 31, 2023     14,083,037        
Ending balance at Mar. 31, 2023 $ 234,517   $ 141 57,277 191,058   (13,959)
Beginning balance (in shares) at Dec. 31, 2023 13,922,532            
Beginning balance at Dec. 31, 2023 $ 254,860   $ 139 54,473 213,345   (13,097)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 6,562       6,562    
Unrealized gain (loss) on investment securities available for sale, net of income taxes (537)           (537)
Stock options exercised, net of shares withheld for purchase price (in shares)     10,171        
Stock options exercised, net of shares withheld for purchase price 107     146 (39)    
Shares issued as compensation (in shares)     24,729        
Shares issued as compensation 515     537 (22)    
Stock-based compensation 472     472      
Cash dividends to stockholders (1,115)       (1,115)    
Shares repurchased and retired (in shares)     (67,869)        
Shares repurchased and retired $ (1,399)     (1,399)      
Ending balance (in shares) at Mar. 31, 2024 13,889,563   13,889,563        
Ending balance at Mar. 31, 2024 $ 259,465   $ 139 $ 54,229 $ 218,731   $ (13,634)