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Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Cash Dividend [Member]
Common Stock Including Additional Paid in Capital [Member]
Cash Dividend [Member]
Retained Earnings [Member]
Cash Dividend [Member]
AOCI Attributable to Parent [Member]
Cash Dividend [Member]
Common Stock Including Additional Paid in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Balance (in shares) at Dec. 31, 2019         7,245,088      
Balance at Dec. 31, 2019         $ 162,610 $ 28,051 $ 1,478 $ 192,139
Net income         11,513 11,513
Other comprehensive income (loss)         7,791 7,791
Shares issued (in shares)         14,291      
Shares issued         $ 304 304
Effect of employee stock purchases         $ 11 11
Stock options exercised and issued (in shares) [1]         7,261      
Stock options exercised and issued [1]         $ 9 9
Stock-based compensation expense         $ 123 123
Merger with Community Shores Bank Corporation (in shares)         524,055      
Merger with Community Shores Bank Corporation         $ 15,494 15,494
Cash dividends declared $ (4,459) $ (4,459)        
Restricted stock units issued (in shares)         365      
Restricted stock units issued         0
Balance (in shares) at Sep. 30, 2020         7,791,060      
Balance at Sep. 30, 2020         $ 178,551 35,106 9,269 222,925
Balance (in shares) at Jun. 30, 2020         7,261,605      
Balance at Jun. 30, 2020         $ 162,862 32,835 6,926 202,623
Net income         3,829 3,829
Other comprehensive income (loss)         2,343 2,343
Shares issued (in shares)         5,169      
Shares issued         $ 143 143
Effect of employee stock purchases         $ 4 4
Stock options exercised and issued (in shares) [1]         231      
Stock options exercised and issued [1]         0
Stock-based compensation expense         $ 48 48
Merger with Community Shores Bank Corporation (in shares)         524,055      
Merger with Community Shores Bank Corporation         $ 15,493 15,493
Cash dividends declared (1,558) (1,558)        
Balance (in shares) at Sep. 30, 2020         7,791,060      
Balance at Sep. 30, 2020         $ 178,551 35,106 9,269 $ 222,925
Balance (in shares) at Dec. 31, 2020         7,796,352     7,796,352
Balance at Dec. 31, 2020         $ 178,750 37,490 11,028 $ 227,268
Net income         17,029 17,029
Other comprehensive income (loss)         (9,059) (9,059)
Shares issued (in shares)         17,810      
Shares issued         $ 420 420
Effect of employee stock purchases         19 19
Stock-based compensation expense         $ 260 $ 260
Cash dividends declared (5,322) (5,322)        
Effect of employee stock purchases (in shares)              
Shares repurchased (in shares)         (222,941)     (223,000)
Shares repurchased         $ (5,561) $ (5,561)
Balance (in shares) at Sep. 30, 2021         7,591,221     7,591,221
Balance at Sep. 30, 2021         $ 173,888 49,198 1,969 $ 225,055
Balance (in shares) at Jun. 30, 2021         7,692,537      
Balance at Jun. 30, 2021         $ 176,323 45,352 6,846 228,521
Net income         5,749 5,749
Other comprehensive income (loss)         (4,877) (4,877)
Shares issued (in shares)         5,924      
Shares issued         $ 139 139
Effect of employee stock purchases         6 6
Stock-based compensation expense         $ 84 84
Cash dividends declared $ (1,903) $ (1,903)        
Effect of employee stock purchases (in shares)              
Shares repurchased (in shares)         (107,240)      
Shares repurchased         $ (2,664) $ (2,664)
Balance (in shares) at Sep. 30, 2021         7,591,221     7,591,221
Balance at Sep. 30, 2021         $ 173,888 $ 49,198 $ 1,969 $ 225,055
[1] The amount shown represents the number of shares issued upon exercise of options, net of shares withheld for payment of certain taxes.