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Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjusted Balance
Common stock
Preferred Stock
Additional paid-in capital
Retained earnings
Retained earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Accumulated Other Comprehensive Loss
Treasury Stock, Common
Common shares outstanding at Dec. 31, 2021       8,457,564              
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures       47,864              
Issuance of common stock under the employee stock purchase plan, shares       1,380              
Treasury stock purchased, shares       (18,223)              
Common shares outstanding at Mar. 31, 2022       8,488,585              
Beginning balance at Dec. 31, 2021 $ 232,422     $ 93 $ 0 $ 85,797 $ 170,020     $ (1,457) $ (22,031)
Net income 8,672           8,672        
Other comprehensive income (loss) (6,406)                 (6,406)  
Stock Issued During Period, Value, New Issues 11,992       11,992            
Share-based compensation - restricted shares 609     1   608          
Issuance of common stock under the employee stock purchase plan 40         40          
Stock Issued During Period, Value, Treasury Stock Reissued 0         (1,002)         1,002
Cash Dividends (1,670)           (1,670)        
Treasury stock purchased (608)                   (608)
Ending balance at Mar. 31, 2022 245,051     $ 94 11,992 85,443 177,022     (7,863) (21,637)
Common shares outstanding at Dec. 31, 2021       8,457,564              
Common shares outstanding at Sep. 30, 2022       8,432,048              
Beginning balance at Dec. 31, 2021 232,422     $ 93 0 85,797 170,020     (1,457) (22,031)
Net income 30,702                    
Preferred stock dividend 464                    
Ending balance at Sep. 30, 2022 253,004     $ 94 11,992 86,803 195,235     (16,588) (24,532)
Common shares outstanding at Mar. 31, 2022       8,488,585              
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures       27,114              
Issuance of common stock under the employee stock purchase plan, shares       1,254              
Treasury stock purchased, shares       (41,000)              
Common shares outstanding at Jun. 30, 2022       8,475,953              
Beginning balance at Mar. 31, 2022 245,051     $ 94 11,992 85,443 177,022     (7,863) (21,637)
Net income 11,204           11,204        
Other comprehensive income (loss) (3,725)                 (3,725)  
Share-based compensation - restricted shares 645     0   645          
Issuance of common stock under the employee stock purchase plan 35         35          
Preferred stock dividend 246           246        
Cash Dividends (1,678)           (1,678)        
Treasury stock purchased (1,363)                   (1,363)
Ending balance at Jun. 30, 2022 249,923     $ 94 11,992 86,123 186,302     (11,588) (23,000)
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures       1,291              
Issuance of common stock under the employee stock purchase plan, shares       1,006              
Treasury stock purchased, shares       (46,202)              
Common shares outstanding at Sep. 30, 2022       8,432,048              
Net income 10,826           10,826        
Other comprehensive income (loss) (5,000)                 (5,000)  
Share-based compensation - restricted shares 651     $ 0   651          
Issuance of common stock under the employee stock purchase plan 29         29          
Preferred stock dividend 218           218        
Cash Dividends (1,675)           (1,675)        
Treasury stock purchased (1,532)                   (1,532)
Ending balance at Sep. 30, 2022 $ 253,004     $ 94 11,992 86,803 195,235     (16,588) (24,532)
Common shares outstanding at Dec. 31, 2022 8,362,085     8,362,085              
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures       (426)              
Issuance of common stock under the employee stock purchase plan, shares       1,005              
Treasury stock purchased, shares       (56,394)              
Common shares outstanding at Mar. 31, 2023       8,306,270              
Beginning balance at Dec. 31, 2022 $ 260,640 $ 1,353 $ 259,287 $ 94 11,992 87,512 203,507 $ (1,353) $ 202,154 (15,310) (27,155)
Net income 8,979           8,979        
Other comprehensive income (loss) 1,639                 1,639  
Share-based compensation - restricted shares 634     0   634          
Issuance of common stock under the employee stock purchase plan 27         27          
Preferred stock dividend 219           219        
Cash Dividends (1,906)           (1,906)        
Treasury stock purchased (1,860)                   (1,860)
Ending balance at Mar. 31, 2023 $ 266,581 1,400   $ 94 11,992 88,173 209,008     (13,671) (29,015)
Common shares outstanding at Dec. 31, 2022 8,362,085     8,362,085              
Issuance of common stock under the employee stock purchase plan, shares 3,183                    
Common shares outstanding at Sep. 30, 2023 8,315,186     8,315,186              
Beginning balance at Dec. 31, 2022 $ 260,640 1,353 $ 259,287 $ 94 11,992 87,512 203,507 $ (1,353) $ 202,154 (15,310) (27,155)
Net income 27,257                    
Preferred stock dividend 656                    
Ending balance at Sep. 30, 2023 280,758     $ 95 11,992 89,947 223,068     (14,234) (30,110)
Common shares outstanding at Mar. 31, 2023       8,306,270              
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures       45,280              
Issuance of common stock under the employee stock purchase plan, shares       1,044              
Treasury stock purchased, shares       (37,129)              
Common shares outstanding at Jun. 30, 2023       8,315,465              
Beginning balance at Mar. 31, 2023 266,581 $ 1,400   $ 94 11,992 88,173 209,008     (13,671) (29,015)
Net income 8,337           8,337        
Other comprehensive income (loss) (206)                 (206)  
Share-based compensation - restricted shares 1,072     1   1,071          
Issuance of common stock under the employee stock purchase plan 28         28          
Preferred stock dividend 219           219        
Cash Dividends (1,889)           (1,889)        
Treasury stock purchased (1,072)                   (1,072)
Ending balance at Jun. 30, 2023 $ 272,632     $ 95 11,992 89,272 215,237     (13,877) (30,087)
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures       (702)              
Issuance of common stock under the employee stock purchase plan, shares       1,134              
Treasury stock purchased, shares       (711)              
Common shares outstanding at Sep. 30, 2023 8,315,186     8,315,186              
Net income $ 9,941           9,941        
Other comprehensive income (loss) (357)                 (357)  
Share-based compensation - restricted shares 643     $ 0   643          
Issuance of common stock under the employee stock purchase plan 32         32          
Preferred stock dividend 218           218        
Cash Dividends (1,892)           (1,892)        
Treasury stock purchased (23)                   (23)
Ending balance at Sep. 30, 2023 $ 280,758     $ 95 $ 11,992 $ 89,947 $ 223,068     $ (14,234) $ (30,110)