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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, 2022       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     $ 94 11,992 88,173 209,008     (13,671) (29,015)
Common shares outstanding at Dec. 31, 2023 8,314,778     8,314,778              
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures       6,940              
Issuance of common stock under the employee stock purchase plan, shares 913     913              
Treasury stock purchased, shares       (16,058)              
Common shares outstanding at Mar. 31, 2024 8,306,573     8,306,573              
Beginning balance at Dec. 31, 2023 $ 289,588     $ 95 11,992 90,616 230,728     (13,717) (30,126)
Net income 8,848           8,848        
Other comprehensive income (loss) 1,541                 1,541  
Share-based compensation - restricted shares 665     0   665          
Issuance of common stock under the employee stock purchase plan 31         31          
Preferred stock dividend 219           219        
Cash Dividends (2,087)           (2,087)        
Treasury stock purchased (579)                   (579)
Ending balance at Mar. 31, 2024 $ 297,788     $ 95 $ 11,992 $ 91,312 $ 237,270     $ (12,176) $ (30,705)