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Consolidated Statements of Changes in Stockholders' Equity - 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
Beginning balance at Dec. 31, 2021 $ 232,422     $ 93   $ 85,797 $ 170,020     $ (1,457) $ (22,031)
Common shares outstanding at Dec. 31, 2021       8,457,564              
Net income 40,858           40,858        
Other comprehensive income (loss) (13,853)                 (13,853)  
Issuance of preferred stock, net of issuance costs 11,992       $ 11,992            
Share-based compensation - restricted shares and employee stock purchase plan 2,584     $ 1   2,583          
Share-based compensation restricted shares and employee stock purchase plan, shares       75,564              
Issuance of common stock under the employee stock purchase plan 134         134          
Issuance of common stock under the employee stock purchase plan, shares       4,535              
Treasury stock re-issued           (1,002)         1,002
Preferred stock dividends (683)           (683)        
Cash dividends (6,688)           (6,688)        
Treasury stock purchased (6,126)                   (6,126)
Treasury stock purchased, shares       (175,578)              
Ending 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)
Common shares outstanding at Dec. 31, 2022       8,362,085              
Net income 37,027           37,027        
Other comprehensive income (loss) 1,593                 1,593  
Share-based compensation - restricted shares and employee stock purchase plan 2,977     $ 1   2,976          
Share-based compensation restricted shares and employee stock purchase plan, shares       43,057              
Issuance of common stock under the employee stock purchase plan 128         128          
Issuance of common stock under the employee stock purchase plan, shares       4,328              
Preferred stock dividends (875)           (875)        
Cash dividends (7,578)           (7,578)        
Treasury stock purchased (2,971)                   (2,971)
Treasury stock purchased, shares       (94,692)              
Ending balance at Dec. 31, 2023 $ 289,588     $ 95 11,992 90,616 230,728     (13,717) (30,126)
Common shares outstanding at Dec. 31, 2023 8,314,778     8,314,778              
Net income $ 44,245           44,245        
Other comprehensive income (loss) 2,292                 2,292  
Share-based compensation - restricted shares and employee stock purchase plan 2,785         2,785          
Share-based compensation restricted shares and employee stock purchase plan, shares       11,342              
Issuance of common stock under the employee stock purchase plan $ 144         144          
Issuance of common stock under the employee stock purchase plan, shares 3,832     3,832              
Preferred stock dividends $ (875)           (875)        
Cash dividends (8,320)           (8,320)        
Treasury stock purchased (1,270)                   (1,270)
Treasury stock purchased, shares       (36,024)              
Ending balance at Dec. 31, 2024 $ 328,589     $ 95 $ 11,992 $ 93,545 $ 265,778     $ (11,425) $ (31,396)
Common shares outstanding at Dec. 31, 2024 8,293,928     8,293,928