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Note 17 - Shareholders' Equity
 3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Equity [Text Block]

NOTE 17 Shareholders' Equity

 

During the three months ended March 31, 2025, the Company declared dividends to be paid to the holders of its Class B Preferred Stock and Class C Preferred Stock of $0.2 million and $0.1 million, respectively.  Cash dividends paid during the three months ended March 31, 2025 were $0.2 million.   

 

On March 21, 2023, the Company's Board of Directors approved a security repurchase program under which the Company is authorized to repurchase up to $10.0 million of its currently issued and outstanding securities through March 22, 2024.  On March 22, 2024, the Company entered into a one year extension of its existing share repurchase program. As amended, the share repurchase program expired on March 21, 2025; however, in January 2025 the Company fully utilized the authorized amount.  The timing and amount of any repurchases are determined based on market and economic conditions, share price and other factors, and the program may be terminated, modified or suspended at any time at the Company's discretion. During the three months ended March 31, 2025 and  March 31, 2024, the Company repurchased 42,900 and 8,000 shares, respectively, of common stock for an aggregate purchase price of approximately $0.3 million and $0.1 million, respectively, including fees and commissions. The repurchased common stock will be held as treasury stock at cost and has been removed from common shares outstanding as of   March 31, 2025.