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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock
Common Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Accumulated Other Comprehensive Income (Loss) (Net of Taxes)
Accumulated Other Comprehensive Income (Loss) (Net of Taxes)
Cumulative Effect, Period of Adoption, Adjusted Balance
Balance at Dec. 31, 2021 $ 247,845     $ 66,820   $ 173,393     $ 7,632  
Balance (in shares) at Dec. 31, 2021       11,916,651            
Net income 12,628         12,628        
Other comprehensive income (81,551)               (81,551)  
Cash dividend (2,824)         (2,824)        
Stock-based compensation expense 460     $ 460            
Restricted stock granted, net of forfeitures, and related tax benefit (in shares)       42,399            
Stock issued under employee stock purchase plan (in shares)       6,556            
Stock issued under employee stock purchase plan 110     $ 110            
Stock options exercised and related tax benefit (in shares)       38,855            
Stock options exercised and related tax benefit 399     $ 399            
Repurchase and retirement of common stock (in shares)       (300,761)            
Repurchase and retirement of common stock (6,814)     $ (6,814)            
Balance at Jun. 30, 2022 170,253     $ 60,975   183,197     (73,919)  
Balance (in shares) at Jun. 30, 2022       11,717,146            
Stock Issued During Period, Value, Employee Stock Ownership Plan 0     $ 0            
Stock Issued During Period, Shares, Employee Stock Ownership Plan       13,446            
Balance at Mar. 31, 2022 191,660     $ 62,893   178,054     (49,287)  
Balance (in shares) at Mar. 31, 2022       11,752,623            
Net income 6,542         6,542        
Other comprehensive income (24,632)               (24,632)  
Cash dividend (1,399)         (1,399)        
Stock-based compensation expense 90     $ 90            
Restricted stock granted, net of forfeitures, and related tax benefit (in shares)       37,781            
Stock issued under employee stock purchase plan (in shares)       3,550            
Stock issued under employee stock purchase plan 54     $ 54            
Stock options exercised and related tax benefit (in shares)       27,780            
Stock options exercised and related tax benefit 266     $ 266            
Repurchase and retirement of common stock (in shares)       (104,888)            
Repurchase and retirement of common stock (2,328)     $ (2,328)            
Balance at Jun. 30, 2022 170,253     $ 60,975   183,197     (73,919)  
Balance (in shares) at Jun. 30, 2022       11,717,146            
Stock Issued During Period, Value, Employee Stock Ownership Plan 0     $ 0            
Stock Issued During Period, Shares, Employee Stock Ownership Plan       300            
Balance at Dec. 31, 2022 174,660 $ (3,731) $ 170,929 $ 61,487 $ 61,487 194,400 $ (3,731) $ 190,669 (81,227) $ (81,227)
Balance (in shares) at Dec. 31, 2022       11,735,291 11,735,291          
Net income 13,252         13,252        
Other comprehensive income 5,359               5,359  
Cash dividend (2,821)         (2,821)        
Stock-based compensation expense 519     $ 519            
Restricted stock granted, net of forfeitures, and related tax benefit (in shares)       59,034            
Stock issued under employee stock purchase plan (in shares)       7,792            
Stock issued under employee stock purchase plan 123     $ 123            
Repurchase and retirement of common stock (in shares)       (39)            
Repurchase and retirement of common stock (1)     $ (1)            
Balance at Jun. 30, 2023 187,360     $ 62,128   201,100     (75,868)  
Balance (in shares) at Jun. 30, 2023       11,812,425            
Stock Issued During Period, Value, Employee Stock Ownership Plan 0     $ 0            
Stock Issued During Period, Shares, Employee Stock Ownership Plan       10,347            
Balance at Mar. 31, 2023 182,052     $ 61,924   196,229     (76,101)  
Balance (in shares) at Mar. 31, 2023       11,754,938            
Net income 6,282         6,282        
Other comprehensive income 233               233  
Cash dividend (1,411)         (1,411)        
Stock-based compensation expense 158     $ 158            
Restricted stock granted, net of forfeitures, and related tax benefit (in shares)       53,877            
Stock issued under employee stock purchase plan (in shares)       3,649            
Stock issued under employee stock purchase plan 47     $ 47            
Repurchase and retirement of common stock (in shares)       (39)            
Repurchase and retirement of common stock (1)     $ (1)            
Balance at Jun. 30, 2023 $ 187,360     $ 62,128   $ 201,100     $ (75,868)  
Balance (in shares) at Jun. 30, 2023       11,812,425