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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 19,012         19,012        
Other comprehensive income (98,254)               (98,254)  
Cash dividend (4,231)         (4,231)        
Stock-based compensation expense 603     $ 603            
Restricted stock granted, net of forfeitures, and related tax benefit (in shares)       42,399            
Stock issued under employee stock purchase plan (in shares)       10,071            
Stock issued under employee stock purchase plan 164     $ 164            
Stock options exercised and related tax benefit (in shares)       50,205            
Stock options exercised and related tax benefit 489     $ 489            
Repurchase and retirement of common stock (in shares)       (300,761)            
Repurchase and retirement of common stock (6,814)     $ (6,814)            
Balance at Sep. 30, 2022 158,814     $ 61,262   188,174     (90,622)  
Balance (in shares) at Sep. 30, 2022       11,732,011            
Stock Issued During Period, Value, Employee Stock Ownership Plan 0     $ 0            
Stock Issued During Period, Shares, Employee Stock Ownership Plan       13,446            
Balance at Jun. 30, 2022 170,253     $ 60,975   183,197     (73,919)  
Balance (in shares) at Jun. 30, 2022       11,717,146            
Net income 6,384         6,384        
Other comprehensive income (16,703)               (16,703)  
Cash dividend (1,407)         (1,407)        
Stock-based compensation expense 143     $ 143            
Stock issued under employee stock purchase plan (in shares)       3,515            
Stock issued under employee stock purchase plan 53     $ 53            
Stock options exercised and related tax benefit (in shares)       11,350            
Stock options exercised and related tax benefit 91     $ 91            
Balance at Sep. 30, 2022 158,814     $ 61,262   188,174     (90,622)  
Balance (in shares) at Sep. 30, 2022       11,732,011            
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 19,642         19,642        
Other comprehensive income (5,534)               (5,534)  
Cash dividend (4,238)         (4,238)        
Stock-based compensation expense 689     $ 689            
Restricted stock granted, net of forfeitures, and related tax benefit (in shares)       58,467            
Stock issued under employee stock purchase plan (in shares)       10,817            
Stock issued under employee stock purchase plan 163     $ 163            
Repurchase and retirement of common stock (in shares)       (39)            
Repurchase and retirement of common stock (1)     $ (1)            
Balance at Sep. 30, 2023 181,650     $ 62,338   206,073     (86,761)  
Balance (in shares) at Sep. 30, 2023       11,814,883            
Stock Issued During Period, Value, Employee Stock Ownership Plan 0     $ 0            
Stock Issued During Period, Shares, Employee Stock Ownership Plan       10,347            
Balance at Jun. 30, 2023 187,360     $ 62,128   201,100     (75,868)  
Balance (in shares) at Jun. 30, 2023       11,812,425            
Net income 6,390         6,390        
Other comprehensive income (10,893)               (10,893)  
Cash dividend (1,417)         (1,417)        
Stock-based compensation expense 170     $ 170            
Restricted stock granted, net of forfeitures, and related tax benefit (in shares)       (567)            
Stock issued under employee stock purchase plan (in shares)       3,025            
Stock issued under employee stock purchase plan 40     $ 40            
Balance at Sep. 30, 2023 $ 181,650     $ 62,338   $ 206,073     $ (86,761)  
Balance (in shares) at Sep. 30, 2023       11,814,883