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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, 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          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 19,642         19,642        
Other comprehensive income (5,534)               (5,534)  
Stock issued under employee stock purchase plan (in shares)       10,817            
Stock issued under employee stock purchase plan 163     $ 163            
Restricted stock granted, net of forfeitures (in shares)       58,467            
Stock-based compensation expense 689     $ 689            
Cash dividend (4,238)         (4,238)        
Stock awarded to employees (in shares)       10,347            
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            
Balance at Jun. 30, 2023 187,360     $ 62,128   201,100     (75,868)  
Balance (in shares) at Jun. 30, 2023       11,812,425            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 6,390         6,390        
Other comprehensive income (10,893)               (10,893)  
Stock issued under employee stock purchase plan (in shares)       3,025            
Stock issued under employee stock purchase plan 40     $ 40            
Restricted stock granted, net of forfeitures (in shares)       (567)            
Stock-based compensation expense 170     $ 170            
Cash dividend (1,417)         (1,417)        
Balance at Sep. 30, 2023 181,650     $ 62,338   206,073     (86,761)  
Balance (in shares) at Sep. 30, 2023       11,814,883            
Balance at Dec. 31, 2023 207,064     $ 62,550   210,548     (66,034)  
Balance (in shares) at Dec. 31, 2023       11,818,039            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 771         771        
Other comprehensive income 17,023               17,023  
Issuance of common stock due to business combination, net of issuance costs 143,712     $ 143,712            
Issuance of common stock due to business combination, net of issuance costs (in shares)       7,037,202            
Stock issued under employee stock purchase plan (in shares)       12,441            
Stock issued under employee stock purchase plan 216     $ 216            
Restricted stock granted, net of forfeitures (in shares)       71,665            
Stock-based compensation expense (in shares)       0            
Stock-based compensation expense 621     $ 621            
Cash dividend $ (5,957)         (5,957)        
Stock options exercised and related tax benefit (in shares) 8,335     8,335            
Stock options exercised and related tax benefit $ 103     $ 103            
Repurchase and retirement of common stock (in shares)       (2,089)            
Repurchase and retirement of common stock (38)     $ (38)            
Balance at Sep. 30, 2024 363,515     $ 207,164   205,362     (49,011)  
Balance (in shares) at Sep. 30, 2024       18,945,593            
Balance at Jun. 30, 2024 350,242     $ 206,821   204,250     (60,829)  
Balance (in shares) at Jun. 30, 2024       18,939,531            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 3,385         3,385        
Other comprehensive income 11,818               11,818  
Stock issued under employee stock purchase plan (in shares)       4,407            
Stock issued under employee stock purchase plan 69     $ 69            
Restricted stock granted, net of forfeitures (in shares)       (695)            
Stock-based compensation expense 253     $ 253            
Cash dividend (2,273)         (2,273)        
Stock options exercised and related tax benefit (in shares)       3,318            
Stock options exercised and related tax benefit 40     $ 40            
Repurchase and retirement of common stock (in shares)       (968)            
Repurchase and retirement of common stock (19)     $ (19)            
Balance at Sep. 30, 2024 $ 363,515     $ 207,164   $ 205,362     $ (49,011)  
Balance (in shares) at Sep. 30, 2024       18,945,593