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CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
$ in Thousands
Common stock
Preferred stock
Nonvested restricted stock
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained Earnings
Total
Balance at Dec. 31, 2019 $ 77 $ (803) $ 106,152 $ (298) $ 100,732 $ 205,860
Balance (in Shares) at Dec. 31, 2019 7,672,678          
Net income       18,328 18,328
Proceeds from exercise of stock options $ 1 1,387 1,388
Proceeds from exercise of stock options (in Shares) 93,870          
Issuance of restricted stock, net of forfeitures (275) 275
Issuance of restricted stock, net of forfeitures (in Shares) 6,200          
Compensation expense related to restricted stock, net of tax 380 380
Compensation expense related to stock options, net of tax 1,017 1,017
Other comprehensive income (Loss) 1,321 1,321
Balance at Dec. 31, 2020 $ 78 (698) 108,831 1,023 119,060 228,294
Balance (in Shares) at Dec. 31, 2020 7,772,748          
Net income 46,711 46,711
Proceeds from exercise of stock options $ 1 3,011 3,012
Proceeds from exercise of stock options (in Shares) 127,871          
Issuance of restricted stock, net of forfeitures (1,236) 1,236
Issuance of restricted stock, net of forfeitures (in Shares) 25,200          
Compensation expense related to restricted stock, net of tax 499 499
Compensation expense related to stock options, net of tax 1,148 1,148
Other comprehensive income (Loss) (1,763) (1,763)
Balance at Dec. 31, 2021 $ 79 (1,435) 114,226 (740) 165,771 277,901
Balance (in Shares) at Dec. 31, 2021 7,925,819          
Net income 29,115 29,115
Adoption of ASU 2016-13 (2,765) (2,765)
Proceeds from exercise of stock options $ 1 904 905
Proceeds from exercise of stock options (in Shares) 32,375          
Issuance of restricted stock, net of forfeitures (2,970) 2,970
Issuance of restricted stock, net of forfeitures (in Shares) 52,851          
Compensation expense related to restricted stock, net of tax 1,099 1,099
Compensation expense related to stock options, net of tax 927 927
Other comprehensive income (Loss) (12,670) (12,670)
Balance at Dec. 31, 2022 $ 80 $ (3,306) $ 119,027 $ (13,410) $ 192,121 $ 294,512
Balance (in Shares) at Dec. 31, 2022 8,011,045