XML 20 R6.htm IDEA: XBRL DOCUMENT v3.24.0.1
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
Beginning balance, value at Dec. 31, 2020 $ 78 $ (698) $ 108,831 $ 1,023 $ 119,060 $ 228,294
Beginning balance shares outstanding 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)
Ending balance, value at Dec. 31, 2021 $ 79 (1,435) 114,226 (740) 165,771 277,901
Ending balance shares outstanding at Dec. 31, 2021 7,925,819            
Adoption of ASU 2016-13 (2,765) (2,765)
Net income 29,115 29,115
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)
Ending balance, value at Dec. 31, 2022 $ 80 (3,306) 119,027 (13,410) 192,121 294,512
Ending balance shares outstanding at Dec. 31, 2022 8,011,045            
Net income 13,426 13,426
Proceeds from exercise of stock options 518 518
Proceeds from exercise of stock options (in Shares) 26,250            
Issuance of restricted stock, net of forfeitures $ 1 (1,705) 1,704
Issuance of restricted stock, net of forfeitures (in Shares) 50,891            
Compensation expense related to restricted stock, net of tax 1,415 1,415
Compensation expense related to stock options, net of tax 528 528
Other comprehensive income (loss) 2,068 2,068
Ending balance, value at Dec. 31, 2023 $ 81 $ (3,596) $ 121,777 $ (11,342) $ 205,547 $ 312,467
Ending balance shares outstanding at Dec. 31, 2023 8,088,186