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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
Beginning balance, value at Dec. 31, 2021 $ 79 $ (1,435) $ 114,226 $ (740) $ 165,771 $ 277,901
Beginning balance shares outstnding 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 (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 (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          
Net income 15,530 15,530
Proceeds from exercise of stock options 294 294
Proceeds from exercise of stock options (in Shares) 16,250            
Issuance of restricted stock, net of forfeitures $ 1 (2,197) 2,196
Issuance of restricted stock (in Shares) 60,436            
Compensation expense related to restricted stock, net of tax 1,909 1,909
Compensation expense related to stock options, net of tax 374 374
Other comprehensive income (loss) (130) (130)
Ending balance, value at Dec. 31, 2024 $ 82 $ (3,884) $ 124,641 $ (11,472) $ 221,077 $ 330,444
Ending balance shares outstanding at Dec. 31, 2024 8,164,872