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Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Common Stock
Treasury Shares
Paid-in Capital
Retained Earnings
Adoption of ASU 2016-13 (CECL)
Retained Earnings
Accumulated Other Comprehensive Loss
Adoption of ASU 2016-13 (CECL)
Total
Balance (in shares) at Dec. 31, 2022 16,030,172              
Balance (in shares) at Dec. 31, 2022   511,353            
Balance, beginning of period at Dec. 31, 2022 $ 16,030 $ (12,520) $ 143,950   $ 151,743 $ (49,878)   $ 249,325
Net income         6,253     6,253
Other comprehensive loss, net           7,081   7,081
Cash dividends declared on common stock         (4,354)     (4,354)
Shares issued for dividend reinvestment plan (in shares)   (17,695)            
Shares issued for dividend reinvestment plan   $ 432 (29)         403
Restricted stock granted (in shares)   (53,788)            
Restricted stock granted   $ 1,314 (1,314)         0
Forfeiture of restricted stock (in shares)   19,222            
Forfeiture of restricted stock   $ (411) 411         0
Stock-based compensation expense     377         377
Purchase of restricted stock for tax withholding (in shares)   8,615            
Purchase of restricted stock for tax withholding   $ (203)           (203)
Treasury stock purchases (in shares)   77,430            
Treasury stock purchases   $ (1,662)           (1,662)
Balance (in shares) at Mar. 31, 2023 16,030,172              
Balance (in shares) at Mar. 31, 2023   545,137            
Balance, end of period at Mar. 31, 2023 $ 16,030 $ (13,050) 143,395 $ (1,652) 151,990 (42,797) $ (1,652) $ 255,568
Balance (in shares) at Dec. 31, 2023 16,030,172              
Balance (in shares) at Dec. 31, 2023   735,037           735,037
Balance, beginning of period at Dec. 31, 2023 $ 16,030 $ (16,628) 144,388   157,028 (38,437)   $ 262,381
Net income         5,306     5,306
Other comprehensive loss, net           (2,269)   (2,269)
Cash dividends declared on common stock         (4,283)     (4,283)
Shares issued for dividend reinvestment plan (in shares)   (20,886)            
Shares issued for dividend reinvestment plan   $ 473 (66)         407
Restricted stock granted (in shares)   (72,860)            
Restricted stock granted   $ 1,646 (1,646)         0
Forfeiture of restricted stock (in shares)   587            
Forfeiture of restricted stock   $ (14) 14         0
Stock-based compensation expense     326         326
Purchase of restricted stock for tax withholding (in shares)   10,229            
Purchase of restricted stock for tax withholding   $ (212)           $ (212)
Balance (in shares) at Mar. 31, 2024 16,030,172              
Balance (in shares) at Mar. 31, 2024   652,107           652,107
Balance, end of period at Mar. 31, 2024 $ 16,030 $ (14,735) $ 143,016   $ 158,051 $ (40,706)   $ 261,656