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CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Shares [Member]
Preferred Stock [Member]
Additional Paid-in Capital [Member]
Accumulated (Deficit) Earnings [Member]
Balance, in shares at Dec. 31, 2021   13,109,926 0    
Balance at Dec. 31, 2021 $ 154,225 $ 131 $ 0 $ 238,865 $ (84,771)
Share based compensation 76     76  
Dividends declared [1] (3,933)       (3,933)
NET INCOME (LOSS) (17,467)       (17,467)
Balance, in shares at Mar. 31, 2022   13,109,926 0    
Balance at Mar. 31, 2022 132,901 $ 131 $ 0 238,941 (106,171)
Balance, in shares at Dec. 31, 2021   13,109,926 0    
Balance at Dec. 31, 2021 $ 154,225 $ 131 $ 0 238,865 (84,771)
Shares Issued, Shares 0        
NET INCOME (LOSS) $ (28,207)        
Balance, in shares at Jun. 30, 2022   13,079,394 0    
Balance at Jun. 30, 2022 $ 118,630 $ 131 $ 0 238,816 (120,317)
Common Stock, Dividends, Per Share, Declared $ 0.56        
Repurchase of common shares, shares (30,532)        
Repurchase of common shares, Value $ (200)        
Stock Issued During Period, Shares, Restricted Stock Award, Gross 0        
Balance, in shares at Mar. 31, 2022   13,109,926 0    
Balance at Mar. 31, 2022 $ 132,901 $ 131 $ 0 238,941 (106,171)
Shares Issued, Shares 0        
Share based compensation $ 75     75  
Dividends declared [1] (3,406)       (3,406)
NET INCOME (LOSS) (10,740)       (10,740)
Balance, in shares at Jun. 30, 2022   13,079,394 0    
Balance at Jun. 30, 2022 $ 118,630 $ 131 $ 0 238,816 (120,317)
Common Stock, Dividends, Per Share, Declared $ 0.26        
Repurchase of common shares, shares (30,532) (30,532)      
Repurchase of common shares, Value $ (200) $ 0   (200)  
Stock Issued During Period, Shares, Restricted Stock Award, Gross 0        
Balance, in shares at Dec. 31, 2022   13,377,840 0    
Balance at Dec. 31, 2022 $ 112,409 $ 134 $ 0 240,940 (128,665)
Shares Issued, Shares [2]   455,671      
Stock Issued During Period, Value, New Issues [2] 3,491 $ 4   3,487  
Share based compensation 45     45  
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation 0 $ 0   0  
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation   (3,108)      
Dividends declared [1] (3,305)       (3,305)
NET INCOME (LOSS) 2,337       2,337
Balance, in shares at Mar. 31, 2023   13,830,403 0    
Balance at Mar. 31, 2023 114,977 $ 138 $ 0 244,472 (129,633)
Balance, in shares at Dec. 31, 2022   13,377,840 0    
Balance at Dec. 31, 2022 $ 112,409 $ 134 $ 0 240,940 (128,665)
Shares Issued, Shares 1,003,461        
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation 3,108        
NET INCOME (LOSS) $ 3,540        
Balance, in shares at Jun. 30, 2023   14,378,193 0    
Balance at Jun. 30, 2023 $ 116,697 $ 144 $ 0 248,355 (131,802)
Common Stock, Dividends, Per Share, Declared $ 0.48        
Repurchase of common shares, shares 0        
Balance, in shares at Mar. 31, 2023   13,830,403 0    
Balance at Mar. 31, 2023 $ 114,977 $ 138 $ 0 244,472 (129,633)
Shares Issued, Shares 547,790 547,790 [2]      
Stock Issued During Period, Value, New Issues [2] $ 3,808 $ 6   3,802  
Share based compensation $ 81     81  
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation 0        
Dividends declared [1] $ (3,372)       (3,372)
NET INCOME (LOSS) 1,203       1,203
Balance, in shares at Jun. 30, 2023   14,378,193 0    
Balance at Jun. 30, 2023 $ 116,697 $ 144 $ 0 $ 248,355 $ (131,802)
Common Stock, Dividends, Per Share, Declared $ 0.24        
Repurchase of common shares, shares 0        
[1] For the three-month period ended June 30, 2023 and 2022, dividends totaling $0.24 and $0.26, respectively, per common share outstanding, were declared. For the six-month periods ended June 30, 2023 and 2022, dividends totaling $0.48 and $0.56, respectively, per common share outstanding, were declared.
[2] Net of discounts and commissions and offering costs.