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Consolidated Statement of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Additional Paid-In Capital [Member]
Adjusted Balance [Member]
Additional Paid-In Capital [Member]
Retained Earnings [Member]
Effect of Adopting ASU No. 2016-13 ("CECL") [Member]
Retained Earnings [Member]
Adjusted Balance [Member]
Retained Earnings [Member]
Treasury Stock [Member]
Adjusted Balance [Member]
Treasury Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Adjusted Balance [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Effect of Adopting ASU No. 2016-13 ("CECL") [Member]
Adjusted Balance [Member]
Total
Beginning balance at Dec. 31, 2021   $ 222,850     $ 81,171   $ (31,125)   $ 1,128     $ 274,024
Net income         9,952             9,952
Other comprehensive loss                 (2,403)     (2,403)
Stock-based compensation expense   95                   95
Treasury Stock Purchases             (8)         (8)
Dividends payable on noncumulative perpetual preferred stock         (276)             (276)
Redemption of Series Preferred Stock   (5,330)                   (5,330)
Issuance of Series I Preferred Stock   2,620                   2,620
Cash dividends on common stock (per share declared)         (2,601)             (2,601)
Dividend reinvestment plan   114     (114)              
Stock Purchase Plan   86                   86
Ending balance at Mar. 31, 2022   220,435     88,132   (31,133)   (1,275)     276,159
Beginning balance at Dec. 31, 2022 $ 217,167 217,167 $ 2,870 $ 117,979 115,109 $ (34,531) (34,531) $ (6,491) (6,491) $ 2,870 $ 294,124 291,254
Net income         8,106             8,106
Other comprehensive loss                 (122)     (122)
Exercise of stock options   418                   418
Stock-based compensation expense   106                   106
Treasury Stock Purchases             (2,559)         (2,559)
Dividends payable on noncumulative perpetual preferred stock         (173)             (173)
Cash dividends on common stock (per share declared)         (2,687)             (2,687)
Dividend reinvestment plan   104     (104)              
Stock Purchase Plan   405                   405
Ending balance at Mar. 31, 2023   218,200     123,121   (37,090)   (6,613)     297,618
Beginning balance at Dec. 31, 2023   223,966     135,927   (38,347)   (7,491)     314,055
Net income         5,866             5,866
Other comprehensive loss                 (133)     (133)
Exercise of stock options   2,690                   2,690
Stock-based compensation expense   195                   195
Dividends payable on noncumulative perpetual preferred stock         (434)             (434)
Cash dividends on common stock (per share declared)         (2,608)             (2,608)
Dividend reinvestment plan   108     (108)              
Stock Purchase Plan   500                   500
Ending balance at Mar. 31, 2024   $ 227,459     $ 138,643   $ (38,347)   $ (7,624)     $ 320,131