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Condensed Consolidated Statements of Shareholders’ Equity (Unaudited) - USD ($)
$ in Thousands
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Treasury Stock
Total
Balance at Dec. 31, 2021 $ 54,463 $ 14,944 $ 99,716 $ (1,845) $ (22,349) $ 144,929
Net income     2,813     2,813
Other comprehensive income (loss)       (11,814)   (11,814)
Stock dividends on common 6,856   (6,864)     (8)
Cash dividends on common     (832)     (832)
Restricted stock vesting   (230)     230
Repurchased stock         (2,609) (2,609)
Stock based compensation expense   158       158
Balance at Mar. 31, 2022 61,319 14,872 94,833 (13,659) (24,728) 132,637
Balance at Dec. 31, 2021 54,463 14,944 99,716 (1,845) (22,349) 144,929
Net income           8,988
Balance at Sep. 30, 2022 61,319 15,000 99,308 (33,425) (27,574) 114,628
Balance at Mar. 31, 2022 61,319 14,872 94,833 (13,659) (24,728) 132,637
Net income     2,834     2,834
Other comprehensive income (loss)       (8,551)   (8,551)
Cash dividends on common     (858)     (858)
Repurchased stock         (1,703) (1,703)
Stock based compensation expense   197       197
Balance at Jun. 30, 2022 61,319 15,069 96,809 (22,210) (26,431) 124,556
Net income     3,342     3,342
Other comprehensive income (loss)       (11,215)   (11,215)
Cash dividends on common     (843)     (843)
Restricted stock vesting   (193)     193
Repurchased stock         (1,336) (1,336)
Stock based compensation expense   124       124
Balance at Sep. 30, 2022 61,319 15,000 99,308 (33,425) (27,574) 114,628
Balance at Dec. 31, 2022 61,319 15,087 101,966 (32,120) (27,824) 118,428
Net income     2,450     2,450
Other comprehensive income (loss)       2,449   2,449
Cash dividends on common     (877)     (877)
Restricted stock vesting   (299)     299
Repurchased stock         (865) (865)
Stock based compensation expense   165       165
Balance at Mar. 31, 2023 61,319 14,953 101,548 (29,671) (28,390) 119,759
Balance at Dec. 31, 2022 61,319 15,087 101,966 (32,120) (27,824) 118,428
Net income           8,212
Balance at Sep. 30, 2023 61,319 15,037 105,521 (39,517) (30,012) 112,348
Adoption of ASU 2016-13     (1,991)     (1,991)
Balance at Mar. 31, 2023 61,319 14,953 101,548 (29,671) (28,390) 119,759
Net income     3,075     3,075
Other comprehensive income (loss)       (3,223)   (3,223)
Cash dividends on common     (898)     (898)
Repurchased stock         (1,248) (1,248)
Stock based compensation expense   201       201
Balance at Jun. 30, 2023 61,319 15,154 103,725 (32,894) (29,638) 117,666
Net income     2,687     2,687
Other comprehensive income (loss)       (6,623)   (6,623)
Cash dividends on common     (891)     (891)
Restricted stock vesting   (240)     240
Repurchased stock         (614) (614)
Stock based compensation expense   123       123
Balance at Sep. 30, 2023 $ 61,319 $ 15,037 $ 105,521 $ (39,517) $ (30,012) $ 112,348