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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, 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
Adoption of ASU 2016-13     (1,991)     (1,991)
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
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
Balance at Dec. 31, 2023 61,319 15,124 108,486 (29,831) (30,756) 124,342
Net income     2,368     2,368
Other comprehensive income (loss)       (1,716)   (1,716)
Cash dividends on common     (917)     (917)
Restricted stock vesting   (313)     313
Repurchased stock         (521) (521)
Stock based compensation expense   167       167
Balance at Mar. 31, 2024 61,319 14,978 109,937 (31,547) (30,964) 123,723
Balance at Dec. 31, 2023 61,319 15,124 108,486 (29,831) (30,756) 124,342
Net income           7,835
Balance at Sep. 30, 2024 61,319 15,090 113,515 (24,870) (32,213) 132,841
Balance at Mar. 31, 2024 61,319 14,978 109,937 (31,547) (30,964) 123,723
Net income     3,113     3,113
Other comprehensive income (loss)       (254)   (254)
Cash dividends on common     (946)     (946)
Repurchased stock         (374) (374)
Stock based compensation expense   217       217
Balance at Jun. 30, 2024 61,319 15,195 112,104 (31,801) (31,338) 125,479
Net income     2,354     2,354
Other comprehensive income (loss)       6,931   6,931
Cash dividends on common     (943)     (943)
Restricted stock vesting   (254)     254
Repurchased stock         (1,129) (1,129)
Stock based compensation expense   149       149
Balance at Sep. 30, 2024 $ 61,319 $ 15,090 $ 113,515 $ (24,870) $ (32,213) $ 132,841