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Stock Repurchases | 3 Months Ended
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Sep. 30, 2022
Stock Repurchases |
Stock Repurchases | Note 10: Stock Repurchases ​ On April 28, 2022, Board of Directors of the Corporation authorized the repurchase of up to five percent of the Corporation’s common stock, approximately 364,259 shares (the “April 2022 stock repurchase plan”). The Corporation will purchase the shares from time to time in the open market or through privately negotiated transactions over a one-year period depending on market conditions, the capital requirements of the Corporation, and available cash that can be allocated to the stock repurchase program, among other considerations. The April 2022 stock repurchase plan will continue for a period of one year or until completed, whichever occurs first. ​ During the quarter ended September 30, 2022, the Corporation purchased 49,624 shares of the Corporation’s common stock under the April 2022 stock repurchase plan with a weighted average cost of $14.57 per share. As of September 30, 2022, a total of 314,635 shares or 86 percent of authorized shares under the plan remains available for purchase until the plan expires on April 28, 2023.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2208821 + Details
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