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Stock Repurchases
3 Months Ended
Sep. 30, 2024
Stock Repurchases  
Stock Repurchases

Note 10: Stock Repurchases

On September 28, 2023, the Corporation’s Board of Directors announced a stock repurchase plan, authorizing the purchase of up to 350,353 shares of the Corporation’s outstanding common stock over a one-year period. On September 26, 2024, the Board extended the existing stock repurchase plan, which had 99,968 shares remaining available for purchase as of that date, until September 26, 2025 or until completion, whichever occurs first.

During the quarter ended September 30, 2024, the Corporation purchased 93,641 shares of its common stock under the existing stock repurchase plan with a weighted average cost of $14.26 per share. As of September 30, 2024, 95,475 shares or 27 percent of authorized common stock under the existing plan remain available for purchase.