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Stock Repurchases
3 Months Ended
Sep. 30, 2021
Stock Repurchases  
Stock Repurchases

Note 11: Stock Repurchases

On April 27, 2021, the Corporation extended its 5 percent stock repurchase program of April 30, 2020 with a remaining authorized 317,108 shares to be purchased for a period of one year or until completed, whichever occurs first.

During the quarter ended September 30, 2021, the Corporation purchased 49,764 shares of the Corporation’s common stock under the April 2020 stock repurchase plan with a weighted average cost of $17.10 per share. As of September 30, 2021, there are 217,069 shares available for purchase until the plan expires on April 27, 2022. The Corporation will purchase the shares from time to time in the open market or through privately negotiated transactions 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.