Note 10 - Shareholders’ Equity

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Equity [Text Block]

Note 10. Shareholders’ Equity

(in thousands, except share data)

The following summarizes the activity in the capital structure of the Company:

							Accumulated
	Number				Additional		Other
	of Shares		Common		Paid-In		Comprehensive			Retained
	Issued		Stock		Capital		(Loss) Income			Earnings			Total
Balance, January 1, 2023		5,603,570	$	1,122	$	18,448	$	(83,070	)	$	102,525		$	39,025
FASB ASU 2016-13 adoption adjustment											(984	)		(984	)
Net income		-		-		-		-			1,140			1,140
Dividends paid ($0.24 per share)		-		-		-		-			(1,346	)		(1,346	)
Restricted stock granted		3,868		-		-		-			-			-
Stock compensation expense		-		-		40		-			-			40
Other comprehensive loss, net		-		-		-		3,248			-			3,248
Balance, March 31, 2023		5,607,438	$	1,122	$	18,488	$	(79,822	)	$	101,335		$	41,123

							Accumulated
	Number				Additional		Other
	of Shares		Common		Paid-In		Comprehensive			Retained
	Issued		Stock		Capital		Income (Loss)			Earnings			Total
Balance, January 1, 2022		5,595,320	$	1,120	$	18,293	$	(11,795	)	$	98,282		$	105,900
Net income		-		-		-		-			2,036			2,036
Dividends paid ($0.24 per share)		-		-		-		-			(1,343	)		(1,343	)
Stock compensation expense		-		-		39		-			-			39
Other comprehensive loss, net		-		-		-		(43,682	)		-			(43,682	)
Balance, March 31, 2022		5,595,320	$	1,120	$	18,332	$	(55,477	)	$	98,975		$	62,950