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Consolidated Statements of Shareholders’ Equity - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjusted Balance
Preferred Stock
Preferred Stock
Cumulative Effect, Period of Adoption, Adjustment
Preferred Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock
Common Stock
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Additional Paid-In Capital
Additional Paid-In Capital
Cumulative Effect, Period of Adoption, Adjustment
Additional Paid-In Capital
Cumulative Effect, Period of Adoption, Adjusted Balance
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjusted Balance
Less: Redeemable Common Stock Owned by the ESOP
Less: Redeemable Common Stock Owned by the ESOP
Cumulative Effect, Period of Adoption, Adjustment
Less: Redeemable Common Stock Owned by the ESOP
Cumulative Effect, Period of Adoption, Adjusted Balance
Preferred stock, beginning balance (in shares) at Dec. 31, 2022       250,000 0 250,000                              
Shares outstanding, beginning balance (in shares) at Dec. 31, 2022             11,599,595 0 11,599,595                        
Shareholders' equity, beginning balance at Dec. 31, 2022 $ 601,116 $ (24,953) $ 576,163 $ 250,000 $ 0 $ 250,000 $ 11,599 $ 0 $ 11,599 $ 122,890 $ 0 $ 122,890 $ 356,685 $ (24,953) $ 331,732 $ (43,074) $ 0 $ (43,074) $ (96,984) $ 0 $ (96,984)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Net income 30,271                       30,271                
Other comprehensive income (loss), net (565)                             (565)          
Issuance of restricted stock, net of forfeitures (in shares)             90,023                            
Issuance of restricted stock, net of forfeitures 0           $ 90     (90)                      
Shares withheld to satisfy withholding obligation in the vesting of restricted stock (in shares)             (15,287)                            
Shares withheld to satisfy withholding obligation in the vesting of restricted stock (1,020)           $ (15)     (1,005)                      
Purchase of Company stock (in shares)             (47,661)                            
Purchase of Company stock (2,860)           $ (48)     (2,812)                      
Stock based compensation 2,285                 2,285                      
Net change fair value of ESOP shares 7,628                                   7,628    
Common stock dividends (10,451)                       (10,451)                
Preferred stock, ending balance (in shares) at Jun. 30, 2023       250,000                                  
Shares outstanding, ending balance (in shares) at Jun. 30, 2023             11,626,670                            
Shareholders' equity, ending balance at Jun. 30, 2023 601,451     $ 250,000     $ 11,626     121,268     351,552     (43,639)     (89,356)    
Preferred stock, beginning balance (in shares) at Mar. 31, 2023       250,000                                  
Shares outstanding, beginning balance (in shares) at Mar. 31, 2023             11,599,354                            
Shareholders' equity, beginning balance at Mar. 31, 2023 594,296     $ 250,000     $ 11,599     123,878     343,591     (37,788)     (96,984)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Net income 13,192                       13,192                
Other comprehensive income (loss), net (5,851)                             (5,851)          
Issuance of restricted stock, net of forfeitures (in shares)             90,023                            
Issuance of restricted stock, net of forfeitures 0           $ 90     (90)                      
Shares withheld to satisfy withholding obligation in the vesting of restricted stock (in shares)             (15,046)                            
Shares withheld to satisfy withholding obligation in the vesting of restricted stock (1,004)                 (989)                      
Purchase of Company stock (in shares)             (47,661)                            
Purchase of Company stock (2,860)           $ (48)     (2,812)                      
Stock based compensation 1,281                 1,281                      
Net change fair value of ESOP shares 7,628                                   7,628    
Common stock dividends (5,231)                       (5,231)                
Preferred stock, ending balance (in shares) at Jun. 30, 2023       250,000                                  
Shares outstanding, ending balance (in shares) at Jun. 30, 2023             11,626,670                            
Shareholders' equity, ending balance at Jun. 30, 2023 $ 601,451     $ 250,000     $ 11,626     121,268     351,552     (43,639)     (89,356)    
Preferred stock, beginning balance (in shares) at Dec. 31, 2023 250,000     250,000                                  
Shares outstanding, beginning balance (in shares) at Dec. 31, 2023             11,613,221                            
Shareholders' equity, beginning balance at Dec. 31, 2023 $ 640,053     $ 250,000     $ 11,613     123,611     370,955     (31,128)     (84,998)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Net income 32,121                       32,121                
Other comprehensive income (loss), net (1,404)                             (1,404)          
Issuance of restricted stock, net of forfeitures (in shares)             98,002                            
Issuance of restricted stock, net of forfeitures 0           $ 98     (98)                      
Shares withheld to satisfy withholding obligation in the vesting of restricted stock (in shares)             (22,966)                            
Shares withheld to satisfy withholding obligation in the vesting of restricted stock (1,344)           $ (23)     (1,321)                      
Stock based compensation 2,502                 2,502                      
Net change fair value of ESOP shares 1,817                                   1,817    
Common stock dividends $ (10,951)                       (10,951)                
Preferred stock, ending balance (in shares) at Jun. 30, 2024 250,000     250,000                                  
Shares outstanding, ending balance (in shares) at Jun. 30, 2024             11,688,257                            
Shareholders' equity, ending balance at Jun. 30, 2024 $ 662,669     $ 250,000     $ 11,688     124,694     392,000     (32,532)     (83,181)    
Preferred stock, beginning balance (in shares) at Mar. 31, 2024       250,000                                  
Shares outstanding, beginning balance (in shares) at Mar. 31, 2024             11,611,732                            
Shareholders' equity, beginning balance at Mar. 31, 2024 650,710     $ 250,000     $ 11,612     124,776     382,452     (33,132)     (84,998)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Net income 15,166                       15,166                
Other comprehensive income (loss), net 600                             600          
Issuance of restricted stock, net of forfeitures (in shares)             99,242                            
Issuance of restricted stock, net of forfeitures 0           $ 99     (99)                      
Shares withheld to satisfy withholding obligation in the vesting of restricted stock (in shares)             (22,717)                            
Shares withheld to satisfy withholding obligation in the vesting of restricted stock (1,330)           $ (23)     (1,307)                      
Stock based compensation 1,324                 1,324                      
Net change fair value of ESOP shares 1,817                                   1,817    
Preferred stock dividends (125)                                        
Common stock dividends $ (5,493)                       (5,493)                
Preferred stock, ending balance (in shares) at Jun. 30, 2024 250,000     250,000                                  
Shares outstanding, ending balance (in shares) at Jun. 30, 2024             11,688,257                            
Shareholders' equity, ending balance at Jun. 30, 2024 $ 662,669     $ 250,000     $ 11,688     $ 124,694     $ 392,000     $ (32,532)     $ (83,181)