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Consolidated Statements of Shareholders' Equity - USD ($)
$ in Thousands
Common Stock
Additional Paid-in Capital
Retained Earnings
Adoption of ASC 326
Retained Earnings
Stock in Directors Rabbi Trust
Directors Deferred Fees Obligation.
Accumulated Other Comprehensive Income (Loss)
Adoption of ASC 326
Total
Balance at Dec. 31, 2022 $ 5,868 $ 55,167   $ 10,957 $ (689) $ 689 $ (10,881)   $ 61,111
Restricted stock redemption         94 (94)      
Vesting of restricted stock 13 (13)              
Stock based compensation   102             102
Cash dividend declared       (237)         (237)
Net income (loss)       1,540         1,540
Other comprehensive income/loss             1,484   1,484
Balance at Mar. 31, 2023 5,881 55,256   12,141 (595) 595 (9,397)   63,881
Impact of adoption of ASC 326     $ (119)         $ (119)  
Balance at Dec. 31, 2023 5,908 55,486   11,775 (467) 467 (5,613)   67,556
Restricted stock redemption         28 (28)      
Vesting of restricted stock 10 (10)              
Stock based compensation   81             81
Cash dividend declared       (269)         (269)
Net income (loss)       1,772         1,772
Other comprehensive income/loss             (782)   (782)
Balance at Mar. 31, 2024 $ 5,918 $ 55,557   $ 13,278 $ (439) $ 439 $ (6,395)   $ 68,358