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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         222 (222)      
Vesting of restricted stock 15 (15)              
Stock based compensation   268             268
Cash dividend declared       (475)         (475)
Net income (loss)       2,779         2,779
Other comprehensive income             450   450
Balance at Jun. 30, 2023 5,883 55,420   13,142 (467) 467 (10,431)   64,014
Balance at Mar. 31, 2023 5,881 55,256   12,141 (595) 595 (9,397)   63,881
Restricted stock redemption         128 (128)      
Vesting of restricted stock 2 (2)              
Stock based compensation   166             166
Cash dividend declared       (238)         (238)
Net income (loss)       1,239         1,239
Other comprehensive income             (1,034)   (1,034)
Balance at Jun. 30, 2023 5,883 55,420   13,142 (467) 467 (10,431)   64,014
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   214             214
Cash dividend declared       (538)         (538)
Net income (loss)       3,425         3,425
Other comprehensive income             (515)   (515)
Balance at Jun. 30, 2024 5,918 55,690   14,662 (439) 439 (6,128)   70,142
Balance at Mar. 31, 2024 5,918 55,557   13,278 (439) 439 (6,395)   68,358
Stock based compensation   133             133
Cash dividend declared       (269)         (269)
Net income (loss)       1,653         1,653
Other comprehensive income             267   267
Balance at Jun. 30, 2024 $ 5,918 $ 55,690   $ 14,662 $ (439) $ 439 $ (6,128)   $ 70,142