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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 26 (26)              
Stock based compensation   358             358
Cash dividend declared       (712)         (712)
Net income (loss)       226         226
Other comprehensive income             2,821   2,821
Balance at Sep. 30, 2023 5,894 55,499   10,352 (467) 467 (8,060)   63,685
Balance at Jun. 30, 2023 5,883 55,420   13,142 (467) 467 (10,431)   64,014
Vesting of restricted stock 11 (11)              
Stock based compensation   90             90
Cash dividend declared       (237)         (237)
Net income (loss)       (2,553)         (2,553)
Other comprehensive income             2,371   2,371
Balance at Sep. 30, 2023 5,894 55,499   10,352 (467) 467 (8,060)   63,685
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   345             345
Cash dividend declared       (807)         (807)
Net income (loss)       5,531         5,531
Other comprehensive income             1,574   1,574
Balance at Sep. 30, 2024 5,918 55,821   16,499 (439) 439 (4,039)   74,199
Balance at Jun. 30, 2024 5,918 55,690   14,662 (439) 439 (6,128)   70,142
Stock based compensation   131             131
Cash dividend declared       (269)         (269)
Net income (loss)       2,106         2,106
Other comprehensive income             2,089   2,089
Balance at Sep. 30, 2024 $ 5,918 $ 55,821   $ 16,499 $ (439) $ 439 $ (4,039)   $ 74,199