XML 16 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Additional Paid-In Capital
  Retained Earnings
Accumulated Other Comprehensive Income
Treasury Stock
Total Shareholders' Equity
Non-Controlling Interest
Balance at Dec. 31, 2018 $ 154,996 $ 1,224 $ 1,095 $ 112,807 $ 42,079 $ (633) $ (3,015) $ 153,557 $ 1,439
Balance (in shares) at Dec. 31, 2018     10,953,081            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 22,649       22,293     22,293 356
Common stock options exercised (in shares)     11,869            
Common stock options exercised 48   $ 1 47       48  
Preferred stock shares conversion (in shares)     90,532            
Preferred stock shares conversion 0 (724) $ 9 715          
Other comprehensive income (loss) 694         694   694  
Stock compensation expense 135     135       135  
Dividend on preferred stock (16)       (16)     (16)  
Dividend on common stock (4,962)       (4,962)     (4,962)  
Balance at Sep. 30, 2019 173,544 500 $ 1,105 113,704 59,394 61 (3,015) 171,749 1,795
Balance (in shares) at Sep. 30, 2019     11,055,482            
Balance at Jun. 30, 2019 167,255 550 $ 1,105 113,613 53,362 (54) (3,015) 165,561 1,694
Balance (in shares) at Jun. 30, 2019     11,049,230            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 7,865       7,764     7,764 101
Preferred stock shares conversion (in shares)     6,252            
Preferred stock shares conversion 0 (50)   50          
Other comprehensive income (loss) 115         115   115  
Stock compensation expense 41     41       41  
Dividend on preferred stock (8)       (8)     (8)  
Dividend on common stock (1,724)       (1,724)     (1,724)  
Balance at Sep. 30, 2019 173,544 500 $ 1,105 113,704 59,394 61 (3,015) 171,749 1,795
Balance (in shares) at Sep. 30, 2019     11,055,482            
Balance at Dec. 31, 2019 179,424 500 $ 1,213 134,706 44,143 58 (3,015) 177,605 1,819
Balance (in shares) at Dec. 31, 2019     12,132,855            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 20,655       20,296     20,296 359
Earnings distribution to non-controlling interest (594)               (594)
Common stock options exercised (in shares)     845            
Common stock options exercised 0                
Preferred stock shares conversion (in shares)     2,751            
Preferred stock shares conversion 0 (20) $ 1 19          
Other comprehensive income (loss) 445         445   445  
Stock compensation expense 195     195       195  
Stock dividend (in shares) [1]     (60)            
Stock dividend [1] (3)     (1) (2)     (3)  
Dividend on preferred stock (22)       (22)     (22)  
Dividend on common stock (5,689)       (5,689)     (5,689)  
Balance at Sep. 30, 2020 194,411 480 $ 1,214 134,919 58,726 503 (3,015) 192,827 1,584
Balance (in shares) at Sep. 30, 2020     12,136,391            
Balance at Jun. 30, 2020 189,741 500 $ 1,213 134,830 54,087 642 (3,015) 188,257 1,484
Balance (in shares) at Jun. 30, 2020     12,133,640            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 6,643       6,543     6,543 100
Preferred stock shares conversion (in shares)     2,751            
Preferred stock shares conversion 0 (20) $ 1 19          
Other comprehensive income (loss) (139)         (139)   (139)  
Stock compensation expense 70     70       70  
Dividend on preferred stock (7)       (7)     (7)  
Dividend on common stock (1,897)       (1,897)     (1,897)  
Balance at Sep. 30, 2020 $ 194,411 $ 480 $ 1,214 $ 134,919 $ 58,726 $ 503 $ (3,015) $ 192,827 $ 1,584
Balance (in shares) at Sep. 30, 2020     12,136,391            
[1] The Company retroactively adjusted the stock dividend declared in January 2020 into the December 2019 financial statements according to Generally Accepted Accounting Principles (GAAP). The actual
shares of the stock dividend issued subsequently were less than the shares assumed for December 31, 2019 due to the cash distribution for fraction shares to the common shareholders.
See accompanying notes to consolidated financial statements