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Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)
Total
No Par, Preferred Stock
No Par, Common Stock
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period at Dec. 31, 2022 $ 18,950,000   $ 97,913,000 $ (60,760,000) $ (18,203,000)
Balance at beginning of period (in shares) at Dec. 31, 2022     12,215,849    
Net income (loss) (6,444,000)     (6,444,000)  
Repurchase of common stock, Shares     (1,968)    
Repurchase of common stock (3,000)   $ (3,000)    
Stock-based compensation expense, Shares     9,000    
Stock-based compensation expense 147,000   $ 147,000    
Other comprehensive income (loss) (859,000)       (859,000)
Balance at end of period at Sep. 30, 2023 11,791,000   $ 98,057,000 (67,204,000) (19,062,000)
Balance at ending of period (in shares) at Sep. 30, 2023     12,222,881    
Balance at beginning of period at Jun. 30, 2023 16,857,000   $ 98,013,000 (64,498,000) (16,658,000)
Balance at beginning of period (in shares) at Jun. 30, 2023     12,222,881    
Net income (loss) (2,706,000)     (2,706,000)  
Stock-based compensation expense 44,000   $ 44,000    
Other comprehensive income (loss) (2,404,000)       (2,404,000)
Balance at end of period at Sep. 30, 2023 11,791,000   $ 98,057,000 (67,204,000) (19,062,000)
Balance at ending of period (in shares) at Sep. 30, 2023     12,222,881    
Balance at beginning of period at Dec. 31, 2023 2,889,000 $ 6,000,000 $ 98,100,000 (86,683,000) (14,528,000)
Balance at beginning of period (in shares) at Dec. 31, 2023   1,000 12,222,881    
Net income (loss) 49,729,000     49,729,000  
Stock-based compensation expense 62,000   $ 62,000    
Dividends on preferred stock (817,000)     (817,000)  
Redemption of preferred stock, shares   (1,000)      
Redemption of preferred stock (6,000,000) $ (6,000,000)      
Other comprehensive income (loss) 3,188,000       3,188,000
Balance at end of period at Sep. 30, 2024 49,051,000   $ 98,162,000 (37,771,000) (11,340,000)
Balance at ending of period (in shares) at Sep. 30, 2024     12,222,881    
Balance at beginning of period at Jun. 30, 2024 (1,165,000) $ 6,000,000 $ 98,170,000 (90,559,000) (14,776,000)
Balance at beginning of period (in shares) at Jun. 30, 2024   1,000 12,222,881    
Net income (loss) 53,290,000     53,290,000  
Stock-based compensation expense (8,000)   $ (8,000)    
Dividends on preferred stock (502,000)     (502,000)  
Redemption of preferred stock, shares   (1,000)      
Redemption of preferred stock (6,000,000) $ (6,000,000)      
Other comprehensive income (loss) 3,436,000       3,436,000
Balance at end of period at Sep. 30, 2024 $ 49,051,000   $ 98,162,000 $ (37,771,000) $ (11,340,000)
Balance at ending of period (in shares) at Sep. 30, 2024     12,222,881