XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Thousands
Total
Preferred Stock [Member]
Common Stock [Member]
Additional Paid in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Loss [Member]
Unearned ESOP [Member]
Non-controlling Interest [Member]
Non-Voting Common Stock [Member]
Common Stock [Member]
Balance at Dec. 31, 2019 $ 90,669 $ 12 $ 47 $ 49,362 $ 44,839 $ (2,971) $ (855) $ 235  
Net Income 7,046       6,950     96  
Other comprehensive income, net of tax 735         735      
Exchange of common shares to preferred shares, at par value [1]   2 (2)            
ESOP shares earned 270     90     180    
Stock based compensation 300     300          
Stock options exercised 223     223          
Common stock dividends declared (1,102)       (1,102)        
Preferred stock dividends declared (291)       (291)        
Warrant dividends declared (30)       (30)        
Capital transfer from affiliates       7       (7)  
Cumulative effect of affiliate capital allocation       42 (82)     40  
Distributions from affiliates (98)             (98)  
Balance at Dec. 31, 2020 97,722 14 45 50,024 50,284 (2,236) (675) 266  
Net Income 12,510       12,407     103  
Conversion of Preferred stock to Non-Voting common stock   $ (14)             $ 14
Other comprehensive income, net of tax 968         968      
ESOP shares earned 376     196     180    
Stock based compensation 241     241          
Stock options exercised 551   1 550          
Common stock dividends declared (1,258)       (1,258)        
Non-Voting common stock dividends declared ($0.21 per share) (290)       (290)        
Preferred stock dividends declared (97)       (97)        
Warrant dividends declared (35)       (35)        
Cumulative effect of affiliate capital allocation       33 (65)     32  
Distributions from affiliates (55)             (55)  
Balance at Dec. 31, 2021 $ 110,633   $ 46 $ 51,044 $ 60,946 $ (1,268) $ (495) $ 346 $ 14
[1]

On November 13, 2020, the Company issued to Castle Creek 225,000 shares of its Series B Preferred Shares in exchange for an equivalent number of shares of Company Common Stock held by Castle Creek. Castle Creek was the only stockholder of the Series B Preferred Shares. The Company received no cash proceeds as a result of the exchange.