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CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
$ in Thousands
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Total
Beginning Balance at Dec. 31, 2018 $ 242 $ 39,915 $ 128,555 $ (104) $ 168,608
Beginning Balance (in shares) at Dec. 31, 2018 24,258,062        
Stockholders' Equity          
Net income     21,692   21,692
Stock based compensation expense   667     667
Vesting of restricted stock $ 2 (2)      
Vesting of restricted stock (in shares) 157,316        
Repurchase and retirement of common stock $ (1) (1,484)     (1,485)
Repurchase and retirement of common stock (in shares) (110,000)        
Impact of adoption of new accounting standard     (362)   (362)
Other comprehensive income       93 93
Dividends on common stock     (4,896)   (4,896)
Ending Balance at Jun. 30, 2019 $ 243 39,096 144,989 (11) 184,317
Ending Balance (in shares) at Jun. 30, 2019 24,305,378        
Beginning Balance at Mar. 31, 2019 $ 242 38,746 134,471 (70) 173,389
Beginning Balance (in shares) at Mar. 31, 2019 24,148,062        
Stockholders' Equity          
Net income     12,960   12,960
Stock based compensation expense   352     352
Vesting of restricted stock $ 1 (2)     (1)
Vesting of restricted stock (in shares) 157,316        
Other comprehensive income       59 59
Dividends on common stock     (2,442)   (2,442)
Ending Balance at Jun. 30, 2019 $ 243 39,096 144,989 (11) 184,317
Ending Balance (in shares) at Jun. 30, 2019 24,305,378        
Beginning Balance at Dec. 31, 2019 $ 255 53,854 162,616 (1) 216,724
Beginning Balance (in shares) at Dec. 31, 2019 25,529,891        
Stockholders' Equity          
Net income     17,555   17,555
Stock based compensation expense   672     672
Vesting of restricted stock $ 2 (2)      
Vesting of restricted stock (in shares) 144,176        
Other comprehensive income       123 123
Dividends on common stock     (5,653)   (5,653)
Ending Balance at Jun. 30, 2020 $ 257 54,524 174,518 122 229,421
Ending Balance (in shares) at Jun. 30, 2020 25,674,067        
Beginning Balance at Mar. 31, 2020 $ 255 54,142 169,606 (268) 223,735
Beginning Balance (in shares) at Mar. 31, 2020 25,529,891        
Stockholders' Equity          
Net income     7,739   7,739
Stock based compensation expense   384     384
Vesting of restricted stock $ 2 (2)      
Vesting of restricted stock (in shares) 144,176        
Other comprehensive income       390 390
Dividends on common stock     (2,827)   (2,827)
Ending Balance at Jun. 30, 2020 $ 257 $ 54,524 $ 174,518 $ 122 $ 229,421
Ending Balance (in shares) at Jun. 30, 2020 25,674,067