XML 16 R6.htm IDEA: XBRL DOCUMENT v3.21.4
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)
Total
Common Stock
Additional Paid in Capital
Retained Earnings
Accumulated Other Comprehensive Income
Treasury Stock
Less: ESOP-Owned Shares
Balance at Dec. 31, 2019 $ 56,521,020 $ 3,923,224 $ 41,831,567 $ 12,489,767 $ 490 $ (940,738) $ (783,290)
Net Income 9,580,308     9,580,308      
Share-based compensation 209,763   209,763        
Common stock issued for acquisition of Heritage Bancorp, Inc. 50,861,069 2,362,555 48,498,514        
Stock options exercised 0            
Issuance of common stock to ESOP   24,268 376,447       (400,715)
Sales of treasury stock 37,345         37,345  
Net change in fair value of ESOP shares 18,330           18,330
Net redemption of treasury stock (75,469)         (75,469)  
Other comprehensive income, net of tax 194,460       194,460    
Balance at Sep. 30, 2020 117,346,826 6,310,047 90,916,291 22,070,075 194,950 (978,862) (1,165,675)
Balance at Jun. 30, 2020 113,036,297 6,304,347 90,770,238 17,936,379 38,102 (1,016,207) (996,562)
Net Income 4,133,696     4,133,696      
Share-based compensation 81,523   81,523        
Adjustments to common stock issued for acquisition of Heritage Bancorp, Inc. (98,883) (4,593) (94,290)        
Issuance of common stock to ESOP   10,293 158,820       (169,113)
Sales of treasury stock 37,345         37,345  
Other comprehensive income, net of tax 156,848       156,848    
Balance at Sep. 30, 2020 117,346,826 6,310,047 90,916,291 22,070,075 194,950 (978,862) (1,165,675)
Balance at Dec. 31, 2020 120,416,203 6,350,184 91,461,923 24,605,020 279,440 (978,862) (1,301,502)
Net Income 11,069,753     11,069,753      
Share-based compensation 350,246   350,246        
Warrants exercised 18,865 1,715 17,150        
Stock options exercised 980,940 73,797 907,143        
Common stock issued during 2021 private placement offering 70,509,024 2,937,876 67,571,148        
Issuance of common stock to ESOP   23,782 417,218       (441,000)
Net change in fair value of ESOP shares (317,438)           (317,438)
Other comprehensive income, net of tax 1,114,379       1,114,379    
Balance at Sep. 30, 2021 204,141,972 9,387,354 160,724,828 35,674,773 1,393,819 (978,862) (2,059,940)
Balance at Jun. 30, 2021 135,945,066 6,647,109 97,820,972 33,289,529 1,042,038 (978,862) (1,875,720)
Net Income 2,385,244     2,385,244      
Share-based compensation 166,110   166,110        
Warrants exercised 18,865 1,715 17,150        
Stock options exercised 221,250 18,750 202,500        
Common stock issued during 2021 private placement offering 65,053,656 2,710,569 62,343,087        
Issuance of common stock to ESOP   9,211 175,009       (184,220)
Other comprehensive income, net of tax 351,781       351,781    
Balance at Sep. 30, 2021 $ 204,141,972 $ 9,387,354 $ 160,724,828 $ 35,674,773 $ 1,393,819 $ (978,862) $ (2,059,940)