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Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Private Placement Offering
Common Stock
Common Stock
Private Placement Offering
Additional Paid in Capital
Additional Paid in Capital
Private Placement Offering
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Less: ESOP-Owned Shares
Balance at Dec. 31, 2020 $ 120,416   $ 6,350   $ 91,462   $ 24,605 $ 279 $ (978) $ (1,302)
Net income 8,685           8,685      
Share-based compensation 184       184          
Stock options exercised 760   55   705          
Common stock issued from private placement offering   $ 5,455   $ 227   $ 5,228        
Issuance of common stock to ESOP     15   242         (257)
Net change in fair value of ESOP shares (317)                 (317)
Other comprehensive income (loss), net of tax 762             762    
Balance at Jun. 30, 2021 135,945   6,647   97,821   33,290 1,041 (978) (1,876)
Balance at Mar. 31, 2021 126,392   6,402   92,254   29,701 791 (978) (1,778)
Net income 3,589           3,589      
Share-based compensation 115       115          
Stock options exercised 144   13   131          
Common stock issued from private placement offering   $ 5,455   $ 227   $ 5,228        
Issuance of common stock to ESOP     5   93         (98)
Other comprehensive income (loss), net of tax 250             250    
Balance at Jun. 30, 2021 135,945   6,647   97,821   33,290 1,041 (978) $ (1,876)
Balance at Dec. 31, 2021 299,007   13,482   249,202   36,029 1,393 (1,099)  
Net income 4,364           4,364      
Share-based compensation 609       609          
Stock options exercised 116   8   108          
Issuance of common stock to ESOP 547   22   525          
Restricted stock grants     31   (31)          
Other comprehensive income (loss), net of tax (2,676)             (2,676)    
Balance at Jun. 30, 2022 301,967   13,543   250,413   40,393 (1,283) (1,099)  
Balance at Mar. 31, 2022 301,203   13,524   249,775   38,116 887 (1,099)  
Net income 2,277           2,277      
Share-based compensation 330       330          
Stock options exercised 62   5   57          
Issuance of common stock to ESOP 265   11   254          
Restricted stock grants     3   (3)          
Other comprehensive income (loss), net of tax (2,170)             (2,170)    
Balance at Jun. 30, 2022 $ 301,967   $ 13,543   $ 250,413   $ 40,393 $ (1,283) $ (1,099)