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Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Treasury Stock, At Cost
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Unallocated Common Stock of ESOP
Balance at Dec. 31, 2022 $ 492,700 $ 225,000 $ 249 $ (2) $ 206,508 $ 92,955 $ (17,860) $ (14,150)
Balance, Shares at Dec. 31, 2022   225,000 24,859,353          
Net income (loss) 331         331    
Other comprehensive income (loss), net of tax 1,231           1,231  
Impact of CECL adoption, net of tax 1,113         1,113    
Release of restricted stock units, shares     4,147          
ESOP shares committed to be released 262       (29)     291
Share-based compensation 404       404      
Balance at Mar. 31, 2023 496,041 $ 225,000 $ 249 (2) 206,883 94,399 (16,629) (13,859)
Balance, Shares at Mar. 31, 2023   225,000 24,863,500          
Balance at Dec. 31, 2022 492,700 $ 225,000 $ 249 (2) 206,508 92,955 (17,860) (14,150)
Balance, Shares at Dec. 31, 2022   225,000 24,859,353          
Net income (loss) 244              
Balance at Jun. 30, 2023 490,482 $ 225,000 $ 249 (5,202) 207,287 94,312 (17,597) (13,567)
Balance, Shares at Jun. 30, 2023   225,000 24,268,787          
Balance at Mar. 31, 2023 496,041 $ 225,000 $ 249 (2) 206,883 94,399 (16,629) (13,859)
Balance, Shares at Mar. 31, 2023   225,000 24,863,500          
Net income (loss) (87)         (87)    
Other comprehensive income (loss), net of tax (968)           (968)  
Repurchases of common stock (5,200)     (5,200)        
Repurchases of common stock, Shares     (615,948)          
Release of restricted stock units, shares     21,235          
ESOP shares committed to be released 292             292
Share-based compensation 404       404      
Balance at Jun. 30, 2023 490,482 $ 225,000 $ 249 (5,202) 207,287 94,312 (17,597) (13,567)
Balance, Shares at Jun. 30, 2023   225,000 24,268,787          
Balance at Dec. 31, 2023 491,395 $ 225,000 $ 249 (9,747) 207,106 97,420 (15,649) (12,984)
Balance, Shares at Dec. 31, 2023   225,000 23,785,520          
Net income (loss) 2,414         2,414    
Other comprehensive income (loss), net of tax (941)           (941)  
Release of restricted stock units       45 (45)      
Release of restricted stock units, shares     4,977          
ESOP shares committed to be released 297       6     291
Share-based compensation 517       517      
Balance at Mar. 31, 2024 493,682 $ 225,000 $ 249 (9,702) 207,584 99,834 (16,590) (12,693)
Balance, Shares at Mar. 31, 2024   225,000 23,790,497          
Balance at Dec. 31, 2023 491,395 $ 225,000 $ 249 (9,747) 207,106 97,420 (15,649) (12,984)
Balance, Shares at Dec. 31, 2023   225,000 23,785,520          
Net income (loss) 5,606              
Balance at Jun. 30, 2024 497,657 $ 225,000 $ 249 (9,519) 207,934 102,951 (16,557) (12,401)
Balance, Shares at Jun. 30, 2024   225,000 23,811,732          
Balance at Mar. 31, 2024 493,682 $ 225,000 $ 249 (9,702) 207,584 99,834 (16,590) (12,693)
Balance, Shares at Mar. 31, 2024   225,000 23,790,497          
Net income (loss) 3,192         3,192    
Preferred Stock Dividend (75)         (75)    
Other comprehensive income (loss), net of tax 33           33  
Release of restricted stock units       183 (183)      
Release of restricted stock units, shares     21,235          
ESOP shares committed to be released 306       14     292
Share-based compensation 519       519      
Balance at Jun. 30, 2024 $ 497,657 $ 225,000 $ 249 $ (9,519) $ 207,934 $ 102,951 $ (16,557) $ (12,401)
Balance, Shares at Jun. 30, 2024   225,000 23,811,732