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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($)
$ in Thousands
Shares of Common Stock
Common Stock and Additional Paid in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Total
Balance, beginning of period at Dec. 31, 2014   $ 61,679 $ 11,804 $ 513 $ 73,996
Balance (in shares) at Dec. 31, 2014 6,266,756        
Increase (Decrease) in Shareholders' Equity          
Net income     5,596   5,596
Other comprehensive income (loss):          
Net change in unrealized gain on securities available for sale       (265) (265)
Total comprehensive income       (265) 5,331
Stock compensation   576     576
Restricted stock award vesting (in shares) 53,319        
Repurchase of common stock   (1,122)     (1,122)
Repurchase of common stock (in shares) (102,455)        
Dividend on common stock     (2,179)   (2,179)
Balance, end of period at Dec. 31, 2015   61,133 15,221 248 76,602
Balance (in shares) at Dec. 31, 2015 6,217,620        
Increase (Decrease) in Shareholders' Equity          
Net income     4,483   4,483
Other comprehensive income (loss):          
Net change in unrealized gain on securities available for sale       (399) (399)
Actuarial loss on defined benefit pension obligation       (29) (29)
Total comprehensive income       (428) 4,055
Stock compensation   600     600
Restricted stock award vesting (in shares) 59,751        
Repurchase of common stock   (150)     (150)
Repurchase of common stock (in shares) (14,000)        
Dividend on common stock     (2,498)   (2,498)
Balance, end of period at Dec. 31, 2016   61,583 17,206 (180) 78,609
Balance (in shares) at Dec. 31, 2016 6,263,371        
Increase (Decrease) in Shareholders' Equity          
Net income     5,479   5,479
Other comprehensive income (loss):          
Net change in unrealized gain on securities available for sale       42 42
Actuarial loss on defined benefit pension obligation       (106) (106)
Total comprehensive income       (64) 5,415
Stock compensation   398     398
Restricted stock award vesting (in shares) 31,559        
Reclassification of certain deferred tax effects     48 (48)  
Dividend on common stock     (3,022)   (3,022)
Balance, end of period at Dec. 31, 2017   $ 61,981 $ 19,711 $ (292) $ 81,400
Balance (in shares) at Dec. 31, 2017 6,294,930