XML 17 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($)
$ in Thousands
Shares of Common Stock
Common Stock and Additional Paid in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Total
Balance, beginning 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 for period     5,499   5,499
Other comprehensive income          
Net unrealized (loss) gain on securities available for sale       509 509
Total comprehensive income     5,499 509 6,008
Stock compensation   298     298
Restricted stock award vesting (in shares) 31,559        
Dividend on common stock     (2,266)   (2,266)
Balance, end of period at Sep. 30, 2017   61,881 20,439 329 82,649
Balance (in shares) at Sep. 30, 2017 6,294,930        
Balance, beginning of period at Dec. 31, 2017   61,981 19,711 (292) 81,400
Balance (in shares) at Dec. 31, 2017 6,294,930        
Increase (Decrease) in Shareholders' Equity          
Net income for period     5,002   5,002
Other comprehensive income          
Net unrealized (loss) gain on securities available for sale       (735) (735)
Total comprehensive income     5,002 (735) 4,267
Stock compensation   475     475
Restricted stock award vesting (in shares) 45,630        
FFNM acquisition   34,101     34,101
FFNM acquisition (in shares) 2,146,378        
Capital raise, net of offering costs   32,451     32,451
Capital raise, net of offering costs (in shares) 2,225,807        
Dividend on common stock     (3,327)   (3,327)
Balance, end of period at Sep. 30, 2018   $ 129,008 $ 21,386 $ (1,027) $ 149,367
Balance (in shares) at Sep. 30, 2018 10,712,745