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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, 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 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        
Balance, beginning of period at Jun. 30, 2018   128,880 19,602 385 148,867
Balance (in shares) at Jun. 30, 2018 10,712,745        
Increase (Decrease) in Shareholders' Equity          
Net income for period     3,069   3,069
Other comprehensive income          
Net unrealized gain on securities available for sale       (1,412) (1,412)
Total comprehensive income     3,069 (1,412) 1,657
Stock compensation   201     201
Capital raise, net of offering costs   (73)     (73)
Dividend on common stock     (1,285)   (1,285)
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        
Balance, beginning of period at Dec. 31, 2018   129,066 23,466 (463) 152,069
Balance (in shares) at Dec. 31, 2018 10,712,745        
Increase (Decrease) in Shareholders' Equity          
Net income for period     10,555   10,555
Other comprehensive income          
Net unrealized gain on securities available for sale       1,387 1,387
Total comprehensive income     10,555 1,387 11,942
Stock compensation   226     226
Restricted stock award vesting (in shares) 27,967        
Dividend on common stock     (4,072)   (4,072)
Balance, end of period at Sep. 30, 2019   129,292 29,949 924 160,165
Balance (in shares) at Sep. 30, 2019 10,740,712        
Balance, beginning of period at Jun. 30, 2019   129,262 27,734 844 157,840
Balance (in shares) at Jun. 30, 2019 10,740,712        
Increase (Decrease) in Shareholders' Equity          
Net income for period     3,719   3,719
Other comprehensive income          
Net unrealized gain on securities available for sale       80 80
Total comprehensive income     3,719 80 3,799
Stock compensation   30     30
Dividend on common stock     (1,504)   (1,504)
Balance, end of period at Sep. 30, 2019   $ 129,292 $ 29,949 $ 924 $ 160,165
Balance (in shares) at Sep. 30, 2019 10,740,712