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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Optima Bank And Trust Company
Wellesley Bancorp Inc
Common Stock
Additional Paid-In Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income / (Loss)
Beginning balance at Dec. 31, 2018 $ 167,026       $ 4,107 $ 38,271 $ 131,135   $ (6,487)
Accounting Standards Update [Extensible List] ASU 2020-04       ASU 2020-04 ASU 2020-04 ASU 2020-04   ASU 2020-04
Net income $ 25,257           $ 25,257    
Other comprehensive income (loss) 4,006               $ 4,006
Share based compensation and other share-based activity 2,170       $ 20 $ 2,150      
Dividends declared (9,517)           (9,517)    
Common stock issued for merger     $ 59,417   723 58,694      
Common stock offering 38,202       551 37,651      
Ending balance at Dec. 31, 2019 286,561 $ (347)     5,401 136,766 146,875 $ (347) (2,481)
Net income 31,959           31,959    
Other comprehensive income (loss) 4,915               4,915
Share based compensation and other share-based activity 4,564       23 4,541      
Dividends declared (13,083)           (13,083)    
Common stock issued for merger       $ 87,163 1,503 85,660      
Ending balance at Dec. 31, 2020 401,732       6,927 226,967 165,404   2,434
Net income 54,024           54,024    
Other comprehensive income (loss) (3,644)               (3,644)
Share based compensation and other share-based activity 2,279       41 2,238      
Dividends declared (16,554)           (16,554)    
Ending balance at Dec. 31, 2021 $ 437,837       $ 6,968 $ 229,205 $ 202,874   $ (1,210)