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Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Thousands
Common Stock
Surplus
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Accumulated Other Comprehensive Loss
Cumulative Effect, Period of Adoption, Adjustment
Total
Balance at Dec. 31, 2022 $ 67 $ 24,409   $ 166,343 $ (39,026)   $ 151,793
Net income       4,375     4,375
Other comprehensive income (loss)         69   69
Common stock issued   64         64
Common stock dividend declared       (1,334)     (1,334)
Stock based compensation   56         56
Balance at Mar. 31, 2023 67 24,529 $ (2,155) 167,229 (38,957) $ (2,155) 152,868
Balance at Dec. 31, 2022 67 24,409   166,343 (39,026)   151,793
Net income             13,302
Other comprehensive income (loss)             (4,547)
Balance at Sep. 30, 2023 67 25,029   173,467 (43,573)   154,990
Balance at Mar. 31, 2023 67 24,529 $ (2,155) 167,229 (38,957) $ (2,155) 152,868
Net income       4,414     4,414
Other comprehensive income (loss)         (1,153)   (1,153)
Common stock issued   74         74
Common stock dividend declared       (1,345)     (1,345)
Stock based compensation   298         298
Balance at Jun. 30, 2023 67 24,901   170,298 (40,110)   155,156
Net income       4,513     4,513
Other comprehensive income (loss)         (3,463)   (3,463)
Common stock issued   80         80
Common stock dividend declared       (1,344)     (1,344)
Stock based compensation   69         69
Common stock repurchased   (21)         (21)
Balance at Sep. 30, 2023 67 25,029   173,467 (43,573)   154,990
Balance at Dec. 31, 2023 66 23,734   173,900 (35,827)   161,873
Net income       3,698     3,698
Other comprehensive income (loss)         1,105   1,105
Common stock issued   74         74
Common stock dividend declared       (1,326)     (1,326)
Stock based compensation   57         57
Balance at Mar. 31, 2024 66 23,865   176,272 (34,722)   165,481
Balance at Dec. 31, 2023 66 23,734   173,900 (35,827)   161,873
Net income             14,383
Other comprehensive income (loss)             5,214
Balance at Sep. 30, 2024 65 20,288   184,239 (30,613)   173,979
Balance at Mar. 31, 2024 66 23,865   176,272 (34,722)   165,481
Net income       4,914     4,914
Other comprehensive income (loss)         (1,338)   (1,338)
Common stock issued   70         70
Common stock dividend declared       (1,294)     (1,294)
Stock based compensation   376         376
Common stock repurchased (1) (4,031)         (4,032)
Balance at Jun. 30, 2024 65 20,280   179,892 (36,060)   164,177
Net income       5,771     5,771
Other comprehensive income (loss)         5,447   5,447
Common stock issued   71         71
Common stock dividend declared       (1,424)     (1,424)
Stock based compensation   (63)         (63)
Balance at Sep. 30, 2024 $ 65 $ 20,288   $ 184,239 $ (30,613)   $ 173,979