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Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Common Stock
Treasury Shares
Paid-in Capital
Retained Earnings
Adoption of ASU 2016-13 (CECL)
Retained Earnings
Accumulated Other Comprehensive Loss
Adoption of ASU 2016-13 (CECL)
Total
Balance (in shares) at Dec. 31, 2022 16,030,172              
Balance (in shares) at Dec. 31, 2022   511,353            
Balance, beginning of period at Dec. 31, 2022 $ 16,030 $ (12,520) $ 143,950 $ (1,652) $ 151,743 $ (49,878) $ (1,652) $ 249,325
Net income         12,296     12,296
Other comprehensive loss, net           1,805   1,805
Cash dividends declared on common stock         (8,662)     (8,662)
Shares issued for dividend reinvestment plan (in shares)   (40,687)            
Shares issued for dividend reinvestment plan   $ 956 (146)         810
Restricted stock granted (in shares)   (53,788)            
Restricted stock granted   $ 1,314 (1,314)         0
Forfeiture of restricted stock (in shares)   21,966            
Forfeiture of restricted stock   $ (476) 476         0
Stock-based compensation expense     695         695
Purchase of restricted stock for tax withholding (in shares)   8,615            
Purchase of restricted stock for tax withholding   $ (203)           (203)
Treasury stock purchases (in shares)   314,617            
Treasury stock purchases   $ (6,297)           (6,297)
Balance (in shares) at Jun. 30, 2023 16,030,172              
Balance (in shares) at Jun. 30, 2023   762,076            
Balance, end of period at Jun. 30, 2023 $ 16,030 $ (17,226) 143,661   153,725 (48,073)   248,117
Balance (in shares) at Mar. 31, 2023 16,030,172              
Balance (in shares) at Mar. 31, 2023   545,137            
Balance, beginning of period at Mar. 31, 2023 $ 16,030 $ (13,050) 143,395   151,990 (42,797)   255,568
Net income         6,043     6,043
Other comprehensive loss, net           (5,276)   (5,276)
Cash dividends declared on common stock         (4,308)     (4,308)
Shares issued for dividend reinvestment plan (in shares)   (22,992)            
Shares issued for dividend reinvestment plan   $ 524 (117)         407
Forfeiture of restricted stock (in shares)   2,744            
Forfeiture of restricted stock   $ (65) 65         0
Stock-based compensation expense     318         318
Treasury stock purchases (in shares)   237,187            
Treasury stock purchases   $ (4,635)           (4,635)
Balance (in shares) at Jun. 30, 2023 16,030,172              
Balance (in shares) at Jun. 30, 2023   762,076            
Balance, end of period at Jun. 30, 2023 $ 16,030 $ (17,226) 143,661   153,725 (48,073)   $ 248,117
Balance (in shares) at Dec. 31, 2023 16,030,172              
Balance (in shares) at Dec. 31, 2023   735,037           735,037
Balance, beginning of period at Dec. 31, 2023 $ 16,030 $ (16,628) 144,388   157,028 (38,437)   $ 262,381
Net income         11,419     11,419
Other comprehensive loss, net           (2,924)   (2,924)
Cash dividends declared on common stock         (8,588)     (8,588)
Shares issued for dividend reinvestment plan (in shares)   (42,788)            
Shares issued for dividend reinvestment plan   $ 968 (156)         812
Restricted stock granted (in shares)   (72,860)            
Restricted stock granted   $ 1,646 (1,646)         0
Forfeiture of restricted stock (in shares)   2,076            
Forfeiture of restricted stock   $ (50) 50         0
Stock-based compensation expense     716         716
Purchase of restricted stock for tax withholding (in shares)   10,229            
Purchase of restricted stock for tax withholding   $ (212)           (212)
Treasury stock purchases (in shares)   22,496            
Treasury stock purchases   $ (383)           $ (383)
Balance (in shares) at Jun. 30, 2024 16,030,172              
Balance (in shares) at Jun. 30, 2024   654,190           654,190
Balance, end of period at Jun. 30, 2024 $ 16,030 $ (14,659) 143,352   159,859 (41,361)   $ 263,221
Balance (in shares) at Mar. 31, 2024 16,030,172              
Balance (in shares) at Mar. 31, 2024   652,107            
Balance, beginning of period at Mar. 31, 2024 $ 16,030 $ (14,735) 143,016   158,051 (40,706)   261,656
Net income         6,113     6,113
Other comprehensive loss, net           (655)   (655)
Cash dividends declared on common stock         (4,305)     (4,305)
Shares issued for dividend reinvestment plan (in shares)   (21,902)            
Shares issued for dividend reinvestment plan   $ 495 (90)         405
Forfeiture of restricted stock (in shares)   1,489            
Forfeiture of restricted stock   $ (36) 36         0
Stock-based compensation expense     390         390
Treasury stock purchases (in shares)   22,496            
Treasury stock purchases   $ (383)           $ (383)
Balance (in shares) at Jun. 30, 2024 16,030,172              
Balance (in shares) at Jun. 30, 2024   654,190           654,190
Balance, end of period at Jun. 30, 2024 $ 16,030 $ (14,659) $ 143,352   $ 159,859 $ (41,361)   $ 263,221