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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         19,887     19,887
Other comprehensive income (loss), net           (9,948)   (9,948)
Cash dividends declared on common stock         (12,934)     (12,934)
Shares issued for dividend reinvestment plan (in shares)   (60,871)            
Shares issued for dividend reinvestment plan   $ 1,413 (182)         1,231
Restricted stock granted (in shares)   (53,788)            
Restricted stock granted   $ 1,314 (1,314)         0
Forfeiture of restricted stock (in shares)   23,039            
Forfeiture of restricted stock   $ (503) 503         0
Stock-based compensation expense     1,015         1,015
Purchase of restricted stock for tax withholding (in shares)   9,453            
Purchase of restricted stock for tax withholding   $ (219)           (219)
Treasury stock purchases (in shares)   325,300            
Treasury stock purchases   $ (6,500)           (6,500)
Balance (in shares) at Sep. 30, 2023 16,030,172              
Balance (in shares) at Sep. 30, 2023   754,486            
Balance, end of period at Sep. 30, 2023 $ 16,030 $ (17,015) 143,972   157,044 (59,826)   240,205
Balance (in shares) at Jun. 30, 2023 16,030,172              
Balance (in shares) at Jun. 30, 2023   762,076            
Balance, beginning of period at Jun. 30, 2023 $ 16,030 $ (17,226) 143,661   153,725 (48,073)   248,117
Net income         7,591     7,591
Other comprehensive income (loss), net           (11,753)   (11,753)
Cash dividends declared on common stock         (4,272)     (4,272)
Shares issued for dividend reinvestment plan (in shares)   (20,184)            
Shares issued for dividend reinvestment plan   $ 457 (36)         421
Forfeiture of restricted stock (in shares)   1,073            
Forfeiture of restricted stock   $ (27) 27         0
Stock-based compensation expense     320         320
Purchase of restricted stock for tax withholding (in shares)   838            
Purchase of restricted stock for tax withholding   $ (16)           (16)
Treasury stock purchases (in shares)   10,683            
Treasury stock purchases   $ (203)           (203)
Balance (in shares) at Sep. 30, 2023 16,030,172              
Balance (in shares) at Sep. 30, 2023   754,486            
Balance, end of period at Sep. 30, 2023 $ 16,030 $ (17,015) 143,972   157,044 (59,826)   $ 240,205
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         17,784     17,784
Other comprehensive income (loss), net           8,373   8,373
Cash dividends declared on common stock         (12,892)     (12,892)
Shares issued for dividend reinvestment plan (in shares)   (64,476)            
Shares issued for dividend reinvestment plan   $ 1,452 (237)         1,215
Restricted stock granted (in shares)   (92,860)            
Restricted stock granted   $ 2,094 (2,094)         0
Forfeiture of restricted stock (in shares)   2,076            
Forfeiture of restricted stock   $ (50) 50         0
Stock-based compensation expense     1,099         1,099
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)   26,034            
Treasury stock purchases   $ (443)           $ (443)
Balance (in shares) at Sep. 30, 2024 16,030,172              
Balance (in shares) at Sep. 30, 2024   616,040           616,040
Balance, end of period at Sep. 30, 2024 $ 16,030 $ (13,787) 143,206   161,920 (30,064)   $ 277,305
Balance (in shares) at Jun. 30, 2024 16,030,172              
Balance (in shares) at Jun. 30, 2024   654,190            
Balance, beginning of period at Jun. 30, 2024 $ 16,030 $ (14,659) 143,352   159,859 (41,361)   263,221
Net income         6,365     6,365
Other comprehensive income (loss), net           11,297   11,297
Cash dividends declared on common stock         (4,304)     (4,304)
Shares issued for dividend reinvestment plan (in shares)   (21,688)            
Shares issued for dividend reinvestment plan   $ 484 (81)         403
Restricted stock granted (in shares)   (20,000)            
Restricted stock granted   $ 448 (448)         0
Stock-based compensation expense     383         383
Treasury stock purchases (in shares)   3,538            
Treasury stock purchases   $ (60)           $ (60)
Balance (in shares) at Sep. 30, 2024 16,030,172              
Balance (in shares) at Sep. 30, 2024   616,040           616,040
Balance, end of period at Sep. 30, 2024 $ 16,030 $ (13,787) $ 143,206   $ 161,920 $ (30,064)   $ 277,305