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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock
Liberty Bell Bank
Common Stock
Virginia Partners Bank
Common Stock
Surplus
Liberty Bell Bank
Surplus
Virginia Partners Bank
Surplus
Retained Earnings
Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Liberty Bell Bank
Virginia Partners Bank
Total
Balances at Dec. 31, 2017     $ 82     $ 16,622 $ 32,615   $ (253)     $ 49,066
COMPREHENSIVE INCOME                        
Net income             5,482         5,482
Other comprehensive loss, net of tax:                        
Unrealized holding gains (losses) on securities available for sale arising during the period                 (478)     (478)
Other comprehensive income, net of tax                       (478)
TOTAL COMPREHENSIVE INCOME                       5,004
Cash dividends             (948)         (948)
Common stock issued for stock options exercised           31           31
Common stock issued to shareholders of acquired bank $ 18     $ 12,781           $ 12,799    
Stock-based compensation expense recognized in earnings, net of employee tax obligation           36           36
Balances at Dec. 31, 2018     100     29,470 37,149   (731)     65,988
COMPREHENSIVE INCOME                        
Net income             5,883 $ 10       5,893
Other comprehensive loss, net of tax:                        
Unrealized holding gains (losses) on securities available for sale arising during the period                 1,541     1,541
Reclassification adjustment for gains included in net income                 (71)     (71)
Other comprehensive income, net of tax                       1,470
TOTAL COMPREHENSIVE INCOME                       7,363
Cash dividends             (1,193)         (1,193)
Minority interest contributed capital               728       728
Reclassification adjustment for loss on equity securities realized during the period             (54)         (54)
Common stock issued for stock options exercised           50           50
Value of stock options acquired           350           350
Warrant exercises, net     8     5,334           5,342
Common stock issued to shareholders of acquired bank   $ 70     $ 52,211           $ 52,281  
Stock-based compensation expense recognized in earnings, net of employee tax obligation           22           22
Balances at Dec. 31, 2019     $ 178     $ 87,437 $ 41,785 $ 738 $ 739     $ 130,877