XML 12 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment [Member]
Private Placement [Member]
Series C Preferred Stock [Member]
Common Stock [Member]
Common Stock [Member]
Private Placement [Member]
Preferred Stock [Member]
Series C Preferred Stock [Member]
Preferred Stock [Member]
Series C Preferred Stock [Member]
Private Placement [Member]
Additional Paid-in Capital [Member]
Additional Paid-in Capital [Member]
Private Placement [Member]
Retained Earnings [Member]
Retained Earnings [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
Accumulated Other Comprehensive (Gain) Loss, net
Beginning Balance at Dec. 31, 2022 $ 248,793       $ 195,960       $ 252   $ 97,682   $ (45,101)
Beginning Balance, Shares at Dec. 31, 2022         18,950,329                
Net loss (4,643)                   (4,643)    
Other comprehensive income (loss) (1,157)                       (1,157)
Dividends on common stock (4,641)                   (4,641)    
Stock option exercises 26       $ 26                
Stock option exercises, Shares         3,750                
Restricted stock awards, net of forfeitures 936       $ 936                
Restricted stock awards, net of forfeitures, Shares         (26,842)                
Dividend reinvestment plan issuances 68       $ 68                
Dividend reinvestment plan issuances, shares         6,400                
Ending Balance at Jun. 30, 2023 231,271 $ (8,111)     $ 196,990       252   80,287 $ (8,111) (46,258)
Ending Balance, Shares at Jun. 30, 2023         18,933,637                
Beginning Balance at Mar. 31, 2023 246,735       $ 196,498       252   91,220   (41,235)
Beginning Balance, Shares at Mar. 31, 2023         18,942,091                
Net loss (8,613)                   (8,613)    
Other comprehensive income (loss) (5,023)                       (5,023)
Dividends on common stock (2,320)                   (2,320)    
Restricted stock awards, net of forfeitures 457       $ 457                
Restricted stock awards, net of forfeitures, Shares         (12,210)                
Dividend reinvestment plan issuances 35       $ 35                
Dividend reinvestment plan issuances, shares         3,756                
Ending Balance at Jun. 30, 2023 231,271 $ (8,111)     $ 196,990       252   80,287 $ (8,111) (46,258)
Ending Balance, Shares at Jun. 30, 2023         18,933,637                
Beginning Balance at Dec. 31, 2023 185,989 [1]       $ 197,636       252   33,157   (45,056)
Beginning Balance, Shares at Dec. 31, 2023         19,198,379                
Net loss (14,328)                   (14,328)    
Other comprehensive income (loss) 573                       573
Issuance of stock and warrants from Private Placements, net of issuance costs     $ 152,474     $ 102,434   $ 137   $ 49,903      
Issuance of stock and warrants from Private Placements, net of issuance costs, Shares           53,922,000   2,732          
Restricted stock awards, net of forfeitures 906       $ 906                
Restricted stock awards, net of forfeitures, Shares         383,268                
Ending Balance at Jun. 30, 2024 325,614       $ 300,976   $ 137   50,155   18,829   (44,483)
Ending Balance, Shares at Jun. 30, 2024         73,503,647   2,732            
Beginning Balance at Mar. 31, 2024 180,906       $ 198,004       252   30,264   (47,614)
Beginning Balance, Shares at Mar. 31, 2024         19,584,040                
Net loss (11,435)                   (11,435)    
Other comprehensive income (loss) 3,131                       3,131
Issuance of stock and warrants from Private Placements, net of issuance costs     $ 152,474     $ 102,434   $ 137   $ 49,903      
Issuance of stock and warrants from Private Placements, net of issuance costs, Shares           53,922,000   2,732          
Restricted stock awards, net of forfeitures 538       $ 538                
Restricted stock awards, net of forfeitures, Shares       0 (2,393)                
Ending Balance at Jun. 30, 2024 $ 325,614       $ 300,976   $ 137   $ 50,155   $ 18,829   $ (44,483)
Ending Balance, Shares at Jun. 30, 2024         73,503,647   2,732            
[1] Derived from audited December 31, 2023 Consolidated Financial Statements.