XML 16 R6.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Common Stock
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Treasury Stock
Beginning balance (in shares) at Dec. 31, 2023   16,998,929          
Beginning balance at Dec. 31, 2023 $ 542,350 $ 16,999   $ 405,725 $ 145,982 $ (16,637) $ (9,719)
Net income 12,133       12,133    
Total other comprehensive income (loss) (310)         (310)  
Common stock cash dividends declared, $0.20 per share (3,314)       (3,314)    
Repurchased stock (323)           (323)
Employee Stock Purchase Plan (in shares)   5,653          
Employee Stock Purchase Plan 112 $ 5   107      
Director Stock Purchase Plan (in shares)   1,777          
Director Stock Purchase Plan 36 $ 2   34      
Restricted stock activity 284     284      
Ending balance (in shares) at Mar. 31, 2024   17,006,359          
Ending balance at Mar. 31, 2024 550,968 $ 17,006   406,150 154,801 (16,947) (10,042)
Beginning balance (in shares) at Dec. 31, 2023   16,998,929          
Beginning balance at Dec. 31, 2023 542,350 $ 16,999   405,725 145,982 (16,637) (9,719)
Net income 36,205            
Total other comprehensive income (loss) 3,521            
Ending balance (in shares) at Sep. 30, 2024   17,060,896          
Ending balance at Sep. 30, 2024 573,059 $ 17,061   406,922 172,234 (13,116) (10,042)
Beginning balance (in shares) at Mar. 31, 2024   17,006,359          
Beginning balance at Mar. 31, 2024 550,968 $ 17,006   406,150 154,801 (16,947) (10,042)
Net income 11,771       11,771    
Total other comprehensive income (loss) (176)         (176)  
Common stock cash dividends declared, $0.20 per share (3,316)       (3,316)    
Employee Stock Purchase Plan (in shares)   5,123          
Employee Stock Purchase Plan 103 $ 5   98      
Director Stock Purchase Plan (in shares)   1,389          
Director Stock Purchase Plan 30 $ 1   29      
Restricted stock activity (in shares)   38,365          
Restricted stock activity 306   $ 39 267      
Ending balance (in shares) at Jun. 30, 2024   17,051,236          
Ending balance at Jun. 30, 2024 559,686 $ 17,051   406,544 163,256 (17,123) (10,042)
Net income 12,301       12,301    
Total other comprehensive income (loss) 4,007         4,007  
Common stock cash dividends declared, $0.20 per share (3,323)       (3,323)    
Employee Stock Purchase Plan (in shares)   5,565          
Employee Stock Purchase Plan 122 $ 6   116      
Director Stock Purchase Plan (in shares)   1,021          
Director Stock Purchase Plan 31 $ 1   30      
Restricted stock activity (in shares)   3,074          
Restricted stock activity 235   3 232      
Ending balance (in shares) at Sep. 30, 2024   17,060,896          
Ending balance at Sep. 30, 2024 $ 573,059 $ 17,061   406,922 172,234 (13,116) (10,042)
Beginning balance (in shares) at Dec. 31, 2024 19,355,797 19,796,519          
Beginning balance at Dec. 31, 2024 $ 655,018 $ 19,797   480,491 181,597 (16,825) (10,042)
Net income 13,742       13,742    
Total other comprehensive income (loss) 2,662         2,662  
Common stock cash dividends declared, $0.20 per share (3,870)       (3,870)    
Employee Stock Purchase Plan (in shares)   5,311          
Employee Stock Purchase Plan 137 $ 5   132      
Director Stock Purchase Plan (in shares)   986          
Director Stock Purchase Plan 26 $ 1   25      
Restricted stock activity 218     218      
Ending balance (in shares) at Mar. 31, 2025   19,802,816          
Ending balance at Mar. 31, 2025 $ 667,933 $ 19,803   480,866 191,469 (14,163) (10,042)
Beginning balance (in shares) at Dec. 31, 2024 19,355,797 19,796,519          
Beginning balance at Dec. 31, 2024 $ 655,018 $ 19,797   480,491 181,597 (16,825) (10,042)
Net income 36,801            
Total other comprehensive income (loss) $ 7,918            
Ending balance (in shares) at Sep. 30, 2025 23,039,223 23,550,614          
Ending balance at Sep. 30, 2025 $ 796,323 $ 23,551   588,405 205,320 (8,907) (12,046)
Beginning balance (in shares) at Mar. 31, 2025   19,802,816          
Beginning balance at Mar. 31, 2025 667,933 $ 19,803   480,866 191,469 (14,163) (10,042)
Net income 4,762       4,762    
Total other comprehensive income (loss) 2,407         2,407  
Common stock cash dividends declared, $0.20 per share (4,657)       (4,657)    
Common stock issued in business combination (in shares) [1]   3,506,795          
Common stock issued in business combination [1] 103,206 $ 3,507   99,699      
Stock options exercised (in shares)   31,323          
Stock options exercised 3,364 $ 31   3,333      
Repurchased stock (1,778)           (1,778)
Employee Stock Purchase Plan (in shares)   4,636          
Employee Stock Purchase Plan 120 $ 5   115      
Director Stock Purchase Plan (in shares)   901          
Director Stock Purchase Plan 25 $ 1   24      
Restricted stock activity (in shares)   72,257          
Restricted stock activity 326   72 254      
Ending balance (in shares) at Jun. 30, 2025   23,418,728          
Ending balance at Jun. 30, 2025 775,708 $ 23,419   584,291 191,574 (11,756) (11,820)
Net income 18,297       18,297    
Total other comprehensive income (loss) 2,849         2,849  
Common stock cash dividends declared, $0.20 per share (4,551)       (4,551)    
Stock options exercised (in shares)   108,548          
Stock options exercised 3,161 $ 109   3,052      
Repurchased stock (226)           (226)
Employee Stock Purchase Plan (in shares)   5,067          
Employee Stock Purchase Plan 145 $ 5   140      
Director Stock Purchase Plan (in shares)   893          
Director Stock Purchase Plan 26 $ 1   25      
Restricted stock activity (in shares)   17,378          
Restricted stock activity $ 914   $ 17 897      
Ending balance (in shares) at Sep. 30, 2025 23,039,223 23,550,614          
Ending balance at Sep. 30, 2025 $ 796,323 $ 23,551   $ 588,405 $ 205,320 $ (8,907) $ (12,046)
[1] Shares issued on April 30, 2025 as a result of the William Penn acquisition. See "Note 2 - Business Combinations" to the Consolidated Financial Statements for more information.