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Consolidated Statements of Changes in Shareholders' Equity - USD ($)
shares in Thousands, $ in Thousands
Total
Common stock
Retained earnings (deficit)
Accumulated other comprehensive income (loss)
Balance, beginning of period at Dec. 31, 2015 $ 78,470 $ 59,371 $ 19,566 [1] $ (467)
Beginning Balance, shares at Dec. 31, 2015   9,279    
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income 13,209   13,209 [1]  
Other comprehensive income, net of tax 627     627
Dividends on common stock (1,524) $ 109 (1,633) [1]  
10% stock dividend payable September 30, 2016 0 10,394 (10,394)  
Common stock issued and related tax effects [2] 1,097 $ 1,097    
Common stock issued and related tax effects, shares [2]   130    
Proceeds from rights offering [3] 14,412 $ 14,412    
Proceeds from rights offering, shares [3]   1,068    
Balance, end of period at Dec. 31, 2016 106,291 $ 85,383 20,748 [1] 160
Ending Balance, shares at Dec. 31, 2016   10,477    
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income 12,893   12,893 [1]  
Other comprehensive income, net of tax 46     46
Dividends on common stock (2,380) $ 144 (2,524) [1]  
Common stock issued and related tax effects [2] 1,255 $ 1,255    
Common stock issued and related tax effects, shares [2]   138    
Balance, end of period at Dec. 31, 2017 $ 118,105 $ 86,782 31,117 [1] 206
Ending Balance, shares at Dec. 31, 2017 10,615 10,615    
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income $ 21,919   21,919 [1]  
Other comprehensive income, net of tax (328)     (328)
Dividends on common stock (2,802) $ 107 (2,910) [1]  
Common stock issued and related tax effects [2] 1,595 $ 1,595    
Common stock issued and related tax effects, shares [2]   165    
Balance, end of period at Dec. 31, 2018 $ 138,488 $ 88,484 50,161 [1] (157)
Ending Balance, shares at Dec. 31, 2018 10,780 10,780    
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Cumulative effect adjustment | Accounting Standards Update 2016-01 $ 40   (40) [1],[4] 40 [4]
Cumulative effect adjustment | Accounting Standards Update 2018-02 $ 75   $ 75 [1],[5] $ (75) [5]
[1] 2017 includes the impact of implementing ASU 2016-09, “Compensation - Stock Compensation (Topic 718),” which resulted in a cumulative-effect adjustment of $498 thousand to retained earnings.
[2] Includes the issuance of common stock under employee benefit plans, which includes nonqualified stock options and restricted stock expense related entries, employee option exercises and the tax benefit of options exercised.
[3] Represents gross proceeds of $14.6 million reduced by legal, accounting and other filing feeds of approximately $213 thousand.
[4] As a result of ASU 2016-01, "Financial Instruments Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities", the Company reclassed $40 thousand of losses on available for sale equity securities sitting in accumulated other comprehensive income to retained earnings.
[5] As a result of ASU 2018-02, "Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income", the Company reclassed $75 thousand from accumulated other comprehensive income to retained earnings.