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Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
Common stock
Retained earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained earnings
Treasury stock
Accumulated other comprehensive (loss) income
Cumulative Effect, Period of Adoption, Adjustment
Total
Beginning Balance (in shares) at Dec. 31, 2021 10,391            
Beginning balance at Dec. 31, 2021 $ 94,003   $ 123,037 $ (11,633) $ 322   $ 205,729
Increase (Decrease) in Stockholders' Equity              
Net income     9,108       9,108
Other comprehensive income, net of tax         286   286
Dividends on common stock ($0.12 per share) $ 37   (1,045)       (1,008)
Share-based compensation (1) (in shares) [1] 102            
Share-based compensation (1) [1] $ 813           813
Ending Balance (in shares) at Mar. 31, 2022 10,493            
Ending balance at Mar. 31, 2022 $ 94,853   131,100 (11,633) 608   214,928
Beginning Balance (in shares) at Dec. 31, 2021 10,391            
Beginning balance at Dec. 31, 2021 $ 94,003   123,037 (11,633) 322   205,729
Increase (Decrease) in Stockholders' Equity              
Net income             28,501
Other comprehensive income, net of tax         (3,122)   (3,122)
Ending Balance (in shares) at Sep. 30, 2022 10,533            
Ending balance at Sep. 30, 2022 $ 96,493   148,174 (11,633) (2,800)   230,234
Beginning Balance (in shares) at Mar. 31, 2022 10,493            
Beginning balance at Mar. 31, 2022 $ 94,853   131,100 (11,633) 608   214,928
Increase (Decrease) in Stockholders' Equity              
Net income     9,451       9,451
Other comprehensive income, net of tax         (3,230)   (3,230)
Dividends on common stock ($0.12 per share) $ 43   (1,157)       (1,114)
Share-based compensation (1) (in shares) [1] 18            
Share-based compensation (1) [1] $ 754           754
Ending Balance (in shares) at Jun. 30, 2022 10,511            
Ending balance at Jun. 30, 2022 $ 95,650   139,394 (11,633) (2,622)   220,789
Increase (Decrease) in Stockholders' Equity              
Net income     9,942       9,942
Other comprehensive income, net of tax         (178)   (178)
Dividends on common stock ($0.12 per share) $ 41   (1,162)       (1,121)
Share-based compensation (1) (in shares) [1] 22            
Share-based compensation (1) [1] $ 802           802
Ending Balance (in shares) at Sep. 30, 2022 10,533            
Ending balance at Sep. 30, 2022 $ 96,493   148,174 (11,633) (2,800)   230,234
Increase (Decrease) in Stockholders' Equity              
Effect of adopting Accounting Standards Update ("ASU") No. 2016-13 ("CECL")             $ (156,958)
Beginning Balance (in shares) at Dec. 31, 2022 10,584           10,584
Beginning balance at Dec. 31, 2022 $ 97,204   156,958 (11,675) (3,260)   $ 239,227
Increase (Decrease) in Stockholders' Equity              
Net income     10,287       10,287
Other comprehensive income, net of tax         81   81
Dividends on common stock ($0.12 per share) (in shares) 2            
Dividends on common stock ($0.12 per share) $ 46   (1,261)       (1,215)
Share-based compensation (1) (in shares) [1] 44            
Share-based compensation (1) [1] $ 947           947
Treasury stock purchased, at cost (2) (in shares) (338)            
Treasury stock purchased, at cost (2)       (8,219)     (8,219)
Ending Balance (in shares) at Mar. 31, 2023 10,292            
Ending balance at Mar. 31, 2023 $ 98,197 $ 649 165,335 (19,894) (3,179) $ 649 $ 240,459
Beginning Balance (in shares) at Dec. 31, 2022 10,584           10,584
Beginning balance at Dec. 31, 2022 $ 97,204   156,958 (11,675) (3,260)   $ 239,227
Increase (Decrease) in Stockholders' Equity              
Net income             29,937
Other comprehensive income, net of tax         (700)   $ (700)
Ending Balance (in shares) at Sep. 30, 2023 10,115           10,115
Ending balance at Sep. 30, 2023 $ 99,741   182,557 (25,954) (3,960)   $ 252,384
Beginning Balance (in shares) at Mar. 31, 2023 10,292            
Beginning balance at Mar. 31, 2023 $ 98,197 $ 649 165,335 (19,894) (3,179) $ 649 240,459
Increase (Decrease) in Stockholders' Equity              
Net income     9,700       9,700
Other comprehensive income, net of tax         (444)   (444)
Dividends on common stock ($0.12 per share) (in shares) 2            
Dividends on common stock ($0.12 per share) $ 47   (1,212)       (1,165)
Share-based compensation (1) (in shares) [1] 50            
Share-based compensation (1) [1] $ 666           666
Treasury stock purchased, at cost (2) (in shares) (225)            
Treasury stock purchased, at cost (2)       (5,143)     (5,143)
Ending Balance (in shares) at Jun. 30, 2023 10,119            
Ending balance at Jun. 30, 2023 $ 98,910   173,823 (25,037) (3,623)   244,073
Increase (Decrease) in Stockholders' Equity              
Net income     9,950       9,950
Other comprehensive income, net of tax         (337)   (337)
Dividends on common stock ($0.12 per share) (in shares) 2            
Dividends on common stock ($0.12 per share) $ 47   (1,216)       (1,169)
Share-based compensation (1) (in shares) [1] 22            
Share-based compensation (1) [1] $ 784           784
Treasury stock purchased, at cost (2) (in shares) [2] (28)            
Treasury stock purchased, at cost (2) [2]       (917)     $ (917)
Ending Balance (in shares) at Sep. 30, 2023 10,115           10,115
Ending balance at Sep. 30, 2023 $ 99,741   $ 182,557 $ (25,954) $ (3,960)   $ 252,384
Increase (Decrease) in Stockholders' Equity              
Effect of adopting Accounting Standards Update ("ASU") No. 2016-13 ("CECL")             $ (182,557)
[1] 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.
[2] Includes an excise tax accrual of $0.1 million.