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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Thousands
Common stock
Preferred stock
Nonvested restricted stock
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings
Total
Beginning balance, value at Dec. 31, 2022 $ 80 $ (3,306) $ 119,027 $ (13,410) $ 192,121 $ 294,512
Beginning balance shares outstanding at Dec. 31, 2022 8,011,045          
Net income 5,161 5,161
Proceeds from exercise of stock options $ 1 184 185
Proceeds from exercise of stock options (in Shares) 11,000          
Issuance of restricted stock, net of forfeitures (1,436) 1,436
Issuance of restricted stock (in Shares) 36,393          
Compensation expense related to restricted stock, net of tax 691 691
Compensation expense related to stock options, net of tax 265 265
Other comprehensive income (loss) 700 700
Ending balance, value at Jun. 30, 2023 $ 81 (4,051) 120,912 (12,710) 197,282 301,514
Ending balance shares outstanding at Jun. 30, 2023 8,058,438          
Beginning balance, value at Mar. 31, 2023 $ 80 (4,462) 120,683 (11,775) 194,824 299,350
Beginning balance shares outstanding at Mar. 31, 2023 8,047,975          
Net income 2,458 2,458
Proceeds from exercise of stock options $ 1 168 169
Proceeds from exercise of stock options (in Shares) 10,000          
Issuance of restricted stock, net of forfeitures 85 (85)
Issuance of restricted stock (in Shares) 463          
Compensation expense related to restricted stock, net of tax 326 326
Compensation expense related to stock options, net of tax 146 146
Other comprehensive income (loss) (935) (935)
Ending balance, value at Jun. 30, 2023 $ 81 (4,051) 120,912 (12,710) 197,282 301,514
Ending balance shares outstanding at Jun. 30, 2023 8,058,438          
Beginning balance, value at Dec. 31, 2023 $ 81 (3,596) 121,777 (11,342) 205,547 312,467
Beginning balance shares outstanding at Dec. 31, 2023 8,088,186          
Net income 5,521 5,521
Proceeds from exercise of stock options 167 167
Proceeds from exercise of stock options (in Shares) 11,000          
Issuance of restricted stock, net of forfeitures $ 1 (2,035) 2,034
Issuance of restricted stock (in Shares) 55,911          
Compensation expense related to restricted stock, net of tax 921 921
Compensation expense related to stock options, net of tax 196 196
Other comprehensive income (loss) (524) (524)
Ending balance, value at Jun. 30, 2024 $ 82 (4,710) 124,174 (11,866) 211,068 318,748
Ending balance shares outstanding at Jun. 30, 2024 8,155,097          
Beginning balance, value at Mar. 31, 2024 $ 82 (5,257) 124,159 (11,797) 208,069 315,256
Beginning balance shares outstanding at Mar. 31, 2024 8,156,109          
Net income 2,999 2,999
Proceeds from exercise of stock options
Issuance of restricted stock, net of forfeitures 78 (78)
Issuance of restricted stock (in Shares) (1,012)          
Compensation expense related to restricted stock, net of tax 469 469
Compensation expense related to stock options, net of tax 93 93
Other comprehensive income (loss) (69) (69)
Ending balance, value at Jun. 30, 2024 $ 82 $ (4,710) $ 124,174 $ (11,866) $ 211,068 $ 318,748
Ending balance shares outstanding at Jun. 30, 2024 8,155,097