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CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Transition adjustment related to adoption of ASC326, net of tax
Common Stock
Accumulated Deficit
Accumulated Deficit
Transition adjustment related to adoption of ASC326, net of tax
Accumulated Other Comprehensive Loss
Balance (in shares) at Dec. 31, 2021     3,956,492      
Balance at Dec. 31, 2021 $ 67,344   $ 106,479 $ (37,498)   $ (1,637)
Comprehensive loss:            
Net (loss) income 2,065     2,065    
Unrealized holding gain (loss) on available-for-sale securities, net of tax (9,648)         (9,648)
Comprehensive loss (7,583)     2,065   (9,648)
Share-based compensation expense 41   $ 41      
Vesting of restricted stock (in shares)     777      
Balance (in shares) at Jun. 30, 2022     3,957,269      
Balance at Jun. 30, 2022 59,802   $ 106,520 (35,433)   (11,285)
Balance (in shares) at Mar. 31, 2022     3,956,492      
Balance at Mar. 31, 2022 62,683   $ 106,500 (36,698)   (7,119)
Comprehensive loss:            
Net (loss) income 1,265     1,265    
Unrealized holding gain (loss) on available-for-sale securities, net of tax (4,166)         (4,166)
Comprehensive loss (2,901)     1,265   (4,166)
Share-based compensation expense 20   $ 20      
Vesting of restricted stock (in shares)     777      
Balance (in shares) at Jun. 30, 2022     3,957,269      
Balance at Jun. 30, 2022 $ 59,802   $ 106,520 (35,433)   (11,285)
Balance (in shares) at Dec. 31, 2022 3,965,186   3,965,186      
Balance at Dec. 31, 2022 $ 59,583 $ (6,191) $ 106,565 (31,337) $ (6,191) (15,645)
Comprehensive loss:            
Net (loss) income (599)     (599)    
Unrealized holding gain (loss) on available-for-sale securities, net of tax (394)         (394)
Comprehensive loss (993)     (599)   (394)
Share-based compensation expense $ 46   $ 46      
Balance (in shares) at Jun. 30, 2023 3,965,186   3,965,186      
Balance at Jun. 30, 2023 $ 52,445   $ 106,611 (38,127)   (16,039)
Balance (in shares) at Mar. 31, 2023     3,965,186      
Balance at Mar. 31, 2023 54,609   $ 106,588 (37,581)   (14,398)
Comprehensive loss:            
Net (loss) income (546)     (546)    
Unrealized holding gain (loss) on available-for-sale securities, net of tax (1,641)         (1,641)
Comprehensive loss (2,187)     (546)   (1,641)
Share-based compensation expense $ 23   $ 23      
Balance (in shares) at Jun. 30, 2023 3,965,186   3,965,186      
Balance at Jun. 30, 2023 $ 52,445   $ 106,611 $ (38,127)   $ (16,039)