STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Summary of Shares Issued and Held in Treasury or Outstanding

The following table presents shares that were issued, held in treasury or were outstanding at March 31, 2023, and December 31, 2022.

	March 31, 2023			December 31, 2022
Class A common stock – issued		20,398,105			20,277,910
Class A common stock – held in treasury		(4,667,848	)		(4,347,798	)
Class A common stock – outstanding		15,730,257			15,930,112
Class B common stock – issued		234,903			234,903
Class B common stock – held in treasury		(234,903	)		(234,903	)
Class B common stock – outstanding		—			—

Summary of Offering Periods and Costs

In 2019, the Company’s Board of Directors adopted the Equity Bancshares, Inc. 2019 Employee Stock Purchase Plan (“ESPP”). The ESPP enables eligible employees to purchase the Company’s common stock at a price per share equal to 85% of the lower of the fair market value of the common stock at the beginning or end of each offering period. ESPP compensation expense of $39 and $36 was recorded for the three months ended March 31, 2023 and March 31, 2022. The following table presents the offering periods and costs associated with this program during the reporting period.

Offering Period	Shares Purchased		Cost Per Share		Compensation Expense
August 15, 2021 to February 14, 2022		14,274	$	27.37	$	69
February 15, 2022 to August 14, 2022		14,555		27.61		84
August 15, 2022 to February 14, 2023		17,058		26.18		81

Components of Accumulated Other Comprehensive Income

Components of accumulated other comprehensive income as of March 31, 2023, and December 31, 2022, are listed below.

	Available-for- Sale Securities			Cash Flow Hedges			Accumulated Other Comprehensive Income (Loss)
March 31, 2023
Net unrealized or unamortized gains (losses)	$	(132,011	)	$	(2,064	)	$	(134,075	)
Tax effect		32,335			502			32,837
	$	(99,676	)	$	(1,562	)	$	(101,238	)
December 31, 2022
Net unrealized or unamortized gains (losses)	$	(148,029	)	$	(2,863	)	$	(150,892	)
Tax effect		36,673			708		$	37,381
	$	(111,356	)	$	(2,155	)	$	(113,511	)