XML 16 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Equity (unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Additional Paid-In Capital
  Retained Earnings
Accumulated Other Comprehensive Income
Treasury Stock
Total Shareholders' Equity
Non-Controlling Interest
Balance at Dec. 31, 2018 $ 154,996 $ 1,224 $ 1,095 $ 112,807 $ 42,079 $ (633) $ (3,015) $ 153,557 $ 1,439
Balance (in shares) at Dec. 31, 2018     10,953,081            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 14,784       14,529     14,529 255
Common stock options exercised (shares)     11,869            
Common stock options exercised 48   $ 1 47       48 0
Preferred stock shares conversion (in shares)     84,280            
Preferred stock shares conversion 0 (674) $ 9 665          
Other comprehensive income 579         579   579  
Stock compensation expense 94     94       94  
Dividend on preferred stock (9)       (9)     (9)  
Dividend on common stock (3,237)       (3,237)     (3,237)  
Balance at Jun. 30, 2019 167,255 550 $ 1,105 113,613 53,362 (54) (3,015) 165,561 1,694
Balance (in shares) at Jun. 30, 2019     11,049,230            
Balance at Mar. 31, 2019 161,115 560 $ 1,104 113,561 47,624 (272) (3,015) 159,562 1,553
Balance (in shares) at Mar. 31, 2019     11,044,485            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 7,609       7,468     7,468 141
Common stock options exercised (shares)     3,495            
Common stock options exercised 0                
Preferred stock shares conversion (in shares)     1,250            
Preferred stock shares conversion 1 (10) $ 1 10       1  
Other comprehensive income 218         218   218  
Stock compensation expense 42     42       42  
Dividend on preferred stock (8)       (8)     (8)  
Dividend on common stock (1,722)       (1,722)     (1,722)  
Balance at Jun. 30, 2019 167,255 550 $ 1,105 113,613 53,362 (54) (3,015) 165,561 1,694
Balance (in shares) at Jun. 30, 2019     11,049,230            
Balance at Dec. 31, 2019 179,424 500 $ 1,213 134,706 44,143 58 (3,015) 177,605 1,819
Balance (in shares) at Dec. 31, 2019     12,132,855            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 14,012       13,753     13,753 259
Earnings distribution to non-controlling interest (594)               (594)
Common stock options exercised (shares)     845            
Common stock options exercised 0                
Other comprehensive income 584         584   584  
Stock compensation expense 125     125       125  
Stock dividend (in shares) [1]     (60)            
Stock dividend [1] (3)     (1) (2)     (3)  
Dividend on preferred stock (15)       (15)     (15)  
Dividend on common stock (3,792)       (3,792)     (3,792)  
Balance at Jun. 30, 2020 189,741 500 $ 1,213 134,830 54,087 642 (3,015) 188,257 1,484
Balance (in shares) at Jun. 30, 2020     12,133,640            
Balance at Mar. 31, 2020 184,870 500 $ 1,213 134,769 49,449 573 (3,015) 183,489 1,381
Balance (in shares) at Mar. 31, 2020     12,133,640            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 6,644       6,541     6,541 103
Other comprehensive income 69         69   69  
Stock compensation expense 61     61       61  
Dividend on preferred stock (7)       (7)     (7)  
Dividend on common stock (1,896)       (1,896)     (1,896)  
Balance at Jun. 30, 2020 $ 189,741 $ 500 $ 1,213 $ 134,830 $ 54,087 $ 642 $ (3,015) $ 188,257 $ 1,484
Balance (in shares) at Jun. 30, 2020     12,133,640            
[1] The Company retroactively adjusted the stock dividend declared in January 2020 into the December 2019 financial statements according to Generally Accepted Accounting Principals (GAAP). The actual
shares of the stock dividend issued subsequently were less than the shares assumed for December 31, 2019 due to the cash distribution for fraction shares to the common shareholders.
See accompanying notes to consolidated financial statements