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Condensed Consolidated Statements of Stockholders' Equity (unaudited) - USD ($)
$ in Thousands
Total
Impact of adoption of Accounting Standards Update (“ASU”) 2016-13
Common Stock
Additional Paid-in Capital
Retained Earnings
Retained Earnings
Impact of adoption of Accounting Standards Update (“ASU”) 2016-13
Accumulated Other Comprehensive Income/(Loss), net of tax
Beginning balance (in shares) at Dec. 31, 2021     2,613,768        
Beginning balance at Dec. 31, 2021 $ 93,358   $ 26 $ 27,956 $ 65,237   $ 139
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 5,881       5,881    
Other comprehensive loss, net of tax (1,404)           (1,404)
Share-based compensation 384     384      
Restricted stock awards issued (in shares)     9,700        
Cash dividends paid on common stock (1,591)       (1,591)    
Common stock repurchased (in shares)     (46,799)        
Common stock repurchased (1,734)     (516) (1,218)    
Common stock surrendered (in shares)     (3,541)        
Common stock surrendered (133)     (133)      
Restricted shares forfeited (in shares)     (930)        
Common stock options exercised (in shares)     9,751        
Common stock options exercised 195     195      
Ending balance (in shares) at Sep. 30, 2022     2,581,949        
Ending balance at Sep. 30, 2022 94,956   $ 26 27,886 68,309 $ 0 (1,265)
Beginning balance (in shares) at Jun. 30, 2022     2,578,595        
Beginning balance at Jun. 30, 2022 93,057   $ 26 27,777 66,203   (949)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 2,546       2,546    
Other comprehensive loss, net of tax (316)           (316)
Share-based compensation 90     90      
Cash dividends paid on common stock (440)       (440)    
Common stock surrendered (in shares)     (2,431)        
Common stock surrendered (91)     (91)      
Restricted shares forfeited (in shares)     (95)        
Common stock options exercised (in shares)     5,880        
Common stock options exercised 110     110      
Ending balance (in shares) at Sep. 30, 2022     2,581,949        
Ending balance at Sep. 30, 2022 $ 94,956   $ 26 27,886 68,309 0 (1,265)
Beginning balance (in shares) at Dec. 31, 2022 2,583,619   2,583,619        
Beginning balance at Dec. 31, 2022 $ 97,705 $ (1,149) $ 26 28,004 70,792 (1,149) (1,117)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 6,228       6,228    
Other comprehensive loss, net of tax (220)           (220)
Share-based compensation 368     368      
Restricted stock awards issued (in shares)     8,850        
Cash dividends paid on common stock (1,425)       (1,425)    
Common stock repurchased (in shares)     (37,850)        
Common stock repurchased (1,399)   $ (1) (390) (1,008)    
Common stock surrendered (in shares)     (4,750)        
Common stock surrendered (190)     (190)      
Restricted shares forfeited (in shares)     (425)        
Common stock options exercised (in shares)     18,610        
Common stock options exercised $ 320     320      
Ending balance (in shares) at Sep. 30, 2023 2,568,054   2,568,054        
Ending balance at Sep. 30, 2023 $ 100,238   $ 25 28,112 73,438 (1,149) (1,337)
Beginning balance (in shares) at Jun. 30, 2023     2,573,223        
Beginning balance at Jun. 30, 2023 99,924   $ 25 28,070 72,923   (1,094)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 1,169       1,169    
Other comprehensive loss, net of tax (243)           (243)
Share-based compensation 88     88      
Cash dividends paid on common stock (489)       (489)    
Common stock repurchased (in shares)     (6,169)        
Common stock repurchased (228)     (63) (165)    
Common stock options exercised (in shares)     1,000        
Common stock options exercised $ 17     17      
Ending balance (in shares) at Sep. 30, 2023 2,568,054   2,568,054        
Ending balance at Sep. 30, 2023 $ 100,238   $ 25 $ 28,112 $ 73,438 $ (1,149) $ (1,337)