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CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Shares [Member]
Preferred Stock [Member]
Additional Paid-in Capital [Member]
Accumulated (Deficit) Earnings [Member]
Common stock, shares outstanding 13,109,926 13,109,926      
Balance, in shares at Dec. 31, 2021     0    
Balance at Dec. 31, 2021 $ 154,225 $ 131 $ 0 $ 238,865 $ (84,771)
Share based compensation 76     76  
Dividends declared [1] (3,933)       (3,933)
NET INCOME (LOSS) (17,467)       (17,467)
Balance, in shares at Mar. 31, 2022     0    
Balance at Mar. 31, 2022 132,901 131 $ 0 238,941 (106,171)
Balance, in shares at Dec. 31, 2021     0    
Balance at Dec. 31, 2021 $ 154,225 131 $ 0 238,865 (84,771)
Shares Issued, Shares 148,349        
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation 0        
NET INCOME (LOSS) $ (41,878)        
Balance, in shares at Sep. 30, 2022     0    
Balance at Sep. 30, 2022 $ 103,005 $ 132 $ 0 240,026 (137,153)
Common Stock, Dividends, Per Share, Declared $ 0.80        
Repurchase of common shares, shares (40,021)        
Repurchase of common shares, Value $ (300)        
Stock Issued During Period, Shares, Restricted Stock Award, Gross 27,044        
Common stock, shares outstanding   13,109,926      
Balance, in shares at Mar. 31, 2022     0    
Balance at Mar. 31, 2022 $ 132,901 $ 131 $ 0 238,941 (106,171)
Share based compensation 75     75  
Dividends declared [1] (3,406)       (3,406)
NET INCOME (LOSS) (10,740)       (10,740)
Balance, in shares at Jun. 30, 2022     0    
Balance at Jun. 30, 2022 118,630 $ 131 $ 0 238,816 (120,317)
Repurchase of common shares, shares   (30,532)      
Repurchase of common shares, Value $ (200) $ 0   (200)  
Common stock, shares outstanding 13,079,394 13,079,394      
Shares Issued, Shares 148,349 148,349      
Stock Issued During Period, Value, New Issues $ 1,195 $ 1   1,194  
Share based compensation $ 78     78  
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation 0        
Dividends declared $ (3,165)       (3,165)
NET INCOME (LOSS) (13,671)       (13,671)
Balance, in shares at Sep. 30, 2022     0    
Balance at Sep. 30, 2022 $ 103,005 $ 132 $ 0 240,026 (137,153)
Common Stock, Dividends, Per Share, Declared $ 0.24        
Repurchase of common shares, shares (9,489) (9,489)      
Repurchase of common shares, Value $ (62) $ 0   (62)  
Stock Issued During Period, Shares, Restricted Stock Award, Gross 27,044 27,044      
Stock Issued During Period, Value, Restricted Stock Award, Gross $ 0 $ 0   0  
Common stock, shares outstanding 13,245,298 13,245,298      
Common stock, shares outstanding 13,377,840 13,377,840      
Balance, in shares at Dec. 31, 2022 0   0    
Balance at Dec. 31, 2022 $ 112,409 [2] $ 134 $ 0 240,940 (128,665)
Shares Issued, Shares [3]   455,671      
Stock Issued During Period, Value, New Issues [3] 3,491 $ 4   3,487  
Share based compensation 45     45  
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation 0 $ 0   0  
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation   (3,108)      
Dividends declared [1] (3,305)       (3,305)
NET INCOME (LOSS) 2,337       2,337
Balance, in shares at Mar. 31, 2023     0    
Balance at Mar. 31, 2023 $ 114,977 $ 138 $ 0 244,472 (129,633)
Balance, in shares at Dec. 31, 2022 0   0    
Balance at Dec. 31, 2022 $ 112,409 [2] 134 $ 0 240,940 (128,665)
Shares Issued, Shares 2,462,489        
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation 3,108        
NET INCOME (LOSS) $ (7,880)        
Balance, in shares at Sep. 30, 2023 0   0    
Balance at Sep. 30, 2023 $ 111,458 $ 159 $ 0 258,258 (146,959)
Common Stock, Dividends, Per Share, Declared $ 0.72        
Repurchase of common shares, shares 0        
Stock Issued During Period, Shares, Restricted Stock Award, Gross 32,920        
Common stock, shares outstanding   13,830,403      
Balance, in shares at Mar. 31, 2023     0    
Balance at Mar. 31, 2023 $ 114,977 $ 138 $ 0 244,472 (129,633)
Shares Issued, Shares [3]   547,790      
Stock Issued During Period, Value, New Issues [3] 3,808 $ 6   3,802  
Share based compensation 81     81  
Dividends declared [1] (3,372)       (3,372)
NET INCOME (LOSS) 1,203       1,203
Balance, in shares at Jun. 30, 2023     0    
Balance at Jun. 30, 2023 $ 116,697 $ 144 $ 0 248,355 (131,802)
Common stock, shares outstanding 14,378,193 14,378,193      
Shares Issued, Shares 1,459,028 1,459,028 [3]      
Stock Issued During Period, Value, New Issues [3] $ 9,837 $ 15   9,822  
Share based compensation $ 81     81  
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation 0        
Dividends declared [1] $ (3,737)       (3,737)
NET INCOME (LOSS) $ (11,420)       (11,420)
Balance, in shares at Sep. 30, 2023 0   0    
Balance at Sep. 30, 2023 $ 111,458 $ 159 $ 0 258,258 $ (146,959)
Common Stock, Dividends, Per Share, Declared $ 0.24        
Repurchase of common shares, shares 0        
Stock Issued During Period, Shares, Restricted Stock Award, Gross 32,920 32,920      
Stock Issued During Period, Value, Restricted Stock Award, Gross $ 0 $ 0   $ 0  
Common stock, shares outstanding 15,870,141 15,870,141      
[1] For each of the three-month period ended September 30, 2023 and 2022, dividends totaling $0.24, respectively, per common share outstanding, were declared. For the nine-month periods ended September 30, 2023 and 2022, dividends totaling $0.72 and $0.80, respectively, per common share outstanding, were declared.
[2] Conformed to current period presentation.
[3] Net of discounts and commissions and offering costs.