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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2017
Stock issuance cost $ 1,475 $ 1,991
Cash dividends declared per common share (in dollars per share) $ 0.23 $ 0.10
Reclassification of tax effects remaining in AOCI after the revaluation of deferred tax assets and liabilities [1]   $ (222)
Retained Earnings    
Reclassification of tax effects remaining in AOCI after the revaluation of deferred tax assets and liabilities [1]   $ 278
[1] The Tax Cuts and Jobs Act (“TCJA”), enacted on December 22, 2017, required the revaluation of the Company’s deferred tax assets and liabilities as of December 31, 2017 as a result of the lower corporate tax rates to be realized beginning January 1, 2018. The $0.3 million adjustment to retained earnings represents the reclassification of the tax effects, or “stranded OCI” remaining in accumulated other comprehensive income after the revaluation of the Company’s deferred tax assets and liabilities.