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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
[1]
Common Stock
Surplus
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
[1]
Accumulated Other Comprehensive Income (Loss)
Beginning of Period at Dec. 31, 2017 $ 172,729 $ (5) $ 9,515 $ 131,582 $ 33,203 $ (5) $ (1,571)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Surrendered shares (219)   (9) (210)      
Shares repurchased (3,368)   (132) (3,236)      
Options and warrants exercised 1,036   76 960      
Dividends declared (1,640)       (1,640)    
Stock-based compensation 1,071   34 1,037      
Reclassification of tax effects of the Tax Cuts and Jobs Act [2] 557       557    
Net income 13,606       13,606    
Other comprehensive income (loss), net (1,505)           (1,505)
End of Period at Dec. 31, 2018 182,262   9,484 130,133 45,721   (3,076)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Common stock issued in offering, net of direct costs of $1,475 28,525   1,290 27,235      
Common stock issued in acquisition, net of issuance costs 18,637   764 17,873      
Stock issuance costs (1,475)            
Surrendered shares (283)   (11) (272)      
Shares repurchased (8,326)   (360) (7,966)      
Options and warrants exercised 287   21 266      
Dividends declared (2,362)       (2,362)    
Stock-based compensation 1,430   41 1,389      
Net income 16,839       16,839    
Other comprehensive income (loss), net 4,967           4,967
End of Period at Dec. 31, 2019 241,976   11,229 168,658 60,198   1,891
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock issuance costs (57)     (57)      
Surrendered shares (314)   (15) (299)      
Shares repurchased (11,112)   (662) (10,450)      
Options and warrants exercised 46   3 43      
Dividends declared (2,702)       (2,702)    
Stock-based compensation 1,644   54 1,590      
Net income 13,889       13,889    
Other comprehensive income (loss), net (86)           (86)
End of Period at Dec. 31, 2020 $ 243,284   $ 10,609 $ 159,485 $ 71,385   $ 1,805
[1] Represents the impact of adopting ASU No. 2016-01.
[2] The $0.6 million adjustment to retained earnings for the period ended December 31, 2018 represents a reclassification of the tax effects of the Tax Cuts and Jobs Act (“TCJA”), enacted on December 22, 2017, which 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.