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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Thousands
Adjustment
Retained Earnings
Adjustment
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Total
Beginning Balance (2016-13) at Dec. 31, 2022 $ (3,801) $ (3,801)          
Beginning Balance at Dec. 31, 2022     $ 252 $ 45,298 $ 285,832 $ 18,039 $ 349,421
Beginning Balance (in shares) at Dec. 31, 2022     25,169,709        
Shareholders' Equity              
Net income         40,266   40,266
Stock based compensation expense       1,596     1,596
Vesting of restricted stock     $ 1 (1)      
Vesting of restricted stock (in shares)     136,171        
Repurchase of common stock     $ (1) (1,313)     (1,314)
Repurchase of common stock (in shares)     (64,723)        
Other comprehensive income (loss)           12,244 12,244
Dividends declared on common stock         (13,708)   (13,708)
Ending Balance at Sep. 30, 2023     $ 252 45,580 308,589 30,283 384,704
Ending Balance (in shares) at Sep. 30, 2023     25,241,157        
Beginning Balance at Jun. 30, 2023     $ 253 45,516 301,752 25,642 373,163
Beginning Balance (in shares) at Jun. 30, 2023     25,279,846        
Shareholders' Equity              
Net income         11,428   11,428
Stock based compensation expense       825     825
Repurchase of common stock     $ (1) (761)     (762)
Repurchase of common stock (in shares)     (38,689)        
Other comprehensive income (loss)           4,641 4,641
Dividends declared on common stock         (4,591)   (4,591)
Ending Balance at Sep. 30, 2023     $ 252 45,580 308,589 30,283 384,704
Ending Balance (in shares) at Sep. 30, 2023     25,241,157        
Beginning Balance at Dec. 31, 2023     $ 252 45,699 315,356 20,210 381,517
Beginning Balance (in shares) at Dec. 31, 2023     25,205,506        
Shareholders' Equity              
Net income         48,269   48,269
Stock based compensation expense       1,793     1,793
Vesting of restricted stock     $ 1 (1)      
Vesting of restricted stock (in shares)     126,820        
Repurchase of common stock       (10)     (10)
Repurchase of common stock (in shares)     (410)        
Other comprehensive income (loss)           (9,102) (9,102)
Dividends declared on common stock         (15,282)   (15,282)
Ending Balance at Sep. 30, 2024     $ 253 47,481 348,343 11,108 407,185
Ending Balance (in shares) at Sep. 30, 2024     25,331,916        
Beginning Balance at Jun. 30, 2024     $ 253 46,644 336,749 23,582 407,228
Beginning Balance (in shares) at Jun. 30, 2024     25,331,916        
Shareholders' Equity              
Net income         16,701   16,701
Stock based compensation expense       837     837
Other comprehensive income (loss)           (12,474) (12,474)
Dividends declared on common stock         (5,107)   (5,107)
Ending Balance at Sep. 30, 2024     $ 253 $ 47,481 $ 348,343 $ 11,108 $ 407,185
Ending Balance (in shares) at Sep. 30, 2024     25,331,916