Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands |
Total |
Common Stock |
Additional Paid in Capital |
Retained Earnings |
Accumulated Other Comprehensive Income (Loss) |
Treasury Stock |
Less: ESOP-Owned Shares |
Initial Public Offering |
Initial Public Offering
Common Stock
|
Initial Public Offering
Additional Paid in Capital
|
Private Placement Offering |
Private Placement Offering
Common Stock
|
Private Placement Offering
Additional Paid in Capital
|
Series A Preferred Stock |
Series A Preferred Stock
Retained Earnings
|
Series A Preferred Stock
Preferred Stock
|
Series A Preferred Stock
Private Placement Offering
Preferred Stock
|
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Balance at Dec. 31, 2019 | $ 56,521 | $ 3,923 | $ 41,832 | $ 12,490 | $ (941) | $ (783) | |||||||||||
Net income | 12,115 | 12,115 | |||||||||||||||
Share-based compensation | 275 | 275 | |||||||||||||||
Stock options exercised | 385 | 32 | 353 | ||||||||||||||
Common stock issued for acquisition of Heritage Bancorp, Inc. | 50,861 | 2,363 | 48,498 | ||||||||||||||
Issuance of common stock to ESOP | (1) | 32 | 504 | (537) | |||||||||||||
Net change in fair value of ESOP shares | 18 | 18 | |||||||||||||||
Net redemption of treasury stock | (37) | (37) | |||||||||||||||
Other comprehensive income (loss), net of tax | 279 | $ 279 | |||||||||||||||
Balance at Dec. 31, 2020 | 120,416 | 6,350 | 91,462 | 24,605 | 279 | (978) | (1,302) | ||||||||||
Net income | 11,424 | 11,424 | |||||||||||||||
Share-based compensation | 659 | 659 | |||||||||||||||
Warrants exercised | 19 | 2 | 17 | ||||||||||||||
Stock options exercised | 995 | 83 | 912 | ||||||||||||||
Stock issued from initial public offering and private placement offering | $ 92,043 | $ 4,025 | $ 88,018 | $ 70,509 | $ 2,938 | $ 67,571 | |||||||||||
Issuance of common stock to ESOP | 34 | 613 | (647) | ||||||||||||||
Terminated ESOP put option | 2,266 | 2,266 | |||||||||||||||
Restricted stock grants | 50 | (50) | |||||||||||||||
Net change in fair value of ESOP shares | (317) | $ (317) | |||||||||||||||
Net redemption of treasury stock | (121) | (121) | |||||||||||||||
Other comprehensive income (loss), net of tax | 1,114 | 1,114 | |||||||||||||||
Balance at Dec. 31, 2021 | 299,007 | 13,482 | 249,202 | 36,029 | 1,393 | (1,099) | |||||||||||
Net income | 18,659 | 18,659 | |||||||||||||||
Share-based compensation | 1,275 | 1,275 | |||||||||||||||
Stock options exercised | 672 | 47 | 625 | ||||||||||||||
Stock issued from initial public offering and private placement offering | $ 66,225 | $ 66,156 | $ 69 | ||||||||||||||
Issuance of common stock to ESOP | 856 | 36 | 820 | ||||||||||||||
Restricted stock grants | 45 | (45) | |||||||||||||||
Other comprehensive income (loss), net of tax | (3,496) | (3,496) | |||||||||||||||
Preferred dividends declared - Series A $20.44 per share | $ (1,418) | $ (1,418) | |||||||||||||||
Balance at Dec. 31, 2022 | $ 381,780 | $ 13,610 | $ 318,033 | $ 53,270 | $ (2,103) | $ (1,099) | $ 69 |