Share Repurchase Program

9 Months Ended

Sep. 30, 2023

Share Repurchase Program

Share Repurchase Program

Note I – Share Repurchase Program

On August 21, 2023, the Company announced that the Board of Directors of the Company had approved a new share repurchase program authorizing the Company to repurchase up to 200,000 shares of the Company’s common stock through August 20, 2028. The Company’s share repurchase program does not obligate it to acquire the Company’s common stock at any specific cost per share. Under this program, shares may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

Below is a summary of the Company’s shares repurchased during the third quarter of 2023 under the prior share repurchase program.

Period	Total Number of Shares Purchased		Average Price Paid Per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs		Maximum Number of Shares that may yet be Purchased Under the Plans or Programs
Balance as of July 1, 2023		139,716	$	24.61		139,716		60,284
July 2, 2023 – September 30, 2023		-		-		-		(60,284	)
Balance as of September 30, 2023		139,716	$	24.61		139,716		-

Below is a summary of the Company’s shares repurchased during the third quarter of 2023 under the new share repurchase program.

Period	Total Number of Shares Purchased		Average Price Paid Per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs		Maximum Number of Shares that may yet be Purchased Under the Plans or Programs
Balance as of July 1, 2023		-	$	-		-		-
July 2, 2023 – September 30, 2023		13,238		18.55		13,238		186,762
Balance as of September 30, 2023		13,238	$	18.55		13,238		186,762