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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Impact of CECL Adoption
Preferred Stock
Additional Paid-In Capital
Retained Earnings
Retained Earnings
Impact of CECL Adoption
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Restricted Stock
Restricted Stock
Treasury Stock
Performance Based Restricted Stock Awards
Performance Based Restricted Stock Awards
Treasury Stock
Beginning balance at Dec. 31, 2019 $ 304,966 $ (3,391) $ 0 $ 99,335 $ 201,503 $ (3,391) $ (2,811) $ 6,939        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 32,743       32,743              
Other comprehensive income (loss) 8,135             8,135        
Restricted stock award grants 0     (934)     934          
Performance based restricted stock award grants 0     (217)     217          
Stock-based compensation expense 1,410     1,410                
Issuance of common stock, net of issuance costs 3,257     3,257                
Purchase of treasury stock (981)           (981)          
Purchase of treasury stock for the purpose of tax withholding                 $ (213) $ (213) $ (113) $ (113)
Issuance of preferred equity, net of issuance costs 57,785   57,785                  
Acquisition of Bank of Akron 24,667     24,667                
Preferred cash dividend declared (1,147)       (1,147)              
Common cash dividends declared (10,981)       (10,981)              
Ending balance at Dec. 31, 2020 416,137   57,785 127,518 218,727   (2,967) 15,074        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 57,707       57,707              
Other comprehensive income (loss) (15,468)             (15,468)        
Forfeiture of restricted stock award grants 0     64     (64)          
Restricted stock award grants 0     (1,374)     1,374          
Performance based restricted stock award grants 0     (262)     262          
Stock-based compensation expense 1,411     1,411                
Contribution of stock from treasury stock 0     (81)     81          
Stock-based contribution expense 75     75                
Purchase of treasury stock (1,000)           (1,000)          
Purchase of treasury stock for the purpose of tax withholding                 (143) (143) (20) (20)
Preferred cash dividend declared (4,302)       (4,302)              
Common cash dividends declared (11,550)       (11,550)              
Ending balance at Dec. 31, 2021 442,847   57,785 127,351 260,582   (2,477) (394)        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 63,188       63,188              
Other comprehensive income (loss) (52,126)             (52,126)        
Forfeiture of restricted stock award grants 0     36     (36)          
Restricted stock award grants 0     (1,000)     1,000          
Performance based restricted stock award grants 0     (173)     173          
Stock-based compensation expense 1,248     1,248                
Contribution of stock from treasury stock 0     (44)     44          
Stock-based contribution expense 84     84                
Issuance of common stock, net of issuance costs 94,051     94,051                
Purchase of treasury stock (1,342)           (1,342)          
Purchase of treasury stock for the purpose of tax withholding                 $ (203) $ (203) $ (126) $ (126)
Preferred cash dividend declared (4,302)       (4,302)              
Common cash dividends declared (12,557)       (12,557)              
Ending balance at Dec. 31, 2022 $ 530,762   $ 57,785 $ 221,553 $ 306,911   $ (2,967) $ (52,520)