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Condensed Consolidated Statements of Changes in Shareholders’ Equity (Unaudited) - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Additional Paid-In Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Loss
Treasury Stock
Beginning balance at Dec. 31, 2022 $ 228,896 $ (1,984) $ 584 $ 189,264 $ 92,473 $ (1,984) $ (39,913) $ (13,512)
Increase (Decrease) in Shareholders' Equity                
Net income (loss) 28,020       28,020      
Total other comprehensive income (loss), net of taxes (4,430)           (4,430)  
Cash dividends (6,365)       (6,365)      
Share-based compensation plans:                
Net common shares acquired and net treasury shares acquired, including compensation expense (1,057)   (1) (806)       (250)
Ending balance at Sep. 30, 2023 243,080   583 188,458 112,144   (44,343) (13,762)
Beginning balance at Jun. 30, 2023 245,641   583 187,859 105,239   (34,196) (13,844)
Increase (Decrease) in Shareholders' Equity                
Net income (loss) 9,026       9,026      
Total other comprehensive income (loss), net of taxes (10,147)           (10,147)  
Cash dividends (2,121)       (2,121)      
Share-based compensation plans:                
Net common shares acquired and net treasury shares acquired, including compensation expense 681   0 599       82
Ending balance at Sep. 30, 2023 243,080   583 188,458 112,144   (44,343) (13,762)
Beginning balance at Dec. 31, 2023 265,056   583 189,027 117,667   (28,476) (13,745)
Increase (Decrease) in Shareholders' Equity                
Net income (loss) 8,366       8,366      
Total other comprehensive income (loss), net of taxes 12,588           12,588  
Cash dividends (8,722)       (8,722)      
Issuance of common stock (8,532,038 common shares) to acquire Codorus Valley Bancorp, Inc. 233,427   444 232,983        
Share-based compensation plans:                
Net common shares acquired and net treasury shares acquired, including compensation expense 5,491     167       5,324
Ending balance at Sep. 30, 2024 516,206   1,027 422,177 117,311   (15,888) (8,421)
Beginning balance at Jun. 30, 2024 278,376   583 187,694 129,670   (28,404) (11,167)
Increase (Decrease) in Shareholders' Equity                
Net income (loss) (7,903)       (7,903)      
Total other comprehensive income (loss), net of taxes 12,516           12,516  
Cash dividends (4,456)       (4,456)      
Issuance of common stock (8,532,038 common shares) to acquire Codorus Valley Bancorp, Inc. 233,457   444 233,013        
Share-based compensation plans:                
Net common shares acquired and net treasury shares acquired, including compensation expense 4,216   0 1,470       2,746
Ending balance at Sep. 30, 2024 $ 516,206   $ 1,027 $ 422,177 $ 117,311   $ (15,888) $ (8,421)