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Consolidated Statements of Changes In Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
[1]
Common Stock
Additional Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
[1]
Accumulated Other Comprehensive (Loss) Income
Treasury Stock
Balance (in shares) at Dec. 31, 2021     16,056,282          
Balance at Dec. 31, 2021 $ 490,076   $ 16,056 $ 384,742 $ 91,043   $ 158 $ (1,923)
Net income 11,354       11,354      
Total other comprehensive income, net of taxes (5,104)           (5,104)  
Common stock cash dividends declared - $0.20 per share (3,191)       (3,191)      
Riverview restricted stock adjustment 776     776        
Employee Stock Purchase Plan (in shares)     1,710          
Employee Stock Purchase Plan 46   $ 2 44        
Director Stock Purchase Plan (in shares)     1,377          
Director Stock Purchase Plan 36   $ 1 35        
Restricted stock activity 168     168        
Balance (in shares) at Mar. 31, 2022     16,059,369          
Balance at Mar. 31, 2022 494,161   $ 16,059 385,765 99,206   (4,946) (1,923)
Balance (in shares) at Dec. 31, 2022     16,094,486          
Balance at Dec. 31, 2022 512,099 $ (11,548) $ 16,094 386,987 133,114 $ (11,548) (19,216) (4,880)
Net income 11,227       11,227      
Total other comprehensive income, net of taxes 1,842           1,842  
Common stock cash dividends declared - $0.20 per share (3,176)       (3,176)      
Employee Stock Purchase Plan (in shares)     2,217          
Employee Stock Purchase Plan 57   $ 2 55        
Director Stock Purchase Plan (in shares)     1,651          
Director Stock Purchase Plan 43   $ 2 41        
Restricted stock activity 249     249        
Balance (in shares) at Mar. 31, 2023     16,098,354          
Balance at Mar. 31, 2023 $ 510,793   $ 16,098 $ 387,332 $ 129,617   $ (17,374) $ (4,880)
[1] The Corporation adopted ASU 2016-13 "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" effective January 1, 2023. See "Note 1 - Summary of Significant Accounting Policies" for further details.