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Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Common Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock
Additional Paid in Capital.
Cumulative Effect, Period of Adoption, Adjusted Balance
Additional Paid in Capital.
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjusted Balance
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjusted Balance
Total
Beginning balance at Dec. 31, 2021   $ 17,213   $ 92,878     $ 253,567   $ (4,255)     $ 359,403
Net Income             29,096         29,096
Other comprehensive income (loss)                 (98,654)     (98,654)
Common stock repurchased   (24)   (673)               (697)
Common stock dividends             (9,531)         (9,531)
Stock issuance from the acquisition of Metro Phoenix Bank   2,681   61,149               63,830
Share-based compensation expense   10   1,382               1,392
Vesting of restricted stock   107   (107)                
Ending balance at Sep. 30, 2022   19,987   154,629     273,132   (102,909)     344,839
Beginning balance at Jun. 30, 2022   17,306   93,129     267,128   (70,405)     307,158
Net Income             9,619         9,619
Other comprehensive income (loss)                 (32,504)     (32,504)
Common stock dividends             (3,615)         (3,615)
Stock issuance from the acquisition of Metro Phoenix Bank   2,681   61,149               63,830
Share-based compensation expense       351               351
Ending balance at Sep. 30, 2022   19,987   154,629     273,132   (102,909)     344,839
Beginning balance at Dec. 31, 2022 $ 19,992 19,992 $ 155,095 155,095 $ (4,452) $ 275,974 280,426 $ (98,641) (98,641) $ (4,452) $ 352,420 356,872
Net Income             26,451         26,451
Other comprehensive income (loss)                 (14,842)     (14,842)
Common stock repurchased   (257)   (4,299)               (4,556)
Common stock dividends             (11,263)         (11,263)
Share-based compensation expense   18   1,174               1,192
Vesting of restricted stock   95   (95)                
Ending balance at Sep. 30, 2023   19,848   151,875     291,162   (113,483)     349,402
Beginning balance at Jun. 30, 2023   19,915   152,673     285,839   (100,742)     357,685
Net Income             9,161         9,161
Other comprehensive income (loss)                 (12,741)     (12,741)
Common stock repurchased   (70)   (1,172)               (1,242)
Common stock dividends             (3,838)         (3,838)
Share-based compensation expense       377               377
Vesting of restricted stock   3   (3)                
Ending balance at Sep. 30, 2023   $ 19,848   $ 151,875     $ 291,162   $ (113,483)     $ 349,402