v3.25.2
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Retained Earnings
Accumulated Other Comprehensive Loss
Beginning balance, preferred stock (in shares) at Dec. 31, 2023   69,141      
Beginning balance, common stock (in shares) at Dec. 31, 2023     14,260,440    
Beginning balance at Dec. 31, 2023 $ 348,872 $ 69,141 $ 142,563 $ 146,092 $ (8,924)
Comprehensive income (loss)          
Net income 4,685     4,685  
Other comprehensive (loss) income, net of tax (1,155)       (1,155)
Share-based compensation expense 136   $ 136    
Stock options exercised (in shares)     3,351    
Stock options exercised 35   $ 35    
Cash dividends declared on common stock (2,568)     (2,568)  
Ending balance, preferred stock (in shares) at Mar. 31, 2024   69,141      
Ending balance, common stock (in shares) at Mar. 31, 2024     14,263,791    
Ending balance at Mar. 31, 2024 350,005 $ 69,141 $ 142,734 148,209 (10,079)
Beginning balance, preferred stock (in shares) at Dec. 31, 2023   69,141      
Beginning balance, common stock (in shares) at Dec. 31, 2023     14,260,440    
Beginning balance at Dec. 31, 2023 $ 348,872 $ 69,141 $ 142,563 146,092 (8,924)
Comprehensive income (loss)          
Repurchase of common stock (in shares) (14,947)        
Ending balance, preferred stock (in shares) at Dec. 31, 2024 69,141 69,141      
Ending balance, common stock (in shares) at Dec. 31, 2024 14,380,651   14,380,651    
Ending balance at Dec. 31, 2024 $ 363,814 $ 69,141 $ 143,195 160,797 (9,319)
Comprehensive income (loss)          
Net income 7,735     7,735  
Other comprehensive (loss) income, net of tax $ 2,275       2,275
Repurchase of common stock (in shares) (50,676)   (50,676)    
Repurchase of common stock $ (953)   $ (953)    
Share-based compensation expense $ 230   $ 230    
Stock options exercised (in shares) 57,201   57,201    
Stock options exercised $ 684   $ 684    
Preferred stock dividends (40)     (40)  
Cash dividends declared on common stock $ (2,881)     (2,881)  
Ending balance, preferred stock (in shares) at Mar. 31, 2025 69,141 69,141      
Ending balance, common stock (in shares) at Mar. 31, 2025 14,387,176   14,387,176    
Ending balance at Mar. 31, 2025 $ 370,864 $ 69,141 $ 143,156 $ 165,611 $ (7,044)