v3.25.2
Condensed Consolidated Statements of Changes to Stockholder's Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock [Member]
Treasury Stock [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive (Loss) [Member]
Beginning balance at Dec. 31, 2023 $ 316,543 $ 135,515 $ (11,040) $ 221,080 $ (29,012)
Beginning balance, shares at Dec. 31, 2023   13,664,641      
Net income 5,359     5,359  
Other comprehensive income (loss) (1,577)       (1,577)
Purchase of treasury stock (94)   (94)    
Purchase of treasury stock, shares   (4,490)      
Issuance of restricted stock (Net of forfeitures)   $ (467) 283 184  
Issuance of restricted stock (Net of forfeitures), Shares   23,119      
Stock-based compensation expense 434 $ 434      
Cash dividends declared (2,975)     (2,975)  
Ending balance at Mar. 31, 2024 317,690 $ 135,482 (10,851) 223,648 (30,589)
Ending balance, shares at Mar. 31, 2024   13,683,270      
Beginning balance at Dec. 31, 2023 316,543 $ 135,515 (11,040) 221,080 (29,012)
Beginning balance, shares at Dec. 31, 2023   13,664,641      
Net income 11,041        
Ending balance at Jun. 30, 2024 322,664 $ 135,829 (11,006) 226,430 (28,589)
Ending balance, shares at Jun. 30, 2024   13,679,944      
Beginning balance at Mar. 31, 2024 317,690 $ 135,482 (10,851) 223,648 (30,589)
Beginning balance, shares at Mar. 31, 2024   13,683,270      
Net income 5,682     5,682  
Other comprehensive income (loss) 2,000       2,000
Purchase of treasury stock (239)   (239)    
Purchase of treasury stock, shares   (11,000)      
Issuance of restricted stock (Net of forfeitures)   $ 27 (26) (1)  
Issuance of restricted stock (Net of forfeitures), Shares   (1,200)      
Stock-based compensation expense 320 $ 320      
Director stock award 186   110 76  
Director stock awards, shares   8,874      
Cash dividends declared (2,975)     (2,975)  
Ending balance at Jun. 30, 2024 322,664 $ 135,829 (11,006) 226,430 (28,589)
Ending balance, shares at Jun. 30, 2024   13,679,944      
Beginning balance at Dec. 31, 2024 335,211 $ 135,565 (10,985) 235,854 (25,223)
Beginning balance, shares at Dec. 31, 2024   13,699,536      
Net income 6,952     6,952  
Other comprehensive income (loss) 5,106       5,106
Purchase of treasury stock (23)   (23)    
Purchase of treasury stock, shares   (981)      
Issuance of restricted stock (Net of forfeitures)   $ (510) 240 270  
Issuance of restricted stock (Net of forfeitures), Shares   19,781      
Stock-based compensation expense 352 $ 352      
Cash dividends declared (2,997)     (2,997)  
Ending balance at Mar. 31, 2025 344,601 $ 135,407 (10,768) 240,079 (20,117)
Ending balance, shares at Mar. 31, 2025   13,718,336      
Beginning balance at Dec. 31, 2024 335,211 $ 135,565 (10,985) 235,854 (25,223)
Beginning balance, shares at Dec. 31, 2024   13,699,536      
Net income 14,662        
Ending balance at Jun. 30, 2025 350,792 $ 135,805 (10,674) 244,870 (19,209)
Ending balance, shares at Jun. 30, 2025   13,725,998      
Beginning balance at Mar. 31, 2025 344,601 $ 135,407 (10,768) 240,079 (20,117)
Beginning balance, shares at Mar. 31, 2025   13,718,336      
Net income 7,710     7,710  
Other comprehensive income (loss) 908       908
Issuance of restricted stock (Net of forfeitures)   $ 6 (6)    
Issuance of restricted stock (Net of forfeitures), Shares   (250)      
Stock-based compensation expense 392 $ 392      
Director stock award 181   100 81  
Director stock awards, shares   7,912      
Cash dividends declared (3,000)     (3,000)  
Ending balance at Jun. 30, 2025 $ 350,792 $ 135,805 $ (10,674) $ 244,870 $ (19,209)
Ending balance, shares at Jun. 30, 2025   13,725,998