v3.25.2
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Common Stock Including Additional Paid in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Balance (in shares) at Dec. 31, 2023 5,871,523      
Balance at Dec. 31, 2023 $ 28,033 $ 151,748 $ (32,464) $ 147,317
Net income   13,040   13,040
Other comprehensive loss     7,355 7,355
Cash dividends on common stock   (3,180)   (3,180)
Exercise of stock options (in shares) 24,377      
Exercise of stock options $ 367 0 0 367
Stock-based compensation expense $ 256     256
Balance (in shares) at Jun. 30, 2024 5,895,900      
Balance at Jun. 30, 2024 $ 28,656 161,608 (25,109) 165,155
Balance (in shares) at Dec. 31, 2023 5,871,523      
Balance at Dec. 31, 2023 $ 28,033 151,748 (32,464) 147,317
Balance (in shares) at Dec. 31, 2024 5,903,368      
Balance at Dec. 31, 2024 $ 29,043 174,002 (25,145) 177,900
Balance (in shares) at Mar. 31, 2024 5,895,595      
Balance at Mar. 31, 2024 $ 28,492 156,414 (23,415) 161,491
Net income   6,786   6,786
Other comprehensive loss     (1,694) (1,694)
Cash dividends on common stock   (1,592)   (1,592)
Exercise of stock options (in shares) 305      
Exercise of stock options $ 8 0 0 8
Stock-based compensation expense $ 156     156
Balance (in shares) at Jun. 30, 2024 5,895,900      
Balance at Jun. 30, 2024 $ 28,656 161,608 (25,109) 165,155
Balance (in shares) at Dec. 31, 2024 5,903,368      
Balance at Dec. 31, 2024 $ 29,043 174,002 (25,145) 177,900
Net income   13,501   13,501
Other comprehensive loss     4,467 4,467
Cash dividends on common stock   (3,549)   (3,549)
Exercise of stock options (in shares) 27,305      
Exercise of stock options $ 583 0 0 583
Stock-based compensation expense $ 177     177
Vesting of restricted stock units (in shares) 3,033      
Balance (in shares) at Jun. 30, 2025 5,933,706      
Balance at Jun. 30, 2025 $ 29,803 183,954 (20,678) 193,079
Balance (in shares) at Mar. 31, 2025 5,922,116      
Balance at Mar. 31, 2025 $ 29,454 179,411 (21,262) 187,603
Net income   6,321   6,321
Other comprehensive loss     584 584
Cash dividends on common stock   (1,778)   (1,778)
Exercise of stock options (in shares) 11,590      
Exercise of stock options $ 254 0 0 254
Stock-based compensation expense $ 95     95
Balance (in shares) at Jun. 30, 2025 5,933,706      
Balance at Jun. 30, 2025 $ 29,803 $ 183,954 $ (20,678) $ 193,079