v3.25.2
Consolidated Statements of Shareholders' Equity - (unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Beginning balance (in shares) at Dec. 31, 2023   7,882,616    
Beginning balance at Dec. 31, 2023 $ 265,752 $ 118,247 $ 149,169 $ (1,664)
Increase (Decrease) in Stockholders' Equity        
Net income 4,881   4,881  
Other comprehensive income (loss), net of tax (292)     (292)
Cash dividends declared (3,155)   (3,155)  
Stock-based compensation expense 1,696 $ 1,696    
Forfeitures of restricted stock (in shares)   (2,700)    
Issuance of restricted stock (in shares)   62,903    
Stock options exercised 0      
Repurchase of common stock (in shares)   (76,320)    
Repurchase of common stock (1,906) $ (1,906)    
Ending balance (in shares) at Jun. 30, 2024   7,866,499    
Ending balance at Jun. 30, 2024 266,976 $ 118,037 150,895 (1,956)
Beginning balance (in shares) at Dec. 31, 2023   7,882,616    
Beginning balance at Dec. 31, 2023 $ 265,752 $ 118,247 149,169 (1,664)
Ending balance (in shares) at Dec. 31, 2024 7,859,873 7,859,873    
Ending balance at Dec. 31, 2024 $ 270,520 $ 119,108 152,656 (1,244)
Beginning balance (in shares) at Mar. 31, 2024   7,908,180    
Beginning balance at Mar. 31, 2024 268,032 $ 118,401 151,350 (1,719)
Increase (Decrease) in Stockholders' Equity        
Net income 1,118   1,118  
Other comprehensive income (loss), net of tax (237)     (237)
Cash dividends declared (1,573)   (1,573)  
Stock-based compensation expense 622 $ 622    
Forfeitures of restricted stock (in shares)   (2,600)    
Issuance of restricted stock (in shares)   1,059    
Stock options exercised 0      
Repurchase of common stock (in shares)   (40,140)    
Repurchase of common stock (986) $ (986)    
Ending balance (in shares) at Jun. 30, 2024   7,866,499    
Ending balance at Jun. 30, 2024 $ 266,976 $ 118,037 150,895 (1,956)
Beginning balance (in shares) at Dec. 31, 2024 7,859,873 7,859,873    
Beginning balance at Dec. 31, 2024 $ 270,520 $ 119,108 152,656 (1,244)
Increase (Decrease) in Stockholders' Equity        
Net income 15,976   15,976  
Other comprehensive income (loss), net of tax 341     341
Cash dividends declared (3,137)   (3,137)  
Stock-based compensation expense 924 $ 924    
Forfeitures of restricted stock (in shares)   (14,710)    
Issuance of restricted stock (in shares)   72,774    
Stock options exercised 0      
Repurchase of common stock (in shares)   (44,550)    
Repurchase of common stock $ (1,334) $ (1,334)    
Ending balance (in shares) at Jun. 30, 2025 7,873,387 7,873,387    
Ending balance at Jun. 30, 2025 $ 283,290 $ 118,698 165,495 (903)
Beginning balance (in shares) at Mar. 31, 2025   7,888,013    
Beginning balance at Mar. 31, 2025 275,214 $ 118,439 157,971 (1,196)
Increase (Decrease) in Stockholders' Equity        
Net income 9,088   9,088  
Other comprehensive income (loss), net of tax 293     293
Cash dividends declared (1,564)   (1,564)  
Stock-based compensation expense 681 $ 681    
Forfeitures of restricted stock (in shares)   0    
Issuance of restricted stock (in shares)   0    
Stock options exercised 0      
Repurchase of common stock (in shares)   (14,626)    
Repurchase of common stock $ (422) $ (422)    
Ending balance (in shares) at Jun. 30, 2025 7,873,387 7,873,387    
Ending balance at Jun. 30, 2025 $ 283,290 $ 118,698 $ 165,495 $ (903)