v3.25.2
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock and Paid in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income/(Loss), Net [Member]
Balance (in shares) at Dec. 31, 2023   7,548,217    
Balance at Dec. 31, 2023 $ 195,634 $ 173,513 $ 73,699 $ (51,578)
Net Income (Loss) 12,220   12,220  
Other comprehensive income (loss) 10,277     10,277
Shares issued for directors and employee stock plans (in shares)   24,521    
Shares issued for directors and employee stock plans 115 $ 115    
Effect of employee stock purchases 22 $ 22    
Stock options exercised and issued (in shares)   880    
Stock-based compensation expense 334 $ 334    
Cash dividends declared (4,083)   (4,083)  
Balance (in shares) at Jun. 30, 2024   7,573,618    
Balance at Jun. 30, 2024 214,519 $ 173,984 81,836 (41,301)
Balance (in shares) at Mar. 31, 2024   7,556,137    
Balance at Mar. 31, 2024 206,756 $ 173,786 77,294 (44,324)
Net Income (Loss) 6,586   6,586  
Other comprehensive income (loss) 3,023     3,023
Shares issued for directors and employee stock plans (in shares)   17,481    
Shares issued for directors and employee stock plans 25 $ 25    
Effect of employee stock purchases 11 11    
Stock-based compensation expense 162 $ 162    
Cash dividends declared (2,044)   (2,044)  
Balance (in shares) at Jun. 30, 2024   7,573,618    
Balance at Jun. 30, 2024 $ 214,519 $ 173,984 81,836 (41,301)
Balance (in shares) at Dec. 31, 2024 8,965,483 8,965,483    
Balance at Dec. 31, 2024 $ 260,415 $ 206,780 91,414 (37,779)
Net Income (Loss) (372)   (372)  
Other comprehensive income (loss) (11,308)     (11,308)
Shares issued for directors and employee stock plans (in shares)   14,917    
Shares issued for directors and employee stock plans 433 $ 433    
Effect of employee stock purchases 29 29    
Stock-based compensation expense 353 $ 353    
Restricted stock units issued (in shares)   22,214    
Shares surrendered by participants for RSU tax payments (327) $ (327)    
Merger with Fentura Financial, Inc., net of issuance costs (in shares)   6,064,057    
Merger with Fentura Financial, Inc., net of issuance costs 192,770 $ 192,770    
Repurchase of shares from Fentura Financial, Inc. ESOP (in shares)   (57,807)    
Repurchase of shares from Fentura Financial, Inc. ESOP (1,837) $ (1,837)    
Cash dividends declared $ (8,395)   (8,395)  
Balance (in shares) at Jun. 30, 2025 15,008,864 15,008,864    
Balance at Jun. 30, 2025 $ 431,761 $ 398,201 82,647 (49,087)
Balance (in shares) at Mar. 31, 2025   14,977,248    
Balance at Mar. 31, 2025 427,068 $ 398,075 73,316 (44,323)
Net Income (Loss) 13,534   13,534  
Other comprehensive income (loss) (4,764)     (4,764)
Shares issued for directors and employee stock plans (in shares)   9,402    
Shares issued for directors and employee stock plans 261 $ 261    
Effect of employee stock purchases 16 16    
Stock-based compensation expense 176 $ 176    
Restricted stock units issued (in shares)   22,214    
Shares surrendered by participants for RSU tax payments (327) $ (327)    
Cash dividends declared $ (4,203)   (4,203)  
Balance (in shares) at Jun. 30, 2025 15,008,864 15,008,864    
Balance at Jun. 30, 2025 $ 431,761 $ 398,201 $ 82,647 $ (49,087)