| Schedule of Capital Structure |
The following summarizes the Company’s capital structure. Preferred Stock Series C | | | | | | | | | | | | | | | | | December 31, | | (Dollars in thousands, except per share amounts) | | 2025 | | 2024 | | Shares authorized | | 51,750 | | | 51,750 | | | Shares issued | | 45,000 | | | 45,000 | | | Shares outstanding | | 45,000 | | | 45,000 | | | Par value per share | | $ | 0.01 | | | $ | 0.01 | | | Liquidation preference per share | | $ | 1,000 | | | $ | 1,000 | | | Liquidation preference amount | | $ | 45,000 | | | $ | 45,000 | | | Dividend rate | | 7.125 | % | | 7.125 | % | | Dividend payment dates | | Quarterly | | Quarterly |
Common Stock | | | | | | | | | | | | | December 31, | | (Dollars in thousands, except per share amounts) | 2025 | | 2024 | | Shares authorized | 50,000,000 | | | 50,000,000 | | | Shares issued | 29,535,826 | | | 29,121,213 | | | Treasury shares | (5,770,441) | | | (5,729,802) | | | Shares outstanding | 23,765,385 | | | 23,391,411 | | | Par value per share | $ | 0.01 | | | $ | 0.01 | |
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