v3.25.4
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock [Member]
Additional Paid-in Capital [Member]
Unearned Compensation - ESOP [Member]
Deferred Compensation, Share-Based Payments [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Beginning balance, value at Dec. 31, 2022 $ 222 $ 128,899 $ (2,906) $ (1,012) $ 127,982 $ (25,042) $ 228,143
Beginning balance, shares at Dec. 31, 2022 22,216,789            
Cumulative effect accounting adjustment [1] 9 9
Net income 15,068 15,068
Comprehensive income (loss) 3,298 3,298
Common stock held by ESOP committed to be released 50 512 562
Forfeited equity incentive plan shares (40) 40
Forfeited equity incentive plan shares reissued 207 (207)
Common stock repurchased $ (6) (5,016) (5,022)
Common stock repurchased (in shares) (686,436)            
Share-based compensation - equity incentive plan 1,417 1,417
Issuance of common stock in connection with equity incentive plan $ 1 1,348 (1,349)
Issuance of common stock in connection with equity incentive plan (in shares) 136,454            
Cash dividends declared and paid on common stock (6,066) (6,066)
Ending balance, value at Dec. 31, 2023 $ 217 125,448 (2,394) (1,111) 136,993 (21,744) 237,409
Ending balance, shares at Dec. 31, 2023 21,666,807            
Net income 11,666 11,666
Comprehensive income (loss) (1,530) (1,530)
Common stock held by ESOP committed to be released 84 488 572
Forfeited equity incentive plan shares (20) 20
Forfeited equity incentive plan shares reissued 35 (35)
Common stock repurchased $ (10) (7,752) (7,762)
Common stock repurchased (in shares) (973,924)            
Share-based compensation - equity incentive plan 1,469 1,469
Issuance of common stock in connection with equity incentive plan $ 2 1,531 (1,533)
Issuance of common stock in connection with equity incentive plan (in shares) 182,830            
Cash dividends declared and paid on common stock (5,914) (5,914)
Ending balance, value at Dec. 31, 2024 $ 209 119,326 (1,906) (1,190) 142,745 (23,274) 235,910
Ending balance, shares at Dec. 31, 2024 20,875,713            
Net income 15,269 15,269
Comprehensive income (loss) 6,557 6,557
Common stock held by ESOP committed to be released 242 463 705
Forfeited equity incentive plan shares (347) 347
Forfeited equity incentive plan shares reissued 286 (286)
Common stock repurchased $ (6) (6,170) (6,176)
Common stock repurchased (in shares) (629,542)            
Share-based compensation - equity incentive plan 1,084 1,084
Issuance of common stock in connection with equity incentive plan $ 1 1,178 (1,179)
Issuance of common stock in connection with equity incentive plan (in shares) 126,615            
Cash dividends declared and paid on common stock (5,712) (5,712)
Ending balance, value at Dec. 31, 2025 $ 204 $ 114,515 $ (1,443) $ (1,224) $ 152,302 $ (16,717) $ 247,637
Ending balance, shares at Dec. 31, 2025 20,372,786            
[1] Represents gross transition adjustment amount of $13,000, net of taxes of $4,000, to reflect the cumulative impact on retained earnings pursuant to the Company’s adoption of Accounting Standards Update (“ASU”) 2016-13 Financial Instruments-Credit Losses on Financial Instruments and relevant amendments.