v3.26.1
Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-In Capital [Member]
Retained Earnings [Member]
Treasury Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Total
Beginning balance at Dec. 31, 2023     $ 223,966 $ 135,927 $ (38,347) $ (7,491) $ 314,055
Net income (loss)       8,683     8,683
Other comprehensive income (loss)           (304) (304)
Issuance of Preferred Stock     3,360       3,360
Stock-based compensation expense     397       397
Dividends payable on noncumulative perpetual preferred stock       (882)     (882)
Cash dividends on common stock (per share declared)       (5,202)     (5,202)
Dividend reinvestment plan     217 (217)      
Stock Purchase Plan     625       625
Ending balance at Jun. 30, 2024     228,565 138,309 (38,347) (7,795) 320,732
Beginning balance at Mar. 31, 2024     227,459 138,643 (38,347) (7,624) 320,131
Net income (loss)       2,817     2,817
Other comprehensive income (loss)           (171) (171)
Issuance of Preferred Stock     670       670
Stock-based compensation expense     202       202
Dividends payable on noncumulative perpetual preferred stock       (448)     (448)
Cash dividends on common stock (per share declared)       (2,594)     (2,594)
Dividend reinvestment plan     109 (109)      
Stock Purchase Plan     125       125
Ending balance at Jun. 30, 2024     228,565 138,309 (38,347) (7,795) 320,732
Beginning balance at Dec. 31, 2024     225,658 141,853 (38,347) (5,239) 323,925
Net income (loss)       (4,760)     (4,760)
Other comprehensive income (loss)           1,140 1,140
Issuance of Preferred Stock     520       520
Stock-based compensation expense     551       551
Dividends payable on noncumulative perpetual preferred stock       (964)     (964)
Cash dividends on common stock (per share declared)       (5,347)     (5,347)
Dividend reinvestment plan     155 (155)      
Stock Purchase Plan     670       670
Ending balance at Jun. 30, 2025     227,554 130,627 (38,347) (4,099) 315,735
Beginning balance at Mar. 31, 2025     227,047 130,291 (38,347) (4,269) 314,722
Net income (loss)       3,564     3,564
Other comprehensive income (loss)           170 170
Stock-based compensation expense     230       230
Dividends payable on noncumulative perpetual preferred stock       (482)     (482)
Cash dividends on common stock (per share declared)       (2,668)     (2,668)
Dividend reinvestment plan     78 (78)      
Stock Purchase Plan     199       199
Ending balance at Jun. 30, 2025     227,554 130,627 (38,347) (4,099) 315,735
Beginning balance at Dec. 31, 2025 228,672 116,415 (38,347) (2,456) 304,284
Net income (loss)   (9,872)     (9,872)
Other comprehensive income (loss)       (197) (197)
Stock-based compensation expense 474       474
Dividends payable on noncumulative perpetual preferred stock   (482)     (482)
Cash dividends on common stock (per share declared)   (2,738)     (2,738)
Dividend reinvestment plan 98 (98)      
Stock Purchase Plan 450       450
Ending balance at Jun. 30, 2026 229,694 103,225 (38,347) (2,653) 291,919
Beginning balance at Mar. 31, 2026 229,119 119,412 (38,347) (2,804) 307,380
Net income (loss)   (14,776)     (14,776)
Other comprehensive income (loss)       151 151
Stock-based compensation expense 326       326
Cash dividends on common stock (per share declared)   (1,362)     (1,362)
Dividend reinvestment plan 49 (49)      
Stock Purchase Plan 200       200
Ending balance at Jun. 30, 2026 $ 229,694 $ 103,225 $ (38,347) $ (2,653) $ 291,919