v3.26.1
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, 2024   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    
Compensation expense for 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    
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    
Compensation expense for 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    
Balance at Jun. 30, 2025 $ 431,761 $ 398,201 82,647 (49,087)
Balance (in shares) at Dec. 31, 2025 15,000,939 15,000,939    
Balance at Dec. 31, 2025 $ 465,353 $ 398,386 102,641 (35,674)
Net income (loss) 26,167   26,167  
Other comprehensive income (loss) 1,537     1,537
Shares issued for directors and employee stock plans (in shares)   17,869    
Shares issued for directors and employee stock plans 499 $ 499    
Compensation expense for employee stock purchases 27 27    
Stock-based compensation expense $ 537 $ 537    
Shares repurchased (in shares) (85,000) (85,000)    
Shares repurchased $ (2,516) $ (2,516)    
Restricted stock units issued (in shares)   16,664    
Shares surrendered by participants for RSU tax payments (252) $ (252)    
Cash dividends declared $ (8,673)   (8,673)  
Balance (in shares) at Jun. 30, 2026 14,950,472 14,950,472    
Balance at Jun. 30, 2026 $ 482,679 $ 396,681 120,135 (34,137)
Balance (in shares) at Mar. 31, 2026   14,960,200    
Balance at Mar. 31, 2026 470,001 $ 397,498 112,008 (39,505)
Net income (loss) 12,463   12,463  
Other comprehensive income (loss) 5,368     5,368
Shares issued for directors and employee stock plans (in shares)   8,608    
Shares issued for directors and employee stock plans 244 $ 244    
Compensation expense for employee stock purchases 14 14    
Stock-based compensation expense $ 252 $ 252    
Shares repurchased (in shares) (35,000) (35,000)    
Shares repurchased $ (1,075) $ (1,075)    
Restricted stock units issued (in shares)   16,664    
Shares surrendered by participants for RSU tax payments (252) $ (252)    
Cash dividends declared $ (4,336)   (4,336)  
Balance (in shares) at Jun. 30, 2026 14,950,472 14,950,472    
Balance at Jun. 30, 2026 $ 482,679 $ 396,681 $ 120,135 $ (34,137)