NOTE 17. SHARE REPURCHASES

In February 2025, the Board approved a common stock repurchase program (the “Common Stock Repurchase Program”). Pursuant to the Common Stock Repurchase Program, the Company may repurchase shares of its common stock for a total purchase price of up to $10.0 million. Shares may be purchased under the Common Stock Repurchase Program in open market transactions, including through block purchases, through privately negotiated transactions or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The Common Stock Repurchase Program does not obligate the Company to acquire any particular amount of shares of its common stock and may be modified or suspended.

The Company was not active under the Common Stock Repurchase Program during the nine months ended September 30, 2026. Under the Common Stock Repurchase Program, the Company repurchased 546,390 shares of its common stock on the open market for a total cost of $8.8 million, or an average price per share of $16.07, during the nine months ended September 30, 2025. As of September 30, 2026, $1.2 million remained available for repurchases under the Common Stock Repurchase Program.