Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Stockholder's Equity

v3.24.1
Consolidated Statements of Changes in Stockholder's Equity - USD ($)
$ in Thousands
Cumulative Effect, Period of Adoption, Adjustment [Member]
Common Stock [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
Additional Paid-in Capital [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
AOCI Attributable to Parent [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
Retained Earnings [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
AOCI Attributable to Parent [Member]
Retained Earnings [Member]
Total
Balance at Dec. 31, 2021           $ 0 $ 30,430 $ 4,276 $ 121,909 $ 156,615
Net income           0 0 0 15,080 15,080
Other comprehensive income (loss), net of tax           0 0 (68,576) 0 (68,576)
Net surrender value of restricted stock awards           0 (120) 0 0 (120)
Stock-based compensation expense           0 741 0 0 741
Issuance of 795,423 shares at $47.75 per share, for acquisition of Royal Financial, Inc.           0 37,981 0 0 37,981
Cash dividends           0 0 0 (5,328) (5,328)
Balance at Dec. 31, 2022           0 69,032 (64,300) 131,661 136,393
Net income                   8,380
Balance at Dec. 31, 2023           0 69,555 (51,613) 129,403 147,345
Balance (Accounting Standards Update 2016-13 [Member]) at Dec. 30, 2023 $ 0 $ 0 $ 0 $ (6,118) $ (6,118)          
Balance at Dec. 30, 2023           0 69,032 (64,300) 131,661 136,393
Net income           0 0 0 8,380 8,380
Other comprehensive income (loss), net of tax           0 0 12,687 0 12,687
Net surrender value of restricted stock awards           0 (196) 0 0 (196)
Stock-based compensation expense           0 719 0 0 719
Cash dividends           0 0 0 (4,520) (4,520)
Balance at Dec. 31, 2023           $ 0 $ 69,555 $ (51,613) $ 129,403 $ 147,345