Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Balance at Dec. 31, 2017 $ 99,139 $ 82,615 $ 17,025   $ (501)
Balance (in shares) at Dec. 31, 2017   7,280,183      
Net income 9,978   9,978    
Conversion of preferred stock 42,058 $ 42,058      
Conversion of preferred stock (in shares)   2,300,000      
Exercise of stock options and warrants 40,692 $ 40,692      
Exercise of stock options and warrants (in shares)   2,142,811      
Issuance of common stock 3,902 $ 3,902      
Issuance of common stock (in shares)   380,759      
Stock-based compensation 672 $ 672      
Other comprehensive income (loss) 2,355       2,355
Balance at Dec. 31, 2018 198,796 $ 169,939 27,003   1,854
Balance (in shares) at Dec. 31, 2018   12,103,753      
Net income 21,136   21,136    
Shares issued in business combination 78,083 $ 78,083      
Shares issued in business combination (in shares)   3,679,191      
Exercise of stock options and warrants 1,966 $ 1,966      
Exercise of stock options and warrants (in shares)   189,301      
Issuance of common stock [1] 46,535 $ 46,535      
Issuance of common stock (in shares) [1]   2,300,000      
Stock-based compensation 665 $ 665      
Treasury stock purchases (289)     $ (289)  
Treasury stock purchases (in shares)   (14,023)      
Other comprehensive income (loss) (1,187)       (1,187)
Balance at Dec. 31, 2019 345,705 $ 297,188 48,139 (289) 667
Balance (in shares) at Dec. 31, 2019   18,258,222      
Net income 31,311   31,311    
Common stock dividends declared ($0.07 per share) (2,767)   (2,767)    
Exercise of stock options and warrants 683 $ 683      
Exercise of stock options and warrants (in shares)   57,348      
Stock-based compensation 979 $ 979      
Treasury stock purchases $ (15,470)     (15,470)  
Treasury stock purchases (in shares) (1,233,739) (1,233,739)      
Other comprehensive income (loss) $ 338       338
Balance at Dec. 31, 2020 $ 360,779 $ 298,850 $ 76,683 $ (15,759) $ 1,005
Balance (in shares) at Dec. 31, 2020   17,081,831      
[1] Shares issued in offering were net of expenses of $452 thousand for the 2018 offering and $442 thousand for the 2019 offering.