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, 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    
Conversion of preferred stock 46,535 $ 46,535      
Conversion of preferred stock (in shares)   2,300,000      
Exercise of stock options and warrants 78,083 $ 78,083      
Exercise of stock options and warrants (in shares)   3,679,191      
Issuance of common stock [1] 1,966 $ 1,966      
Issuance of common stock (in shares) [1]   189,301      
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 (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)      
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      
Net income 42,052   42,052    
Common stock dividends declared (7,210)   (7,210)    
Exercise of stock options and warrants and delivery of restricted stock units 3,243 $ 3,243      
Exercise of stock options and warrants and delivery of restricted stock units (in shares)   258,722      
Stock-based compensation 1,134 $ 1,134      
Treasury stock purchases $ (1,096)     (1,096)  
Treasury stock purchases (in shares) (58,506) (58,506)      
Other comprehensive income (loss) $ (5,086)       (5,086)
Balance at Dec. 31, 2021 $ 393,816 $ 303,227 $ 111,525 $ (16,855) $ (4,081)
Balance (in shares) at Dec. 31, 2021   17,282,047      
[1] Shares issued in offering were net of expenses of $452 thousand for the 2018 offering and $442 thousand for the 2019 offering.