v3.24.2.u1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) - USD ($)
$ in Thousands
Series A Preferred Stock
Preferred Shares
Series A Preferred Stock
Additional Paid in Capital
Series A Preferred Stock
Preferred Shares
Common Shares
Additional Paid in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Total
Beginning balance at Dec. 31, 2022       $ 2 $ 41 $ 226,221 $ (561) $ (7,995) $ 217,708
Beginning balance (in shares) at Dec. 31, 2022       1,903,000 41,093,536        
Cumulative effect of adoption of new accounting principle (ASU 2016-13)               (2,490) (2,490)
Issuance of Series A Preferred Stock, net of expenses   $ 517 $ 517            
Issuance of Series A Preferred Stock, net of expenses (in shares) 24,603                
Issuance of Common Shares, net of expenses         $ 3 9,686     9,689
Issuance of common shares, net of expenses (in shares)         2,616,124        
Stock Buyback           (225)     (225)
Stock Buyback (in shares)         (71,000)        
Stock-based compensation           396     396
Stock-based compensation (in shares)         183,390        
Unrealized gain (loss) on debt securities             185   185
Dividends paid on Series A Preferred Stock               (1,850) (1,850)
Dividends paid on Common Shares               (5,705) (5,705)
Net income (loss)               10,818 10,818
Ending balance at Jun. 30, 2023       $ 2 $ 44 236,595 (376) (7,222) 229,043
Ending balance (in shares) at Jun. 30, 2023       1,927,603 43,822,050        
Beginning balance at Mar. 31, 2023       $ 2 $ 44 235,709 (470) (6,289) 228,996
Beginning balance (in shares) at Mar. 31, 2023       1,909,187 43,756,724        
Issuance of Series A Preferred Stock, net of expenses   380 380            
Issuance of Series A Preferred Stock, net of expenses (in shares) 18,416                
Issuance of Common Shares, net of expenses           509     509
Issuance of common shares, net of expenses (in shares)         136,326        
Stock Buyback           (225)     (225)
Stock Buyback (in shares)         (71,000)        
Stock-based compensation           222     222
Unrealized gain (loss) on debt securities             94   94
Dividends paid on Series A Preferred Stock               (925) (925)
Dividends paid on Common Shares               (5,706) (5,706)
Net income (loss)               5,698 5,698
Ending balance at Jun. 30, 2023       $ 2 $ 44 236,595 (376) (7,222) 229,043
Ending balance (in shares) at Jun. 30, 2023       1,927,603 43,822,050        
Beginning balance at Dec. 31, 2023       $ 2 $ 47 249,826 316 (20,115) 230,076
Beginning balance (in shares) at Dec. 31, 2023       2,029,923 46,765,483        
Issuance of Series A Preferred Stock, net of expenses   3,616 3,616            
Issuance of Series A Preferred Stock, net of expenses (in shares) 176,205                
Issuance of Common Shares, net of expenses         $ 1 2,049     2,050
Issuance of common shares, net of expenses (in shares)         568,711        
Stock-based compensation           437     437
Stock-based compensation (in shares)         212,857        
Unrealized gain (loss) on debt securities             (251)   (251)
Reversal of losses from unrealized to realized             (65)   (65)
Dividends paid on Series A Preferred Stock               (2,091) (2,091)
Dividends paid on Common Shares               (5,219) (5,219)
Net income (loss)               1,615 1,615
Ending balance at Jun. 30, 2024       $ 2 $ 48 255,928   (25,810) 230,168
Ending balance (in shares) at Jun. 30, 2024       2,206,128 47,547,051        
Beginning balance at Mar. 31, 2024       $ 2 $ 47 253,670 191 (16,467) 237,443
Beginning balance (in shares) at Mar. 31, 2024       2,108,957 47,446,051        
Issuance of Series A Preferred Stock, net of expenses   $ 2,061 $ 2,061            
Issuance of Series A Preferred Stock, net of expenses (in shares) 97,171                
Stock-based compensation         $ 1 197     198
Stock-based compensation (in shares)         101,000        
Unrealized gain (loss) on debt securities             (126)   (126)
Reversal of losses from unrealized to realized             $ (65)   (65)
Dividends paid on Series A Preferred Stock               (1,068) (1,068)
Dividends paid on Common Shares               (5,219) (5,219)
Net income (loss)               (3,056) (3,056)
Ending balance at Jun. 30, 2024       $ 2 $ 48 $ 255,928   $ (25,810) $ 230,168
Ending balance (in shares) at Jun. 30, 2024       2,206,128 47,547,051