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On October 22, 2021, Bancorp's Board of Directors approved an amendment to the current share repurchase program, which increased the total authorization from $25.0 million to $57.0 million and left the expiration date unchanged.
−Removed: During the three months ended March 31, 2022, Bancorp repurchased 23,275 shares at an average price of $37.64 per share for a total cost of $877 thousand.
−Removed: From the start of this program, the Bancorp has repurchased 618,991 shares at an average price of $36.04 per share totaling $22.3 million as of March 31, 2022.
−Removed: The remaining $34.7 million in the program will be executed in the context of our overall capital planning and stress testing, as well as other potential capital investments.
−Removed: The following table reflects repurchases under this share repurchase program for the periods presented.
−Removed: (in thousands, except per share data) Total Number of Shares Purchased Average Price Paid per Share 1
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Programs Approximate Dollar Value That May yet Be Purchased Under the Program
−Removed: January 1-31, 2022 23,275 $ 37.64 23,275 $ 34,664
−Removed: February 1-28, 2022 — — — $ 34,664
−Removed: March 1-31, 2022 — — — $ 34,664
−Removed: Total 23,275 $ 37.64 23,275
−Removed: 1 Average price paid per share excludes commission.
+Added: During the six months ended June 30, 2022, Bancorp repurchased 23,275 shares at an average price of $37.64 per share for a total cost of $877 thousand.
+Added: The last activity under the program was in the first quarter of 2022.
+Added: Cumulative shares repurchased under the current program totaled 618,991 shares at an average price of $36.04 per share, with $34.7 million outstanding as of June 30, 2022.
+Added: Bancorp continues to evaluate the resumption of share repurchases in the context of other capital and strategic initiatives.
ITEM 3 Defaults upon Senior Securities
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.