Item 2. Unregistered Sales of Equity Securities
ITEM 2 Unregistered Sales of Equity Securities and Use of Proceeds
There were no unregistered sales of equity securities during the period covered by this report.
Issuer Purchases of Equity Securities
Bancorp repurchased 50,000 shares totaling $1.1 million at an average price of $22.33 per share during the third quarter of 2025. As announced in the Form 8-K filed July 28, 2025, the board of directors authorized the repurchase of up to $25.0 million of its common stock effective July 24, 2025 through July 31, 2027.
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The following table sets forth for the indicated period, share repurchases of our common stock:
(in thousands, except per share data) Total Number of Shares Purchased Average Price Paid per Share 1 2
Total Number of Shares Purchased as Part of Publicly Announced Programs Approximate Dollar Value That May yet Be Purchased Under the Program 3
Period
July 1, 2025 to July 31, 2025 — $ — — $ 25,000
August 1, 2025 to August 31, 2025 50 22.33 50 23,882
September 1, 2025 to September 30, 2025 — 23,882
Three months ended September 30, 2025 50 $ 22.33 50 $ 23,882
1 Average price paid per share excludes commission.
2 The aggregate purchase price and weighted average price per share does not include the effect of excise tax expense incurred on net stock repurchases.
3 Bancorp's share repurchase program approved by the Board of Directors on July 24, 2025, for up to $25.0 million which expires on July 31, 2027.
ITEM 3 Defaults upon Senior Securities
None.
ITEM 4 Mine Safety Disclosures
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.