2 unchanged sentences
Management's Discussion and Analysis of Financial Condition and Results of Operations" regarding OCC restrictions on dividends from the Bank to the Company.
−Removed: The following table summarizes our stock repurchase activity during the three months ended December 31, 2023 and additional information regarding our stock repurchase program.
−Removed: As of December 31, 2023, the Company had $9.4 million of common stock authorized under its existing stock repurchase plan.
+Added: The following table summarizes our stock repurchase activity during the three months ended March 31, 2024 and additional information regarding our stock repurchase program.
+Added: As of March 31, 2024, the Company had $2.0 million of common stock authorized under its existing stock repurchase plan.
There is no expiration for this repurchase plan;
however, the Federal Reserve Bank's existing approval for the Company to repurchase shares is through August 2024.
+Added: In February 2024, the Company notified the FRB of its intent to authorize the repurchase of up to $75 million in additional common stock over a period of time, depending upon market conditions, cash balances at the Company level, and after the completion of the Company's existing share repurchase program.
+Added: This plan has no expiration date;
+Added: however, the FRB's new approval for the Company to repurchase shares expires in February 2025.
Shares may be repurchased from time to time in the open market or in privately negotiated transactions based upon market conditions and available liquidity.
4 unchanged sentences
Purchased per Share or Programs Plans or Programs
−Removed: October 1, 2023 through
−Removed: October 31, 2023 — $ — — $ 21,222,929
−Removed: November 1, 2023 through
−Removed: November 30, 2023 1,034,000 5.36 1,034,000 15,685,362
−Removed: December 1, 2023 through
−Removed: December 31, 2023 1,000,000 6.25 1,000,000 9,440,117
+Added: January 1, 2024 through
+Added: January 31, 2024 199,400 $ 6.53 199,400 $ 8,138,109
+Added: February 1, 2024 through
+Added: February 29, 2024 572,289 5.99 572,289 4,707,647
+Added: March 1, 2024 through
+Added: March 31, 2024 474,421 5.78 474,421 1,964,729
Total 1,246,110 6.00 1,246,110 1,964,729
4 unchanged sentences
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.