Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
See "Liquidity and Capital Resources - Limitations on Dividends and Other Capital Distributions" in "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations" regarding OCC restrictions on dividends from the Bank to the Company.
The following table summarizes our stock repurchase activity during the three months ended March 31, 2026 and additional information regarding our stock repurchase program. As of March 31, 2026, the Company had $39.4 million of common stock authorized under an existing stock repurchase plan. Although our existing repurchase plan has no expiration date, we are required to annually seek the FRB of Kansas City's non-objection for the buyback amount. The FRB's current non-objection for the Company to repurchase up to $75 million of stock expires in February 2027. Shares may be repurchased from time to time in the open market or in privately negotiated transactions based upon market conditions, available liquidity, and other factors.
Total Number of Approximate Dollar
Total Shares Purchased as Value of Shares
Number of Average Part of Publicly that May Yet Be
Shares Price Paid Announced Plans Purchased Under the
Purchased per Share or Programs Plans or Programs
January 1, 2026 through
January 31, 2026 27,000 $ 7.26 27,000 $ 54,650,436
February 1, 2026 through
February 28, 2026 508,217 7.55 508,217 50,813,371
March 1, 2026 through
March 31, 2026 1,620,264 7.03 1,620,264 39,423,318
Total 2,155,481 7.16 2,155,481 39,423,318
81
Item 3. Defaults Upon Senior Securities
Not applicable.
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.