7 unchanged sentences
The holders of our common stock are entitled to receive such dividends when and as declared by our Board of Directors and approved by our regulators.
−Removed: During the continuance of an event of default under its Subordinated Note Purchase Agreements entered into with certain accredited purchasers in August 2020 and March 2022, the Company would be restricted from declaring or paying any dividends on its capital stock.
+Added: During the continuance of an event of default under its Subordinated Note Purchase Agreement dated March 11, 2022, or its Business Note Agreements dated June 26, 2019 or October 30, 2025, the Company would be restricted from declaring or paying any dividends on its capital stock.
In determining the payment of cash dividends, our Board of Directors considers our earnings, capital and debt servicing requirements, the financial ratio guidelines of our regulators, our financial condition and other relevant factors.
5 unchanged sentences
Purchases of Equity Securities by the Issuer
−Removed: On July 25, 2024, the Board of Directors authorized a stock repurchase program of 5% of the outstanding shares on that date or 512,709 shares.
−Removed: As of the beginning of the quarter ended December 31, 2024, 332 thousand shares were available for purchase under the 2024 share repurchase program.
−Removed: During the quarter ended December 31, 2024, 94 thousand shares were repurchased under the program.
−Removed: As of December 31, 2024, an additional 238 thousand shares remain available for repurchase under the 2024 share repurchase program.
+Added: On July 24, 2025, the Board of Directors authorized a stock repurchase program of 5% of the outstanding shares on that date or 499,000 shares in open market or private transactions.
+Added: The timing and amount of any share repurchases under the new authorization will be determined by management based on market conditions and other considerations.
+Added: The new share repurchase authorization does not obligate the Company to repurchase any shares of its common stock.
+Added: As of the beginning of the quarter ended December 31, 2025, 363,748 shares were available for purchase under the 2025 share repurchase program.
+Added: During the quarter ended December 31, 2025, 250,000 shares were repurchased under the program.
+Added: As of December 31, 2025, an additional 113,748 shares remain available for repurchase under the 2025 share repurchase program.
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares purchased as Part of Publicly Announced Plans or Programs Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
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.