10 unchanged sentences
The Company’s ability to pay dividends to stockholders is largely dependent upon the dividends it receives from the Bank, and the Bank is subject to regulatory limitations on the amount of cash dividends it may pay.
−Removed: See “Supervision and Regulation – Dividend Payments” for additional information.
+Added: See “Supervision and Regulation of the Company – Dividend Payments” for additional information.
Equity Compensation Plan Information
18 unchanged sentences
NASDAQ Composite Index 100.00 136.69 198.10 242.03 163.28 236.17
−Removed: Bank NASDAQ Index 100.00 82.29 112.01 100.46 138.97 109.23
+Added: KBW NASDAQ Bank Index 100.00 136.13 122.09 168.88 132.75 131.57
BMI Banks Index 100.00 137.36 119.83 162.92 135.13 147.41
The above returns assume that $100 was invested on December 31, 2018 and that all dividends were reinvested.
−Removed: ISSUER PURCHASES OF EQUITY SECURITIES
+Added: PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PARTIES
On January 8, 2019, the Company's board of directors approved a share repurchase program, under which the Company is authorized to repurchase, from time to time as the Company deems appropriate, shares of the Company's common stock with an aggregate purchase price of up to $30 million.
1 unchanged sentence
On April 11, 2023, the Company's board of directors reauthorized and extended the share repurchase program through April 30, 2025.
−Removed: As extended, the repurchase program has an aggregate purchase price cap of $30 million.
+Added: As extended, the repurchase program has remaining aggregate purchase price authority of $30 million as of December 31, 2023.
The repurchase program does not obligate the Company to repurchase any dollar amount or number of shares, and the program may be extended, modified, suspended or discontinued at any time.
There were no repurchases under this plan during the year ended December 31, 2023.
+Added: During the quarter ended December 31, 2023, no director or officer of the Company adopted or terminated any Rule 10b5-1 trading arrangement or any non-Rule 10b5-1 trading arrangement, in each case as defined in Item 408 of Regulation S-K.
The following table provides information about purchases by the Company and its affiliates during the quarter ended December 31, 2023 of equity securities that are registered by the Company pursuant to Section 12 of the Exchange Act:
−Removed: 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 (or Appropriate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs
+Added: Period Total Number of Shares Purchased (a) Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or Appropriate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs (b)
10/01/23 - 10/31/23 0 $ 0.00 0 $ 30,000,000
2 unchanged sentences
Total 1,580 $ 53.15 0 $ 30,000,000
−Removed: The shares purchased during the quarter were credited to the deferred share accounts of non-employee directors under the Company’s directors’ deferred compensation plan.
+Added: (a) The shares purchased during the quarter were credited to the deferred share accounts of non-employee directors under the Company’s directors’ deferred compensation plan.
These shares are held in treasury stock of the Company and were purchased in the ordinary course of business and consistent with past practice.
−Removed: SELECTED FINANCIAL DATA
−Removed: The information previously required by Item 6 of this Form 10-K has been intentionally omitted, as permitted by the SEC in connection with its adoption of its final rules regarding the amendments to modernize, simplify, and enhance identified disclosure requirements of registrants.
+Added: (b) Following the renewal and extension of the Company's share repurchase program on April 11, 2023, the maximum dollar value of shares that may bet be repurchased under the program is $30 million as of December 31, 2023.
+Added: The share repurchase program terminates April 30, 2025.
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.