13 unchanged sentences
The Company paid quarterly cash dividends of $15 per share on the preferred stock for the years 2024 and 2023.
−Removed: During 2023, preferred stockholders converted 70 shares of preferred shares into 9,628
−Removed: shares of common stock.
+Added: During 2024, preferred stockholders converted 50 shares of preferred shares into 6,877 shares of common stock.
The preferred stock qualifies, and is accounted, as equity securities and is included in the Company’s Tier I capital since issued.
6 unchanged sentences
Additionally, because the FDIC may prohibit a bank from engaging in unsafe or unsound practices, it is possible that under certain circumstances the FDIC could claim that a dividend payment constitutes an unsafe or unsound practice.
−Removed: The New Jersey Department of Banking and Insurance has similar power to issue cease and desist orders to prohibit what might constitute unsafe or unsound practices.
+Added: The New Jersey Department of Banking and Insurance has similar power to issue cease and desist orders to prohibit
+Added: what might constitute unsafe or unsound practices.
The payment of dividends may also be affected by other factors (e.g., the need to maintain adequate capital or to meet loan loss reserve requirements).
−Removed: There were no repurchases of the Company’s Common Stock during the twelve months ended December 31, 2023.
+Added: Repurchases of the Company's Common Stock during the twelve months ended December 31, 2024 totaled 200,000 shares at an average price of $21.28.
+Added: Set forth below is information regarding the Company's stock repurchases during the fiscal year ended December 31, 2024.
+Added: Issuer Purchases of Equity Securities
+Added: Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Number of Shares that May Yet Be Purchased Under the Program
+Added: August 1 - 31, 2024 50,001 $ 19.41 50,001 563,095
+Added: September 1 - 30, 2024 49,999 20.79 49,999 513,096
+Added: October 1 - 31, 2024 16,500 21.26 16,500 496,596
+Added: November 1 - 30, 2024 45,088 22.65 45,088 451,508
+Added: December 1 - 31, 2024 38,412 22.58 38,412 413,096
+Added: Total 200,000 $ 21.28 200,000
Shareholders wishing to change the name, address or ownership of the Company’s stock, report lost certificates or consolidate accounts are asked to contact the Company’s Transfer Agent and Registrar directly:
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.