3 unchanged sentences
Prior to that, there was no public market for our common stock.
−Removed: As of March 8, 2024, the Company had approximately 1,730 common stock shareholders of record, and the closing price of the Company’s common stock was $17.67 per share.
+Added: As of March 12, 2025, we had approximately 2,813 common stock shareholders of record, and the closing price of our common stock was $16.93 per share.
The number of holders of record does not represent the actual number of beneficial owners of our common stock because securities dealers and others frequently hold shares in “street name” for the benefit of individual owners who have the right to vote shares.
8 unchanged sentences
As a bank holding company, our ability to pay dividends is affected by the policies and enforcement powers of the Federal Reserve.
−Removed: Information on regulatory restrictions on our ability to pay dividends is set forth in “Part I, Item I – Business – Supervision and Regulation – The Company – Dividend Payments.” In addition, because we are a holding company, we are dependent upon the payment of dividends by the Bank to us as our principal source of funds to pay dividends in the future, if any, and to make other payments.
−Removed: The Bank is also subject to various legal, regulatory and other restrictions on its ability to pay dividends and make other distributions and payments to us, as further discussed in “Part I, Item I – Business – Supervision and Regulation—The Bank—Dividend Payments.”
+Added: Information on regulatory restrictions on our ability to pay dividends is set forth in Item 1.
+Added: Business— Supervision and Regulation – The Company – Dividend Payments .
+Added: In addition, because we are a holding company, we are dependent upon the payment of dividends by the Bank to us as our principal source of funds to pay dividends in the future, if any, and to make other payments.
+Added: The Bank is also subject to various legal, regulatory and other restrictions on its ability to pay dividends and make other distributions and payments to us, as further discussed in Item 1.
+Added: Business— Supervision and Regulation—The Bank—Dividend Payments.
Stock Performance Graph
−Removed: The following graph compares the cumulative total shareholder return on the Company's common stock from December 31, 2018 through December 31, 2023.
−Removed: The graph compares the Company's common stock with the Russell 2000 Index and the SNL Bank $1B-$5B Index.
−Removed: The graph assumes an investment of $100.00 in the Company's common stock and each index on December 31, 2018 and reinvestment of all quarterly dividends.
+Added: The following graph compares the cumulative total shareholder return on our common stock from December 31, 2019 through December 31, 2024.
+Added: The graph compares our common stock with the Russell 2000 Index and the SNL Bank $1B-$5B Index.
+Added: The graph assumes an investment of $100.00 in our common stock and each index on December 31, 2019 and reinvestment of all quarterly dividends.
Measurement points are December 31, 2019 and the last trading day of each year-end through December 31, 2024.
−Removed: There is no assurance that the Company's common stock performance will continue in the future with the same or similar results as shown in the graph.
+Added: There is no assurance that our common stock performance will continue in the future with the same or similar results as shown in the graph.
+Added: Period Ending
Russell 2000 Index
2 unchanged sentences
Unregistered Sales and Issuer Purchases of Equity Securities
−Removed: On April 22, 2021, March 16, 2022 and June 14, 2022 the Board of Directors approved a stock repurchase program to buy back up to an aggregate of 500,000 shares of Company common stock for each authorization date.
−Removed: We repurchased 396,374 shares for $6.8 million of our outstanding common stock during the fourth quarter of 2023 and as of December 31, 2023, there are 36,750 shares remaining under an authorized repurchase program.
−Removed: Issuer Purchases of Equity Securities
−Removed: Total Number of Shares Purchased
−Removed: Average Price Paid per Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plan
−Removed: Maximum Number of Shares that May Yet Be Purchased Under the Plan
−Removed: October 1, 2023 to October 31, 2023
−Removed: November 1, 2023 to November 30, 2023
−Removed: December 1, 2023 to December 31, 2023
+Added: On February 29, 2024, the Board of Directors approved a stock repurchase program to buy back up to an aggregate of 1,000,000 shares of Company common stock.
+Added: On June 14, 2022, March 16, 2022 and April 22, 2021 the Board of Directors approved a stock repurchase program to buy back up to an aggregate of 500,000 shares of Company common stock for each authorization date.
+Added: We repurchased zero shares of common stock during the fourth quarter of 2024 and we repurchased 1,036,750 shares of common stock during the first three quarters of 2024 completing our authorized repurchase programs.
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.