Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
Retained Earnings
Beginning Balance (in shares) at Dec. 31, 2014   14,539,104    
Beginning Balance at Dec. 31, 2014 $ 285,798 $ 10,090 $ 93,828 $ 181,880
Increase (Decrease) in Shareholders' Equity        
Net income (loss) (25,364)     (25,364)
Vesting of restricted stock (in shares)   41,112    
Vesting of restricted stock (79) $ (9) (70)  
Compensation expense restricted stock 2,707 $ 271 2,436  
Dividends on common stock (5,865)     (5,865)
Ending Balance (in shares) at Dec. 31, 2015   14,580,216    
Ending Balance at Dec. 31, 2015 257,197 $ 10,352 96,194 150,651
Increase (Decrease) in Shareholders' Equity        
Net income (loss) 3,515     3,515
Vesting of restricted stock (in shares)   114,804    
Vesting of restricted stock (217) $ (23) (194)  
Compensation expense restricted stock 3,125 $ 312 2,813  
Dividends on common stock $ (588)     (588)
Ending Balance (in shares) at Dec. 31, 2016 14,695,020 14,695,020    
Ending Balance at Dec. 31, 2016 $ 263,032 $ 10,641 98,813 153,578
Increase (Decrease) in Shareholders' Equity        
Net income (loss) (44,766)     (44,766)
Vesting of restricted stock (in shares)   215,478    
Vesting of restricted stock (916) $ (92) (824)  
Compensation expense restricted stock 2,741 $ 274 2,467  
Dividends on common stock $ (598)     (598)
Ending Balance (in shares) at Dec. 31, 2017 14,910,498 14,910,498    
Ending Balance at Dec. 31, 2017 $ 219,493 $ 10,823 $ 100,456 $ 108,214