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Equity Incentive Plans | 6 Months Ended
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Jun. 30, 2022
Share-Based Payment Arrangement [Abstract] |
Equity Incentive Plans | Equity Incentive Plans The following table is a summary of the Company’s stock options outstanding as of June 30, 2022, and changes therein during the six months then ended.
| Number of Stock Options |  | Weighted Average Grant Date Fair Value |  | Weighted Average Exercise Price |  | Weighted Average Contractual Life (years)
Outstanding - December 31, 2021 | 1,769,979 |  |  | $ | 4.02 |  |  | $ | 13.95 |  |  | 2.95
Exercised | (17,040) |  |  | 3.95 |  |  | 13.54 |  |  | — |
Outstanding - June 30, 2022 | 1,752,939 |  |  | 4.02 |  |  | 13.96 |  |  | 2.46
Exercisable - June 30, 2022 | 1,752,939 |  |  | 4.02 |  |  | 13.96 |  |  | 2.46
On January 28, 2022, the Company granted to directors and employees, under the 2019 Equity Incentive Plan, 157,416 restricted stock awards with a total grant-date fair value of $2.5 million. Of these grants, 30,798 vest one year from the date of grant and 126,618 vest in equal installments over a three-year period beginning one year from the date of grant. The Company also issued 24,492 performance-based restricted stock units to its executive officers with a total grant date fair value of $386,484. Vesting of the performance-based restricted stock units will be based on achievement of certain levels of Core Return on Average Assets and will cliff-vest after a three-year measurement period ended December 31, 2024. At the end of the performance period, the number of actual shares to be awarded may vary between 0% and 120% of target amounts. The following is a summary of the status of the Company’s restricted stock awards and performance-based restricted stock units at June 30, 2022, and changes therein during the six months then ended.
| Number of Shares Awarded |  | Weighted Average Grant Date Fair Value
Non-vested at December 31, 2021 | 222,844 |  |  | $ | 13.21 |
Granted | 181,908 |  |  | 15.78 |
Vested | (62,836) |  |  | 12.87 |
Forfeited | (16,613) |  |  | 14.28 |
Non-vested at June 30, 2022 | 325,303 |  |  | 14.66 |
Expected future stock award expense related to the non-vested restricted share awards and performance-based restricted stock units as of June 30, 2022, was $3.7 million over a weighted average period of 2.6 years. During the three months ended June 30, 2022 and June 30, 2021, the Company recorded $449,000 and $261,000, respectively, of stock-based compensation related to the above plan. During the six months ended June 30, 2022 and June 30, 2021, the Company recorded $845,000 and $504,000, respectively, of stock-based compensation related to the above plan.

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