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Employee Benefits (Tables) | 12 Months Ended
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Dec. 31, 2023
Employee Benefits [Abstract] |
Stock Options Activity | The following table is a summary of the stock option activity under the Bank7 Corp. 2018 Equity Incentive Plan (dollar amounts in thousands, except per share data):
|  | Options |  |  | Wgtd. Avg. Exercise Price |  | Wgtd. Avg. Remaining Contractual Term |  | Aggregate Intrinsic Value |
Year Ended December 31, 2023 |  |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2022 |  |  | 251,550 |  |  | $ | 17.52 |  |  |  |  |
Options Granted |  |  | - |  |  |  | - |  |  |  |  |
Options Exercised |  |  | (28,423 | ) |  |  | 17.71 |  |  |  |  |
Options Forfeited |  |  | (2,188 | ) |  |  | 15.15 |  |  |  |  |
Outstanding at December 31, 2023 |  |  | 220,939 |  |  |  | 17.52 |  |  |  | 5.64 |  |  | $ | 2,172,070 |
Exercisable at December 31, 2023 |  |  | 173,684 |  |  |  | 18.04 |  |  |  | 5.27 |  |  | $ | 1,616,278 |
|  | Options |  |  | Wgtd. Avg. Exercise Price |  | Wgtd. Avg. Remaining Contractual Term |  | Aggregate Intrinsic Value |
Year Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2021 |  |  | 264,000 |  |  | $ | 17.41 |  |  |  |  |
Options Granted |  |  | 5,000 |  |  |  | 23.87 |  |  |  |  |
Options Exercised |  |  | (17,450 | ) |  |  | 17.73 |  |  |  |  |
Options Forfeited |  |  | - |  |  |  | - |  |  |  |  |
Outstanding at December 31, 2022 |  |  | 251,550 |  |  |  | 17.52 |  |  |  | 6.64 |  |  | $ | 2,032,509 |
Exercisable at December 31, 2022 |  |  | 170,485 |  |  |  | 18.39 |  |  |  | 6.05 |  |  | $ | 1,229,200 |
Assumptions Used for Computing Stock-Based Compensation Expense under Fair Value Method | The following table shows the assumptions used for computing stock-based compensation expense under the fair value method on options granted during the year ended December 31, 2022, there were no options granted during the year ended December 2023:
|  | For the Year Ended December 31, 2022 |
Risk-free interest rate |  |  | 3.47 | %
Dividend yield |  |  | 1.96 | %
Stock price volatility |  |  | 34.92 | %
Expected term |  |  | 7.01 |
Restricted Stock Units | The following table summarizes share information about RSUs for the years ended December 31, 2023 and 2022:
|  | Number of Shares |  |  | Wgtd. Avg. Grant Date Fair Value |
Year Ended December 31, 2023 |  |  |  |  |  |
Outstanding at December 31, 2022 |  |  | 112,591 |  |  | $ | 19.15 |
Shares granted |  |  | 163,311 |  |  |  | 29.76 |
Shares vested |  |  | (57,354 | ) |  |  | 19.48 |
Shares forfeited |  |  | (7,087 | ) |  |  | 27.34 |
End of the period balance |  |  | 211,461 |  |  | $ | 26.98 |
|  | Number of Shares |  |  | Wgtd. Avg. Grant Date Fair Value |
Year Ended December 31, 2022 |  |  |  |  |  |
Outstanding at December 31, 2021 |  |  | 172,993 |  |  | $ | 19.02 |
Shares granted |  |  | 3,000 |  |  |  | 22.66 |
Shares vested |  |  | (61,902 | ) |  |  | 18.88 |
Shares forfeited |  |  | (1,500 | ) |  |  | 22.13 |
End of the period balance |  |  | 112,591 |  |  | $ | 19.15 |

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