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Restricted Stock Plan (Notes)
6 Months Ended
Jun. 30, 2022
Share-based Payment Arrangement [Abstract]  
Share-based Payment Arrangement [Text Block] Restricted Stock Plan
We adopted the RSP, an equity-based bonus plan, in 2020. Under the RSP, we may award restricted stock bonuses to eligible employees on an annual basis that are not fully transferable or vested until certain conditions are met. Currently, the eligible employees are the Bank's CEO, President, and CFO. The RSP authorizes the issuance of unvested restricted stock to an eligible employee with a maximum award ranging from 25% to 40% of the employee’s annual salary, on a calendar year basis. The employee must also satisfy the annual performance targets and measures established by the Board of Directors. If these grant conditions are not satisfied, then the award of restricted shares will lapse or be adjusted appropriately, at the discretion of the Board of Directors. All Grant Agreements contain vesting conditions and clawback provisions.
A summary of changes in nonvested restricted stock awards is as follows for the:
Three Months Ended 
 June 30, 2022
Three Months Ended 
 June 30, 2021
Number
of Shares
Fair
Value
Number
of Shares
Fair
Value
April 1, 202226,846 $592 4,658 $82 
Granted3,362 87 11,599 252 
Vested— — — — 
Forfeited— — — — 
June 30, 202230,208 $679 16,257 $334 
Six Months Ended 
 June 30, 2022
Six Months Ended 
 June 30, 2021
Number
of Shares
Fair
Value
Number
of Shares
Fair
Value
January 1, 202220,123 $418 4,658 $82 
Granted10,085 261 11,599 252 
Vested— — — — 
Forfeited— — — — 
June 30, 202230,208 $679 16,257 $334 
Expense related to RSP awards were $77 and $25 for the six-month periods ended June 30, 2022 and 2021. As of June 30, 2022, there was $463 of total remaining unrecognized compensation expense related to nonvested restricted stock awards granted under the RSP. The remaining expense is expected to be recognized over a weighted-average service period of 2.85 years.