XML 14 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
The following table presents certain information regarding compensation paid and certain financial performance measures in each of the last three years ended December 31, 2024, for the CEO and other NEOs as a group, as disclosed in the Summary Compensation table above.
YearSummary compensation table total for CEO ($)Compensation actually paid to CEO ($)(1)Average summary compensation table total for non-CEO NEOs ($)Average compensation actually paid to non-CEO NEOs ($)(2)Value of initial
fixed $100 investment based on total shareholder return ($)		Net income
(in thousands)($)
2024870,098 911,433 351,301 377,134 119 13,889 
2023734,892 706,872 457,794 441,732 127 18,167 
2022755,512 729,259 464,198 478,958 131 22,238 
(1)In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to total reported compensation for each year to determine the compensation actually paid:
Equity Award Adjustments
YearSummary compensation table total for CEO ($)Reported change in
pension value ($)		Reported Value of Granted Equity Awards ($)Year end fair value of outstanding and unvested equity awards granted in the year ($)Change in fair value of outstanding and unvested equity awards granted in prior years ($)Change in fair value of equity awards granted in prior years that vested in the year ($)Compensation actually paid to CEO ($)
2024870,098 — (40,000)53,357 27,856 122 911,433 
2023734,892 — — — (28,020)— 706,872 
2022755,512 — (89,600)84,201 (20,854)— 729,259 
(2)In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for each year to determine the compensation actually paid:
Equity Award Adjustments
YearAverage summary compensation table total
for non-CEO NEOs ($)		Reported change in
pension value ($)		Reported Value of Granted Equity Awards ($)Year end fair value of outstanding and unvested equity awards granted in the year ($)Change in fair value of outstanding and unvested equity awards granted in prior years ($)Change in fair value of equity awards granted in prior years that vested in the year ($)Average compensation actually paid to non-CEO NEOs ($)
2024351,301 — (18,010)24,015 20,780 (952)377,134 
2023457,794 (3,000)— — (13,062)— 441,732 
2022464,198 27,000 (42,095)39,551 (9,696)— 478,958 
    
PEO Total Compensation Amount $ 870,098 $ 734,892 $ 755,512
PEO Actually Paid Compensation Amount [1] $ 911,433 706,872 729,259
Adjustment To PEO Compensation, Footnote In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to total reported compensation for each year to determine the compensation actually paid:
Equity Award Adjustments
YearSummary compensation table total for CEO ($)Reported change in
pension value ($)		Reported Value of Granted Equity Awards ($)Year end fair value of outstanding and unvested equity awards granted in the year ($)Change in fair value of outstanding and unvested equity awards granted in prior years ($)Change in fair value of equity awards granted in prior years that vested in the year ($)Compensation actually paid to CEO ($)
2024870,098 — (40,000)53,357 27,856 122 911,433 
2023734,892 — — — (28,020)— 706,872 
2022755,512 — (89,600)84,201 (20,854)— 729,259 
    
Non-PEO NEO Average Total Compensation Amount $ 351,301 457,794 464,198
Non-PEO NEO Average Compensation Actually Paid Amount [2] $ 377,134 441,732 478,958
Adjustment to Non-PEO NEO Compensation Footnote In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for each year to determine the compensation actually paid:
Equity Award Adjustments
YearAverage summary compensation table total
for non-CEO NEOs ($)		Reported change in
pension value ($)		Reported Value of Granted Equity Awards ($)Year end fair value of outstanding and unvested equity awards granted in the year ($)Change in fair value of outstanding and unvested equity awards granted in prior years ($)Change in fair value of equity awards granted in prior years that vested in the year ($)Average compensation actually paid to non-CEO NEOs ($)
2024351,301 — (18,010)24,015 20,780 (952)377,134 
2023457,794 (3,000)— — (13,062)— 441,732 
2022464,198 27,000 (42,095)39,551 (9,696)— 478,958 
    
Compensation Actually Paid vs. Total Shareholder Return
Relationship Between CEO and Other NEO Compensation Actually Paid and Total Shareholder Return
The following graph illustrates the relationship during 2022-2024 between compensation actually paid to our CEO and average compensation actually paid to other NEOs as a group and total shareholder return (“TSR”):
14416
    
Compensation Actually Paid vs. Net Income
Relationship Between CEO and Other NEO Compensation Actually Paid and Net Income
The following graph illustrates the relationship during 2022-2024 between compensation actually paid to our CEO and average compensation actually paid to other NEOs as a group and net income (in thousands):
14620
    
Total Shareholder Return Amount $ 119 127 131
Net Income (Loss) 13,889,000 18,167,000 22,238,000
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (40,000) 0 (89,600)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 53,357 0 84,201
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 27,856 (28,020) (20,854)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 122 0 0
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 (3,000) 27,000
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (18,010) 0 (42,095)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 24,015 0 39,551
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 20,780 (13,062) (9,696)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (952) $ 0 $ 0
[1] In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to total reported compensation for each year to determine the compensation actually paid:
Equity Award Adjustments
YearSummary compensation table total for CEO ($)Reported change in
pension value ($)		Reported Value of Granted Equity Awards ($)Year end fair value of outstanding and unvested equity awards granted in the year ($)Change in fair value of outstanding and unvested equity awards granted in prior years ($)Change in fair value of equity awards granted in prior years that vested in the year ($)Compensation actually paid to CEO ($)
2024870,098 — (40,000)53,357 27,856 122 911,433 
2023734,892 — — — (28,020)— 706,872 
2022755,512 — (89,600)84,201 (20,854)— 729,259 
[2] In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for each year to determine the compensation actually paid:
Equity Award Adjustments
YearAverage summary compensation table total
for non-CEO NEOs ($)		Reported change in
pension value ($)		Reported Value of Granted Equity Awards ($)Year end fair value of outstanding and unvested equity awards granted in the year ($)Change in fair value of outstanding and unvested equity awards granted in prior years ($)Change in fair value of equity awards granted in prior years that vested in the year ($)Average compensation actually paid to non-CEO NEOs ($)
2024351,301 — (18,010)24,015 20,780 (952)377,134 
2023457,794 (3,000)— — (13,062)— 441,732 
2022464,198 27,000 (42,095)39,551 (9,696)— 478,958