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Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2023

Share-Based Compensation [Abstract]

Schedule of Fair Value of Options Granted Assumptions

	2023
Vesting period (years)		5
Expiration date (years)		10
Expected volatility		36.56%
Expected life (years)		7.5
Expected dividend yield		1.67%
Risk free interest rate		3.45%
Fair value per option	$	3.58

Schedule of Stock Option Grants Activity

	Stock Option Awards			Weighted Average Exercise Price			Weighted Average Remaining Contractual Term (years)			Aggregate Intrinsic Value
Outstanding at December 31, 2022		1,467,876		$	11.00
Granted		158,100			9.55
Forfeited		(47,700)			14.56
Expired		(150,448)			11.67
Exercised		(225,565)			8.61
Outstanding at June 30, 2023		1,202,263		$	10.37			6.55		$	—
Outstanding and expected to vest at June 30, 2023		1,202,263		$	10.37			6.55		$	—
Vested and Exercisable at June 30, 2023		637,027		$	11.03			5.02		$	—
Unrecognized compensation cost	$	1,977,000
Weighted average remaining recognition period (years)		3.33

Schedule of Activity in Restricted Stock Awards Under the Equity Plan

	Unvested Restricted Stock Awards			Weighted Average Grant Date Price
Unvested restricted stock awards at December 31, 2022		192,748		$	13.16
Granted		29,515			9.55
Forfeited		(19,094)			14.56
Vested		(15,594)			15.59
Unvested restricted stock awards at June 30, 2023		187,575		$	12.25
Unrecognized compensation cost	$	1,956,000
Weighted average remaining recognition period (years)		3.15

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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-Name Accounting Standards Codification
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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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