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Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Summary of Stock Option Activity he following table summarizes stock option activity for the periods indicated:
Three Months Ended March 31,
 20222021
 OptionsWeighted Average Exercise
Price
Aggregate Intrinsic Value (in thousands) (1)OptionsWeighted Average Exercise
Price
Aggregate Intrinsic Value (in thousands) (1)
Outstanding, January 1,— $— 311 $12.60 
Granted— — — — 
Exercised— — (311)12.60 
Expired— — — — 
Outstanding, March 31,— — $— — — $— 
Exercisable, March 31,— — $— — — $— 
(1) Aggregate Intrinsic Value is defined as the amount by which the current market value of the underlying stock exceeds the exercise price of the option.
Summary of Restricted Stock Awards Activity
Restricted stock awards granted under the 2015 Plan were as follows:
20222021
  
 
Shares
Weighted Average Grant Date Fair Value 
 
Shares
Weighted Average Grant Date Fair Value
Outstanding, January 1,44,512 $17.08 28,596 $17.42 
Granted32,554 19.25 26,321 16.85 
Vested(17,229)17.98 (8,817)17.55 
Forfeited— — (122)16.87 
Outstanding, March 31,59,837 $18.00 45,978 $17.07 
Schedule of Information Related to Stock Options Exercised
The following table provides information related to stock options exercised during the periods indicated (in thousands):
Three Months Ended March 31,
 20222021
Intrinsic value of options exercised$— 
Cash received from options exercised— 
Tax benefit realized from options exercised— — 
Share-based Payment Arrangement, Expensed and Capitalized, Amount
The following table presents expense recorded in salaries and employee benefits for restricted stock awards and the related tax information for the three months ended March 31, 2022 and 2021 (in thousands):
 Three Months Ended 
March 31,
20222021
Restricted stock expense$197 93 
Tax effect41 20