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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

PAY VERSUS PERFORMANCE

 

The following table provides information on total compensation and compensation actually paid to our principal executive officer (“PEO”) and to our remaining named executive officers (“NEOs”) for the fiscal years ended December 31, 2024 , 2023 and 2022 and the cumulative shareholder return on our common stock and our net income over the same time period.

 

Pay versus Performance Table

 

Year

  

Summary

Compensation

Table Total for

PEO(1)

   

Compensation

Actually Paid to

PEO(1)(2)

   

 

Average

Summary

Compensation

Table Total for

Non-PEO

NEOs(3)

   

Average

Compensation

Actually Paid to

Non-PEO

NEOs(3)(4)

   

Value of Initial

Fixed $100

Investment

Based on Total

Shareholder

Return

    

Net Income

(in thousands)

 
                                                 

2024

   $ 1,291,377     $ 1,281,970     $ 539,257     $ 494,786     $ 110.24     $ 6,966  

2023

   $ 593,468     $ 669,071     $ 399,527     $ 436,767     $ 131.26     $ 9,624  

2022

   $ 773,917     $ 807,184     $ 447,615     $ 465,254     $ 107.54     $ 16,797  

 

(1)

During 2024, 2023 and 2022, Scott C. Harvard was our PEO.
   
PEO Total Compensation Amount $ 1,291,377 $ 593,468 $ 773,917
PEO Actually Paid Compensation Amount $ 1,281,970 669,071 807,184
Adjustment To PEO Compensation, Footnote

(2)

The following table sets forth the adjustments made to arrive at compensation “actually paid” to our PEO during 2024:

 

 

Adjustments to determine compensation “actually paid” for PEO

  

2024

  

Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table

   $ (558,746 )

Increase for fair value of awards granted during year that remained unvested at year-end

     524,978  

Increase for fair value of awards granted during year that vested during year

     29,220  

Change in fair value from prior year-end to year-end of awards granted in a prior year that were outstanding and unvested at year-end

     2,013  

Change in fair value from prior year-end to vesting date of awards granted in a prior year that vested during year

     (6,873 )

Deduction for fair value of awards granted in a prior year that were forfeited during year

     -  

Increase based upon incremental fair value of awards modified during year

     -  

Increase based on dividends or other earnings paid during year prior to vesting

     -  

Total Adjustments

   $ (9,407 )
         

 

(3)

During 2024, 2023, and 2022, our remaining NEOs consisted of Dennis A. Dysart and M. Shane Bell.
   
Non-PEO NEO Average Total Compensation Amount $ 539,257 399,527 447,615
Non-PEO NEO Average Compensation Actually Paid Amount $ 494,786 436,767 465,254
Adjustment to Non-PEO NEO Compensation Footnote

(4)

The following table sets forth the adjustments made to arrive at average compensation “actually paid” to our remaining NEOs during 2024:

 

 

 

Adjustments to determine compensation “actually paid” for non-PEO NEOs

 

2024

  

Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table

   $ (203,836 )

Increase for fair value of awards granted during year that remained unvested at year-end

     172,109  

Increase for fair value of awards granted during year that vested during year

     15,010  

Change in fair value from prior year-end to year-end of awards granted in a prior year that were outstanding and unvested at year-end

     517  

Change in fair value from prior year-end to vesting date of awards granted in a prior year that vested during year

     (3,836 )

Deduction for fair value of awards granted in a prior year that were forfeited during year

     (24,435 )

Increase based upon incremental fair value of awards modified during year

     -  

Increase based on dividends or other earnings paid during year prior to vesting

     -  

Total Adjustments

   $ (44,471 )
         

 

    
Compensation Actually Paid vs. Total Shareholder Return

Relationship Between Compensation Actually Paid and Our TSR

 

The graph below shows the relationship between the compensation actually paid to our PEO and the average compensation actually paid to our non-PEO NEOs and our TSR.

 

image5.jpg

 

 

    
Compensation Actually Paid vs. Net Income

Relationship Between Compensation Actually Paid and Our Net Income

 

The graph below shows the relationship between the compensation actually paid to our PEO and the average compensation actually paid to our non-PEO NEOs and our net income.

 

image4.jpg

 

    
Total Shareholder Return Amount $ 110.24 131.26 107.54
Net Income (Loss) 6,966,000 $ 9,624,000 $ 16,797,000
PEO      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (9,407)    
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (558,746)    
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 524,978    
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 2,013    
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 29,220    
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 (6,873)    
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
PEO | Increase Based Upon Incremental Fair Value of Awards Modified During Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
Non-PEO NEO      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (44,471)    
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 (203,836)    
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 172,109    
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 517    
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 15,010    
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 (3,836)    
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (24,435)    
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
Non-PEO NEO | Increase Based Upon Incremental Fair Value of Awards Modified During Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 0