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Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2021
Share Based Compensation Arrangement By Share Based Payment Award Additional General Disclosures [Abstract]  
Summary of Stock Option Activity

A summary of the Company’s stock option activity is summarized below.

 

Stock Options

 

Option Shares Outstanding

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Life (Years)

 

 

Aggregate Intrinsic Value (in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Outstanding - December 31, 2020

 

 

321,516

 

 

$

9.77

 

 

 

 

 

 

 

 Granted

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Exercise of stock options*

 

 

—

 

 

 —

 

 

 

 

 

 

 

 Forfeited

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 Outstanding - March 31, 2021

 

 

321,516

 

 

$

9.77

 

 

 

8.20

 

 

$

464

 

 Exercisable - March 31, 2021

 

 

38,186

 

 

$

11.14

 

 

 

8.00

 

 

$

—

 

 Granted

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Exercise of stock options*

 

 

—

 

 

 —

 

 

 

 

 

 

 

 Forfeited

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 Outstanding - June 30, 2021

 

 

321,516

 

 

$

9.77

 

 

 

7.95

 

 

$

521

 

 Exercisable - June 30, 2021

 

 

102,489

 

 

$

10.28

 

 

 

8.08

 

 

$

104

 

 Granted

 

 

13,454

 

 

$

13.09

 

 

 

 

 

 

 

Exercise of stock options*

 

 

 

 

 —

 

 

 

 

 

 

 

 Forfeited

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 Outstanding - September 30, 2021

 

 

334,970

 

 

$

9.90

 

 

 

8.05

 

 

$

842

 

 Exercisable - September 30, 2021

 

 

102,489

 

 

$

10.28

 

 

 

7.83

 

 

$

216

 

 

* The terms of the stock option agreements permit having a number of shares of stock withheld, the fair market value of which as of the date of exercise is sufficient to satisfy the exercise price and/or tax withholding requirements.

Summary of Restricted Stock Activity A summary of the Company’s restricted stock activity is summarized below.

 

Restricted Stock

 

 

 

 

 

Weighted Average Grant Date Fair Value

 

 

 

Restricted Shares Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 Outstanding - December 31, 2020

 

 

 

 

 

$

8.63

 

 

 

 

120,123

 

 Granted

 

 

 

 

 

 

—

 

 

 

 

—

 

Vested*

 

 

 

 

 

 

—

 

 

 

 

—

 

 Forfeited

 

 

 

 

 

 

—

 

 

 

 

—

 

 Outstanding - March 31, 2021

 

 

 

 

 

$

8.63

 

 

 

 

120,123

 

 Granted

 

 

 

 

 

$

—

 

 

 

 

—

 

Vested*

 

 

 

 

 

 

8.63

 

 

 

 

26,787

 

 Forfeited

 

 

 

 

 

 

—

 

 

 

 

—

 

 Outstanding - June 30, 2021

 

 

 

 

 

$

8.63

 

 

 

 

93,336

 

 Granted

 

 

 

 

 

$

—

 

 

 

 

—

 

Vested*

 

 

 

 

 

 

—

 

 

—

 

 

—

 

 Forfeited

 

 

 

 

 

 

—

 

 

 

 

—

 

 Outstanding - September 30, 2021

 

 

 

 

 

$

8.63

 

 

 

 

93,336

 

 

* The terms of the restricted stock agreements permit the surrender of shares to the Company upon vesting in order to satisfy applicable tax withholding requirements at the minimum statutory withholding rate, and accordingly, 2,641 shares were surrendered during the three months ended June 30, 2021.