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Stock Awards (Tables)
9 Months Ended
Sep. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Fair Value Assumptions The fair value of outstanding awards was determined using the Black-Scholes option pricing model based on the assumptions noted in the table below. Expected volatilities are based on historical volatilities of the Company’s common stock. The Company did not grant any stock option awards during the nine months ended September 30, 2021.
Stock Option Activity

The following table summarizes the Company’s stock option activity for the periods presented.

 

 

 

Nine Months Ended

 

 

 

September 30, 2021

 

 

September 30, 2020

 

 

 

Number of

Shares

 

 

Average

Exercise

Price

 

 

Number of

Shares

 

 

Average

Exercise

Price

 

Options:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, beginning of period

 

 

421,000

 

 

$

9.79

 

 

 

412,800

 

 

$

9.72

 

Granted

 

 

 

 

 

 

 

 

10,200

 

 

 

11.95

 

Exercised

 

 

750

 

 

 

8.23

 

 

 

666

 

 

 

10.75

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

1,334

 

 

 

9.70

 

Options outstanding, end of period

 

 

420,250

 

 

$

9.79

 

 

 

421,000

 

 

$

9.79

 

Options exercisable, end of period

 

 

395,678

 

 

$

9.74

 

 

 

359,413

 

 

$

9.62