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Stock Awards (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Stock Option Activity

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

 

 

 

Year Ended

 

 

 

December 31, 2022

 

 

December 31, 2021

 

 

 

Number of
Shares

 

 

Average
Exercise
Price

 

 

Number of
Shares

 

 

Average
Exercise
Price

 

Options:

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, beginning of year

 

 

420,250

 

 

$

9.79

 

 

 

421,000

 

 

$

9.79

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

750

 

 

 

8.23

 

Forfeited

 

 

600

 

 

 

10.86

 

 

 

 

 

 

 

Options outstanding, end of year

 

 

419,650

 

 

$

9.79

 

 

 

420,250

 

 

$

9.79

 

Options exercisable, end of year

 

 

416,249

 

 

$

9.77

 

 

 

395,678

 

 

$

9.74