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Stock Awards (Tables)
12 Months Ended
Dec. 31, 2023
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, 2023

 

 

December 31, 2022

 

 

 

Number of
Shares

 

 

Average
Exercise
Price

 

 

Number of
Shares

 

 

Average
Exercise
Price

 

Options:

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, beginning of year

 

 

419,650

 

 

$

9.79

 

 

 

420,250

 

 

$

9.79

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

500

 

 

 

8.00

 

 

 

 

 

 

 

Forfeited

 

 

7,250

 

 

 

10.82

 

 

 

600

 

 

 

10.86

 

Options outstanding, end of year

 

 

411,900

 

 

$

9.77

 

 

 

419,650

 

 

$

9.79

 

Options exercisable, end of year

 

 

411,900

 

 

$

9.77

 

 

 

416,249

 

 

$

9.77