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Stock Awards (Tables)
12 Months Ended
Dec. 31, 2024
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, 2024

 

 

December 31, 2023

 

 

 

Number of
Shares

 

 

Weighted-Average
Exercise
Price

 

 

Number of
Shares

 

 

Weighted-Average
Exercise
Price

 

Options:

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, beginning of year

 

 

411,900

 

 

$

9.77

 

 

 

419,650

 

 

$

9.79

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

136,050

 

 

 

8.19

 

 

 

500

 

 

 

8.00

 

Forfeited

 

 

7,600

 

 

 

8.09

 

 

 

7,250

 

 

 

10.82

 

Options outstanding, end of year

 

 

268,250

 

 

$

10.62

 

 

 

411,900

 

 

$

9.77

 

Options exercisable, end of year

 

 

268,250

 

 

$

10.62

 

 

 

411,900

 

 

$

9.77

 

 

Restricted Stock Award Activity

The following table summarizes the Company's restricted stock award activity for the periods presented.

 

 

 

Year Ended

 

 

 

December 31, 2024

 

 

December 31, 2023

 

 

 

Number of
Shares

 

 

Weighted-Average Grant-Date
Fair Value

 

 

Number of
Shares

 

 

Weighted-Average Grant-Date
Fair Value

 

Restricted stock awards:

 

 

 

 

 

 

 

 

 

 

 

 

Nonvested shares, beginning of year

 

 

86,443

 

 

$

10.03

 

 

 

71,348

 

 

$

10.51

 

Granted

 

 

55,300

 

 

 

10.41

 

 

 

57,300

 

 

 

9.85

 

Released from restriction

 

 

47,644

 

 

 

9.96

 

 

 

38,320

 

 

 

10.64

 

Forfeited

 

 

1,500

 

 

 

10.41

 

 

 

3,885

 

 

 

10.11

 

Nonvested shares, end of year

 

 

92,599

 

 

$

10.29

 

 

 

86,443

 

 

$

10.03