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Stock Awards (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Stock Option Activity

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

 

 

 

Three Months Ended

 

 

 

March 31, 2025

 

 

March 31, 2024

 

 

 

Number of
Shares

 

 

Weighted-Average
Exercise
Price

 

 

Number of
Shares

 

 

Weighted-Average
Exercise
Price

 

Options:

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, beginning of period

 

 

268,250

 

 

$

10.62

 

 

 

411,900

 

 

$

9.77

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

20,750

 

 

 

8.30

 

 

 

8,750

 

 

 

8.09

 

Expired

 

 

5,500

 

 

 

8.23

 

 

 

500

 

 

 

8.00

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding, end of period

 

 

242,000

 

 

$

10.88

 

 

 

402,650

 

 

$

9.81

 

Options exercisable, end of period

 

 

242,000

 

 

$

10.88

 

 

 

402,650

 

 

$

9.81

 

Restricted Stock Award Activity

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

 

 

 

Three Months Ended

 

 

 

March 31, 2025

 

 

March 31, 2024

 

 

 

Number of
Shares

 

 

Weighted-Average Grant-Date
Fair Value

 

 

Number of
Shares

 

 

Weighted-Average Grant-Date
Fair Value

 

Restricted stock awards:

 

 

 

 

 

 

 

 

 

 

 

 

Unvested shares, beginning of period

 

 

92,599

 

 

$

10.29

 

 

 

86,443

 

 

$

10.03

 

Granted

 

 

49,400

 

 

 

13.15

 

 

 

55,300

 

 

 

10.41

 

Released from restriction

 

 

50,075

 

 

 

10.37

 

 

 

45,977

 

 

 

9.94

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Unvested shares, end of period

 

 

91,924

 

 

$

11.78

 

 

 

95,766

 

 

$

10.30