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Stock Awards (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock Option Activity

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

 

 

 

Nine Months Ended

 

 

 

September 30, 2025

 

 

September 30, 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

 

 

31,750

 

 

 

8.30

 

 

 

86,700

 

 

 

8.14

 

Expired

 

 

5,500

 

 

 

8.23

 

 

 

7,600

 

 

 

8.09

 

Forfeited

 

 

1,000

 

 

 

10.01

 

 

 

 

 

 

 

Options outstanding, end of period

 

 

230,000

 

 

 

11.00

 

 

 

317,600

 

 

 

10.26

 

Options exercisable, end of period

 

 

230,000

 

 

 

11.00

 

 

 

317,600

 

 

 

10.26

 

Restricted Stock Award Activity

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

 

 

 

Nine Months Ended

 

 

 

September 30, 2025

 

 

September 30, 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

 

 

63,519

 

 

 

13.06

 

 

 

55,300

 

 

 

10.41

 

Released from restriction

 

 

58,076

 

 

 

10.53

 

 

 

47,644

 

 

 

9.96

 

Forfeited

 

 

2,768

 

 

 

11.77

 

 

 

1,500

 

 

 

10.41

 

Unvested shares, end of period

 

 

95,274

 

 

$

11.95

 

 

 

92,599

 

 

$

10.29