XML 67 R50.htm IDEA: XBRL DOCUMENT v3.24.1
STOCK COMPENSATION PLANS (Tables)
12 Months Ended
Dec. 31, 2023
STOCK COMPENSATION PLANS  
Schedule of company's stock incentive plan

YEAR ENDED DECEMBER 31, 

2023

2022

2021

    

    

WEIGHTED

    

    

WEIGHTED

    

    

WEIGHTED

AVERAGE

AVERAGE

AVERAGE

SHARES

EXERCISE PRICE

SHARES

EXERCISE PRICE

SHARES

EXERCISE PRICE

Outstanding at beginning of year

323,786

$

3.52

369,047

$

3.47

230,913

$

3.14

Granted

 

 

160,000

3.84

Exercised

 

(29,653)

3.19

(36,117)

2.96

 

(21,356)

2.68

Forfeited

 

(49,133)

3.17

(9,144)

3.62

 

(510)

3.23

Outstanding at end of year

 

245,000

3.64

323,786

3.52

 

369,047

3.47

Exercisable at end of year

 

200,002

3.59

223,784

3.38

 

206,713

3.18

Weighted average fair value of options granted in current year

 

  

$

  

$

 

  

$

1.78

Schedule of fair value assumptions of each option grant

YEAR ENDED DECEMBER 31, 

PRICING MODEL ASSUMPTION RANGES

    

2021

    

Risk-free interest rate

    

1.27 - 1.42

%  

Expected lives in years

 

10

 

Expected volatility

 

40.38 - 45.03

%  

Expected dividend rate

 

2.60 - 2.61

%