During the six-month period ended June 30, 2024, no stock options were granted. As of June 30, 2024, there was $171,000 of total unrecognized compensation cost related to non-vested options granted in 2024 and 2023 under the 2014 Equity Incentive Plan, which will be fully amortized by December 31, 2024. Compensation costs related to stock options amounted to $175,000 and $191,000 during the six-month periods ended June 30, 2024 and 2023, respectively.

A summary of the Company’s stock option activity for the six-month period ended June 30, 2024 is as follows:



		Weighted
		Average Exercise		Weighted Average		Aggregate
		Price		Remaining		Intrinsic Value
	Options	Per Share		Contractual Term		($000)
Outstanding at January 1, 2024	215,725	$	29.81	6.9	Yrs.	$	759
Granted	—		-	-
Exercised	—		-	-
Forfeited	(1,500)		36.02	5.7
Outstanding at June 30, 2024	214,225	$	30.62	6.4	Yrs.	$	100
Exercisable at June 30, 2024	175,725	$	30.83	5.7	Yrs.	$	100

Intrinsic value represents the amount by which the market price of the stock on the measurement date exceeded the exercise price of the option. The market price was $25.38 per share as of June 30, 2024 and $32.91 per share as of December 31, 2023.

A summary of the Company’s restricted stock activity for the six-month periods ended June 30, 2024 and 2023 is as follows:



	2024			2023
		Weighted-Average				Weighted-Average
	Number of	Grant Date		Number of	Grant Date
	Restricted Stock	Fair Value		Restricted Stock	Fair Value
Non-vested, January 1,	45,966	$	29.90	44,460	$	30.12
Granted	1,004		24.90	—		—
Vested	(1,200)		25.71	(3,000)		25.71
Forfeited	—		—	—		—
Non-vested, June 30,	45,770	$	29.35	41,460	$	30.44

The expected future compensation expense relating to the 45,770 shares of non-vested restricted stock outstanding as of June 30, 2024 is $1,174,000. This cost will be recognized over the remaining vesting period of 4.5 years. Compensation costs related to restricted stock amounted to $207,000 and $224,000 during the six-month periods ended June 30, 2024 and 2023, respectively.