STOCK PLANS (Tables)

6 Months Ended

Jun. 30, 2024

STOCK PLANS [Abstract]

Stock Option Activity

The following table presents the activity related to stock options for the three months ended June 30, 2024.

	Number of Shares			Weighted Average Exercise Price		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Term (in years)
Options outstanding at Beginning of Period		622,751		$	8.52
Granted		—			—
Expired		—			—
Cancelled / Forfeited		—			—
Exercised		(30,358	)		8.42
Options outstanding at End of Period		592,393		$	8.52	$	419,016		4.37
Exercisable (vested) at End of Period		568,709		$	8.49	$	419,016		4.23

The following table presents the activity related to stock options for the six months ended June 30, 2024.

	Number of Shares			Weighted Average Exercise Price		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Term (in years)
Options outstanding at Beginning of Period		642,779		$	8.40
Granted		—			—
Expired		—			—
Cancelled / Forfeited		—			—
Exercised		(50,386	)		6.92
Options outstanding at End of Period		592,393		$	8.52	$	419,016		4.37
Exercisable (vested) at End of Period		568,709		$	8.49	$	419,016		4.23

Activity Related to Restricted Stock

The following table presents the activity related to non-vested restricted stock for the three months ended June 30, 2024.

	Number of Shares		Weighted Average Grant Date Fair Value			Aggregate Intrinsic Value	Weighted Average Remaining Contractual Term (in years)
Non-vested Restricted stock outstanding at Beginning of Period		289,558	$	8.52
Granted		4,470		8.95
Cancelled / Forfeited		—		—
Exercised/Released/Vested		—		—
Non-vested restricted stock outstanding at End of Period		294,028	$	8.53	$	2,660,953	2.78

The following table presents the activity related to non-vested restricted stock for the six months ended June 30, 2024.

	Number of Shares			Weighted Average Grant Date Fair Value			Aggregate Intrinsic Value	Weighted Average Remaining Contractual Term (in years)
Non-vested Restricted stock outstanding at Beginning of Period		274,268		$	8.72
Granted		84,046			8.33
Cancelled / Forfeited		(19,212	)		8.77
Exercised/Released/Vested		(45,074	)		9.21
Non-vested restricted stock outstanding at End of Period		294,028		$	8.53	$	2,660,953	2.78

Weighted Average Assumptions Used in Valuing ESPP

A summary of the weighted average assumptions used in valuing ESPP issuances during the three and six months ended June 30, 2024 is presented below.

	Three Months Ended June 30, 2024			Six Months Ended June 30, 2024
Risk Free Interest Rate		5.27	%		5.27	%
Expected Dividend Yield		0.00	%		0.00	%
Expected Life in Years		1.00			1.00
Expected Price Volatility		25.96	%		25.96	%