STOCK- BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of activity in the stock option plan

A summary of stock option activity for the three months ended March 31, 2023 follows:

				Weighted
		Weighted		Average	Aggregate
		Average		Remaining	Intrinsic
		Exercise		Contractual	Value
	Shares	Price		Term	(in thousands)
Options outstanding, beginning of period	203,300	$	11.41	1.3	$	102
Expired	(12,000)
Exercised	(8,000)
Options outstanding, end of period	183,300	$	11.47	1.1	$	4
Exercisable at end of period	183,300	$	11.47	1.1464		4

Time Vested Restricted Stock

Schedule of activity in the restricted stock plan

A summary of time vested restricted stock awards for the three months ended March 31, 2023 follows:

		Weighted		Weighted
		Average		Average
		Grant-Date		Remaining
		Fair Value		Contractual
	Shares	Per Share		Term
Unvested restricted stock outstanding, beginning of period	68,700	$	14.24	2.4
Vested	(17,850)		15.12
Forfeited	(2,000)		15.43
Unvested restricted stock outstanding, end of period	48,850	$	13.87	2.3

Performance Based Restricted Stock Units

Schedule of activity in the restricted stock plan

A summary of performance-based restricted stock units (the “Units”) for the three months ended March 31, 2023 follows:

			Weighted	Weighted
			Average	Average
			Grant-Date	Remaining
			Fair Value	Contractual
	Shares		Per Share	Term
Unvested Units outstanding, beginning of period	153,960	$	13.02	3.6
Granted	—		—
Vested	—		—
Unvested Units outstanding, end of period	153,960	$	13.02	2.9