STOCK- BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of activity in the stock option plan

A summary of stock option activity for the nine months ended September 30, 2024 follows:

				Weighted
		Weighted		Average	Aggregate
		Average		Remaining	Intrinsic
		Exercise		Contractual	Value
	Shares	Price		Term	(in thousands)
Options outstanding, beginning of period	54,800	$	11.49	1.7	$	64
Exercised	(19,000)
Options outstanding, end of period	35,800	$	11.73	1.2		16
Exercisable at end of period	35,800		11.73	1.2		16

Time Vested Restricted Stock

Schedule of activity in the restricted stock plan

A summary of time vested restricted stock awards for the nine months ended September 30, 2024 follows:

		Weighted		Weighted
		Average		Average
		Grant-Date		Remaining
		Fair Value		Contractual
	Shares	Per Share		Term
Unvested restricted stock outstanding, beginning of period	40,300	$	13.59	2.3
Vested	(16,800)		14.70
Forfeited	(1,000)		9.79
Unvested restricted stock outstanding, end of period	22,500	$	12.93	2.2

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 nine months ended September 30, 2024 follows:

			Weighted	Weighted
			Average	Average
			Grant-Date	Remaining
			Fair Value	Contractual
	Shares		Per Share	Term
Unvested Units outstanding, beginning of period	244,710	$	11.77	3.1
Vested	(11,916)		12.24
Forfeited	(9,334)		10.67
Unvested Units outstanding, end of period	223,460		11.81	2.3