Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2021

Employee Benefits [Abstract]

Stock Options Activity

The following table is a summary of the stock option activity under the Bank7 Corp. 2018 Equity Incentive Plan (dollar amounts in thousands, except per share data):

	Options			Wgtd. Avg. Exercise Price		Wgtd. Avg. Remaining Contractual Term		Aggregate Intrinsic Value
Twelve Months Ended December 31, 2021
Outstanding at December 31, 2020		185,250		$	18.73
Options Granted		80,500			14.31
Options Exercised		-			-
Options Forfeited		(1,750	)		14.31
Outstanding at December 31, 2021		264,000			17.41		7.56	$	1,474,840
Exercisable at December 31, 2021		121,932		$	18.82		6.82	$	509,257
Twelve Months Ended December 31, 2020
Outstanding at December 31, 2019		163,000		$	18.75
Options Granted		26,500			18.49
Options Exercised		-			-
Options Forfeited		(4,250	)		17.73
Outstanding at December 31, 2020		185,250			18.73		7.94	$	0
Exercisable at December 31, 2020		75,625		$	18.88		7.75	$	0

Assumptions Used for Computing Stock-Based Compensation Expense under Fair Value Method

The following table shows the assumptions used for computing stock-based compensation expense under the fair value method on options granted during the period presented:

	For the Year Ended
	December 31, 2021			December 31, 2020
Risk-free interest rate		0.52	%		1.71	%
Dividend yield		2.89	%		2.20	%
Stock price volatility		66.67	%		41.27	%
Expected term		6.41			7.51
Weighted average grant date fair value	$	6.79		$	6.55

Restricted Stock Units

The following table summarizes share information about RSUs for the years ended December 31, 2021 and 2020:

	Number of Shares			Wgtd. Avg. Grant Date Fair Value
Twelve Months Ended December 31, 2021
Outstanding at December 31, 2020		118,000		$	18.09
Shares granted		90,575			19.95
Shares vested		(35,582	)		18.30
Shares forfeited		-			-
End of the period balance		172,993		$	19.02
Twelve Months Ended December 31, 2020
Outstanding at December 31, 2019		104,000		$	19.09
Shares granted		41,000			16.19
Shares vested		(26,000	)		19.09
Shares forfeited		(1,000	)		18.49
End of the period balance		118,000		$	18.09