Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2023

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
Year Ended December 31, 2023
Outstanding at December 31, 2022		251,550		$	17.52
Options Granted		-			-
Options Exercised		(28,423	)		17.71
Options Forfeited		(2,188	)		15.15
Outstanding at December 31, 2023		220,939			17.52		5.64		$	2,172,070
Exercisable at December 31, 2023		173,684			18.04		5.27		$	1,616,278

	Options			Wgtd. Avg. Exercise Price		Wgtd. Avg. Remaining Contractual Term		Aggregate Intrinsic Value
Year Ended December 31, 2022
Outstanding at December 31, 2021		264,000		$	17.41
Options Granted		5,000			23.87
Options Exercised		(17,450	)		17.73
Options Forfeited		-			-
Outstanding at December 31, 2022		251,550			17.52		6.64		$	2,032,509
Exercisable at December 31, 2022		170,485			18.39		6.05		$	1,229,200

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 year ended December 31, 2022, there were no options granted during the year ended December 2023:

	For the Year Ended December 31, 2022
Risk-free interest rate		3.47	%
Dividend yield		1.96	%
Stock price volatility		34.92	%
Expected term		7.01

Restricted Stock Units

The following table summarizes share information about RSUs for the years ended December 31, 2023 and 2022:

	Number of Shares			Wgtd. Avg. Grant Date Fair Value
Year Ended December 31, 2023
Outstanding at December 31, 2022		112,591		$	19.15
Shares granted		163,311			29.76
Shares vested		(57,354	)		19.48
Shares forfeited		(7,087	)		27.34
End of the period balance		211,461		$	26.98

	Number of Shares			Wgtd. Avg. Grant Date Fair Value
Year Ended December 31, 2022
Outstanding at December 31, 2021		172,993		$	19.02
Shares granted		3,000			22.66
Shares vested		(61,902	)		18.88
Shares forfeited		(1,500	)		22.13
End of the period balance		112,591		$	19.15