Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Compensation Arrangement by Share-Based Payment Award, Additional General Disclosures [Abstract]

Summary of Stock Option Activity

A summary of the Company’s stock option activity is summarized below.

Stock Options	Option Shares Outstanding		Weighted Average Exercise Price		Weighted Average Remaining Life (Years)		Aggregate Intrinsic Value (in thousands)
Outstanding - December 31, 2023		640,766	$	12.58		7.75	$	1,419
Outstanding - March 31, 2024		640,766		12.58		7.51		2,476
Outstanding - June 30, 2024		640,766		12.58		7.26		3,517
Outstanding - September 30, 2024		640,766	$	12.58		7.00	$	5,596
Exercisable - September 30, 2024		336,895	$	11.30		5.97	$	3,372

Summary of Restricted Stock Activity

A summary of the Company’s restricted stock activity is summarized below.

Restricted Stock	Restricted Shares Outstanding			Weighted Average Grant Date Fair Value
Outstanding - December 31, 2023		166,591		$	13.46
Vested		(3,467	)
Outstanding - March 31, 2024		163,124			13.44
Vested		(27,174	)
Outstanding - June 30, 2024		135,950			14.06
Vested *		(20,867	)
Outstanding September 30, 2024		115,083		$	13.92

* The terms of the restricted stock agreements permit the surrender of shares to the Company upon vesting in order to satisfy applicable tax withholding requirements at the minimum statutory withholding rate, and accordingly, 4,198 shares were surrendered during the three and nine months ended September 30, 2024.