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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Restricted Stock Awards

A summary of the Company’s restricted stock awards for the year ended December 31, 2021 follows:

 

 

Number of Shares

 

 

Weighted Average Grant Date Fair Value

 

 

Aggregate Grant Date Fair value

(in thousands)

 

Balance at December 31, 2020

 

 

55,762

 

 

$

9.42

 

 

$

525

 

Granted

 

 

53,489

 

 

 

11.84

 

 

$

633

 

Vested

 

 

(26,718

)

 

 

11.76

 

 

 

(314

)

Forfeited

 

 

(26,250

)

 

 

9.01

 

 

 

(237

)

Balance at December 31, 2021

 

 

56,283

 

 

$

10.80

 

 

$

608

 

Information About Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable at December 31, 2021:

 

 

Number of

Shares

Outstanding

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Grant Date

Fair Value

 

 

Weighted

Average

Remaining

Term

(in years)

 

 

Aggregate Intrinsic

Value

(in thousands)

 

Option Balances at December 31, 2020

 

 

58,050

 

 

$

8.56

 

 

$

2.37

 

 

 

2.5

 

 

$

236

 

Options Granted

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Options Exercised

 

 

(33,050

)

 

 

5.41

 

 

 

1.12

 

 

 

-

 

 

 

-

 

Options Forfeited

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Option Balances at December 31, 2021

 

 

25,000

 

 

$

12.72

 

 

$

4.02

 

 

 

2.8

 

 

-

 

Options Exercisable at December 31, 2021

 

 

15,000

 

 

$

12.72

 

 

$

4.02

 

 

 

2.8

 

 

-