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Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]

 

Time-Based

RSU's

 

Targeted

Performance-Based

RSU's

 

Closing

Stock

Price

 

Vesting

Date

 

 

 

 

 

 

 

 

Balance at December 31, 2021

9,440

 

13,270

 

 

 

 

 

Forfeited

(1,685)

 

(4,325)

 

 

 

 

 

Exercised

(4,391)

 

(4,244)

 

$

17.18

 

12/31/2022

Balance at December 31, 2022

3,364

 

4,701

 

 

 

 

 

Forfeited

-

 

-

 

 

 

 

 

Exercised

-

 

-

 

 

 

 

 

Balance at June 30, 2023

3,364

 

4,701

 

 

 

 

 

Share-Based Compensation Arrangements by Share-Based Payment Award, Restricted Stock Units, Vested and Expected to Vest [Table Text Block]

 

 

 

Closing

Stock

Price

 

Vesting

Date

 

 

 

 

 

Options

 

 

Balance at December 31, 2021

-

 

 

 

 

 

Issued

40,577

 

$

21.20

 

4/11/2023

Issued

40,583

 

$

21.20

 

4/11/2024

Issued

40,583

 

$

21.20

 

4/11/2025

Balance at December 31, 2022

121,743

 

 

 

 

 

Issued

51,431

 

$

14.70

 

3/31/2024

Issued

51,431

 

$

14.70

 

3/31/2025

Issued

51,432

 

$

14.70

 

3/31/2026

Balance at June 30, 2023

276,037

 

 

 

 

 

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

2023 Grants

2022 Grants

Exercise Price

$

14.70

 

$

21.20

Risk-Free Rate of Interest

2.957%

1.515%

Expected Term (Years)

 

10

 

 

10

Expected Stock Price Volatility

20.7%

18.1%

Dividend Yield

 

2.83%

 

 

2.44%

Share-Based Payment Arrangement, Option, Activity [Table Text Block]

Number of

Shares

Weighted

Average

Exercise Price

Weighted

Average

Remaining

Term (Years)

Aggregate

Intrinsic

Value

(in Thousands)

Outstanding as of December 31, 2021

-

$

-

-

$

-

  Granted

121,743

21.20

9.00

-

  Forfeited

-

-

-

-

Outstanding as of December 31, 2022

121,743

$

21.20

9.00

$

-

  Granted

154,294

14.70

9.75

-

  Forfeited

-

-

-

-

Outstanding as of June 2023

276,037

$

17.57

9.42

$

-