XML 55 R40.htm IDEA: XBRL DOCUMENT v3.22.4
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of RSA activity

The following table presents time-based RSA and PSA activity as of the dates and for the periods stated.

 

 

 

Time-based RSAs

 

 

PSAs

 

 

 

Shares

 

 

Weighted Average Fair Value

 

 

Shares

 

 

Weighted Average Fair Value

 

Shares unvested and outstanding, December 31, 2020

 

 

148,600

 

 

$

10.70

 

 

 

 

 

$

 

Granted

 

 

174,634

 

 

 

17.35

 

 

 

 

 

 

 

Vested

 

 

(85,037

)

 

 

12.28

 

 

 

 

 

 

 

Forfeited

 

 

(20,013

)

 

 

13.45

 

 

 

 

 

 

 

Shares unvested and outstanding, December 31, 2021

 

 

218,184

 

 

$

15.31

 

 

 

 

 

$

 

Granted

 

 

115,886

 

 

 

15.06

 

 

 

94,783

 

 

 

14.91

 

Vested

 

 

(87,677

)

 

 

15.40

 

 

 

 

 

 

 

Forfeited

 

 

(27,737

)

 

 

14.25

 

 

 

(2,478

)

 

 

14.91

 

Shares unvested and outstanding, December 31, 2022

 

 

218,656

 

 

$

15.27

 

 

 

92,305

 

 

 

14.91

 

Summary of Stock Option Activity

The following table presents stock option activity as of the dates and for the periods presented.

 

 

 

Shares

 

 

Weighted Average Exercise Price

 

 

Weighted
Average
Remaining
Contractual
Life (in years)

 

 

Aggregate Intrinsic
Value (1)

 

Options outstanding and exercisable, December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Assumed in Bay Banks Merger

 

 

148,758

 

 

 

9.89

 

 

5.47

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(808

)

 

 

13.80

 

 

 

 

 

 

 

Exercised

 

 

(89,786

)

 

 

9.99

 

 

 

 

 

 

 

Expired

 

 

(557

)

 

 

6.47

 

 

 

 

 

 

 

Options outstanding and exercisable, December 31, 2021

 

 

57,607

 

 

 

11.75

 

 

 

6.18

 

 

$

354,269

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(1,183

)

 

 

11.88

 

 

 

 

 

 

 

Expired

 

 

(3,750

)

 

 

12.30

 

 

 

 

 

 

 

Options outstanding and exercisable, December 31, 2022

 

 

52,674

 

 

$

11.71

 

 

 

5.13

 

 

$

66,754