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Equity Incentive Plan (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Company's Restricted Stock

The following is a summary of the status of the Company’s restricted shares, and changes therein during the twelve months ended December 31, 2023:

 

 

 

December 31, 2023

 

 

 

Number of
Restricted
Shares

 

 

Weighted
Average
Grant Date
Fair Value

 

Nonvested at beginning of period

 

 

70,096

 

 

$

21.88

 

Granted

 

 

47,536

 

 

 

21.85

 

Vested

 

 

(30,222

)

 

 

21.62

 

Forfeited

 

 

(1,740

)

 

 

21.74

 

Nonvested at end of period

 

 

85,670

 

 

 

21.88

 

The following is a summary of the status of the Company’s awarded restricted shares as of December 31, 2023:

 

At December 31, 2023

 

Date of Award

 

Shares

 

 

Remaining Expense

 

 

Remaining Vesting Period (Years)

 

March 14, 2019

 

 

1,924

 

 

$

0

 

 

 

0.00

 

March 14, 2020

 

 

4,265

 

 

 

41

 

 

 

1.00

 

March 3, 2021

 

 

7,776

 

 

 

91

 

 

 

1.00

 

March 3, 2021

 

 

6,793

 

 

 

0

 

 

 

0.00

 

March 3, 2022

 

 

9,554

 

 

 

164

 

 

 

3.00

 

March 3, 2022

 

 

10,421

 

 

 

128

 

 

 

1.00

 

March 14, 2023

 

 

17,103

 

 

 

275

 

 

 

4.00

 

March 14, 2023

 

 

27,834

 

 

 

405

 

 

 

2.00

 

 

 

85,670

 

 

$

1,104

 

 

 

2.05

 

 

NOTE 16 - EQUITY INCENTIVE PLAN