Annual report [Section 13 and 15(d), not S-K Item 405]

Note 11 - Stock Based Compensation (Tables)

v3.26.1
Note 11 - Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Notes Tables  
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]
   

As of December 31,

 
   

2025

   

2024

 
   

(Dollars in thousands)

 

Shares allocated

    85,669       64,844  

Shares distributed to plan participants

    (2,028 )     (1,597 )

Unallocated

    346,167       366,992  

Total ESOP shares

    429,808       430,239  
                 

Fair value of unearned shares as of December 31, 2025 and December 31, 2024 respectively

  $ 4,483     $ 4,331  
Share-Based Payment Arrangement, Option, Activity [Table Text Block]

Stock Option

 

Shares

   

Weighted Average Exercise Price

   

Aggregate Intrinsic Value (1)

 
                         

Options, outstanding January 1, 2024

    465,500     $ 9.36     $ 70  

Granted

    58,000       11.34          

Exercised

    (23,000 )     9.36          

Forfeited

                   

Options, outstanding December 31, 2024

    500,500     $ 9.59     $ 1,106  

Exercisable - End of Period

    106,900     $ 9.36     $ 261  
                         

Options, outstanding January 1, 2025

    500,500     $ 9.59     $ 1,106  

Granted

                   

Exercised

    (23,000 )     9.36          

Forfeited

    (10,000 )     9.36          

Options, outstanding December 31, 2025

    467,500     $ 9.61     $ 1,561  

Exercisable - End of Period

    175,400     $ 9.49     $ 607  
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]

Restricted Stock

 

Shares

   

Weighted Average Grant Date Fair Value

 
                 

Nonvested balance as of December 31, 2023

    178,000     $ 9.36  

Granted

    16,700       11.30  

Vested

    (42,960 )     9.36  

Forfeited

           

Nonvested balance as of December 31, 2024

    151,740     $ 9.57  
                 

Nonvested balance as of December 31, 2024

    151,740     $ 9.57  

Granted

           

Vested

    (36,600 )     9.54  

Forfeited

    (2,000 )     9.36  

Nonvested balance as of December 31, 2025

    113,140     $ 9.58  
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]
   

Year Ended December 31,

 
   

2025

   

2024

 
   

(Dollars in thousands)

 

Stock option expense

  $ 332     $ 373  

Restricted stock expense

    346       394  

Total stock based compensation expense

  $ 678     $ 767