Quarterly report [Sections 13 or 15(d)]

Note 11 - Stock Based Compensation (Tables)

v3.26.1
Note 11 - Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Notes Tables  
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]
   

As of March 31,

 
   

2026

   

2025

 
   

(Dollars in thousands)

 

Shares allocated

    85,669       64,844  

Shares committed for allocation

    5,403       5,305  

Shares distributed to plan participants

    (3,625 )     (1,597 )

Unallocated

    340,764       361,687  

Total ESOP shares

    428,211       430,239  
                 

Fair value of unearned shares as of March 31, 2026 and 2025, respectively

  $ 3,973     $ 4,083  
Share-Based Payment Arrangement, Option, Activity [Table Text Block]

Stock Option

 

Shares

   

Weighted Average Exercise Price

   

Aggregate Intrinsic Value (1)

 
                         

Outstanding at December 31, 2024

    500,500     $ 9.59          

Granted

                   

Exercised

                   

Forfeited

    (8,000 )     9.36          

Outstanding at March 31, 2025

    492,500     $ 9.59     $ 837  

Exercisable - End of Period

    106,900       9.36       206  
                         

Outstanding at December 31, 2025

    467,500     $ 9.61          

Granted

                   

Exercised

                   

Forfeited

                   

Outstanding at March 31, 2026

    467,500     $ 9.61     $ 958  

Exercisable - End of Period

    175,400       9.49       381  
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]

Restricted Stock

 

Shares

   

Weighted Average Grant Date Fair Value

 
                 

Non-vested balance as of December 31, 2024

    151,740     $ 9.57  

Granted

           

Vested

           

Forfeited

    2,000       9.36  

Non-vested balance as of March 31, 2025

    149,740     $ 9.57  
                 

Non-vested balance as of December 31, 2025

    113,140     $ 9.58  

Granted

           

Vested

           

Forfeited

           

Non-vested balance as of March 31, 2026

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

Three Months Ended March 31,

 
   

2026

   

2025

 
   

(Dollars in thousands)

 

Stock option expense

  $ 86     $ 73  

Restricted stock expense

    87       84  

Total stock based compensation expense

  $ 173     $ 157