Quarterly report [Sections 13 or 15(d)]

Note 11 - Stock Based Compensation (Tables)

v3.25.1
Note 11 - Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Notes Tables  
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]
   

As of March 31,

 
   

2025

   

2024

 
   

(Dollars in thousands)

 

Shares allocated

    64,844       43,624  

Shares committed for allocation

    5,305       5,295  

Shares distributed to plan participants

    (1,597 )      

Unallocated

    361,687       382,917  

Total ESOP shares

    430,239       431,836  
                 

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

  $ 4,083     $ 3,653  
Share-Based Payment Arrangement, Option, Activity [Table Text Block]

Stock Option

 

Shares

   

Weighted Average Exercise Price

   

Aggregate Intrinsic Value (1)

 
                         

Outstanding at December 31, 2023

    442,500     $ 9.36          

Granted

                   

Exercised

                   

Forfeited

                   

Outstanding at March 31, 2024

    442,500     $ 9.36     $ 80  

Exercisable - End of Period

    23,000       9.36       4  
                         

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  
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

           

Vested

           

Forfeited

           

Nonvested balance as of March 31, 2024

    178,000     $ 9.36  
                 

Nonvested balance as of December 31, 2024

    151,740     $ 9.57  

Granted

           

Vested

           

Forfeited

    2,000       9.36  

Nonvested balance as of March 31, 2025

    149,740     $ 9.57  
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]
   

Three Months Ended March 31,

 
   

2025

   

2024

 
   

(Dollars in thousands)

 

Stock option expense

  $ 73     $ 79  

Restricted stock expense

    84       83  

Total stock based compensation expense

  $ 157     $ 162