Annual report pursuant to Section 13 and 15(d)

Note 12 - Stock Based Compensation (Tables)

v3.24.1
Note 12 - Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]
   

As of December 31,

 
   

2023

   

2022

 
   

(Dollars in thousands)

 

Shares allocated

    43,624       22,009  

Unallocated

    388,212       409,827  

Total ESOP shares

    431,836       431,836  
                 

Fair value of unearned shares as of December 31, 2023 and December 31, 2022 respectively

  $ 3,692     $ 4,152  
Share-Based Payment Arrangement, Option, Activity [Table Text Block]

Stock Option

 

Shares

   

Weighted Average Exercise Price

   

Aggregate Intrinsic Value (1)

 
                         

Options, outstanding January 1, 2023

        $     $  

Granted

    465,500       9.36          

Vested

    (23,000 )     9.36          

Forfeited

                   

Options, outstanding December 31, 2023

    442,500     $ 9.36     $ 66  

Exercisable - End of Period

    23,000     $ 9.36     $ 3  
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, 2022

        $  

Granted

    187,200       9.36  

Vested

    (9,200 )     9.36  

Forfeited

           

Nonvested balance as of December 31, 2023

    178,000     $ 9.36  
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]
   

Year Ended December 31,

 
   

2023

   

2022

 
   

(Dollars in thousands)

 

Stock option expense

  $ 252     $  

Restricted stock expense

    267        

Total stock based compensation expense

  $ 519     $