Quarterly report pursuant to Section 13 or 15(d)

Note 12 - Stock Based Compensation (Tables)

v3.23.2
Note 12 - Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2023
Notes Tables  
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]
   

As of June 30,

 
   

2023

   

2022

 
   

(Dollars in thousands)

 

Shares allocated

    22,009       —  

Shares committed for allocation

    10,808       8,640  

Unallocated

    399,019       423,196  

Total ESOP shares

    431,836       431,836  
                 

Fair value of unearned shares as of June 30, 2023 and 2022, respectively

  $ 3,647     $ 4,731  
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]
   

Three Months Ended June 30,

   

Six months ended June 30,

 
   

2023

   

2022

   

2023

   

2022

 
   

(Dollars in thousands)

   

(Dollars in thousands)

 

Stock option expense

  $ 14     $ —     $ 14     $ —  

Restricted stock expense

    14       —       14       —  

Total stock based compensation expense

  $ 28     $ —     $ 28     $ —  
Share-Based Payment Arrangement, Option, Activity [Table Text Block]

Stock Option

 

Shares

   

Weighted Average Exercise Price

   

Weighted Average Remaining Contractual Term

 
                         

Outstanding at March 31, 2023

    —     $ —       —  

Granted

    465,500       9.36       10.0  

Forfeited

    —       —       —  

Outstanding at June 30, 2023

    465,500     $ 9.36       10.0  

Exercisable - End of Period

    —                  

Stock Option

 

Shares

   

Weighted Average Exercise Price

   

Weighted Average Remaining Contractual Term

 
                         

Outstanding at December 31, 2022

    —     $ —       —  

Granted

    465,500       9.36       10.0  

Forfeited

    —       —       —  

Outstanding at June 30, 2023

    465,500     $ 9.36       10.0  

Exercisable - End of Period

    —                  
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]

Restricted Stock

 

Shares

   

Weighted Average Grant Date Fair Value

 
                 

Outstanding at March 31, 2023

    —     $ —  

Granted

    187,200       9.36  

Forfeited

    —       —  

Outstanding at June 30, 2023

    187,200     $ 9.36  

Restricted Stock

 

Shares

   

Weighted Average Grant Date Fair Value

 
                 

Outstanding at December 31, 2022

    —     $ —  

Granted

    187,200       9.36  

Forfeited

    —       —  

Outstanding at June 30, 2023

    187,200     $ 9.36