Quarterly report pursuant to Section 13 or 15(d)

Note 12 - Stock Based Compensation (Tables)

v3.23.3
Note 12 - Stock Based Compensation (Tables)
9 Months Ended
Sep. 30, 2023
Notes Tables  
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]
   

As of September 30,

 
   

2023

   

2022

 
   

(Dollars in thousands)

 

Shares allocated

    22,009        

Shares committed for allocation

    16,212       12,960  

Unallocated

    393,615       418,876  

Total ESOP shares

    431,836       431,836  
                 

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

  $ 3,562     $ 4,532  
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]
   

Three Months Ended September 30,

   

Nine months ended September 30,

 
   

2023

   

2022

   

2023

   

2022

 
   

(Dollars in thousands)

   

(Dollars in thousands)

 

Stock option expense

  $ 82     $     $ 96     $  

Restricted stock expense

    88             102        

Total stock based compensation expense

  $ 170     $     $ 198     $  
Share-Based Payment Arrangement, Option, Activity [Table Text Block]

Stock Option

 

Shares

   

Weighted Average Exercise Price

   

Weighted Average Remaining Contractual Term

 
                         

Outstanding at June 30, 2023

    465,500     $ 9.36       10.0  

Granted

                 

Forfeited

                 

Outstanding at September 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 September 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 June 30, 2023

    187,200     $ 9.36  

Granted

           

Forfeited

           

Outstanding at September 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 September 30, 2023

    187,200     $ 9.36