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