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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Time Vested Restricted Stock The table below presents the time vested restricted stock awarded to senior officers, directors and certain employees.
As of December 31, 2025
Date of awardNumber of sharesNumber of Officers, Directors and Employees
February 2025204,164 129
March 20254,507 2
May 20252,597 1
July 2025476 1
Schedule of Unvested Restricted Stock Awards
The table below summarizes the unvested restricted stock awards for performance.
For the Year Ended December 31,
202520242023
Performance AwardsShares
Weighted
Average
Grant Date 
Fair Value
Shares
Weighted
Average
Grant Date 
Fair Value
Shares
Weighted
Average
Grant Date 
Fair Value
Unvested at beginning226,479 $27.53 123,215 $44.74 129,855 $45.15 
Granted147,702 18.19 150,570 18.47 71,003 40.50 
Forfeited(33,035)48.66 (28,826)40.96 (44,084)40.29 
Vested— — (18,480)47.57 (33,559)44.60 
Unvested at end341,146 $21.44 226,479 $27.53 123,215 $44.74 
The following table summarizes the unvested time vesting restricted stock awards.
For the Year Ended December 31,
202520242023
Time Vested Awards - RSA
Shares
Weighted
Average
Grant Date 
Fair Value
Shares
Weighted
Average
Grant Date 
Fair Value
Shares
Weighted
Average
Grant Date 
Fair Value
Unvested at beginning430,305 $31.35 313,992 $49.08 302,148 $53.75 
Granted211,744 23.20 312,368 23.22 190,256 44.16 
Forfeited(25,086)24.86 (38,772)36.18 (27,558)51.57 
Vested(247,640)32.81 (157,283)49.41 (150,854)51.76 
Unvested at end369,323 $26.14 430,305 $31.35 313,992 $49.08 
Schedule of Activity of Stock Options
The table below is a summary of stock option activity. The information excludes restricted stock units and awards.
For the Year Ended December 31,
202520242023
Time Vested Awards - Options
Shares
Weighted
Average
Exercise 
Price
Weighted Average Remaining Contractual Term
Shares
Weighted
Average
Exercise
Price
Weighted Average Remaining Contractual Term
Shares
Weighted
Average
Exercise 
Price
Weighted Average Remaining Contractual Term
Beginning balance2,500 $47.95 5.022,500 $47.95 6.022,500 $47.95 7.02
Granted133,401 22.76 9.16— — — — — — 
Exercised— — — — — — — — — 
Forfeited— — — — — — — — — 
Ending balance135,901 $23.22 9.072,500 $47.95 5.022,500 $47.95 6.02
Exercisable end of year2,500 $47.95 4.022,500 $47.95 5.022,500 $47.95 6.02
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
For the Year Ended December 31,
202520242023
Risk-free interest rate4.09 %N/AN/A
Expected term in years
6.44N/AN/A
Expected stock price volatility43.94 %N/AN/A
Dividend yield
2.90 %N/AN/A