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Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Equity Incentive Plan and Director Compensation Program The status of the Company’s 2018 Plan is presented below:
2018 Plan Number of Shares
Awards available for issuance- December 31, 2019194,025 
Awards granted(5,625)
Awards available for issuance - December 31, 2020188,400 
Awards granted(7,400)
Awards forfeited100 
Awards available for issuance - December 31, 2021181,100 
The Director Compensation Program stock earned and the issuance of shares as board compensation for the years ended December 31, 2021 and 2020, are as follows:
Years Ended December 31,
(dollars in thousands)20212020
Share-based board compensation earned$50 $62 
Issuance of shares of common stock as board compensation:
Number of shares issued1,0751,591
Equity impact of shares issued$56 $87 
Schedule of Stock Option Plan
The status of the Company’s stock option awards is presented below:
Stock Options
Number
of
Shares
Exercise
Price
Range
Weighted
Average
Price
Outstanding - December 31, 201920,500 
$14.31 - $17.33
$15.78 
Exercised(1)
(20,500)
$14.31 - $17.33
$15.78 
Outstanding - December 31, 2020— $— 
Exercised
— $— 
Outstanding - December 31, 2021— $— 
(1)A total of 5,780 shares of the Company’s common stock were surrendered in lieu of payment of a portion of the cash exercise price for options exercised during 2020, resulting in the net issuance upon exercise of an aggregate of 14,720 shares of the Company’s common stock.
Schedule of Nonvested Restricted Stock
The status of the Company’s nonvested restricted stock is presented below:
Nonvested Restricted Stock
Number of SharesWeighted Average Grant Date Fair Value
Nonvested - December 31, 201920,605 $37.34 
Granted5,625 $42.35 
Vested(8,575)$33.65 
Nonvested - December 31, 202017,655 $40.73 
Granted7,400 $50.55 
Vested(6,820)$38.40 
Forfeited(100)$42.35 
Nonvested - December 31, 202118,135 $45.61