Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

he following table summarizes stock option activity for the periods indicated:

	Six Months Ended June 30,
	2022					2021
	Options	Weighted Average Exercise Price		Aggregate Intrinsic Value (in thousands) (1)		Options	Weighted Average Exercise Price		Aggregate Intrinsic Value (in thousands) (1)
Outstanding, January 1,	—	$	—			311	$	12.60
Granted	—	—				—	—
Exercised	—	—				(311)	12.60
Expired	—	—				—	—
Outstanding, June 30,	—	—		$	—	—	—		$	—
Exercisable, June 30,	—	—		$	—	—	—		$	—
(1) Aggregate Intrinsic Value is defined as the amount by which the current market value of the underlying stock exceeds the exercise price of the option.

Summary of Restricted Stock Awards Activity

Restricted stock awards granted under the 2015 Plan were as follows:

	2022			2021
	Shares	Weighted Average Grant Date Fair Value		Shares	Weighted Average Grant Date Fair Value
Outstanding, January 1,	44,512	$	17.08	28,596	$	17.42
Granted	32,554	19.25		26,321	16.85
Vested	(18,752)	18.02		(8,817)	17.55
Forfeited	—	—		(122)	16.87
Outstanding, June 30,	58,314	$	17.99	45,978	$	17.07

Schedule of Information Related to Stock Options Exercised

The following table provides information related to stock options exercised during the periods indicated (in thousands):

	Six Months Ended June 30,
	2022		2021
Intrinsic value of options exercised	$	—	1
Cash received from options exercised	—		4
Tax benefit realized from options exercised	—		—

Share-based Payment Arrangement, Expensed and Capitalized, Amount

The following table presents expense recorded in salaries and employee benefits for restricted stock awards and the related tax information for the three and six months ended June 30, 2022 and 2021 (in thousands):

	Three Months Ended June 30,			Six Months Ended  June 30,
	2022		2021	2022	2021
Restricted stock expense	$	107	52	304	145
Tax effect	23		10	64	30