Stock Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2023

Stock Compensation Plans [Abstract]

Stock Option Activity

Stock option activity under the Plan during the year ended December 31, 2023, was as follows:

	Stock Options
	Number of shares			Weighted average exercise price
Balance at December 31, 2022		719,079		$	8.01
Granted		—			—
Exercised		(76,276	)		4.73
Cancelled/Forfeited		—			—
Balance at December 31, 2023		642,803		$	8.40

Information on Stock Options

The following table presents information on stock options for the year ended December 31, 2023:

	Number of Shares		Weighted Average Exercise Price		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Term
Options exercised		76,276	$	4.73	$	305		—
Stock options outstanding and expected to vest:		642,803	$	8.40	$	368		4.69
Stock options vested and currently exercisable:		553,170	$	8.26	$	368		4.32

Weighted Average Assumptions Used in Valuing Stock Options

The following table shows our weighted average assumptions used in valuing stock options granted for the years ended December 31:

	2023		2022
Risk-Free Interest Rate		—		2.54	%
Expected Dividend Yield		—		0.00	%
Expected Life in Years		—		5.00
Expected Price Volatility		—		19.70	%

Information about Non-vested Restricted Stock Awards Outstanding

The following table presents information about non-vested restricted stock awards outstanding for the year ended December 31, 2023:

	Restricted Stock Awards
	Number of shares			Weighted average grant date fair value
Balance at December 31, 2022		260,839		$	8.90
Granted		82,269			8.10
Vested		(55,360	)		8.55
Cancelled/Forfeited		(13,439	)		8.99
Balance at December 31, 2023		274,309		$	8.71