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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Pay Versus Performance
The table below is provided in accordance with Item 402(v) of Regulation S-K. This information is being provided for compliance purposes. Neither the Compensation Committee nor the executives of our Company use the information in this table when making compensation decisions.
 
 
 
 
 
Value of Initial Fixed
$100 Investment Based
On:
 
 
Year
Summary
Compensation
Table Total
for PEO(1)
($)
Compensation
Actually
Paid to
PEO(2)
($)
Average
Summary
Compensation
Table Total
for Non-PEO
NEO(3)
($)
Average
Compensation
Actually Paid to
Non-PEO
NEO(4)
($)
Total
Shareholder
Return(5)
Peer
Group
Total
Shareholder
Return(6)
Net
Income(7)
($)
Diluted
Earnings
per
Share(8)
($)
2024
2,070,123
2,273,275
803,821
894,901
180.15
143.68
49,717
2.92
2023
2,053,444
1,946,539
1,036,923
1,029,467
174.28
179.71
62,745
3.62
2022
2,082,386
2,056,606
976,528
1,003,955
162.27
115.32
58,240
3.23
(1)
The dollar amounts reported are the amounts of total compensation reported in the “Total” column of our Summary Compensation Table.
(2)
The name of the NEO included for purposes of calculating the amounts for each applicable year is Cory T. Newsom. The dollar amounts reported represent the amount of “compensation actually paid,” as computed in accordance with SEC rules. The dollar amounts do not reflect the actual amount of compensation earned by or paid during the applicable year. In accordance with SEC rules, the following adjustments were made to total compensation to determine the compensation actually paid:
Year
Reported
Summary Compensation
Table Total for PEO
($)
Reported
Value of Equity Awards(a)
($)
Equity
Award Adjustments(b)
($)
Compensation Actually
Paid to PEO
($)
2024
2,070,123
470,474
673,626
2,273,275
2023
2,053,444
470,500
363,595
1,946,539
2022
2,082,386
470,498
444,718
2,056,606
(a)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in our Summary Compensation Table for the applicable year.
(b)
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
Year
Year End
Fair Value
of Equity
Awards
($)
Year over
Year Change
in Fair Value
of Outstanding
and Unvested
Equity Awards
($)
Fair Value
as of Vesting
Date of
Equity
Awards
Granted and
Vested in
the Year
($)
Year over
Year
Change in
Fair Value
of Equity
Awards
Granted in
Prior Years
that Vested
in the Year
($)
Fair Value at
the End of
the Prior
Year of
Equity
Awards that
Failed to
Meet Vesting
Conditions in
the Year
($)
Value of
Dividends
or other
Earnings
Paid on
Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value
($)
Total
Equity
Award
Adjustments
($)
2024
639,249
31,287
3,090
673,626
2023
531,200
(34,323)
(133,282)
363,595
2022
445,169
(4,853)
4,402
444,718
(3)
The dollar amounts reported represent the average of the amounts reported for our NEOs as a group (excluding our PEO) in the “Total” column of our Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding our PEO) included for purposes of calculating the average amounts for each applicable year are Curtis C. Griffith, Steven B. Crockett, Brent A. Bates and Paul A. Ehlers.
(4)
The dollar amounts reported represent the average amount of “compensation actually paid” to the NEOs as a group (excluding our PEO), as computed in accordance with SEC rules. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding our PEO) during the applicable year. In accordance with the SEC rules, the following adjustments were made to average total compensation for the NEOs as a group (excluding our PEO) for each year to determine the compensation actually paid, using the same methodology described above in Note 2:
Year
Average
Reported Summary
Compensation Table Total
for Non-PEO NEOs
($)
Average
Reported
Value of Equity Awards
($)
Average Equity
Award Adjustments(a)
($)
Average Compensation
Actually Paid to Non-PEO
NEOs
($)
2024
803,821
163,030
254,110
894,901
2023
1,036,923
231,481
224,025
1,029,467
2022
976,528
224,485
251,912
1,003,955
(a)
The amounts deducted or added in calculating the total average equity award adjustments are as follows:
Year
Average
Year End
Fair Value
of Equity
Awards
($)
Year over
Year Change
in Fair Value
of Outstanding
and Unvested
Equity Awards
($)
Fair Value
as of Vesting
Date of
Equity
Awards
Granted and
Vested in
the Year
($)
Year over
Year
Change in
Fair Value
of Equity
Awards
Granted in
Prior Years
that Vested
in the Year
($)
Average
Fair Value at
the End of
the Prior
Year of
Equity
Awards that
Failed to
Meet Vesting
Conditions in
the Year
($)
Average
Value of
Dividends
or other
Earnings
Paid on
Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value
($)
Total
Average
Equity
Award
Adjustments
($)
2024
219,843
41,571
(7,304)
254,110
2023
244,215
3,042
(23,232)
224,025
2022
215,446
31,834
4,632
251,912
(5)
Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between our share price at the end and the beginning of the measurement period by our share price at the beginning of the measurement period.
(6)
Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated.
(7)
The dollar amounts reported represent the amount of net income reflected in our audited financial statements for the applicable year.
(8)
Represents our diluted earnings per share, which we believe represents the most important financial performance measure that was used to link compensation actually paid to our PEO and non-PEO NEOs for the most recent fiscal year to Company performance.
   
Company Selected Measure Name diluted earnings per share    
Named Executive Officers, Footnote
(2)
The name of the NEO included for purposes of calculating the amounts for each applicable year is Cory T. Newsom. The dollar amounts reported represent the amount of “compensation actually paid,” as computed in accordance with SEC rules. The dollar amounts do not reflect the actual amount of compensation earned by or paid during the applicable year. In accordance with SEC rules, the following adjustments were made to total compensation to determine the compensation actually paid:
(3)
The dollar amounts reported represent the average of the amounts reported for our NEOs as a group (excluding our PEO) in the “Total” column of our Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding our PEO) included for purposes of calculating the average amounts for each applicable year are Curtis C. Griffith, Steven B. Crockett, Brent A. Bates and Paul A. Ehlers.
   
Peer Group Issuers, Footnote
(6)
Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated.
   
PEO Total Compensation Amount $ 2,070,123 $ 2,053,444 $ 2,082,386
PEO Actually Paid Compensation Amount $ 2,273,275 1,946,539 2,056,606
Adjustment To PEO Compensation, Footnote
(2)
The name of the NEO included for purposes of calculating the amounts for each applicable year is Cory T. Newsom. The dollar amounts reported represent the amount of “compensation actually paid,” as computed in accordance with SEC rules. The dollar amounts do not reflect the actual amount of compensation earned by or paid during the applicable year. In accordance with SEC rules, the following adjustments were made to total compensation to determine the compensation actually paid:
Year
Reported
Summary Compensation
Table Total for PEO
($)
Reported
Value of Equity Awards(a)
($)
Equity
Award Adjustments(b)
($)
Compensation Actually
Paid to PEO
($)
2024
2,070,123
470,474
673,626
2,273,275
2023
2,053,444
470,500
363,595
1,946,539
2022
2,082,386
470,498
444,718
2,056,606
(a)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in our Summary Compensation Table for the applicable year.
(b)
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
Year
Year End
Fair Value
of Equity
Awards
($)
Year over
Year Change
in Fair Value
of Outstanding
and Unvested
Equity Awards
($)
Fair Value
as of Vesting
Date of
Equity
Awards
Granted and
Vested in
the Year
($)
Year over
Year
Change in
Fair Value
of Equity
Awards
Granted in
Prior Years
that Vested
in the Year
($)
Fair Value at
the End of
the Prior
Year of
Equity
Awards that
Failed to
Meet Vesting
Conditions in
the Year
($)
Value of
Dividends
or other
Earnings
Paid on
Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value
($)
Total
Equity
Award
Adjustments
($)
2024
639,249
31,287
3,090
673,626
2023
531,200
(34,323)
(133,282)
363,595
2022
445,169
(4,853)
4,402
444,718
   
Non-PEO NEO Average Total Compensation Amount $ 803,821 1,036,923 976,528
Non-PEO NEO Average Compensation Actually Paid Amount $ 894,901 1,029,467 1,003,955
Adjustment to Non-PEO NEO Compensation Footnote
(4)
The dollar amounts reported represent the average amount of “compensation actually paid” to the NEOs as a group (excluding our PEO), as computed in accordance with SEC rules. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding our PEO) during the applicable year. In accordance with the SEC rules, the following adjustments were made to average total compensation for the NEOs as a group (excluding our PEO) for each year to determine the compensation actually paid, using the same methodology described above in Note 2:
Year
Average
Reported Summary
Compensation Table Total
for Non-PEO NEOs
($)
Average
Reported
Value of Equity Awards
($)
Average Equity
Award Adjustments(a)
($)
Average Compensation
Actually Paid to Non-PEO
NEOs
($)
2024
803,821
163,030
254,110
894,901
2023
1,036,923
231,481
224,025
1,029,467
2022
976,528
224,485
251,912
1,003,955
(a)
The amounts deducted or added in calculating the total average equity award adjustments are as follows:
Year
Average
Year End
Fair Value
of Equity
Awards
($)
Year over
Year Change
in Fair Value
of Outstanding
and Unvested
Equity Awards
($)
Fair Value
as of Vesting
Date of
Equity
Awards
Granted and
Vested in
the Year
($)
Year over
Year
Change in
Fair Value
of Equity
Awards
Granted in
Prior Years
that Vested
in the Year
($)
Average
Fair Value at
the End of
the Prior
Year of
Equity
Awards that
Failed to
Meet Vesting
Conditions in
the Year
($)
Average
Value of
Dividends
or other
Earnings
Paid on
Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value
($)
Total
Average
Equity
Award
Adjustments
($)
2024
219,843
41,571
(7,304)
254,110
2023
244,215
3,042
(23,232)
224,025
2022
215,446
31,834
4,632
251,912
   
Compensation Actually Paid vs. Total Shareholder Return    
Compensation Actually Paid vs. Net Income    
Compensation Actually Paid vs. Company Selected Measure    
Total Shareholder Return Vs Peer Group    
Total Shareholder Return Amount $ 180.15 174.28 162.27
Peer Group Total Shareholder Return Amount 143.68 179.71 115.32
Net Income (Loss) $ 49,717,000 $ 62,745,000 $ 58,240,000
Company Selected Measure Amount | $ / shares 2.92 3.62 3.23
PEO Name Cory T. Newsom Cory T. Newsom Cory T. Newsom
Equity Awards Adjustments, Footnote
(b)
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
Year
Year End
Fair Value
of Equity
Awards
($)
Year over
Year Change
in Fair Value
of Outstanding
and Unvested
Equity Awards
($)
Fair Value
as of Vesting
Date of
Equity
Awards
Granted and
Vested in
the Year
($)
Year over
Year
Change in
Fair Value
of Equity
Awards
Granted in
Prior Years
that Vested
in the Year
($)
Fair Value at
the End of
the Prior
Year of
Equity
Awards that
Failed to
Meet Vesting
Conditions in
the Year
($)
Value of
Dividends
or other
Earnings
Paid on
Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value
($)
Total
Equity
Award
Adjustments
($)
2024
639,249
31,287
3,090
673,626
2023
531,200
(34,323)
(133,282)
363,595
2022
445,169
(4,853)
4,402
444,718
(a)
The amounts deducted or added in calculating the total average equity award adjustments are as follows:
Year
Average
Year End
Fair Value
of Equity
Awards
($)
Year over
Year Change
in Fair Value
of Outstanding
and Unvested
Equity Awards
($)
Fair Value
as of Vesting
Date of
Equity
Awards
Granted and
Vested in
the Year
($)
Year over
Year
Change in
Fair Value
of Equity
Awards
Granted in
Prior Years
that Vested
in the Year
($)
Average
Fair Value at
the End of
the Prior
Year of
Equity
Awards that
Failed to
Meet Vesting
Conditions in
the Year
($)
Average
Value of
Dividends
or other
Earnings
Paid on
Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value
($)
Total
Average
Equity
Award
Adjustments
($)
2024
219,843
41,571
(7,304)
254,110
2023
244,215
3,042
(23,232)
224,025
2022
215,446
31,834
4,632
251,912
   
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (470,474) $ (470,500) $ (470,498)
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 673,626 363,595 444,718
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 639,249 531,200 445,169
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 31,287 (34,323) (4,853)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 3,090 (133,282) 4,402
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (163,030) (231,481) (224,485)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 254,110 224,025 251,912
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 219,843 244,215 215,446
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 41,571 3,042 31,834
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (7,304) (23,232) 4,632
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 0 $ 0 $ 0