STOCK- BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of activity in the stock option plan

A summary of stock option activity for the three months ended March 31, 2022 follows:

				Weighted
		Weighted		Average	Aggregate
		Average		Remaining	Intrinsic
		Exercise		Contractual	Value
	Shares	Price		Term	(in thousands)
Options outstanding, beginning of period	283,800	$	10.98	2.2	$	1,153
Expired	(2,000)		6.24
Options outstanding, end of period	281,800	$	11.01	1.9	$	834
Exercisable at end of period	281,800	$	11.01	1.9	$	834

Time Vested Restricted Stock

Schedule of activity in the restricted stock plan

A summary of time vested restricted stock awards for 2022 follows:

		Weighted		Weighted
		Average		Average
		Grant-Date		Remaining
		Fair Value		Contractual
	Shares	Per Share		Term
Unvested restricted stock outstanding, beginning of period	98,050	$	14.58	3.3
Granted	48,658		13.85
Vested	(67,008)		14.19
Unvested restricted stock outstanding, end of period	79,700	$	14.15	3.1

Performance Based Restricted Stock Units

Schedule of activity in the restricted stock plan

A summary of performance-based restricted stock units (the “Units”) for 2022 follows:

			Weighted	Weighted
			Average	Average
			Grant-Date	Remaining
			Fair Value	Contractual
	Shares		Per Share	Term
Unvested Units outstanding, beginning of period	59,335	$	15.00	4.0
Granted	—		—
Vested	—		—
Forfeited	—		—
Unvested Units outstanding, end of period	59,335	$	15.00	3.8