Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

A summary of the Company’s stock option plan awards and activity for the three months ended March 31, 2023, follows: 

	For the Three Months Ended March 31, 2023
	Shares	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term in Years	Aggregate Intrinsic Value		Weighted-Average Grant Date Fair Value
Outstanding at January 1, 2023	217,519	$	11.20		$	823,028	$	4.10
Exercised	—	—			—		$	—
Outstanding at March 31, 2023	217,519	11.20		1.19	353,111		4.10
Vested	217,519	11.20		1.19	353,111		4.10
Exercisable at March 31, 2023	217,519	11.20		1.19	353,111		4.10

Nonvested Restricted Stock Shares Activity

A summary of changes in nonvested restricted stock awards for the three months ended March 31, 2023, follows: 

	For the Three Months Ended March 31, 2023
	Shares	Weighted-Average Grant Date Fair Value
Nonvested at January 1, 2023	31,272	$	16.93
Granted	27,618	14.92
Vested	(31,272)	16.93
Nonvested at March 31, 2023	27,618	14.92
Expected to vest assuming a 3% forfeiture rate over the vesting term	26,789	14.92