Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Stock Options Activity

A summary of the transactions under the 2005 Plan for the nine months ended September 30, 2023 is as follows:

($ in thousands, except share data)	Number of Options Outstanding	Weighted Average Exercise Price		Aggregate Intrinsic Value
Outstanding, as of January 1, 2023	30,000	$	6.18	$	149
Options granted	—	—
Options exercised	(30,000)	6.18
Options forfeited	—	—
Options expired	—	—
Outstanding, as of September 30, 2023	—	$	—	$	—
Fully vested and expected to vest	—	$	—	$	—
Vested	—	$	—	$	—

A summary of the stock options outstanding under the 2010 Plan for the nine months ended September 30, 2023 is as follows:

($ in thousands, except share data)	Number of Options Outstanding	Weighted Average Exercise Price		Aggregate Intrinsic Value
Outstanding, as of January 1, 2023	150,000	$	8.00	$	474
Options granted	—	—
Options exercised	(90,000)	8.00
Options forfeited	—	—
Options expired	—	—
Outstanding, as of September 30, 2023	60,000	$	8.00	$	69
Fully vested and expected to vest	60,000	$	8.00	$	69
Vested	60,000	$	8.00	$	69

Schedule of Information Related to Stock Option Plan

Information related to stock options exercised under the 2005 Plan for the periods indicated follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
($ in thousands)	2023		2022		2023		2022
Intrinsic value of options exercised	$	86	$	60	$	86	$	60
Cash received from option exercises	128		64		128		64
Tax benefit realized from option exercised	2		2		2		2

Information related to stock options exercised under the 2010 Plan for the periods indicated follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
($ in thousands)	2023		2022		2023		2022
Intrinsic value of options exercised	$	—	$	—	$	186	$	—
Cash received from option exercises	—		—		720		$	—
Tax provision realized from option exercised	—		—		(3)		$	—

Schedule of Changes in Non-vested Restricted Stock Awards

A summary of the changes in the Company's non-vested restricted stock awards under the 2010 Plan for the nine months ended September 30, 2023 is as follows:

($ in thousands, except share data)	Shares Issued	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value
Non-vested, as of January 1, 2023	14,500	$	8.66	$	162
Awards granted	—	—
Awards vested	(4,500)	6.37
Awards forfeited	—	—
Non-vested, as of September 30, 2023	10,000	$	9.69	$	92

A summary of the changes in the Company’s non-vested restricted stock awards under the 2021 Plan for the nine months ended September 30, 2023 is as follows:

($ in thousands, except share data)	Shares Issued	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value
Non-vested, as of January 1, 2023	317,366	$	11.60	$	3,542
Awards granted	35,047	8.25
Awards vested	(66,062)	10.31
Awards forfeited	(7,500)	12.90
Non-vested, as of September 30, 2023	278,851	$	11.45	$	2,551

Schedule of Share Based Compensation Arrangement Information Related to Plan

Information related to vested restricted stock awards under the 2010 Plan for the periods indicated follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Tax benefit realized from awards vested	$	4	$	—	$	4	$	—

Information related to vested restricted stock awards under the 2021 Plan for the periods indicated follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
($ in thousands)	2023		2022		2023		2022
Tax (provision) benefit realized from awards vested	$	—	$	—	$	(34)	$	12