Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2020

The following table is a summary of the stock option activity under the Bank7 Corp. 2018 Equity Incentive Plan (dollar amounts in thousands, except per share data):

	Options			Wgtd. Avg. Exercise Price		Wgtd. Avg. Remaining Contractual Term		Aggregate Intrinsic Value
Twelve Months Ended December 31, 2020
Outstanding at December 31, 2019		163,000		$	18.75
Options Granted		26,500			18.49
Options Exercised		-			-
Options Forfeited		(4,250	)		17.73
Outstanding at December 31, 2020		185,250			18.73		7.94	$	0
Exercisable at December 31, 2020		75,625			18.88		7.75	$	0
Twelve Months Ended December 31, 2019
Outstanding at December 31, 2018		150,000		$	19.00
Options Granted		20,500			16.98
Options Exercised		-			-
Options Forfeited		(7,500	)		19.00
Outstanding at December 31, 2019		163,000			18.75		8.79	$	41
Exercisable at December 31, 2019		35,625			19.00		8.73	$	0

Assumptions Used for Computing Stock-Based Compensation Expense under Fair Value Method

The following table shows the assumptions used for computing stock-based compensation expense under the fair value method on options granted during the period presented:

	Year Ended
	December 31, 2020			December 31, 2019
Risk-free interest rate		1.71	%		2.48	%
Dividend yield		2.20	%		2.20	%
Stock price volatility		41.27	%		31.14	%
Expected term		7.51			7.01

Restricted Stock Units

The following table summarizes share information about RSUs for the years ended December 31, 2020 and 2019:

	Number of Shares			Wgtd. Avg. Grant Date Fair Value
Twelve Months Ended December 31, 2020
Outstanding at December 31, 2019		104,000		$	19.09
Shares granted		41,000			16.19
Shares settled		(26,000	)		19.09
Shares forfeited		(1,000	)		18.49
End of the period balance		118,000		$	18.09

Twelve Months Ended December 31, 2019
Outstanding at December 31, 2018		130,000		$	19.09
Shares granted		-			-
Shares settled		(26,000	)		19.09
Shares forfeited		-			-
End of the period balance		104,000		$	19.09