Equity Incentive Plan (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Summary of Estimated Fair Value of Stock Options

The fair value of each option grant is estimated on the date of the grant using the Black-Scholes option pricing model. The following table reflects the assumptions used by management in the Black-Scholes option pricing model for the years ended December 31, 2021 and 2020.

	For the Years Ended December 31,
(Dollars in thousands)	2021			2020
Expected life		10 years			10 years
Stock price volatility		31.9	%		28.9	%
Risk free interest rate		0.5	%		1.2	%
Dividend yield		0.0	%		0.0	%

Summary of Stock Option Activity under the 2014 Plan and the Amended 2017 Plan

The following table reflects a summary of the stock option activity under the 2014 Plan and the Amended 2017 Plan for the year ended December 31, 2021.

	Stock Option Awards Outstanding
	Number of Shares			Weighted Average Exercise Price
Stock option awards outstanding, December 31, 2020		470,310		$	16.70
Granted		36,000		$	18.17
Exercised		(57,020	)	$	10.08
Forfeited or expired		(4,034	)	$	6.35
Stock option awards outstanding, December 31, 2021		445,256		$	17.75

Summary of Weighted Average Remaining Life And Aggregate Intrinsic Value related to the Stock Options Under 2014 Plan and Amended 2017 Plan

The following table reflects the weighted remaining life and aggregate intrinsic value related to the stock options issued under the 2014 Plan and the Amended 2017 Plan at December 31, 2021.

(Dollars in thousands)	Number of Shares		Weighted Remaining Life (Years)		Aggregate Intrinsic Value
Stock option awards outstanding		445,256		6.80	$	1,592
Stock option awards fully vested and expected to vest		204,138		5.73	$	885
Stock option awards exercisable		230,281		7.72	$	696

Summary of Stock Options Exercised and Granted

The following table reflects information related to stock options exercised and granted during the years ended December 31, 2021 and 2020.

	For the Years Ended December 31,
(Dollars in thousands)	2021		2020
Options exercised:
Intrinsic value	$	436	$	119
Cash received, net	$	243	$	247
Options granted:
Weighted average fair value	$	7.27	$	6.30

Summary of Restricted Stock Activity under the 2014 Plan and the Amended 2017 Plan

The following table reflects a summary of the restricted stock activity under the 2014 Plan and the Amended 2017 Plan for the year ended December 31, 2021.

	Non-vested Restricted Stock Units
	Number of Shares			Weighted Average Grant Value
Non-vested restricted stock units, December 31, 2020		170,565		$	17.65
Granted		114,696		$	17.76
Vested		(60,022	)	$	17.10
Forfeited or expired		(3,082	)	$	17.43
Non-vested restricted stock units, December 31, 2021		222,157		$	17.59