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Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Company Compensation Expense for the ESOP the Company records compensation expense for the ESOP equal to fair market value of shares when they are committed to be released from the suspense account to participants’ accounts under the plan.

 

 

 

March 31, 2022

 

 

 

 

December 31,

2021

 

Shares held by the ESOP include the following:

 

 

 

 

 

 

 

 

 

 

Allocated

 

 

35,772

 

 

 

 

 

23,848

 

Committed to be allocated

 

 

2,981

 

 

 

 

 

11,924

 

Unallocated

 

 

199,720

 

 

 

 

 

202,701

 

Total

 

 

238,473

 

 

 

 

 

238,473

 

Summary of Non-vested Restricted Shares Outstanding A summary of non-vested restricted shares outstanding as of March 31, 2022 and changes during the three months ended is presented below

 

March 31, 2022

 

 

Number of Shares

 

 

Weighted Average Grant Value

 

Restricted stock:

 

 

 

 

 

 

 

Non-vested at beginning of period

 

118,270

 

 

$

9.99

 

     Granted

 

 

 

 

 

     Vested

 

 

 

 

 

Forfeited

 

 

 

 

 

Non-vested at end of period

 

118,270

 

 

$

9.99