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Stock Options and Warrants (Table)
3 Months Ended
Mar. 31, 2022
Stock Options And Warrants [Abstract]  
Summary of Stock Option Activity

A summary of stock option activity for the three months ended March 31, 2022 and year ended December 31, 2021 is presented below:

 

 

March 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

(Dollars in thousands, except share and per share data)

 

Shares
 Underlying
 Options

 

 

Weighted
Average
 Exercise Price

 

 

Shares
 Underlying
 Options

 

 

Weighted
Average
 Exercise Price

 

Outstanding at beginning of period

 

 

1,220,428

 

 

$

17.83

 

 

 

660,251

 

 

$

14.37

 

Granted during the period

 

 

22,500

 

 

 

22.38

 

 

 

788,250

 

 

 

20.22

 

Forfeited during the period

 

 

(37,500

)

 

 

24.00

 

 

 

(144,903

)

 

 

17.55

 

Exercised during the period

 

 

(3,500

)

 

 

15.65

 

 

 

(83,170

)

 

 

13.48

 

Outstanding at the end of period

 

 

1,201,928

 

 

$

17.73

 

 

 

1,220,428

 

 

$

17.83

 

Options exercisable at end of period

 

 

452,738

 

 

$

14.12

 

 

 

361,758

 

 

$

13.59

 

Weighted-average grant date fair value of options granted
   during the period

 

 

 

 

$

6.75

 

 

 

 

 

$

3.15

 

Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block]

A summary of weighted average remaining life is presented below:

(Dollars in thousands, except share and
per share data)

 

March 31, 2022

 

 

December 31, 2021

 

Exercise Price

 

Options Outstanding

 

 

Weighted Average Remaining Life (years)

 

 

Options Exercisable

 

 

Options Outstanding

 

 

Weighted Average Remaining Life (years)

 

 

Options Exercisable

 

$10.00 - $12.99

 

 

164,223

 

 

 

2.82

 

 

 

161,723

 

 

 

162,223

 

 

 

5.15

 

 

 

162,223

 

$13.00 - $16.99

 

 

493,955

 

 

 

7.23

 

 

 

291,015

 

 

 

496,955

 

 

 

7.48

 

 

 

199,535

 

$17.00 - $26.99

 

 

543,750

 

 

 

9.26

 

 

 

 

 

 

561,250

 

 

 

9.52

 

 

 

 

 

 

 

1,201,928

 

 

 

7.55

 

 

 

452,738

 

 

 

1,220,428

 

 

 

8.11

 

 

 

361,758

 

Schedule of Nonvested Share Activity

A summary of the activity in the Company’s nonvested shares is as follows:

 

 

March 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

(Dollars in thousands, except share and per share data)

 

Shares

 

 

Weighted Average Grant Date Fair Value

 

 

Shares

 

 

Weighted Average Grant Date Fair Value

 

Nonvested at January 1,

 

 

858,670

 

 

$

3.15

 

 

 

262,670

 

 

$

3.04

 

Granted during the period

 

 

22,500

 

 

 

6.75

 

 

 

788,250

 

 

 

3.15

 

Vested during the period

 

 

(93,880

)

 

 

2.81

 

 

 

(72,500

)

 

 

3.17

 

Forfeited during the period

 

 

(38,100

)

 

 

3.76

 

 

 

(119,750

)

 

 

2.88

 

Nonvested at end of period

 

 

749,190

 

 

$

3.27

 

 

 

858,670

 

 

$

3.15

 

Warrants

Schedule Of Stock Warrant Activity

A summary of the Company’s stock warrant activity is presented below:

 

 

March 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

(Dollars in thousands, except share and per share data)

 

Shares
Underlying
Warrants

 

 

Weighted-
Average
Exercise
Price

 

 

Shares
Underlying
Warrants

 

 

Weighted-
Average
Exercise
Price

 

Outstanding at beginning of period

 

 

4,285

 

 

$

11.00

 

 

 

6,000

 

 

$

11.00

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

(1,715

)

 

 

11.00

 

Expired or forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at end of period

 

 

4,285

 

 

$

11.00

 

 

 

4,285

 

 

$

11.00

 

Exercisable at end of period

 

 

4,285

 

 

$

11.00

 

 

 

4,285

 

 

$

11.00

 

Summary of Activity for Nonvested RSAs

A summary of the activity for nonvested RSAs for the three months ended March 31, 2022 and the year ended December 31, 2021 is presented below:

 

 

March 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

(Dollars in thousands, except share and per share data)

 

Shares

 

 

Weighted
Average
Grant Date
 Fair Value

 

 

Shares

 

 

Weighted
Average
Grant Date
 Fair Value

 

Nonvested at beginning of period

 

 

49,750

 

 

$

24.00

 

 

 

 

 

$

 

Granted during the period

 

 

28,132

 

 

 

24.70

 

 

 

49,750

 

 

 

24.00

 

Vested during the period

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited during the period

 

 

 

 

 

 

 

 

 

 

 

 

Nonvested at the end of period

 

 

77,882

 

 

$

24.25

 

 

 

49,750

 

 

$

24.00