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Stock Options and Warrants (Table)
6 Months Ended
Jun. 30, 2022
Stock Options And Warrants [Abstract]  
Summary of Stock Option Activity

A summary of stock option activity for the six months ended June 30, 2022 and 2021 is presented below:

 

 

June 30,

 

 

June 30,

 

 

 

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

 

 

54,000

 

 

 

24.26

 

 

 

538,250

 

 

 

18.98

 

Forfeited during the period

 

 

(37,500

)

 

 

24.00

 

 

 

(33,280

)

 

 

15.83

 

Exercised during the period

 

 

(7,950

)

 

 

14.63

 

 

 

(55,047

)

 

 

13.80

 

Outstanding at the end of period

 

 

1,228,978

 

 

$

17.95

 

 

 

1,110,174

 

 

$

16.59

 

Options exercisable at end of period

 

 

530,958

 

 

$

14.98

 

 

 

390,004

 

 

$

13.43

 

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

 

 

 

 

$

8.44

 

 

 

 

 

$

2.93

 

Schedule of Weighted Average Remaining life

A summary of weighted average remaining life is presented below:

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

 

June 30, 2022

 

 

June 30, 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

 

 

159,053

 

 

 

2.45

 

 

 

159,053

 

 

 

186,316

 

 

 

3.31

 

 

 

186,316

 

$13.00 - $16.99

 

 

492,175

 

 

 

6.98

 

 

 

296,555

 

 

 

539,358

 

 

 

7.96

 

 

 

203,688

 

$17.00 - $26.99

 

 

577,750

 

 

 

9.07

 

 

 

75,350

 

 

 

384,500

 

 

 

9.92

 

 

 

 

 

 

 

1,228,978

 

 

 

7.38

 

 

 

530,958

 

 

 

1,110,174

 

 

 

7.86

 

 

 

390,004

 

Schedule of Nonvested Share Activity

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

 

 

June 30,

 

 

June 30,

 

 

 

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

 

 

$

2.42

 

Granted during the period

 

 

54,000

 

 

 

8.44

 

 

 

538,250

 

 

 

2.93

 

Vested during the period

 

 

(177,150

)

 

 

2.96

 

 

 

(47,470

)

 

 

3.42

 

Forfeited during the period

 

 

(37,500

)

 

 

3.76

 

 

 

(33,280

)

 

 

 

Nonvested at end of period

 

 

698,020

 

 

$

3.57

 

 

 

720,170

 

 

$

2.72

 

 

Schedule Of Stock Warrant Activity

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

 

 

June 30,

 

 

June 30,

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

-

 

Expired or forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at end of period

 

 

4,285

 

 

$

11.00

 

 

 

6,000

 

 

$

11.00

 

Exercisable at end of period

 

 

4,285

 

 

$

11.00

 

 

 

6,000

 

 

$

11.00

 

Summary of Activity for Non-vested RSAs

A summary of the activity for non-vested RSAs for the six months ended June 30, 2022 is presented below:

 

 

June 30,

 

 

 

2022

 

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

 

Shares

 

 

Weighted
Average
Grant Date
 Fair Value

 

Nonvested at beginning of period

 

 

49,750

 

 

$

24.00

 

Granted during the period

 

 

30,632

 

 

 

24.81

 

Vested during the period

 

 

 

 

 

 

Forfeited during the period

 

 

 

 

 

 

Nonvested at the end of period

 

 

80,382

 

 

$

24.31