XML 45 R35.htm IDEA: XBRL DOCUMENT v3.23.1
Stock Options and Warrants (Table)
3 Months Ended
Mar. 31, 2023
Stock Options And Warrants [Abstract]  
Summary of Stock Option Activity

A summary of stock option activity for the three months ended March 31, 2023 and the year ended December 31, 2022 is presented below:

 

 

March 31, 2023

 

 

December 31, 2022

 

(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

 

 

1,203,928

 

 

$

18.05

 

 

 

1,220,428

 

 

$

17.83

 

Granted during the period

 

 

13,000

 

 

 

18.45

 

 

 

136,000

 

 

 

21.15

 

Forfeited during the period

 

 

(51,600

)

 

 

21.64

 

 

 

(105,167

)

 

 

21.18

 

Exercised during the period

 

 

 

 

 

 

 

 

(47,333

)

 

 

14.38

 

Outstanding at the end of period

 

 

1,165,328

 

 

$

17.89

 

 

 

1,203,928

 

 

$

18.05

 

Options exercisable at end of period

 

 

585,538

 

 

$

15.61

 

 

 

527,658

 

 

$

15.51

 

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

 

 

 

 

$

5.95

 

 

 

 

 

$

6.80

 

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)

 

March 31, 2023

 

 

December 31, 2022

 

Exercise Price

 

Options
Outstanding

 

 

Weighted Average
Remaining Life
(years)

 

 

Options
Exercisable

 

 

Options
Outstanding

 

 

Weighted Average
Remaining Life
(years)

 

 

Options
Exercisable

 

$10.00 - $12.99

 

 

146,553

 

 

 

1.71

 

 

 

146,553

 

 

 

146,553

 

 

 

1.96

 

 

 

146,553

 

$13.00 - $16.99

 

 

432,375

 

 

 

6.19

 

 

 

341,985

 

 

 

435,175

 

 

 

6.45

 

 

 

280,905

 

$17.00 - $26.99

 

 

586,400

 

 

 

8.42

 

 

 

97,000

 

 

 

622,200

 

 

 

8.69

 

 

 

100,200

 

 

 

 

1,165,328

 

 

 

6.75

 

 

 

585,538

 

 

 

1,203,928

 

 

 

7.06

 

 

 

527,658

 

Schedule of Nonvested Share Activity

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

 

 

March 31, 2023

 

 

December 31, 2022

 

(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,

 

 

676,270

 

 

$

3.82

 

 

 

858,670

 

 

$

3.15

 

Granted during the period

 

 

13,000

 

 

 

5.95

 

 

 

136,000

 

 

 

6.80

 

Vested during the period

 

 

(65,080

)

 

 

2.59

 

 

 

(219,900

)

 

 

3.07

 

Forfeited during the period

 

 

(44,400

)

 

 

3.46

 

 

 

(98,500

)

 

 

3.70

 

Nonvested at end of period

 

 

579,790

 

 

$

3.81

 

 

 

676,270

 

 

$

3.82

 

Schedule Of Stock Warrant Activity

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

 

 

March 31, 2023

 

 

December 31, 2022

 

(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

 

 

179,285

 

 

$

22.23

 

 

 

4,285

 

 

$

11.00

 

Granted during the period

 

 

 

 

 

 

 

 

175,000

 

 

 

22.50

 

Exercised during the period

 

 

 

 

 

 

 

 

 

 

 

 

Expired or forfeited during the period

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at end of period

 

 

179,285

 

 

$

22.23

 

 

 

179,285

 

 

$

22.23

 

Exercisable at end of period

 

 

179,285

 

 

$

22.23

 

 

 

179,285

 

 

$

22.23

 

Summary of Activity for Non-vested RSAs

A summary of the activity for non-vested RSAs for the three months ended March 31, 2023 and the year ended December 31, 2022 is presented below:

 

 

March 31, 2023

 

 

December 31, 2022

 

(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

 

 

76,094

 

 

$

22.35

 

 

 

49,750

 

 

$

24.00

 

Granted during the period

 

 

47,762

 

 

 

15.84

 

 

 

54,424

 

 

 

21.81

 

Vested during the period

 

 

(6,536

)

 

 

24.70

 

 

 

(18,580

)

 

 

24.00

 

Forfeited during the period

 

 

 

 

 

 

 

 

(9,500

)

 

 

24.67

 

Nonvested at the end of period

 

 

117,320

 

 

$

19.57

 

 

 

76,094

 

 

$

22.35