Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2022

Stock-Based Compensation [Abstract]

Stock Option Activity

The following summarizes stock option activity for the three months ended March 31, 2022:

	Stock Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)		Aggregate Intrinsic Value
Outstanding at December 31, 2021		862,488		$	4.41		8.2	$	8,088,660
Options exercised		(16,800	)		2.37				248,312
Options forfeited		(6,660	)		3.28				92,357
Outstanding at March 31, 2022		839,028		$	4.46		8.0	$	10,645,951
Options vested and exercisable at March 31, 2022		592,632		$	4.58		8.0	$	7,447,226

Pre-Tax and After-Tax Stock-Based Compensation Expense

The following tables present pre-tax and after-tax stock-based compensation expense recognized:

	For the Three Months Ended March 31,
($ in thousands)	2022		2021
Pre-tax
Stock options	$	39	$	747
Restricted shares		—		234
Total	$	39	$	981
After-tax
Stock options	$	38	$	681
Restricted shares		—		478
Total	$	38	$	1,159