Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2021

EMPLOYEE BENEFIT PLANS

Compensation Expense and Related Tax Benefits for Restricted Stock

The following table presents compensation expense and related tax benefits for restricted stock awards recognized on the consolidated statement of income.

(Dollars in thousands)
	2021		2020
Compensation expense	$	158	$	128
Tax benefit		(33)		(27)
Net income effect	$	125	$	101

Summary of Non-Vested Restricted Shares Activity

The following table presents a summary of non-vested restricted shares activity for 2021.

		Weighted
		Average
		Grant Date
	Shares	Fair Value
Non-vested at January 1, 2021	20,175	$	19.62
Vested	(6,025)		19.50
Forfeited	(200)		17.90
Granted	8,839		16.55
Non-vested at December 31, 2021	22,789	$	18.48

Schedule of Stock Options Activity

A summary of the status of the outstanding stock options as of December 31, 2021 and 2020, and changes during the years ending on those dates is presented below:

		Weighted			Weighted
		Average			Average
		Exercise			Exercise
	Shares	Price		Shares	Price
Outstanding at beginning of year	81,547	$	17.78	93,147	$	17.76
Granted	—		—	—		—
Exercised	—		—	—		—
Expired	(9,600)		17.75	(11,600)		17.78
Outstanding at end of year	71,947	$	17.78	81,547	$	17.78
Options exercisable at year-end	71,947			81,547
Weighted-average fair value of options granted during the year		$	—		$	—
Intrinsic value of options exercised during the year		$	—		$	—
Intrinsic value of options cancelled during the year		$	—
Intrinsic value of options outstanding and exercisable at December 31, 2021		$	—