Restricted Stock Plan

9 Months Ended

Sep. 30, 2025

Restricted Stock Plan

Restricted Stock Plan

Note 11:           Restricted Stock Plan

A summary of the status of the Company’s nonvested restricted shares as of September 30, 2025, and changes during the nine months ended September 30, 2025, is presented below:

	Weighted-
	Average
	Grant-Date
	Shares	Fair Value
Nonvested, beginning of year	287,790	$	11.68
Granted	—		—
Vested	(10,000)		9.00
Forfeited	—		—
Nonvested, end of quarter	277,790	$	11.78

Total compensation cost recognized in the income statement for share-based payment arrangements during the three and nine months ended September 30, 2025 was $88,000 and $265,000, respectively. Total compensation cost recognized in the income statement for share-based payment arrangements during the three and nine months ended September 30, 2024 was $42,000 and $721,000. The 10,000 shares vested during the first quarter of 2025.