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Equity Incentive Plan (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Company's Restricted Stock

The following is a summary of the status of the Company’s restricted shares, and changes therein during the twelve months ended December 31, 2024:

 

 

 

December 31, 2024

 

 

 

Number of
Restricted
Shares

 

 

Weighted
Average
Grant Date
Fair Value

 

Nonvested at beginning of period

 

 

85,670

 

 

$

21.88

 

Granted

 

 

42,239

 

 

 

15.51

 

Vested

 

 

(36,060

)

 

 

21.47

 

Forfeited

 

 

(1,518

)

 

 

21.41

 

Nonvested at end of period

 

 

90,331

 

 

 

19.14

 

The following is a summary of the status of the Company’s awarded restricted shares as of December 31, 2024:

 

At December 31, 2024

 

Date of Award

 

Shares

 

 

Remaining Expense

 

 

Remaining Vesting Period (Years)

 

March 14, 2020

 

 

2,027

 

 

$

 

 

 

0.00

 

March 3, 2021

 

 

4,944

 

 

 

47

 

 

 

1.00

 

March 3, 2022

 

 

6,799

 

 

 

112

 

 

 

2.00

 

March 3, 2022

 

 

4,847

 

 

 

 

 

 

0.00

 

March 14, 2023

 

 

13,062

 

 

 

218

 

 

 

3.00

 

March 14, 2023

 

 

17,431

 

 

 

188

 

 

 

1.00

 

March 12, 2024

 

 

26,238

 

 

 

327

 

 

 

4.00

 

March 12, 2024

 

 

13,696

 

 

 

140

 

 

 

2.00

 

August 9, 2024

 

 

1,287

 

 

 

20

 

 

 

3.00

 

 

 

90,331

 

 

$

1,052

 

 

 

2.34