Pay Versus Performance

The Company is providing the following disclosure in response to Item 402(v) of Regulation S-K. The information set forth below was not used by the Compensation Committee in setting compensation for our named executive officers as set forth in the Summary Compensation Table. The disclosure in this section is not to be incorporated by reference in any of our filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.

Pay Versus Performance Table

(a)	(b)		(c)		(d)			(e)			(f)		(g)
Year	Summary Compensation Table Total for PEO ⁽¹⁾		Compensation Actually Paid to PEO ⁽²⁾		Average Summary Compensation Table Total for Non-PEO Named Executive Officers ⁽¹⁾			Average Compensation Actually Paid to Non-PEO Named Executive Officers ⁽²⁾			Value of Initial Fixed $100 Investment Based on Total Shareholder Return ⁽³⁾		Net Income
2024	$	449,116	$	389,536	$	274,128		$	261,440		$	74	$	3,672,000
2023		1,348,385		1,527,565		310,435	⁽⁴⁾		318,101	⁽⁵⁾		78		6,135,000
2022		2,276,745		2,447,309		308,850			551,609			80		12,458,106

	1.	Reflects, in column (b), total compensation reported in the Summary Compensation Table (SCT) for our chief executive officer, Richard F. Hermanns, and, in column (d), average total compensation reported in the SCT for our non-PEO named executive officers, in each case for the years 2024, 2023, and 2022. The non-PEO named executive officers for all or a portion of 2024 are Steve G. Crane and John D. McAnnar. The non-PEO named executive officers for all or a portion of 2023 and 2022 are Steve G. Crane, David S. Burnett, and John D. McAnnar.
	2.	Reflects, in column (c), compensation actually paid to our PEO and, in column (e), average compensation actually paid to our non-PEO named executive officers, in each case for the years 2024, 2023, and 2022, consisting of the respective amounts set forth in columns (b) and (d) of the table, adjusted as set forth in the applicable table below, as determined in accordance with SEC rules.
	3.	Represents the cumulative total shareholder return (TSR) of the Company for the measurement periods ending on December 31 of each of 2024, 2023, and 2022, respectively assuming an investment of $100 on December 31, 2021. The TSR reflected in this column for each applicable fiscal year is calculated based on a fixed investment of $100 at the applicable measurement point on the same cumulative basis as is used in Item 201(e) of Regulation S-K and assumes reinvestment of all dividends.
	4.	Because David Burnett served as CFO until November 13, 2023 when Steve G. Crane replaced him, and because the two did not overlap, the value in this item may appear to be lower than it would have been in a year without a change in principal financial officer. If the two had been aggregated and treated as one for purposes of this calculation, the average would have been $465,653.
	5,	See note 4, above.

PEO Actually Paid Compensation Amount

$ 389,536

1,527,565

2,447,309

Non-PEO NEO Average Total Compensation Amount

$ 274,128

310,435

308,850

Adjustment to Non-PEO NEO Compensation Footnote

The following table sets forth the adjustments made during each year represented in the Pay Versus Performance Table to arrive at average compensation "actually paid" to our Non-PEO named executive officers during each of the years in question:

Adjustments to Determine Average Compensation "Actually Paid" for Non-PEO Named Executive Officers		2024		2023			2022
Deduction for amounts reported under the "Stock awards" column and stock portion of "Non-Equity Plan Incentive Compensation" column in the SCT	$	-	$	105,600		$	-
Deduction for amounts reported under the "Option awards" column in the SCT		-		-			-
Increase for Fair Value* as of year-end of awards granted during year that remain outstanding and unvested as of year-end		-		102,333			-
Increase for Fair Value* as of the vesting date of awards granted during year that vested during year		-		-			-
Increase/deduction for Change in Fair Value* from prior year-end to current year-end of awards granted prior to year that were outstanding and unvested as of year-end		(12,644	)	(1,288	)		214,982
Increase/deduction for Change in Fair Value* from prior year-end to vesting date of awards granted prior to year that vested during year		(2,763	)	10,124			24,320
Deduction of Fair Value* as of prior year-end of awards granted prior to year that were forfeited during year		-		-			-
Increase based upon Incremental Fair Value*, if any, of awards modified during year		-		-			-
Increase based upon dividends or other earnings paid during year prior to vesting date of award that are not otherwise included in total compensation		2,719		2,097			6,912
Total Adjustments		(12,688	)	7,666			242,759

*Awards include those in the "Stock awards" column and the stock portion of the "Non-Equity Incentive Plan Compensation" column. The Fair Value or Change in Fair Value, as applicable, of the equity award adjustments was computed in accordance with FASB ASC Topic 718. The valuation assumptions used to calculate such Fair Values, such as assumed volatility and risk-free rate differ from those used at the time of grant due to the fluctuation in the stock price and the corresponding Monte Carlo Value simulations valued as of the corresponding dates in accordance with Item 402(v) of Regulation S-K.