Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2025

A summary of stock option activity under the 2018 Plan and 2006 Plan during the six months ended June 30, 2025:


Options	Number of Shares	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
	(dollars in thousands, except per share amounts; unaudited)
Outstanding at December 31, 2024	186,354	$	9.80	2.8	$	13,996
Granted	—	—
Exercised	(58,420)	9.02			$	5,133
Expired	—	—
Forfeited	(1,280)	10.59
Outstanding at June 30, 2025	126,654	$	10.16	2.6	$	10,982
Vested at June 30, 2025	57,258	$	10.03	2.5	$	4,972
Exercisable at June 30, 2025	57,258	$	10.03	2.5	$	4,972

A summary of the Company’s nonvested RSUs at June 30, 2025 and changes during the six month period is presented below:


Nonvested shares - RSUs	Number of Shares	Weighted- Average Grant Date Fair Value
	(dollars in thousands, except per share amounts; unaudited)
Nonvested shares at December 31, 2024	563,384	$	36.20
Granted	114,660	$	75.18
Forfeited or expired	(14,393)	$	56.59
Vested	(122,708)	$	34.42
Nonvested shares at June 30, 2025	540,943	$	44.32

A summary of the Company’s nonvested shares at June 30, 2025 and changes during the six-month period is presented below:


Nonvested shares - RSAs	Number of Shares	Weighted- Average Grant Date Fair Value
	(dollars in thousands, except per share amounts; unaudited)
Nonvested shares at December 31, 2024	18,698	$	40.90
Granted	10,039	$	87.19
Forfeited	—	$	—
Vested	(17,198)	$	42.91
Nonvested shares at June 30, 2025	11,539	$	78.17