STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2025

A summary of changes in the Company’s nonvested restricted shares for the six months ended June 30, 2025 and June 30, 2024 follows:


	Shares	Weighted-Average Grant-Date Fair Value, per share
Nonvested at January 1, 2025	47,485	$	14.54
Granted	25,800	15.78
Vested	(24,225)	(13.23)
Forfeited	(540)	(15.03)
Nonvested at June 30, 2025	48,520	$	15.85


	Shares	Weighted-Average Grant-Date Fair Value, per share
Nonvested at January 1, 2024	52,195	$	18.75
Granted	30,650	11.70
Vested	(28,710)	(18.50)
Forfeited	(1,025)	(16.48)
Nonvested at June 30, 2024	53,110	$	14.86

A summary of the activity in the Equity Plan for the six months ended June 30, 2025 and June 30, 2024 follows:


	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Outstanding at January 1, 2025	364,063	$	15.68

Exercised	(1,050)	(14.67)


Outstanding at June 30, 2025	363,013	$	15.68	3.67	$	—
Vested and exercisable at June 30, 2025	357,748	$	15.69	3.65	$	—


	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Outstanding at January 1, 2024	367,033	$	15.68


Forfeited	(1,575)	(15.41)

Outstanding at June 30, 2024	365,458	$	15.68	5.16	$	—
Vested and exercisable at June 30, 2024	350,660	$	15.71	5.12	$	—