v3.26.1
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of shares held by ESOP
Shares held by the ESOP were as follows:
December 31, 2025December 31, 2024
(Dollars in thousands)
Shares allocated to participants456,360365,088
Unallocated shares1,825,440 1,916,712 
Total ESOP shares2,281,800 2,281,800 
Fair value of unallocated shares $22,690 $18,803 
Schedule of restricted shares activity
The following is a summary of the Company’s restricted stock shares activity and related information for the year ended December 31, 2025:
Number of Shares AwardedWeighted Average Grant Date Fair Value
Outstanding - December 31, 2024
786,764$10.78 
Granted38,5009.54 
Vested(136,483)11.19 
Forfeited(66,691)10.40 
Outstanding - December 31, 2025
622,090$10.66 
Schedule of stock option activity
The following is a summary of the Company’s stock option activity and related information for the year ended December 31, 2025:
Number of Stock OptionsWeighted Average Grant Date Fair ValueWeighted Average Exercise PriceWeighted Average Remaining Contractual Life (years)
Outstanding -December 31, 2024
2,291,686$4.09 $11.57 8.8
Exercised(1,857)12.74 11.69 
Forfeited(114,215)4.25 11.69 
Expired(45,285)4.25 11.69 
Outstanding -December 31, 2025
2,130,329$4.07 $11.56 7.1
Exercisable - December 31, 2025
1,021,917
Schedule of share-based compensation expense
The following table presents the share-based compensation expense for the years ended December 31, 2025 and 2024.
20252024
(In thousands)
Stock option expense$1,406 $1,461 
Restricted stock expense1,715 1,704 
Total share-based compensation expense$3,121 $3,165