Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay Versus Performance

In accordance with a final rule adopted by the SEC in August 2022 implementing Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, we are providing the following table that sets forth certain compensation measures for certain of our officers alongside certain performance metrics for the Company:


										Average
										Summary				Average				Value of
										Compensation				Compensation				Initial Fixed
										Table Total				Actually Paid				$100 Investment
		Summary				Compensation				for Non-PEO				to Non-PEO				Based on
		Compensation Table				Actually Paid				Named Executive				Named Executive				Total Shareholder				Net Income
		Total for PEO(1)				to PEO(2)				Officers(1)				Officers(2)				Return(3)				(in thousands)
Year		($)				($)				($)				($)				($)				($)
2025			1,118,007				1,151,125				703,973				724,319				124.39				8,214
2024			1,033,801				1,045,706				672,474				691,733				109.51				15,343
2023			795,222				708,845				523,749				474,812				86.68				9,357

___________________

(1)

The PEO and non-PEOs for each year are as follows:

a.

PEO: Brandon C. Lorey

b.

Non-PEOs were Kathleen J. Chappell and Joseph T. Zmitrovich

(2)

Compensation Actually Paid is a calculation that begins with the Summary Compensation Table “SCT” total compensation in the given year with certain adjustments prescribed by the SEC rules. The following table provides a reconciliation of SCT total compensation with Compensation Actually Paid:


																								Change in Fair
																Change in Fair				Fair Value of				Value of Stock
												Fair Value of				Value of				Stock Awards				Awards from
												Stock Awards				Unvested Stock				Granted and				Prior Years that				Fair Value of
								SCT Stock				Granted in the				Awards from				Vested in the				Vested in the				Stock Awards				Compensation
Name		Year		SCT Total				Awards				Covered Year				Prior Years				Covered Year				Covered Year				Forfeited				Actually Paid
PEO		2025		$	1,118,007			$	(222,768	)		$	243,576			$	22,987			$	—			$	(486	)		$	(10,192	)		$	1,151,125
NEO
Average		2025			703,973				(129,529	)			141,628				13,262				—				(301	)			(4,714	)		$	724,319

___________________

(3)

Total Shareholder Return represents the value of a hypothetical $100 investment beginning at market close on the last day of trading of 2022, assuming reinvestment of all dividends.

Named Executive Officers, Footnote

(1)

The PEO and non-PEOs for each year are as follows:

a.

PEO: Brandon C. Lorey

b.

Non-PEOs were Kathleen J. Chappell and Joseph T. Zmitrovich

PEO Total Compensation Amount

$ 1,118,007

$ 1,033,801

$ 795,222

PEO Actually Paid Compensation Amount

$ 1,151,125

1,045,706

708,845

Adjustment To PEO Compensation, Footnote

(2)

Compensation Actually Paid is a calculation that begins with the Summary Compensation Table “SCT” total compensation in the given year with certain adjustments prescribed by the SEC rules. The following table provides a reconciliation of SCT total compensation with Compensation Actually Paid:


																								Change in Fair
																Change in Fair				Fair Value of				Value of Stock
												Fair Value of				Value of				Stock Awards				Awards from
												Stock Awards				Unvested Stock				Granted and				Prior Years that				Fair Value of
								SCT Stock				Granted in the				Awards from				Vested in the				Vested in the				Stock Awards				Compensation
Name		Year		SCT Total				Awards				Covered Year				Prior Years				Covered Year				Covered Year				Forfeited				Actually Paid
PEO		2025		$	1,118,007			$	(222,768	)		$	243,576			$	22,987			$	—			$	(486	)		$	(10,192	)		$	1,151,125
NEO
Average		2025			703,973				(129,529	)			141,628				13,262				—				(301	)			(4,714	)		$	724,319

Non-PEO NEO Average Total Compensation Amount

$ 703,973

672,474

523,749

Non-PEO NEO Average Compensation Actually Paid Amount

$ 724,319

691,733

474,812

Adjustment to Non-PEO NEO Compensation Footnote

(2)

Compensation Actually Paid is a calculation that begins with the Summary Compensation Table “SCT” total compensation in the given year with certain adjustments prescribed by the SEC rules. The following table provides a reconciliation of SCT total compensation with Compensation Actually Paid:


																								Change in Fair
																Change in Fair				Fair Value of				Value of Stock
												Fair Value of				Value of				Stock Awards				Awards from
												Stock Awards				Unvested Stock				Granted and				Prior Years that				Fair Value of
								SCT Stock				Granted in the				Awards from				Vested in the				Vested in the				Stock Awards				Compensation
Name		Year		SCT Total				Awards				Covered Year				Prior Years				Covered Year				Covered Year				Forfeited				Actually Paid
PEO		2025		$	1,118,007			$	(222,768	)		$	243,576			$	22,987			$	—			$	(486	)		$	(10,192	)		$	1,151,125
NEO
Average		2025			703,973				(129,529	)			141,628				13,262				—				(301	)			(4,714	)		$	724,319

Compensation Actually Paid vs. Total Shareholder Return

The relationship between (1) compensation actually paid to the PEO and the average compensation actually paid to NEOs other that the PEO and (2) cumulative total shareholder return on the common stock of the Company for the last two completed fiscal years is as shown in Figure 1.

Figure 1: Compensation Actually Paid and Total Shareholder Return (TSR)

Compensation Actually Paid vs. Net Income

The relationship between (1) compensation actually paid to the PEO and the average compensation actually paid to NEOs other than the PEO and (2) net income of the Company for the last two completed fiscal years is shown in Figure 2.

Figure 2: Compensation Actually Paid and Net Income

Total Shareholder Return Amount

$ 124.39

109.51

86.68

Net Income (Loss)

$ 8,214,000

$ 15,343,000

$ 9,357,000

Brandon C. Lorey

Brandon C. Lorey

Brandon C. Lorey

PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (222,768)

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

243,576

PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

22,987

PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(486)

PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(10,192)

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(129,529)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

141,628

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

13,262

Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(301)

Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (4,714)