Note 15:   Share-Based Payment Plans

Equity-based incentive awards for Company officers are currently issued pursuant to the 2017 Equity Incentive Plan. The Company did not issue any shares during the three months ended June 30, 2026 and 2025, respectively. The Company issued 68,893 and 80,875 shares during the six months ended June 30, 2026 and 2025, respectively.

The Compensation Committee of the Board of Directors also approved a plan for non-executive directors to receive a portion of their annual retainer fees in the form of shares of common stock. They are to receive a portion of their annual fees, issued quarterly, in the form of restricted common stock equal to $70,000 per member, rounded up to the nearest whole share. Accordingly, there were 2,667 and 3,752 shares issued to non-executive directors during the three months ended June 30, 2026 and 2025, respectively and there were 5,306 and 6,615 shares issued to non-executive directors during the six months ended June 30, 2026 and 2025, respectively.

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The Company also established an ESOP to provide shares of stock for all employees who meet certain requirements. There was no contribution to the ESOP during the three months ended June 30, 2026 and 2025. Expenses recognized for the contribution to the ESOP totaled $422,000 and $389,000 for the three months ended June 30, 2026 and 2025, respectively and totaled $836,000 and $726,000 for the six months ended June 30, 2026 and 2025, respectively. The Company contributed 43,868 shares and 30,802 shares to the ESOP for the six months ended June 30, 2026 and 2025, respectively.

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