v3.26.1
BENEFIT PLANS (Tables)
 6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
Schedule of restricted stock issuances The following table summarizes the restricted stock issuances under the Company’s 2015 and 2023 Stock Incentive Plans, net of shares forfeited, if any:
2023 Plan1
2015 Plan
Restricted Stock authorized under the plan2
3.0 million1.5 million
Net restricted stock (granted)/forfeited during:
Year ended December 31, 2021 and prior—(438)
Year ended December 31, 2022—(251)
Year ended December 31, 2023(82)28
Year ended December 31, 2024(497)—
Year ended December 31, 20251825
Six months ended June 30, 2026(255)—
Total net restricted stock (granted)/forfeited(816)(636)
1    The Company’s 2023 Stock Incentive Plan provides for an initial share reserve of up to 3.0 million shares of Common Stock.
2    No stock options were granted under the Company’s 2015 or 2023 Stock Incentive Plans.
The following table summarizes the Company’s ESPP activity from inception through June 30, 2026:

Three Months Ended June 30,Year Ended December 31,
2026202520242023
Offering Period Dates
Shares purchased
Weighted avg share price
Total purchased, net of discountShares purchased
Weighted avg share price
Total purchased, net of discountShares purchasedWeighted avg share priceTotal purchased, net of discountShares purchasedWeighted avg share priceTotal purchased, net of discount
CommencementEnd
10/1/20233/15/2024— $— $— — $— $— 5 $9.83 $51 4 $13.05 51 
4/1/20249/15/2024— $— — — $— — 10 $10.21 $101 — $— — 
10/1/20243/15/2025— $— $— 4 $10.97 $48 5 $11.03 $55 — $— — 
4/1/20259/15/2025— $— $— 14 $9.95 $142 — $— $— — $— — 
10/1/20253/15/20267 $10.23 $70 8 $10.23 $77 — $— — — $— — 
4/1/20266/15/20268 $9.98 $84 — — — — $— — — $— — 
15 $20.21 $154 26 $31.15 $267 20 $31.07 $207 4 $13.05 $51 

The ESPP share activity is as follows:
Shares
ESPP shares authorized under the plan200 
ESPP shares purchased during:
Year ended December 31, 2023(4)
Year ended December 31, 2024(20)
Year ended December 31, 2025(26)
Period ended June 30, 2026(15)
Available for future purchases, June 30, 2026135 
Investment company, changes in net assets
Details of the Company’s outstanding shares related to restricted stock awards as of June 30, 2026 and December 31, 2025 are outlined below:

June 30, 2026December 31, 2025
Shares outstanding related to grants of restricted stock awards382245
Weighted average grant date fair value of awards$13.42$13.41
Additional shares outstanding related to dividends on awards2431
Schedule of unrecognized compensation
As of June 30, 2026 and December 31, 2025, the Company’s total unrecognized compensation expense related to unvested shares of restricted stock granted was as follows:

June 30, 2026December 31, 2025
Unrecognized compensation expense on unvested awards$5,219$2,680
Weighted-average period of unrecognized compensation expense1.4 years1.3 years
The Company’s total stock-based compensation expense included within Salaries and employee benefits expense in the Consolidated Statements of Income for the three and six months ended June 30, 2026 and 2025 is summarized below:

Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Restricted stock awards$602 $1,533 $1,159 $3,361 
ESPP9 23 17 29 
Total compensation cost recognized for stock-based compensation plans$611 $1,556 $1,176 $3,390