v3.26.1
Stock Based Compensation (Tables)
3 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Shares Held by the ESOP

Shares held by the ESOP were as follows:

 

 

 

As of June 30,

 

 

 

2026

 

 

2025

 

 

 

(Dollars in thousands)

 

Shares allocated

 

 

46,272

 

 

 

33,048

 

Unallocated

 

 

284,193

 

 

 

297,417

 

Total ESOP shares

 

 

330,465

 

 

 

330,465

 

Fair value of unearned shares as of June 30, 2026 and 2025, respectively

 

$

5,408

 

 

$

4,497

 

Summary of Stock Option Activity

The following is a summary of the Company's stock option activity and related information for the periods presented.

 

Stock Options - for the three months ended June 30, 2026 and 2025

 

Shares

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Contractual Term (in years)

 

 

Aggregate Intrinsic Value

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

Options, outstanding at March 31, 2026

 

 

319,924

 

 

$

14.63

 

 

 

8.8

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

1,000

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Options, outstanding at June 30, 2026

 

 

318,924

 

 

$

14.63

 

 

 

8.5

 

 

 

1,408

 

Exercisable - End of Period

 

 

64,785

 

 

 

 

 

 

 

 

$

285

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options, outstanding at March 31, 2025

 

 

308,924

 

 

$

14.63

 

 

 

9.7

 

 

 

 

Granted

 

 

15,000

 

 

 

14.61

 

 

 

9.9

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Options, outstanding at June 30, 2025

 

 

323,924

 

 

$

14.63

 

 

 

9.5

 

 

 

159

 

Exercisable - End of Period

 

 

 

 

 

 

 

 

 

 

$

 

Summary of Restricted shares

The following is a summary of the status of the Company's restricted shares as of and for the periods presented.

 

Restricted Stock - for the three months ended June 30, 2026 and 2025

 

Shares

 

 

Weighted Average Grant Date Fair Value

 

 

 

 

 

 

Nonvested balance as of March 31, 2026

 

 

111,054

 

 

$

14.64

 

Granted

 

 

 

 

 

 

Vested

 

 

(1,800

)

 

 

14.61

 

Forfeited

 

 

 

 

 

 

Nonvested balance as of June 30, 2026

 

 

109,254

 

 

$

14.64

 

 

 

 

 

 

 

 

Nonvested balance as of March 31, 2025

 

 

129,066

 

 

$

14.64

 

Granted

 

 

9,000

 

 

 

14.61

 

Vested

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

Nonvested balance as of June 30, 2025

 

 

138,066

 

 

$

14.64

 

Summary of Stock Based Compensation Expense

The following table presents the stock-based compensation expense for the periods presented.

 

 

 

For the Three Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

 

(Dollars in thousands)

 

Stock option expense

 

$

90

 

 

$

88

 

Restricted stock expense

 

 

99

 

 

 

97

 

   Total stock-based compensation expense

 

$

189

 

 

$

185