Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation and Other Benefit Plans (Tables)

v3.20.4
Stock-Based Compensation and Other Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Stock Based Compensation Expense

A summary of selected data related to stock-based compensation expense follows:

 

 

 

2008 Stock Plan

 

 

 

For the Years Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

 

 

(Dollars in thousands)

 

Stock-based compensation expense

 

$

183

 

 

$

328

 

 

$

545

 

Amount of cash received from exercise of awards

 

 

4

 

 

 

1,880

 

 

 

2,991

 

 

 

 

2008 Stock Plan

 

 

 

As of December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

 

 

(Dollars in thousands)

 

Unrecognized compensation expense related to stock-based

   compensation

 

$

49

 

 

$

243

 

 

$

625

 

Weighted-average life over which expense is expected to be

   recognized (years)

 

 

0.6

 

 

 

1.3

 

 

 

1.9

 

A summary of selected data related to stock-based compensation expense follows:

 

 

 

2017 Stock Plan

 

 

 

For the Years Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

 

 

 

 

 

 

(Dollars in thousands)

 

Stock-based compensation expense

 

$

190

 

 

$

170

 

 

$

127

 

Amount of cash received from exercise of awards

 

 

611

 

 

 

86

 

 

 

150

 

 

 

 

2017 Stock Plan

 

 

 

As of December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

 

 

 

 

 

 

(Dollars in thousands)

 

Unrecognized compensation expense related to stock-based compensation

 

$

318

 

 

$

515

 

 

$

685

 

Weighted-average life over which expense is expected to be recognized (years)

 

 

2.1

 

 

 

2.8

 

 

 

4.1

 

 

A summary of selected data related to stock-based compensation expense for the years ended December 31, 2020 and 2019 are as follows:

 

 

 

Restricted Stock Unit Awards

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

(Dollars in thousands)

 

Stock-based compensation expense

 

$

606

 

 

$

141

 

Unrecognized compensation expense related to stock-based compensation

 

$

2,298

 

 

$

1,181

 

Weighted-average life over which expense is expected to be recognized (years)

 

 

4.24

 

 

 

4.45

 

 

Summary of Activity Related to Restricted Stock Units

The following table presents the activity for the year ended December 31, 2020 related to restricted stock units from the 2017 Stock Plan:

 

 

2017 Stock Plan

 

 

 

Restricted Stock Unit Awards

 

 

 

Shares

 

 

Weighted

Average

Grant Date

Fair Value

 

Outstanding at January 1, 2020

 

 

59,280

 

 

$

 

Granted

 

 

159,247

 

 

$

11.69

 

Vested

 

 

(15,788

)

 

 

 

 

Forfeited

 

 

(2,500

)

 

 

21.20

 

Outstanding at December 31, 2020

 

 

200,239

 

 

$

13.31

 

Bank4Texas Warrants  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Warrant Activity

The following table presents the activity for the period indicated related to the Bank4Texas Warrants:

 

 

 

Bank4Texas Warrants

 

 

 

Warrants

 

 

Weighted

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

(thousands)

 

 

Weighted

Average

Remaining

Contractual

Life (Years)

 

Outstanding at January 1, 2020

 

 

9,872

 

 

$

10.50

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(5,514

)

 

 

10.50

 

 

$

35

 

 

 

 

 

Forfeited (1)

 

 

(4,358

)

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2020

 

 

-

 

 

$

10.50

 

 

$

-

 

 

 

 

Vested and exercisable at December 31, 2020

 

 

-

 

 

$

10.50

 

 

$

-

 

 

 

 

(1)

Forfeitures are accounted for in the period they occur

2008 Stock Plan  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Option Activity

The following table presents the activity during the year ended December 31, 2020 related to the 2008 Stock Plan:

 

 

 

2008 Stock Plan

 

 

 

Options

 

 

Weighted

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

(thousands)

 

 

Weighted

Average

Remaining

Contractual

Life (Years)

 

Outstanding at January 1, 2020

 

 

898,572

 

 

$

13.39

 

 

$

8,636

 

 

4.38

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(50,500

)

 

 

12.09

 

 

 

238

 

 

 

 

Forfeited (1)

 

 

(2,200

)

 

 

15.32

 

 

 

 

 

 

 

 

 

Expired

 

 

(5,000

)

 

 

10.50

 

 

 

32

 

 

 

 

Outstanding at December 31, 2020

 

 

840,872

 

 

$

13.48

 

 

 

2,792

 

 

 

3.49

 

Vested and exercisable at December 31, 2020

 

 

798,512

 

 

$

13.46

 

 

 

2,667

 

 

 

3.39

 

 

(1)

Forfeitures are accounted for in the period they occur

2017 Stock Plan  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Option Activity

The following table presents the activity during the year ended December 31, 2020 related to the 2017 Stock Plan:

 

 

2017 Stock Plan

 

 

 

Options

 

 

Weighted

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

(thousands)

 

 

Weighted

Average

Remaining

Contractual

Life (Years)

 

Outstanding at January 1, 2020

 

 

199,447

 

 

$

17.53

 

 

$

1,091

 

 

 

7.70

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited (1)

 

 

(1,733

)

 

 

15.00

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2020

 

 

197,714

 

 

$

17.55

 

 

$

148

 

 

 

6.71

 

Vested and exercisable at December 31, 2020

 

 

100,953

 

 

$

16.98

 

 

$

18

 

 

 

6.59

 

 

(1)

Forfeitures are accounted for in the period they occur