Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation and Other Benefit Plans (Tables)

v3.21.1
Stock-Based Compensation and Other Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Activity Related to Restricted Stock Units

The following table presents the activity during the period 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, 2021

 

 

200,239

 

 

$

13.31

 

Granted

 

 

6,107

 

 

 

16.80

 

Vested

 

 

(1,591

)

 

 

23.23

 

Forfeited

 

 

(1,500

)

 

 

9.02

 

Outstanding at March 31, 2021

 

 

203,255

 

 

$

13.91

 

Summary of Stock Based Compensation Expense

A summary of selected data related to stock-based compensation expense for the three months ended March 31, 2021 and 2020 are as follows:

 

 

 

Restricted Stock Unit Awards

 

 

 

March 31,

 

 

 

2021

 

 

2020

 

 

 

(Dollars in thousands)

 

Stock-based compensation expense

 

$

145

 

 

$

237

 

Unrecognized compensation expense related to stock-based compensation

 

$

2,287

 

 

$

1,064

 

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

 

 

4.02

 

 

 

3.82

 

Oasis Warrants  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Warrant Activity Activity for the Oasis Bank Warrants for the period indicated is summarized as follows: 

 

 

 

Oasis Warrants

 

 

 

Warrants

 

 

Weighted

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

(thousands)

 

 

Weighted

Average

Remaining

Contractual

Life (Years)

 

Outstanding at January 1, 2021

 

 

19,140

 

 

$

12.84

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(3,828

)

 

 

12.84

 

 

$

36

 

 

 

 

 

Forfeited (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2021

 

 

15,312

 

 

$

12.84

 

 

$

145

 

 

 

1.67

 

Vested and exercisable at March 31, 2021

 

 

15,312

 

 

$

12.84

 

 

$

145

 

 

 

1.67

 

 

 

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

Option activity for the period indicated is summarized as follows:

 

 

 

2008 Stock Plan

 

 

 

Options

 

 

Weighted

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

(in thousands)

 

 

Weighted

Average

Remaining

Contractual

Life (Years)

 

Outstanding at January 1, 2021

 

 

840,872

 

 

$

-

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(103,400

)

 

$

14.07

 

 

$

852

 

 

 

 

 

Forfeited

 

 

(260

)

 

$

14.15

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2021

 

 

737,212

 

 

$

13.40

 

 

 

6,569

 

 

 

3.23

 

Vested and exercisable at March 31, 2021

 

 

715,884

 

 

$

13.40

 

 

 

6,379

 

 

 

3.17

 

 

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

Option activity for the period indicated is summarized as follows:

 

 

 

2017 Stock Plan

 

 

 

Options

 

 

Weighted

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

(in thousands)

 

 

Weighted

Average

Remaining

Contractual

Life (Years)

 

Outstanding at January 1, 2021

 

 

197,714

 

 

$

-

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(2,000

)

 

 

15

 

 

 

15

 

 

 

 

 

Forfeited

 

 

 

 

$

-

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2021

 

 

195,714

 

 

$

17.58

 

 

 

926

 

 

 

6.47

 

Vested and exercisable at March 31, 2021

 

 

121,147

 

 

$

16.66

 

 

 

684

 

 

 

6.28