XML 76 R60.htm IDEA: XBRL DOCUMENT v3.20.4
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Share-Based Compensation  
Schedule of stock option activity

Year Ended December 31,

 

2020

2019

2018

 

Weighted

Weighted

Weighted

 

Average

Average

Average

 

Exercise

Exercise

Exercise

 

 

Shares

Price

Shares

Price

Shares

Price

 

Outstanding at January 1, 2020

    

176,888

    

$

67.14

    

213,866

    

$

61.28

    

218,689

    

$

52.75

Granted

 

 

 

34,407

 

91.05

Assumed stock options and warrants from CSFL merger

136,831

37.85

Exercised

 

(52,331)

 

32.12

(36,978)

 

33.26

(33,424)

 

30.88

Forfeited

 

(4,963)

 

48.89

 

(5,806)

 

91.35

Outstanding at December 31, 2020

 

256,425

 

59.01

176,888

 

67.14

213,866

 

61.28

Exercisable at December 31, 2020

 

256,425

 

59.01

131,216

 

60.12

140,115

 

49.41

Weighted-average fair value of options granted during the year

$

$

$

28.01

Schedule of information pertaining to options outstanding

Options Outstanding

Options Exercisable

Weighted

Weighted

Average

Average

Remaining

Weighted

Weighted

Remaining

Range of

Number

Contractual

Average

Number

Average

Contractual

Exercise Prices

Outstanding

Life

Exercise Price

Outstanding

Exercise Price

Life

$

19.16

-

$

40.00

    

45,002

    

3.1

years

$

31.11

    

45,002

$

31.11

    

3.1

years

$

40.01

-

$

55.00

 

74,579

 

7.7

years

$

44.46

 

74,579

$

44.46

7.7

years

$

55.01

-

$

70.00

 

74,609

 

4.1

years

$

63.61

 

74,609

$

63.61

4.1

years

$

70.01

-

$

85.00

years

$

$

years

$

85.01

-

$

91.35

 

62,235

 

6.6

years

$

91.12

62,235

$

91.12

6.6

years

 

256,425

 

4.5

years

$

59.01

 

256,425

$

59.01

 

4.5

years

Schedule of weighted-average assumptions used in valuing options

Year ended December 31,

    

2020

    

2019

    

2018

Dividend yield

 %  

 %  

  

1.46

%

Expected life

 

years  

years  

 

8.5

years

Expected volatility

 

%  

  

%  

 

28.0

%

Risk-free interest rate

 

%  

  

%  

 

2.54

%

Summary of nonvested restricted stock

    

    

Weighted-

 

Average

 

Grant-Date

 

Restricted Stock

Shares

Fair Value

 

Nonvested at January 1, 2020

 

69,450

$

58.96

Assumed restricted stock shares from CSFL merger

9,755

60.27

Granted

 

9,145

 

55.96

Vested

 

(77,029)

 

58.67

Forfeited

 

(317)

 

65.86

Nonvested at December 31, 2020

 

11,004

$

59.42

Vesting schedule of shares

    

Shares

 

2021

 

7,935

2022

 

751

2023

 

751

2024

 

1,567

2025

 

Thereafter

 

 

11,004

Summary of nonvested RSUs

    

    

Weighted-

 

Average

 

Grant-Date

 

Restricted Stock Units

Shares

Fair Value

 

Nonvested at January 1, 2020

 

324,601

$

76.44

Assumed restricted stock units from CSFL merger

388,381

60.27

Granted

 

382,205

 

61.27

Vested

(275,661)

75.63

Forfeited

(68,705)

74.09

Nonvested at December 31, 2020

 

750,821

$

60.88