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Share-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Statement of Weighted-Average Assumptions Used and Resulting Weighted-Average Fair Value of Option

The following table presents the weighted-average assumptions used and the resulting weighted-average fair value of each option granted for the years ended December 31, 2024, 2023 and 2022.

									For the Years Ended December 31,
									2024						2023						2022
Weighted-average risk-free interest rate									4.46		%				—		%				—		%
Expected dividend yield									—		%				—		%				—		%
Weighted-average expected volatility									54.71		%				—		%				—		%
Weighted-average expected life (in years)									7						0						0
Weighted-average fair value of each option granted									$	28.31					$	—					$	—

Summary of Stock Option Activity

The following table summarizes stock option activity for the year ended December 31, 2024:

(dollars in thousands, except weighted-average exercise price)			Number of Options						Weighted- Average Exercise Price						Weighted- Average Remaining Contractual Term in Years						Aggregate Intrinsic Value
Outstanding, December 31, 2023			1,339,396						$	27.56
Granted			19,164						46.98
Exercised			(40,392)						19.06												$	1,526
Forfeited			(26,153)						27.97
Outstanding, December 31, 2024			1,292,015						$	28.10					4.5						$	26,588
Exercisable at December 31, 2024			722,851						$	25.87					3.1						$	16,487

Summary of Non-Vested Options

A summary of the status of Customers’ non-vested options at December 31, 2024, and changes during the year ended December 31, 2024 was as follows:

			Number of Options						Weighted- Average exercise price
Non-vested at December 31, 2023			605,741						$	29.73
Granted			19,164						46.98
Vested			(30,741)						19.28
Forfeited			(25,000)						28.37
Non-vested at December 31, 2024			569,164						30.93

Status of Restricted Stock

The table below presents the status of the restricted stock units at December 31, 2024, and changes during the year ended December 31, 2024:

			Restricted Stock Units						Weighted- Average Grant- Date Fair Value
Outstanding and unvested at December 31, 2023			1,159,782						$	26.78
Granted			364,899						48.46
Vested			(316,088)						29.43
Forfeited			(98,471)						32.85
Outstanding and unvested at December 31, 2024			1,110,122						32.61

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Tabular disclosure of the changes in outstanding nonvested shares.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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