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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Outstanding Restricted Stock | The following table presents information regarding the activity during 2022, 2023, and 2024 related to the Company’s outstanding restricted stock:
|  | Long-Term Restricted Stock
|  | Shares |  | Weighted Average Grant Date Fair Value
Nonvested at January 1, 2021 |  | 206,331 |  |  | $ | 35.25 |
Granted during the period |  | 95,960 |  |  | 38.09 |
Vested during the period |  | (70,110) |  |  | 36.69 |
Forfeited or expired during the period |  | (9,169) |  |  | 32.62 |
Nonvested at December 31, 2022 |  | 223,012 |  |  | 36.14 |
Granted during the period |  | 143,380 |  |  | 37.08 |
Vested during the period |  | (74,310) |  |  | 29.43 |
Forfeited or expired during the period |  | (791) |  |  | 37.88 |
Nonvested at December 31, 2023 |  | 291,291 |  |  | 38.01 |
Granted during the period |  | 67,900 |  |  | 38.14 |
Vested during the period |  | (119,906) |  |  | 41.72 |
Forfeited or expired during the period |  | (2,334) |  |  | 42.84 |
Nonvested at December 31, 2024 |  | 236,951 |  |  | $ | 36.43 |
Schedule of Company's Stock Options Outstanding | Stock option activity and related information is presented below as of and for the periods indicated:
|  | Options Outstanding
|  | Number of Shares |  | Weighted- Average Exercise Price |  | Weighted- Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value (thousands)
Balance at January 1, 2023 |  | — |  |  | $ | — |  |  |  |  |
Replacement options issued in conjunction with acquisition of GrandSouth |  | 542,345 |  |  | 20.14 |  |  |  |  |
Exercised during the period |  | (236,760) |  |  | 19.09 |  |  |  |  |
Forfeited or expired during the period |  | — |  |  | — |  |  |  |  |
Balance at December 31, 2023 |  | 305,585 |  |  | 20.95 |  |  |  |  |
Exercised during the period |  | (194,884) |  |  | 21.70 |  |  |  |  |
Forfeited or expired during the period |  | — |  |  | — |  |  |  |  |
Outstanding at December 31, 2024 |  | 110,701 |  |  | $ | 19.63 |  |  | 4.24 |  | $ | 2,694 |
Exercisable at December 31, 2024 |  | 110,701 |  |  | $ | 19.63 |  |  | 4.24 |  | $ | 2,694 |
Schedule of Share-Based Payment Arrangement, Option, Exercise Price Range | Stock options outstanding are summarized as follows as of December 31, 2024:
Shares |  | Range |  | Weighted Average Price |  | Weighted Average Remaining Life in Years
36,567 |  | $15.38 - 18.18 |  | $15.41 |  | 2.09
40,303 |  | $18.19 |  | 18.19 |  | 4.47
33,831 |  | $18.20 - 31.32 |  | 25.92 |  | 6.27
110,701 |  |  |  | $19.63 |  | 4.24
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions | The following table illustrates the assumptions for the Black-Scholes model used in determining the fair value of options granted during the year ended December 31, 2023:
Fair value per option, weighted average |  |  |  | $ | 24.85 |
Expected life (years) |  |  |  | 1.4 - 4.7
Expected stock price volatility, weighted average |  |  |  | 46.39 | %
Expected dividend yield |  |  |  | 2.05 | %
Risk-free interest rate, weighted average |  |  |  | 4.18 | %
Expected forfeiture rate |  |  |  | 0.00 | %

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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