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Share-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2022
Share-Based Payment Arrangement [Abstract] |
Components of Share Based Compensation Awards | The following table summarizes the components of the Corporation's share-based compensation awards recorded as an expense and the income tax benefit of such awards.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Stock and ESPP Options |  |  |  |  |  |  |
Pre-tax compensation expense | $ | 21 |  |  | $ | 40 |  |  | $ | 49 |  |  | $ | 115 |
Income tax expense (benefit) | (57) |  |  | (20) |  |  | (73) |  |  | (92) |
Stock and ESPP option expense, net of income taxes | $ | (36) |  |  | $ | 20 |  |  | $ | (24) |  |  | $ | 23 |
Restricted Stock Awards |  |  |  |  |  |  |
Pre-tax compensation expense | $ | 1,123 |  |  | $ | 1,168 |  |  | $ | 2,195 |  |  | $ | 2,283 |
Income tax expense (benefit) | (234) |  |  | (246) |  |  | (461) |  |  | (483) |
Restricted stock awards expense, net of income taxes | $ | 889 |  |  | $ | 922 |  |  | $ | 1,734 |  |  | $ | 1,800 |
Total Share-Based Compensation |  |  |  |  |  |  |
Pre-tax compensation expense | $ | 1,144 |  |  | $ | 1,208 |  |  | $ | 2,244 |  |  | $ | 2,398 |
Income tax expense (benefit) | (291) |  |  | (266) |  |  | (534) |  |  | (575) |
Total share-based compensation expense, net of income taxes | $ | 853 |  |  | $ | 942 |  |  | $ | 1,710 |  |  | $ | 1,823 |
Stock Option Activity Under Stock Option Plans | Stock option activity under the Corporation's stock option plans as of June 30, 2022 and changes during the six months ended June 30, 2022, were as follows:
| Number of Shares |  | Weighted-Average Exercise Price |  | Weighted Average Remaining Contractual Term (in Years) |  | Aggregate Intrinsic Value
Outstanding at January 1, 2022 | 28,500 |  |  | $ | 17.14 |  |  |  |  |
Transferred Options from Level One | 148,600 |  |  | $ | 18.84 |  |  |  |  |
Exercised | (20,095) |  |  | $ | 16.74 |  |  |  |  |
Outstanding June 30, 2022 | 157,005 |  |  | $ | 18.80 |  |  | 2.95 |  | $ | 2,640,826 |
Vested and Expected to Vest at June 30, 2022 | 157,005 |  |  | $ | 18.80 |  |  | 2.95 |  | $ | 2,640,826 |
Exercisable at June 30, 2022 | 157,005 |  |  | $ | 18.80 |  |  | 2.95 |  | $ | 2,640,826 |
Summary of Unvested RSAs Outstanding | The following table summarizes information on unvested RSAs outstanding as of June 30, 2022:
| Number of Shares |  | Weighted-Average Grant Date Fair Value
Unvested RSAs at January 1, 2022 | 411,259 |  |  | $ | 35.86 |
Granted | 35,258 |  |  | $ | 33.48 |
Vested | (7,034) |  |  | $ | 38.06 |
Forfeited | (7,000) |  |  | $ | 35.56 |
Unvested RSAs at June 30, 2022 | 432,483 |  |  | $ | 35.63 |

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