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SHARE-BASED COMPENSATION (Tables) | 6 Months Ended
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Jun. 30, 2023
Share-Based Payment Arrangement [Abstract] |
Summary of 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,
| 2023 |  | 2022 |  | 2023 |  | 2022
Stock and ESPP Options |  |  |  |  |  |  |
Pre-tax compensation expense | $ | 15 |  |  | $ | 21 |  |  | $ | 44 |  |  | $ | 49 |
Income tax expense (benefit) | (6) |  |  | (57) |  |  | (62) |  |  | (73) |
Stock and ESPP option expense, net of income taxes | $ | 9 |  |  | $ | (36) |  |  | $ | (18) |  |  | $ | (24) |
Restricted Stock Awards |  |  |  |  |  |  |
Pre-tax compensation expense | $ | 1,220 |  |  | $ | 1,123 |  |  | $ | 2,388 |  |  | $ | 2,195 |
Income tax expense (benefit) | (257) |  |  | (234) |  |  | (513) |  |  | (461) |
Restricted stock awards expense, net of income taxes | $ | 963 |  |  | $ | 889 |  |  | $ | 1,875 |  |  | $ | 1,734 |
Total Share-Based Compensation |  |  |  |  |  |  |
Pre-tax compensation expense | $ | 1,235 |  |  | $ | 1,144 |  |  | $ | 2,432 |  |  | $ | 2,244 |
Income tax expense (benefit) | (263) |  |  | (291) |  |  | (575) |  |  | (534) |
Total share-based compensation expense, net of income taxes | $ | 972 |  |  | $ | 853 |  |  | $ | 1,857 |  |  | $ | 1,710 |
Summary of Stock Option Activity Under Stock Option Plans | Stock option activity under the Corporation's stock option plans as of June 30, 2023 and changes during the six months ended June 30, 2023, were as follows:
| Number of Shares |  | Weighted-Average Exercise Price |  | Weighted Average Remaining Contractual Term (in Years) |  | Aggregate Intrinsic Value
Outstanding at January 1, 2023 | 155,100 |  |  | $ | 18.89 |  |  |  |  |
Exercised | (65,025) |  |  | $ | 17.07 |  |  |  |  |
Outstanding June 30, 2023 | 90,075 |  |  | $ | 20.21 |  |  | 2.43 |  | $ | 722,748 |
Vested and Expected to Vest at June 30, 2023 | 90,075 |  |  | $ | 20.21 |  |  | 2.43 |  | $ | 722,748 |
Exercisable at June 30, 2023 | 90,075 |  |  | $ | 20.21 |  |  | 2.43 |  | $ | 722,748 |
Summary of Unvested RSAs Outstanding | The following table summarizes information on unvested RSAs outstanding as of June 30, 2023:
| Number of Shares |  | Weighted-Average Grant Date Fair Value
Unvested RSAs at January 1, 2023 | 416,705 |  |  | $ | 36.97 |
Granted | 28,143 |  |  | $ | 31.20 |
Vested | (14,657) |  |  | $ | 27.00 |
Forfeited | (1,200) |  |  | $ | 36.31 |
Unvested RSAs at June 30, 2023 | 428,991 |  |  | $ | 36.93 |

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