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SHARE-BASED COMPENSATION (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Stock and ESPP Options |  |  |  |  |  |  |
Pre-tax compensation expense | $ | 35 |  |  | $ | 15 |  |  | $ | 80 |  |  | $ | 64 |
Income tax expense (benefit) | — |  |  | — |  |  | (62) |  |  | (74) |
Stock and ESPP option expense, net of income taxes | $ | 35 |  |  | $ | 15 |  |  | $ | 18 |  |  | $ | (10) |
Restricted Stock Awards |  |  |  |  |  |  |
Pre-tax compensation expense | $ | 1,325 |  |  | $ | 1,171 |  |  | $ | 3,712 |  |  | $ | 3,366 |
Income tax expense (benefit) | (393) |  |  | (332) |  |  | (906) |  |  | (792) |
Restricted stock awards expense, net of income taxes | $ | 932 |  |  | $ | 839 |  |  | $ | 2,806 |  |  | $ | 2,574 |
Total Share-Based Compensation |  |  |  |  |  |  |
Pre-tax compensation expense | $ | 1,360 |  |  | $ | 1,186 |  |  | $ | 3,792 |  |  | $ | 3,430 |
Income tax expense (benefit) | (393) |  |  | (332) |  |  | (968) |  |  | (866) |
Total share-based compensation expense, net of income taxes | $ | 967 |  |  | $ | 854 |  |  | $ | 2,824 |  |  | $ | 2,564 |
Summary of Stock Option Activity Under Stock Option Plans | Stock option activity under the Corporation's stock option plans as of September 30, 2023 and changes during the nine months ended September 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 September 30, 2023 | 90,075 |  |  | $ | 20.21 |  |  | 2.18 |  | $ | 685,817 |
Vested and Expected to Vest at September 30, 2023 | 90,075 |  |  | $ | 20.21 |  |  | 2.18 |  | $ | 685,817 |
Exercisable at September 30, 2023 | 90,075 |  |  | $ | 20.21 |  |  | 2.18 |  | $ | 685,817 |
Summary of Unvested RSAs Outstanding | The following table summarizes information on unvested RSAs outstanding as of September 30, 2023:
| Number of Shares |  | Weighted-Average Grant Date Fair Value
Unvested RSAs at January 1, 2023 | 416,705 |  |  | $ | 36.97 |
Granted | 164,034 |  |  | $ | 31.67 |
Vested | (129,092) |  |  | $ | 26.87 |
Forfeited | (1,700) |  |  | $ | 35.65 |
Unvested RSAs at September 30, 2023 | 449,947 |  |  | $ | 37.94 |

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