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SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule 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. For the years ended 2023 and 2022, RSAs vested at a stock price higher than the grant date stock price resulting in recognition of income tax benefit at vesting of $126,000 and $86,000, respectively. In 2021, the Corporation had RSAs vest primarily at a stock price that was lower than the grant date stock price, which resulted in the recognition of income tax expense at vesting of $112,000.
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Stock and ESPP Options |  |  |  |  |
Pre-tax compensation expense | $ | 103 |  |  | $ | 95 |  |  | $ | 155 |
Income tax benefit | (62) |  |  | (74) |  |  | (92) |
Stock and ESPP option expense, net of income taxes | $ | 41 |  |  | $ | 21 |  |  | $ | 63 |
Restricted Stock Awards |  |  |  |  |
Pre-tax compensation expense | $ | 5,055 |  |  | $ | 4,557 |  |  | $ | 4,607 |
Income tax benefit | (1,188) |  |  | (1,043) |  |  | (855) |
Restricted stock awards expense, net of income taxes | $ | 3,867 |  |  | $ | 3,514 |  |  | $ | 3,752 |
Total Share-Based Compensation: |  |  |  |  |
Pre-tax compensation expense | $ | 5,158 |  |  | $ | 4,652 |  |  | $ | 4,762 |
Income tax benefit | (1,250) |  |  | (1,117) |  |  | (947) |
Total share-based compensation expense, net of income taxes | $ | 3,908 |  |  | $ | 3,535 |  |  | $ | 3,815 |
Schedule of Stock Option Activity Under Stock Option Plans | Stock option activity under the Corporation’s stock option plans, as of December 31, 2023, and changes during the year ended December 31, 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 December 31, 2023 | 90,075 |  |  | $ | 20.21 |  |  | 1.92 |  | $ | 1,519,912 |
Vested and Expected to Vest at December 31, 2023 | 90,075 |  |  | $ | 20.21 |  |  | 1.92 |  | $ | 1,519,912 |
Exercisable at December 31, 2023 | 90,075 |  |  | $ | 20.21 |  |  | 1.92 |  | $ | 1,519,912 |
Schedule of Unvested RSAs Outstanding | The following table summarizes information on unvested RSAs outstanding as of December 31, 2023:
| Number of Shares |  | Weighted-Average Grant Date Fair Value
Unvested RSAs at January 1, 2023 | 416,705 |  |  | $ | 36.97 |
Granted | 172,573 |  |  | $ | 31.93 |
Forfeited | (2,975) |  |  | $ | 34.58 |
Vested | (133,877) |  |  | $ | 27.25 |
Unvested RSAs at December 31, 2023 | 452,426 |  |  | $ | 37.94 |

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