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SHARE-BASED COMPENSATION (Tables) | 6 Months Ended
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Jun. 30, 2024
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,
| 2024 |  | 2023 |  | 2024 |  | 2023
Stock and ESPP Options |  |  |  |  |  |  |
Pre-tax compensation expense | $ | 35 |  |  | $ | 15 |  |  | $ | 102 |  |  | $ | 44 |
Income tax expense (benefit) | (40) |  |  | (6) |  |  | (40) |  |  | (62) |
Stock and ESPP option expense, net of income taxes | $ | (5) |  |  | $ | 9 |  |  | $ | 62 |  |  | $ | (18) |
Restricted Stock Awards |  |  |  |  |  |  |
Pre-tax compensation expense | $ | 1,316 |  |  | $ | 1,220 |  |  | $ | 2,652 |  |  | $ | 2,388 |
Income tax expense (benefit) | (258) |  |  | (257) |  |  | (523) |  |  | (513) |
Restricted stock awards expense, net of income taxes | $ | 1,058 |  |  | $ | 963 |  |  | $ | 2,129 |  |  | $ | 1,875 |
Total Share-Based Compensation |  |  |  |  |  |  |
Pre-tax compensation expense | $ | 1,351 |  |  | $ | 1,235 |  |  | $ | 2,754 |  |  | $ | 2,432 |
Income tax expense (benefit) | (298) |  |  | (263) |  |  | (563) |  |  | (575) |
Total share-based compensation expense, net of income taxes | $ | 1,053 |  |  | $ | 972 |  |  | $ | 2,191 |  |  | $ | 1,857 |
Summary of Stock Option Activity Under Stock Option Plans | Stock option activity under the Corporation's stock option plans as of June 30, 2024 and changes during the six months ended June 30, 2024, were as follows:
| Number of Shares |  | Weighted-Average Exercise Price |  | Weighted Average Remaining Contractual Term (in Years) |  | Aggregate Intrinsic Value
Outstanding at January 1, 2024 | 90,075 |  |  | $ | 20.21 |  |  |  |  |
Exercised | (42,893) |  |  | $ | 18.94 |  |  |  |  |
Outstanding June 30, 2024 | 47,182 |  |  | $ | 21.36 |  |  | 1.91 |  | $ | 562,979 |
Vested and Expected to Vest at June 30, 2024 | 47,182 |  |  | $ | 21.36 |  |  | 1.91 |  | $ | 562,979 |
Exercisable at June 30, 2024 | 47,182 |  |  | $ | 21.36 |  |  | 1.91 |  | $ | 562,979 |
Summary of Unvested RSAs Outstanding | The following table summarizes information on unvested RSAs outstanding as of June 30, 2024:
| Number of Shares |  | Weighted-Average Grant Date Fair Value
Unvested RSAs at January 1, 2024 | 452,426 |  |  | $ | 37.94 |
Granted | 24,052 |  |  | $ | 34.00 |
Vested | (16,216) |  |  | $ | 44.21 |
Forfeited | (2,250) |  |  | $ | 38.23 |
Unvested RSAs at June 30, 2024 | 458,012 |  |  | $ | 37.51 |

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