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Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Payment Arrangement, Cost by Plan [Table Text Block]
The following table summarizes share-based compensation expense:
($ in thousands)202020192018
Performance stock units$1,097 $1,699 $2,067 
Restricted stock units2,613 1,969 1,211 
Employee stock purchase plan468 364 174 
Total share-based compensation expense$4,178 $4,032 $3,452 
Outstanding Long Term Incentive Awards [Table Text Block]
Information related to the outstanding grants at December 31, 2020 is shown below:
($ in thousands)2019 - 2021 Cycle2020 - 2022 Cycle
Shares issuable at target20,860 26,002 
Maximum shares issuable41,720 52,004 
Unrecognized compensation cost$366 $704 
Weighted average grant date fair value47.46 38.09 
Schedule of Various Information
At December 31, 2020 and 2019, the Company has reserved the following shares of its authorized but unissued common stock for possible future issuance in connection with the following:
December 31, 2020December 31, 2019
Outstanding performance units (maximum issuance)125,176 73,172 
Outstanding RSU’s157,428 117,369 
Outstanding options and appreciation rights— 28,300 
2018 Stock Incentive Plan339,691 521,573 
Non-Management Director Plan86,616 96,031 
2018 Employee Stock Purchase Plan 635,890 694,085 
Total1,344,801 1,530,530 
Summary of Employee Stock Option and SSARs Activity
Following is a summary of the SSAR activity for 2020.
($ in thousands, except per share data)SharesWeighted
Average
Exercise Price
Outstanding at December 31, 201928,300 $10.14 
Exercised(28,300)10.14 
Outstanding at December 31, 2020— N/A
Summary of Restricted Stock Units Activity
A summary of the status of the Company’s RSU awards as of December 31, 2020 and changes during the year then ended is presented below
SharesWeighted Average
Grant Date
Fair Value
Outstanding at December 31, 2019117,369 $45.86 
Granted88,759 39.63 
Vested(44,351)45.68 
Forfeited(4,349)44.24 
Outstanding at December 31, 2020157,428 $42.44 
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The following table presents the changes in accumulated other comprehensive income (loss) after-tax by component:
($ in thousands)Net Unrealized Gain (Loss) on Available-for-Sale Debt SecuritiesUnamortized Gain (Loss) on Held-to-Maturity SecuritiesNet Unrealized Loss on Cash Flow HedgesTotal
Balance, December 31, 2017$(3,622)$(196)$— $(3,818)
Net change(4,633)— (4,630)
Adjustment for change in accounting policies(792)(42)— (834)
Balance, December 31, 2018(9,047)(235)— (9,282)
Net change29,226 (33)(2,162)27,031 
Transfer from available-for-sale to held-to-maturity(5,202)5,202 — — 
Balance, December 31, 201914,977 4,934 (2,162)17,749 
Net change23,627 (1,910)(2,346)19,371 
Transfer from available-for-sale to held-to-maturity(16,284)16,284 — — 
Balance, December 31, 2020$22,320 $19,308 $(4,508)$37,120 
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
The following table presents the pre-tax and after-tax changes in the components of other comprehensive income:
202020192018
($ in thousands)Pre-taxTax effectAfter-taxPre-taxTax effectAfter-taxPre-taxTax effectAfter-tax
Change in unrealized gain (loss) on available-for-sale debt securities$31,798 $7,854 $23,944 $38,764 $9,575 $29,189 $(6,143)$(1,517)$(4,626)
Reclassification adjustment for realized (gain) loss on sale of available-for-sale debt securities(a)(421)(104)(317)49 12 37 (9)(2)(7)
Reclassification of (gain) loss on held-to-maturity securities(b)(2,537)(627)(1,910)(44)(11)(33)
Change in unrealized loss on cash flow hedges arising during the period(b)(7,898)(1,951)(5,947)(3,004)(742)(2,262)— — — 
Reclassification of loss on cash flow hedges(b)4,782 1,181 3,601 133 33 100 — — — 
Total other comprehensive income (loss)$25,724 $6,353 $19,371 $35,898 $8,867 $27,031 $(6,148)$(1,518)$(4,630)
(a)The pre-tax amount is reported in noninterest income/expense in the Consolidated Statements of Operations.
(b)The pre-tax amount is reported in interest income/expense in the Consolidated Statements of Operations, except for a $3.2 million termination fee in 2020 recognized in noninterest expense.
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
Stock Options and SSARs  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Various Information Various information related to the stock options and SSARs is shown below.
($ in thousands)202020192018
Intrinsic value of option/SSAR exercises on date of exercise$597 $407 $2,469 
Restricted Stock Units (RSUs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Various Information Various information related to the RSUs is shown below.
($ in thousands)202020192018
Total fair value at vesting date$1,702 $1,067 $1,544 
Total unrecognized compensation cost for nonvested stock units3,899 3,417 2,175 
Expected years to recognize unearned compensation1.9 years1.9 years2.0 years
Stock Plan for Non-Management Directors  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Various Information
Various information related to the Director Plan is shown below.
202020192018
Shares granted15,901 11,382 11,750 
Weighted average fair value$30.28 $41.63 $50.74