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Stock and Incentive Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Share-Based Compensation Cost Charged to Income
Share-based compensation cost charged to income for the years ended December 31, 2021, 2020 and 2019, is presented below. There was no stock option expense for any of the periods shown.
Years Ended December 31,
(Dollars in thousands)202120202019
RSA & RSU$2,100 $2,320 $2,247 
ESPP195 — — 
Total stock compensation expense$2,295 $2,320 $2,247 
Related tax benefits recognized in net income$482 $487 $472 
Time-Vested Award Activity
The following table summarizes the Company's time-vested award activity:
Year Ended December 31,
202120202019
SharesWeighted Average Grant-Date Fair ValueSharesWeighted Average Grant-Date Fair ValueSharesWeighted Average Grant-Date Fair Value
Nonvested RSA shares, January 1,103,359 $31.51 149,449 $35.15 174,407 $35.01 
Granted RSA13,460 42.26 30,638 20.14 37,641 32.77 
Vested RSA(67,825)31.07 (72,325)33.88 (59,344)33.50 
Forfeited RSA(946)24.69 (4,403)37.11 (3,255)30.21 
Nonvested RSA shares, December 31,48,048 35.27 103,359 31.51 149,449 35.15 
Nonvested RSU, January 1,— $— — $— — $— 
Granted RSU73,977 40.64 — — — — 
Nonvested RSU, December 3173,977 40.64 — — — — 
Stock Option Activity
The table below summarizes the status of the Company's stock options and changes during the years ended December 31, 2021, 2020 and 2019 .
(Dollars in thousands, except per share amounts)Number of SharesWeighted Average Exercise PriceWeighted Average Remaining Contractual Term
 (in years)
Aggregate Intrinsic Value
Outstanding at January 1, 2019274,000 $10.38 6.75$6,493 
Exercised(20,000)8.25 — — 
Outstanding at December 31, 2019254,000 10.55 5.816,932 
Exercised(30,000)8.25 — — 
Outstanding at December 31, 2020224,000 10.86 4.923,789 
Exercised(184,800)10.88 — — 
Outstanding at December 31, 202139,200 10.73 2.281,262 
Exercisable at December 31, 202139,200 10.73 2.281,262