XML 40 R30.htm IDEA: XBRL DOCUMENT
v3.22.2

Stock and Incentive Compensation Plans (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract] |
Schedule of Share-Based Compensation Cost Charged to Income | Share-based compensation cost charged to income for the three and six months ended June 30, 2022 and 2021, is presented below. There was no stock option expense for any of the periods shown.
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |
(Dollars in thousands) | 2022 |  | 2021 |  | 2022 |  | 2021 |  |  |  |  |  |
RSA & RSU | $ | 666 |  |  | $ | 444 |  |  | $ | 1,277 |  |  | $ | 1,058 |  |  |  |  |  |  |
PSU | 103 |  |  | — |  |  | 149 |  |  | — |  |  |  |  |  |  |
ESPP | 72 |  |  | 27 |  |  | 153 |  |  | 27 |  |  |  |  |  |  |
Total stock compensation expense | $ | 841 |  |  | $ | 471 |  |  | $ | 1,579 |  |  | $ | 1,085 |  |  |  |  |  |  |
Related tax benefits recognized in net income | $ | 177 |  |  | $ | 99 |  |  | 332 |  |  | 228 |  |  |  |  |  |  |
Schedule of Time-Vested Award Activity | The following table summarizes the Company's award activity:
| Six Months Ended June 30,
| 2022 |  | 2021 |  |
| Shares |  | Weighted Average Grant-Date Fair Value |  | Shares |  | Weighted Average Grant-Date Fair Value |  |  |  |
Nonvested RSA shares, January 1, | 48,048 |  |  | $ | 35.27 |  |  | 103,359 |  |  | $ | 31.51 |  |  |  |  |
Granted RSA | 12,840 |  |  | 37.39 |  |  | 19,617 |  |  | 40.47 |  |  |  |  |
Vested RSA | (19,524) |  |  | 36.61 |  |  | (40,281) |  |  | 26.45 |  |  |  |  |
Forfeited RSA | — |  |  | — |  |  | (946) |  |  | 24.69 |  |  |  |  |
Nonvested RSA shares, June 30, | 41,364 |  |  | 35.29 |  |  | 81,749 |  |  | 36.23 |  |  |  |  |
Nonvested RSU, January 1, | 73,977 |  |  | $ | 40.64 |  |  | — |  |  | $ | — |  |  |  |  |
Granted RSU | 61,081 |  |  | 42.28 |  |  | — |  |  | — |  |  |  |  |
Forfeited RSU | (743) |  |  | 40.40 |  |  | — |  |  | — |  |  |  |  |
Nonvested RSU, June 30 | 134,315 |  |  | 41.39 |  |  | — |  |  | — |  |  |  |  |
Nonvested PSU, January 1 | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  |  |  |
Granted PSU | 27,632 |  |  | 44.77 |  |  | — |  |  | — |  |  |  |  |
Nonvested PSU, June 30 | 27,632 |  |  | 44.77 |  |  | — |  |  | — |  |  |  |  |
Schedule of Stock Option Activity | The table below summarizes the status of the Company's stock options and changes during the six months ended June 30, 2022 and 2021.
(Dollars in thousands, except per share amounts) | Number of Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value
Six Months Ended June 30, 2022 |  |  |  |  |  |  |
Outstanding at January 1, 2022 | 39,200 |  |  | $ | 10.73 |  |  | 2.28 |  | $ | 1,262 |
Exercised | (24,800) |  |  | 9.23 |  |  | — |  |  | — |
Outstanding and exercisable at June 30, 2022 | 14,400 |  |  | 13.31 |  |  | 1.52 |  | 367 |
Six Months Ended June 30, 2021 |  |  |  |  |  |  |
Outstanding at January 1, 2021 | 224,000 |  |  | $ | 10.86 |  |  | 4.92 |  | $ | 3,789 |
Exercised | (14,800) |  |  | 9.89 |  |  | — |  |  | — |
Outstanding and exercisable at June 30, 2021 | 209,200 |  |  | 10.93 |  |  | 4.81 |  | 6,597 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_NonvestedRestrictedStockSharesActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration