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Stock and Incentive Compensation Plans (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Black-Scholes Option Pricing Model

The table below includes the weighted-average assumptions used to calculate the grant date fair value of the ESPP rights for the periods indicated using the Black-Scholes option pricing model:

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Expected term (in years)			1.00						1.00						1.00						1.00
Dividend yield			2.04		%				1.75		%				2.06		%				1.64		%
Risk-free interest rate			4.94						3.19						4.94						2.63
Expected volatility			30.86						31.98						30.99						32.25

Schedule of ESPP Shares Purchased

The ESPP shares purchased are as follows for the dates indicated:

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
ESPP shares purchased			56,658						46,213						56,658						46,213
Shares available for issuance under the ESPP			871,040						927,698						871,040						927,698

Schedule of Share-Based Compensation Cost Charged to Income

Share-based compensation cost charged to income for the years ended June 30, 2024 and 2023, 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)			2024						2023						2024						2023
RSA & RSU			$	1,157					$	1,034					$	2,215					$	2,056
PSU			412						2						1,327						295
ESPP			119						123						225						200
Total stock compensation expense			$	1,688					$	1,159					$	3,767					$	2,551
Related tax benefits recognized in net income			$	354					$	243					$	791					$	536

Schedule of Time-Vested Award Activity

The following table summarizes the Company’s award activity:

			Six Months Ended June 30,
			2024												2023
			Shares						Weighted Average Grant-Date Fair Value						Shares						Weighted Average Grant-Date Fair Value
Nonvested RSAs, January 1,			17,629						$	29.33					27,391						$	35.27
Granted RSAs			19,682						33.03						16,788						28.61
Vested RSAs			(17,629)						29.33						(16,594)						34.76
Nonvested RSAs, June 30,			19,682						33.03						27,585						31.63
Nonvested RSUs, January 1,			318,168						$	37.69					270,390						$	39.63
Granted RSUs			111,441						32.02						109,078						35.90
Vested RSUs			(48,600)						37.40						(18,864)						42.09
Forfeited RSUs			(372)						44.93						(3,583)						43.60
Nonvested RSUs, June 30,			380,637						36.06						357,021						38.32
Nonvested PSUs, January 1,			197,842						$	28.33					157,367						$	29.06
Granted PSUs			67,355						33.03						43,591						28.45
Forfeited PSUs			—						—						(1,592)						28.45
Nonvested PSUs, June 30,			265,197						32.07						199,366						27.20

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, 2024 and 2023.

(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, 2024
Outstanding at January 1, 2024			353,473						$	31.49					4.46						$	1,670
Exercised			(11,582)						18.39						—						151
Expired			(7,116)						35.48						—						—
Outstanding and exercisable at June 30, 2024			334,775						31.86						3.15						774
Six Months Ended June 30, 2023
Outstanding at January 1, 2023			504,437						$	29.46					5.13						$	3,736
Exercised			(42,774)						17.61						—						738
Expired			(8,434)						33.39						—						—
Outstanding and exercisable at June 30, 2023			453,229						30.50						4.89						1,139

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