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Stock and Incentive Compensation Plans (Tables)

3 Months Ended

Mar. 31, 2025

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 March 31,
			2025						2024
Expected term (in years)			1.00						1.00
Dividend yield			$	1.98					$	2.08
Risk-free interest rate			4.94		%				4.94		%
Expected volatility			30.40						31.12

Schedule of ESPP Shares Purchased

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

			Three Months Ended March 31,
			2025						2024
ESPP shares purchased			—						—
Shares available for issuance under the ESPP			871,040						927,698

Schedule of Time-Vested Award Activity

The following table summarizes the Company’s award activity:

			Three Months Ended March 31,
			2025												2024
			Shares						Weighted Average Grant-Date Fair Value						Shares						Weighted Average Grant-Date Fair Value
Nonvested RSAs, January 1,			20,415						$	33.06					17,629						$	29.33
Granted RSAs			—						—						—						—
Vested RSAs			—						—						—						—
Nonvested RSAs, March 31,			20,415						33.06						17,629						29.33
Nonvested RSUs, January 1,			352,002						$	35.45					318,168						$	37.69
Granted RSUs			65,729						39.44						8,761						30.43
Vested RSUs			(30,813)						40.73						(28,088)						41.77
Forfeited RSUs			(6,211)						33.02						—						—
Nonvested RSUs, March 31,			380,707						35.75						298,841						37.09
Nonvested PSUs, January 1,			265,197						$	32.07					197,842						$	28.33
Granted PSUs			55,650						39.50						—						—
Vested PSUs			(17,191)						44.77						—						—
Incremental forfeited PSUs(1)			(9,738)						44.77						—						—
Nonvested PSUs, March 31,			293,918						32.31						197,842						31.74

____________________________

(1)Represents forfeited incremental PSU shares due to the measurement of performance metrics.

Schedule of Share-Based Compensation Cost Charged to Income

Share-based compensation cost charged to income for the three months ended March 31, 2025, and 2024, is presented below. There was no stock option expense for any of the periods shown.

			Three Months Ended March 31,
(Dollars in thousands)			2025						2024
RSA & RSU			$	1,163					$	1,058
PSU			539						915
ESPP			113						106
Total stock compensation expense			$	1,815					$	2,079
Related tax benefits recognized in net income			$	381					$	437

Schedule of Stock Option Activity

The table below summarizes the Company’s option activity:

(Dollars in thousands, except per share amounts)			Number of Shares						Weighted Average Exercise Price						Weighted Average Remaining Contractual Term (in years)						Aggregate Intrinsic Value
Three Months Ended March 31, 2025
Outstanding at January 1, 2025			225,834						$	32.24					3.72						$	614
Exercised			(17,845)						28.85						—						156
Expired and forfeited			—						—						—						—
Outstanding and exercisable at March 31, 2025			207,989						32.53						3.48						670
Three Months Ended March 31, 2024
Outstanding at January 1, 2024			353,473						$	31.49					4.46						$	1,670
Exercised			(7,941)						16.66						—						130
Expired and forfeited			(2,151)						37.18						—						—
Outstanding and exercisable at March 31, 2024			343,381						31.79						4.04						771

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Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

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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.

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