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Stock Incentive Plan (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Compensation Cost, Net of Forfeitures, Related to Stock-based Compensation

The following table summarizes the compensation cost, net of forfeitures, related to stock-based compensation for the years ended December 31, 2021, 2020, and 2019 (in thousands):

 

 

2021

 

 

2020

 

 

2019

 

Stock and stock unit awards:

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax compensation expense

 

$

1,304

 

 

$

774

 

 

$

453

 

Income tax benefit

 

 

(274

)

 

 

(163

)

 

 

(95

)

Total share-based compensation expense, net of income taxes

 

$

1,030

 

 

$

611

 

 

$

358

 

Summary of Unvested Stock and Stock Units

The following table summarizes non-vested stock and stock unit activity for the years ended December 31, 2021, 2020, and 2019:

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

 

 

 

 

Weighted-avg

 

 

 

 

 

 

Weighted-avg

 

 

 

 

 

 

Weighted-avg

 

 

 

 

 

 

 

Grant-date

 

 

 

 

 

 

Grant-date

 

 

 

 

 

 

Grant-date

 

 

 

Shares

 

 

Fair Value

 

 

Shares

 

 

Fair Value

 

 

Shares

 

 

Fair Value

 

Nonvested, beginning of year

 

 

42,220

 

 

$

34.62

 

 

 

37,908

 

 

$

35.49

 

 

 

24,280

 

 

$

38.92

 

Granted

 

 

48,575

 

 

 

34.42

 

 

 

25,950

 

 

 

34.46

 

 

 

26,700

 

 

 

33.31

 

Vested

 

 

(28,355

)

 

 

35.02

 

 

 

(21,305

)

 

 

35.99

 

 

 

(13,072

)

 

 

37.42

 

Forfeited

 

 

(400

)

 

 

(34.34

)

 

 

(333

)

 

 

(33.31

)

 

 

0

 

 

 

0.00

 

Nonvested, end of year

 

 

62,040

 

 

$

34.27

 

 

 

42,220

 

 

$

34.62

 

 

 

37,908

 

 

$

35.49

 

Fair value of shares vested

 

 

 

 

 

$

993,094

 

 

 

 

 

 

$

766,774

 

 

 

 

 

 

$

489,110