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Stock Incentive Plan (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [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, 2024, 2023, and 2022 (in thousands):

 

 

2024

 

 

2023

 

 

2022

 

Stock and stock unit awards:

 

 

 

 

 

 

 

 

 

Pre-tax compensation expense

 

$

2,359

 

 

$

1,656

 

 

$

1,874

 

Income tax benefit

 

 

(495

)

 

 

(348

)

 

 

(394

)

Total share-based compensation expense, net of income taxes

 

$

1,864

 

 

$

1,308

 

 

$

1,480

 

Summary of Unvested Stock and Stock Units

The following table summarizes non-vested stock and stock unit activity for the years ended December 31, 2024, 2023, and 2022:

 

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

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

 

 

76,740

 

 

$

33.24

 

 

 

82,048

 

 

$

37.41

 

 

 

62,040

 

 

$

34.27

 

Granted

 

 

80,332

 

 

 

33.51

 

 

 

45,986

 

 

 

27.64

 

 

 

63,150

 

 

 

41.07

 

Vested

 

 

(58,330

)

 

 

(35.05

)

 

 

(49,525

)

 

 

(34.88

)

 

 

(40,759

)

 

 

(38.20

)

Forfeited

 

 

(2,171

)

 

 

(32.21

)

 

 

(1,769

)

 

 

(35.15

)

 

 

(2,383

)

 

 

(39.35

)

Nonvested, end of year

 

 

96,571

 

 

$

32.29

 

 

 

76,740

 

 

$

33.24

 

 

 

82,048

 

 

$

37.41

 

Fair value of shares vested

 

 

 

 

$

2,044,438

 

 

 

 

 

$

1,727,554

 

 

 

 

 

$

1,556,870