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Stock-Based Incentive Plan (Tables)

6 Months Ended

Jun. 30, 2025

Share-Based Payment Arrangement [Abstract]

Status of Options Granted Under Long-Term Incentive Plan

The following is a summary of the Corporation's stock option activity and related information for the six months ended June 30, 2025:

(Dollars in thousands, except per share data)			Shares Under Option						Weighted Average Exercise Price Per Share						Weighted Average Remaining Contractual Life (Years)						Aggregate Intrinsic Value at June 30, 2025
Outstanding at December 31, 2024			127,782						$	27.72
Exercised			(13,000)						24.84
Outstanding at June 30, 2025			114,782						$	28.05					2.1						$	229
Exercisable at June 30, 2025			114,782						$	28.05					2.1						$	229

Summary of Nonvested Restricted Stock Units

The following is a summary of nonvested restricted stock units at June 30, 2025 including changes during the six months then ended:

(Dollars in thousands, except per share data)			Nonvested Stock Units						Weighted Average Grant Date Fair Value
Nonvested stock units at December 31, 2024			501,679						$	22.67
Granted			196,666						28.44
Added by performance factor			2,761						28.21
Vested			(164,280)						25.33
Forfeited			(5,451)						16.23
Nonvested stock units at June 30, 2025			531,375						$	24.02

Certain Information Regarding Restricted Stock Units

Certain information regarding restricted stock units is summarized below for the periods indicated:

			Six Months Ended June 30,
(Dollars in thousands, except per share data)			2025						2024
Restricted stock units granted			196,666						273,030
Weighted average grant date fair value			$	28.44					$	19.70
Intrinsic value of units granted			$	5,592					$	5,378
Restricted stock units vested			164,280						151,041
Weighted average grant date fair value			$	25.33					$	27.66
Intrinsic value of units vested			$	4,670					$	2,983

Schedule of Unrecognized Compensation Cost, Nonvested Restricted Stock Units

The total unrecognized compensation expense and the weighted average period over which unrecognized compensation expense is expected to be recognized related to nonvested restricted stock units at June 30, 2025 is presented below:

(Dollars in thousands)			Unrecognized Compensation Cost						Weighted-Average Period Remaining (Years)
Restricted stock units			$	8,807					2.1

Compensation Expense Related to Stock Incentive Plans Recognized

The following table presents information related to the Corporation’s compensation expense related to stock incentive plans recognized for the periods indicated:

			Six Months Ended June 30,
(Dollars in thousands)			2025						2024
Stock-based compensation expense:
Restricted stock units			$	2,252					$	2,231
Employee stock purchase plan			45						49
Total			$	2,297					$	2,280
Tax benefit on nonqualified stock option expense and disqualifying dispositions of incentive stock options			$	275					$	658

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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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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