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STOCK-BASED COMPENSATION PLANS (Tables)
6 Months Ended
Jun. 30, 2021
STOCK-BASED COMPENSATION PLANS  
Summary of stock-based compensation expense

Three Months Ended June 30, 

Six Months Ended June 30, 

    

2021

    

2020

    

2021

    

2020

(dollars in thousands)

Restricted stock units

$

148

$

96

$

262

$

163

Performance restricted stock units

33

48

Total awards classified as equity

181

96

310

163

Stock appreciation rights

107

130

(228)

Total stock-based compensation expense (benefit)

$

181

$

203

$

440

$

(65)

Schedule of the summary of outstanding restricted stock units

Three Months Ended June 30, 

2021

2020

Weighted

Weighted

Average

Average

Restricted

Grant Date

Restricted

Grant Date

    

Stock Units

    

Fair Value

    

Stock Units

    

Fair Value

Beginning balance

97,122

$

17.36

73,150

$

19.03

Granted

4,000

17.93

550

12.71

Vested

Forfeited

(1,525)

18.11

Ending balance

99,597

$

17.37

73,700

$

18.98

Six Months Ended June 30, 

2021

2020

Weighted

Weighted

Average

Average

Restricted

Grant Date

Restricted

Grant Date

    

Stock Units

    

Fair Value

    

Stock Units

    

Fair Value

Beginning balance

71,000

$

18.98

$

Granted

50,347

15.72

73,700

18.98

Vested

(20,225)

18.86

Forfeited

(1,525)

18.11

Ending balance

99,597

$

17.37

73,700

$

18.98

Schedule of the status of stock appreciation rights and changes

Three Months Ended June 30, 

2021

2020

    

Stock
Appreciation
Rights
Outstanding

    

Weighted
Average
Grant Date
Assigned Value

    

Stock
Appreciation
Rights
Outstanding

    

Weighted
Average
Grant Date
Assigned Value

Beginning balance

104,040

$

16.32

110,160

$

16.32

Granted

Exercised

(6,120)

16.32

Expired

Forfeited

Ending balance

97,920

$

16.32

110,160

$

16.32

Six Months Ended June 30, 

2021

2020

    

Stock
Appreciation
Rights

    

Weighted
Average
Grant Date
Assigned Value

    

Stock
Appreciation
Rights

    

Weighted
Average
Grant Date
Assigned Value

Beginning balance

105,570

$

16.32

110,160

$

16.32

Granted

Exercised

(6,120)

16.32

Expired

(1,530)

16.32

Forfeited

Ending balance

97,920

$

16.32

110,160

$

16.32

A further summary of stock appreciation rights as of June 30, 2021, is as follows:

Weighted Average

Stock Appreciation Rights

Remaining

Grant Date Assigned Values

    

Outstanding

    

Exercisable

    

Contractual Term

$ 16.32

97,920

79,560

7.7

years

Schedule of assumptions used in valuing stock appreciation rights

June 30, 

December 31, 

    

2021

    

2020

Risk-free interest rate

1.30

%

0.80

%

Expected volatility

35.08

%

34.72

%

Expected life (in years)

8.2

8.7

Expected dividend yield

3.45

%

3.96

%

Performance restricted stock units  
STOCK-BASED COMPENSATION PLANS  
Schedule of the summary of outstanding restricted stock units

Three Months Ended June 30, 

2021

2020

Maximum

Maximum

Awarded

Weighted

Awarded

Weighted

Performance

Average

Performance

Average

Restricted

Grant Date

Restricted

Grant Date

    

Stock Units

    

Fair Value

    

Stock Units

    

Fair Value

Beginning balance

43,046

$

15.53

$

Granted

Vested

Forfeited

Ending balance

43,046

$

15.53

$

Six months ended June 30, 

2021

2020

Maximum

Maximum

Awarded

Weighted

Awarded

Weighted

Performance

Average

Performance

Average

Restricted

Grant Date

Restricted

Grant Date

    

Stock Units

    

Fair Value

    

Stock Units

    

Fair Value

Beginning balance

$

$

Granted

43,046

15.53

Vested

Forfeited

Ending balance

43,046

$

15.53

$