XML 43 R33.htm IDEA: XBRL DOCUMENT v3.22.1
STOCK-BASED COMPENSATION PLANS (Tables)
3 Months Ended
Mar. 31, 2022
STOCK-BASED COMPENSATION PLANS  
Summary of stock-based compensation expense

Three Months Ended March 31, 

    

2022

    

2021

(dollars in thousands)

Restricted stock units

$

608

$

114

Performance restricted stock units

293

15

Total awards classified as equity

901

129

Stock appreciation rights

(23)

130

Total stock-based compensation expense

$

878

$

259

Schedule of the summary of outstanding restricted stock units

Three Months Ended March 31, 

2022

2021

Weighted

Weighted

Average

Average

Restricted

Grant Date

Restricted

Grant Date

    

Stock Units

    

Fair Value

    

Stock Units

    

Fair Value

Beginning balance

109,244

$

17.27

71,000

$

18.98

Granted

46,312

19.11

46,347

15.53

Vested

(34,925)

17.26

(20,225)

18.86

Forfeited

Ending balance

120,631

$

17.98

97,122

$

17.36

Schedule of the status of stock appreciation rights and changes

Three Months Ended March 31, 

2022

2021

    

Stock
Appreciation
Rights

    

Weighted
Average
Grant Date
Assigned Value

    

Stock
Appreciation
Rights

    

Weighted
Average
Grant Date
Assigned Value

Beginning balance

97,920

$

16.32

105,570

$

16.32

Granted

Exercised

(6,120)

16.32

Expired

(1,530)

16.32

Forfeited

Ending balance

91,800

$

16.32

104,040

$

16.32

A further summary of stock appreciation rights as of March 31, 2022, is as follows:

Weighted Average

Stock Appreciation Rights

Remaining

Grant Date Assigned Values

    

Outstanding

    

Exercisable

    

Contractual Term

$ 16.32

91,800

79,560

7.0

years

Schedule of assumptions used in valuing stock appreciation rights

    

March 31, 2022

    

December 31, 2021

Risk-free interest rate

2.37

%

1.40

%

Expected volatility

35.83

%

35.52

%

Expected life (in years)

7.4

7.7

Expected dividend yield

3.52

%

3.20

%

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

Three months ended March 31, 

2022

2021

Weighted

Weighted

Performance

Average

Performance

Average

Restricted

Grant Date

Restricted

Grant Date

    

Stock Units

    

Fair Value

    

Stock Units

    

Fair Value

Beginning balance

38,344

$

15.72

$

Granted

23,723

19.14

28,697

15.53

Vested

Forfeited

Ending balance

62,067

$

17.02

28,697

$

15.53