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SHARE-BASED COMPENSATION PLANS (Tables) | 9 Months Ended
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Sep. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Summary of Nonvested Restricted Shares Activity | The following table presents a summary of nonvested restricted shares activity for the nine months ended September 30, 2024:
| Shares |  | Weighted Average Grant Date Fair Value
Nonvested shares, beginning of year | 291,231 |  |  | $ | 22.85 |
Granted | 331,687 |  |  | 27.42 |
Forfeited | (13,554) |  |  | 25.92 |
Vested | (340,369) |  |  | 24.18 |
Nonvested shares, at period end | 268,995 |  |  | $ | 26.65 |
Schedule of Restricted Shares Compensation Expense | The following table presents restricted share compensation expense, with tax benefit information, and fair value of shares vested, for the three and nine months ended September 30, 2024 and 2023:
| Three months ended September 30, |  | Nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Restricted share award expense | $ | 5,577 |  |  | $ | 606 |  |  | $ | 7,386 |  |  | $ | 1,756 |
Restricted share award tax benefit | 1,171 |  |  | 127 |  |  | 1,551 |  |  | 369 |
Fair value of shares vested | 5,907 |  |  | — |  |  | 9,373 |  |  | 2,460 |
Summary of Stock Options Activity | The following table presents the summary of stock option activity as of September 30, 2024. The Company assumed the stock options from the Merger. The weighted average of remaining contractual term of shares exercisable is 1.92 years.
| Shares |  | Weighted Average Exercise Price |  |
Outstanding at June 30, 2024 | — |  |  | $ | — |  |  |
Assumed from Merger | 80,227 |  |  | 21.96 |  |  |
Granted | — |  |  | — |  |  |
Exercised | (6,859) |  |  | 18.12 |  |  |
Forfeited | — |  |  | — |  |  |
Expired | — |  |  | — |  |  |
Outstanding at end of period | 73,368 |  |  | 22.32 |  |  |
Fully vested and expected to vest | 73,368 |  |  | 22.32 |  |  |
Exercisable, at period end | 73,368 |  |  | $ | 22.32 |  |  |
The following table presents information about stock options exercised for the three months ended September 30, 2024:
| September 30, 2024 |  |
Total intrinsic value of options exercised | $ | 110 |  |  |
Cash received from options exercised | 124 |  |  |
Tax benefit realized from stock options exercised | 6 |  |  |
Schedule of Employee Stock Purchase Plan | The following table presents information for the employee stock purchase plan for the three and nine months ended September 30, 2024 and 2023:
| Three months ended September 30, |  | Nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Shares purchased | 7,569 |  |  | 3,446 |  |  | 11,419 |  |  | 6,449 |
Weighted average price of shares purchased | $ | 25.18 |  |  | $ | 20.52 |  |  | $ | 23.66 |  |  | $ | 21.14 |
Compensation expense recognized | 80 |  |  | 4 |  |  | $ | 103 |  |  | $ | 7 |

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