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SHARE-BASED COMPENSATION PLANS (Tables)

9 Months Ended

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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Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

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