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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Time Vested Restricted Stock

For awards that are time vested, the shares typically vest over a period of one to three years beginning on the first anniversary of the date of grant. In the year ended December 31, 2024, the Company awarded the following time vested restricted stock to senior officers, directors and certain employees:

						December 31, 2024
Date of award						Number of shares						Number of Officers, Directors and Employees
February 2024						275,896						130
August 2024						4,290						2
September 2024						8,756						2
October 2024						20,483						1
November 2024						2,254						1
December 2024						689						1

Schedule of Unvested Restricted Stock Awards

The following table summarizes the unvested restricted stock awards for performance for the years ended December 31, 2024, 2023 and 2022:

						Years Ended December 31,
						2024												2023												2022
Performance Awards						Shares						Weighted- Average  Grant  Date Fair Value						Shares						Weighted- Average Grant Date  Fair Value						Shares						Weighted- Average Grant Date  Fair Value
Unvested at beginning						123,215						$	44.74					129,855						$	45.15					118,568						$	44.71
Granted						150,570						18.47						71,003						40.50						37,775						53.97
Forfeited						(28,826)						40.96						(44,084)						40.29						(1,966)						55.76
Vested						(18,480)						47.57						(33,559)						44.60						(24,522)						55.76
Unvested at end						226,479						$	27.53					123,215						$	44.74					129,855						$	45.15

The following table summarizes the unvested time vesting restricted stock awards for the years ended December 31, 2024, 2023 and 2022:

						Years Ended December 31,
						2024												2023												2022
Time Vested Awards						Shares						Weighted- Average Grant Date  Fair Value						Shares						Weighted- Average Grant Date  Fair Value						Shares						Weighted- Average Grant Date  Fair Value
Unvested at beginning						313,992						$	49.08					302,148						$	53.75					300,792						$	46.24
Granted						312,368						23.22						190,256						44.16						166,471						59.72
Forfeited						(38,772)						36.18						(27,558)						51.57						(12,064)						53.10
Vested						(157,283)						49.41						(150,854)						51.76						(153,051)						45.54
Unvested at end						430,305						$	31.35					313,992						$	49.08					302,148						$	53.75

Schedule of Activity of Stock Options

Below is a summary of stock option activity for the years ended December 31, 2024, 2023 and 2022. The information excludes restricted stock units and awards.

			Years Ended December 31,
			2024												2023												2022
			Shares						Weighted- Average Exercise  Price						Shares						Weighted- Average Exercise Price						Shares						Weighted- Average Exercise  Price
Beginning balance			2,500						$	47.95					2,500						$	47.95					5,789						$	36.96
Granted			—						—						—						—						—						—
Exercised			—						—						—						—						(3,289)						28.60
Forfeited			—						—						—						—						—						—
Ending balance			2,500						$	47.95					2,500						$	47.95					2,500						$	47.95
Exercisable end of year			2,500						$	47.95					2,500						$	47.95					1,666						$	47.95

Schedule of Cash Proceeds, Tax Benefits and Intrinsic Value Related to Total Stock Options Exercised

Cash proceeds, tax benefits and intrinsic value related to total stock options exercised is as follows:

						Years Ended December 31,
(dollars in thousands)						2024						2023						2022
Proceeds from stock options exercised						$	—					$	—					$	97
Tax benefits realized from stock compensation						—						—						3
Intrinsic value of stock options exercised						—						—						98

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Tabular disclosure of cash received from exercise of stock options and similar instruments granted under share-based payment arrangements and tax benefit from exercise of stock options.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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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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