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EQUITY AWARDS (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Valuation Assumptions | The fair value of options granted was determined using the following weighted-average assumptions as of grant date, for the years ended December 31:
|  | 2024 |  |  | 2023 |  |  | 2022 |
Risk-free interest rate |  |  | 4.67 | % |  |  | 4.08 | % |  |  | 2.90 | %
Expected term (in years) |  |  | 6.37 |  |  |  | 6.50 |  |  |  | 6.50 |
Expected stock price volatility |  |  | 23.72 | % |  |  | 23.53 | % |  |  | 21.70 | %
Dividend yield |  |  | 3.23 | % |  |  | 3.23 | % |  |  | 2.47 | %
Schedule of Stock Option Activity | A summary of stock option activity in the Plan during the years ended December 31, 2024 and 2023 follows:
2024 |  | Number of Shares |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Remaining Contractual Life in Years |  |  | Aggregate Intrinsic Value |
Outstanding at beginning of year |  |  | 465,680 |  |  | $ | 28.12 |  |  |  | 5.46 |  |  | $ | 2,782 |
Granted |  |  | 59,000 |  |  |  | 28.86 |  |  |  |  |  |  |
Exercised |  |  | (99,010 | ) |  |  | 22.79 |  |  |  |  |  |  |
Forfeited |  |  | (31,900 | ) |  |  | 32.14 |  |  |  |  |  |  |
Balance, December 31, 2024 |  |  | 393,770 |  |  | $ | 29.24 |  |  |  | 5.93 |  |  | $ | 2,739 |
Exercisable at end of period |  |  | 232,490 |  |  | $ | 28.03 |  |  |  | 4.36 |  |  | $ | 1,896 |
2023 |  | Number of Shares |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Remaining Contractual Life in Years |  |  | Aggregate Intrinsic Value |
Outstanding at beginning of year |  |  | 497,820 |  |  | $ | 28.07 |  |  |  | 5.87 |  |  | $ | 3,402 |
Granted |  |  | 52,500 |  |  |  | 28.72 |  |  |  |  |  |  |
Exercised |  |  | (29,790 | ) |  |  | 23.46 |  |  |  |  |  |  |
Forfeited |  |  | (54,850 | ) |  |  | 30.80 |  |  |  |  |  |  |
Balance, December 31, 2023 |  |  | 465,680 |  |  | $ | 28.12 |  |  |  | 5.46 |  |  | $ | 2,782 |
Exercisable at end of period |  |  | 283,110 |  |  | $ | 26.03 |  |  |  | 3.87 |  |  | $ | 2,202 |
Schedule of Nonvested Stock Option Activity | A summary of nonvested stock option activity in the Plan during the years ended December 31, 2024 and 2023 follows:
2024 |  | Number of Shares |  |  | Weighted-Average Grant Date Fair Value |
Nonvested at beginning of year |  |  | 182,570 |  |  | $ | 6.10 |
Granted |  |  | 59,000 |  |  |  | 6.36 |
Vested |  |  | (49,390 | ) |  |  | 9.38 |
Forfeited |  |  | (30,900 | ) |  |  | 6.47 |
Balance, December 31, 2024 |  |  | 161,280 |  |  | $ | 6.32 |
2023 |  | Number of Shares |  |  | Weighted-Average Grant Date Fair Value |
Nonvested at beginning of year |  |  | 216,480 |  |  | $ | 5.95 |
Granted |  |  | 52,500 |  |  |  | 6.04 |
Vested |  |  | (65,690 | ) |  |  | 5.63 |
Forfeited |  |  | (20,720 | ) |  |  | 14.39 |
Balance, December 31, 2023 |  |  | 182,570 |  |  | $ | 6.10 |
Plan Information | Information related to stock options in the Plan is as follows for the years ended:
|  | 2024 |  |  | 2023 |  |  | 2022 |
Intrinsic value of options exercised |  | $ | 1,169 |  |  | $ | 303 |  |  | $ | 846 |
Cash received from options exercised |  |  | 2,257 |  |  |  | 698 |  |  |  | 1,565 |
Weighted average fair value of options granted |  |  | 6.36 |  |  |  | 6.04 |  |  |  | 6.98 |
Summary of Restricted Stock Awards and Units Activity | A summary of restricted stock activity in the Plan during the years ended December 31, 2024 and 2023 follows:
2024 |  | Number of Shares |  |  | Weighted-Average Grant Date Fair Value |
Nonvested at beginning of year |  |  | 15,390 |  |  | $ | 28.87 |
Granted |  |  | 2,388 |  |  |  | 30.58 |
Vested |  |  | (9,061 | ) |  |  | 28.49 |
Forfeited |  |  | (400 | ) |  |  | 33.50 |
Balance, December 31, 2024 |  |  | 8,317 |  |  | $ | 29.81 |
2023 |  | Number of Shares |  |  | Weighted-Average Grant Date Fair Value |
Nonvested at beginning of year |  |  | 18,930 |  |  | $ | 27.51 |
Granted |  |  | 5,056 |  |  |  | 31.96 |
Vested |  |  | (7,520 | ) |  |  | 27.52 |
Forfeited |  |  | (1,076 | ) |  |  | 28.93 |
Balance, December 31, 2023 |  |  | 15,390 |  |  | $ | 28.87 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2A -Subparagraph (a) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2A + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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