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Share-Based Compensation Plans (Tables)
9 Months Ended
Sep. 30, 2019
Share Based Compensation [Abstract]  
Summary Of Restricted Stock Units And Performance Share Units Activity

The MD&C Committee approved the grant of restricted stock units (“RSUs”) and performance share units (“PSUs”) shown in the table below to certain members of management during the nine months ended September 30, 2019.

 

 

Number of

Underlying

Shares

 

 

Weighted

Average

Per Share

Grant Date

Fair Value

 

RSUs

 

 

21,970

 

 

$

27.17

 

PSUs

 

 

52,976

 

 

 

25.49

 

 

Summary of Restricted Stock Awards and Restricted Stock Units Activity

The following is a summary of restricted stock awards and restricted stock units activity for the nine months ended September 30, 2019:

 

 

Number of

Shares

 

 

Weighted

Average

Market

Price at

Grant Date

 

Outstanding at beginning of year

 

 

130,571

 

 

$

28.04

 

Granted

 

 

83,172

 

 

 

26.11

 

Vested

 

 

(28,873

)

 

 

25.87

 

Forfeited

 

 

(22,831

)

 

 

26.23

 

Outstanding at end of period

 

 

162,039

 

 

$

27.70

 

 

Share-Based Compensation Expense Included In Consolidated Statements Of Income The share-based compensation expense included in the consolidated statements of income, is as follows (in thousands):

 

 

 

Three months ended

September 30,

 

 

Nine months ended

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Salaries and employee benefits

 

$

364

 

 

$

306

 

 

$

825

 

 

$

872

 

Other noninterest expense

 

 

29

 

 

 

32

 

 

 

203

 

 

 

225

 

Total share-based compensation expense

 

$

393

 

 

$

338

 

 

$

1,028

 

 

$

1,097