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Share-Based Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2020
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 three months ended March 31, 2020.

 

 

Number of

Underlying

Shares

 

 

Weighted

Average

Per Share

Grant Date

Fair Value

 

RSUs

 

 

57,174

 

 

$

25.70

 

PSUs

 

 

23,170

 

 

 

25.70

 

 

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 three months ended March 31, 2020:

 

 

Number of

Shares

 

 

Weighted

Average

Market

Price at

Grant Date

 

Outstanding at beginning of year

 

 

151,808

 

 

$

27.80

 

Granted

 

 

80,344

 

 

 

25.70

 

Vested

 

 

(22,921

)

 

 

32.31

 

Forfeited

 

 

(15,566

)

 

 

29.91

 

Outstanding at end of period

 

 

193,665

 

 

$

26.22

 

 

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

March 31,

 

 

 

2020

 

 

2019

 

Salaries and employee benefits

 

$

304

 

 

$

151

 

Other noninterest expense

 

 

28

 

 

 

31

 

Total share-based compensation expense

 

$

332

 

 

$

182