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Share-Based Compensation Plans (Tables)

3 Months Ended

Mar. 31, 2021

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, 2021.

		Number of Underlying Shares				Weighted Average Per Share Grant Date Fair Value
RSUs			58,924			$	27.46
PSUs			22,178				27.58

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, 2021:

		Number of Shares				Weighted Average Market Price at Grant Date
Outstanding at beginning of year			168,513			$	25.65
Granted			81,102				27.50
Vested			(18,819	)			28.38
Forfeited			(18,487	)			26.67
Outstanding at end of period			212,309			$	26.03

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,
		2021				2020
Salaries and employee benefits		$	188			$	304
Other noninterest expense			28				28
Total share-based compensation expense		$	216			$	332

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Schedule of Share-based Compensation, Restricted Stock Units and Performance Share Units Activity [Table Text Block]

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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-Publisher FASB
-Name Accounting Standards Codification
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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.

+ References

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