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Share-Based Compensation Plans (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 2021.

 

 

Number of

Underlying

Shares

 

 

Weighted

Average

Per Share

Grant Date

Fair Value

 

RSUs

 

 

59,998

 

 

$

27.50

 

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 six months ended June 30, 2021:

 

 

Number of

Shares

 

 

Weighted

Average

Market

Price at

Grant Date

 

Outstanding at beginning of year

 

 

168,513

 

 

$

25.65

 

Granted

 

 

91,526

 

 

 

27.99

 

Vested

 

 

(29,888

)

 

 

26.64

 

Forfeited

 

 

(25,977

)

 

 

26.68

 

Outstanding at end of period

 

 

204,174

 

 

$

26.42

 

 

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

June 30,

 

 

Six months ended

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Salaries and employee benefits

 

$

383

 

 

$

228

 

 

$

571

 

 

$

532

 

Other noninterest expense

 

 

179

 

 

 

141

 

 

 

207

 

 

 

169

 

Total share-based compensation expense

 

$

562

 

 

$

369

 

 

$

778

 

 

$

701