XML 48 R38.htm IDEA: XBRL DOCUMENT v3.21.2
Share-Based Compensation Plans (Tables)
9 Months Ended
Sep. 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 nine months ended September 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 nine months ended September 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

 

 

(30,138

)

 

 

26.67

 

Forfeited

 

 

(27,901

)

 

 

26.66

 

Outstanding at end of period

 

 

202,000

 

 

$

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
September 30,

 

 

 Nine months ended
September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Salaries and employee benefits

 

$

500

 

 

$

261

 

 

$

1,071

 

 

$

793

 

Other noninterest expense

 

 

38

 

 

 

28

 

 

 

245

 

 

 

197

 

Total share-based compensation expense

 

$

538

 

 

$

289

 

 

$

1,316

 

 

$

990