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Share-Based Compensation Plans (Tables)
 9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Summary of Restricted Stock Awards, Restricted Stock Units and Performance Share Units Activity

The Company granted restricted stock awards (“RSAs”), restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”) during the nine months ended September 30, 2023 as follows:

 

 

Number of
   Underlying
Shares

 

 

Weighted Average Grant Date Fair Value

 

RSAs

 

 

20,185

 

 

$

16.34

 

RSUs

 

 

142,110

 

 

$

16.39

 

PSUs

 

 

53,060

 

 

$

16.66

 

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,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Salaries and employee benefits

 

$

679

 

 

$

624

 

 

$

1,642

 

 

$

1,790

 

Other noninterest expense

 

 

42

 

 

 

38

 

 

 

287

 

 

 

262

 

Total share-based compensation expense

 

$

721

 

 

$

662

 

 

$

1,929

 

 

$

2,052

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax benefit realized for compensation costs

 

$

—

 

 

$

—

 

 

$

438

 

 

$

474