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Share-Based Compensation Plans (Tables)
 9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Summary of Restricted Stock Awards ,Restricted Stock Unit Award and Performance Share Units Activity

The Company granted restricted stock awards (“RSAs”), restricted stock unit award (“RSUs”), and performance-based restricted stock units (“PSUs”) during the nine months ended September 30, 2024 as follows:

 

 

Number of
   Underlying
Shares

 

 

Weighted Average Grant Date Fair Value

 

RSAs

 

 

22,011

 

 

$

17.49

 

RSUs

 

 

132,047

 

 

$

15.56

 

PSUs

 

 

54,754

 

 

$

15.59

 

Share-Based Compensation Expense and The Total Income Tax Benefit 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,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Salaries and employee benefits

 

$

450

 

 

$

679

 

 

$

1,485

 

 

$

1,642

 

Other noninterest expense

 

 

44

 

 

 

42

 

 

 

324

 

 

 

287

 

Total share-based compensation expense

 

$

494

 

 

$

721

 

 

$

1,809

 

 

$

1,929

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax benefit realized for compensation costs

 

$

—

 

 

$

—

 

 

$

—

 

 

$

438