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Stock-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The following table summarizes information about stock option activity for the year to date period ended June 30, 2023:
| Shares |  | Weighted Average Exercise Price
Outstanding at January 1, 2023 | 279,050 |  |  | $ | 29.41 |
Granted | 56,000 |  |  | 32.41 |
Exercised | (3,772) |  |  | 21.58 |
Forfeited | (6,580) |  |  | 30.09 |
Outstanding at June 30, 2023 | 324,698 |  |  | 30.01 |
Vested at Period-End | 201,567 |  |  | 28.64 |
Expected to Vest | 123,131 |  |  | 32.25 |
Stock Options Granted |  |  |
Weighted Average Grant Date Information: |  |  |
Fair Value of Options Granted | $ | 8.02 |  |  |
Fair Value Assumptions: |  |  |
Dividend Yield | 3.30 | % |  |
Expected Volatility | 28.38 | % |  |
Risk Free Interest Rate | 3.57 | % |  |
Expected Lives (in years) | 8.34 |  |
Schedule of Stock Options Roll Forward | The following table summarizes information about stock option activity for the year to date period ended June 30, 2023:
| Shares |  | Weighted Average Exercise Price
Outstanding at January 1, 2023 | 279,050 |  |  | $ | 29.41 |
Granted | 56,000 |  |  | 32.41 |
Exercised | (3,772) |  |  | 21.58 |
Forfeited | (6,580) |  |  | 30.09 |
Outstanding at June 30, 2023 | 324,698 |  |  | 30.01 |
Vested at Period-End | 201,567 |  |  | 28.64 |
Expected to Vest | 123,131 |  |  | 32.25 |
Stock Options Granted |  |  |
Weighted Average Grant Date Information: |  |  |
Fair Value of Options Granted | $ | 8.02 |  |  |
Fair Value Assumptions: |  |  |
Dividend Yield | 3.30 | % |  |
Expected Volatility | 28.38 | % |  |
Risk Free Interest Rate | 3.57 | % |  |
Expected Lives (in years) | 8.34 |  |
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs | The following table presents information on the amounts expensed related to stock options for the three and six month periods ended June 30, 2023 and 2022:
|  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Amount expensed |  | $ | 87 |  |  | $ | 79 |  |  | $ | 172 |  |  | $ | 154 |
The following table presents information on the amounts expensed related to restricted stock units for the periods ended June 30, 2023 and 2022:
|  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Amount expensed |  | $ | 38 |  |  | $ | 35 |  |  | $ | 75 |  |  | $ | 70 |
Schedule of Nonvested Restricted Stock Units Activity | The following table summarizes information about restricted stock unit activity for the periods ended June 30, 2023 and 2022:
| Restricted Stock Units |  | Weighted Average Grant Date Fair Value
Non-vested at January 1, 2023 | 13,520 |  |  | $ | 31.38 |
Granted | 5,014 |  |  | 32.41 |
Vested | (4,182) |  |  | 32.29 |
Non-vested at June 30, 2023 | 14,352 |  |  | 31.48 |
Non-vested at January 1, 2022 | 13,599 |  |  | 29.27 |
Granted | 4,312 |  |  | 34.79 |
Vested | (4,391) |  |  | 28.17 |
Non-vested at June 30, 2022 | 13,520 |  |  | 31.38 |

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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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