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Stock-Based Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2021
Share-based Payment Arrangement [Abstract] |
Stock compensation expense | The Company recorded the following Stock compensation expense in its consolidated statements of income (in thousands):
|  | Years Ended December 31,
|  | 2021 |  | 2020 |  | 2019
Stock option grants |  | $ | 69 |  |  |  | 92 |  |  |  | 112 |
Restricted stock awards |  |  | 492 |  |  |  | 250 |  |  |  | — |
Employee stock grant |  |  | 50 |  |  |  | 530 |  |  |  | — |
Unrestricted employee stock award |  |  | — |  |  |  | — |  |  |  | 50 |
Annual director stock award |  |  | 500 |  |  |  | 500 |  |  |  | 70 |
Stock compensation |  | $ | 1,111 |  |  |  | 1,372 |  |  |  | 232 |
Summary of changes in outstanding options | A Summary of changes in outstanding options is presented below (in thousands, except share and per share amounts):
|  |  | Weighted |  | Weighted |  | Weighted
| Number |  | Average |  | Average |  | Average
| of |  | Exercise |  | Remaining |  | Grant Date
Options | Shares |  | Price |  | Term (yrs) |  | Fair Value(000's)
Outstanding at January 1, 2019 |  | 147,538 |  |  | $ | 33.48 |  |  |  | 6.7 |  |  | $ | 1,782 |
Exercised |  | (15,034 | ) |  | $ | 30.42 |  |  |  |  |  |  | $ | (151 | )
Outstanding at December 31, 2019 |  | 132,504 |  |  | $ | 33.82 |  |  |  | 5.8 |  |  | $ | 1,631 |
Exercised |  | (12,415 | ) |  | $ | 19.23 |  |  |  |  |  |  | $ | (100 | )
Outstanding at December 31, 2020 |  | 120,089 |  |  | $ | 35.33 |  |  |  | 5.3 |  |  | $ | 1,531 |
Exercised |  | (15,334 | ) |  | $ | 17.54 |  |  |  |  |  |  | $ | (115 | )
Outstanding at December 31, 2021 |  | 104,755 |  |  | $ | 37.93 |  |  |  | 4.8 |  |  | $ | 1,416 |
Exercisable at December 31, 2021 |  | 96,586 |  |  | $ | 37.26 |  |  |  | 4.7 |  |  | $ | 1,281 |
Vested during twelve months ended December 31, 2021 |  | 4,179 |  |  |  |  |  |  |  |  |  |  | $ | 69 |
Summary of stock options outstanding | The following table summarizes information concerning stock options outstanding at December 31, 2021: Summary of stock options outstanding
|  |  |  | Shares |  |  | Weighted |  |  | Weighted |
Range of Exercise |  |  |  | under |  |  | Average |  |  | Average |
Prices per Share |  |  |  | Option |  |  | Exercise Price |  | Remaining Life
Non-exercisable: |  |  |  |  |  |  |  |  |  |  |  |  |  |
$44.31 - $45.97 |  |  |  | 8,169 |  |  |  | $ | 45.94 |  |  |  | 6.9 | Years
Exercisable: |  |  |  |  |  |  |  |  |  |  |  |  |  |
$19.68 - $29.52 |  |  |  | 20,080 |  |  |  |  | 22.66 |  |  |  | 1.7 |
$29.53 - $44.30 |  |  |  | 31,130 |  |  |  |  | 35.11 |  |  |  | 4.0 |
$44.31 - $45.97 |  |  |  | 45,376 |  |  |  |  | 45.19 |  |  |  | 6.4 |
|  |  |  | 96,586 |  |  |  | $ | 37.26 |  |  |  | 4.7 | Years
Total |  |  |  | 104,755 |  |  |  | $ | 37.93 |  |  |  | 4.8 | Years
Summary of changes in restricted stock awards | A Summary of changes in restricted stock awards is presented below (in thousands, except share and per share amounts):
|  |  |  | Weighted |  | Weighted |  | Weighted
|  | Number |  | Average |  | Average |  | Average
|  | Of |  | Exercise |  | Remaining |  | Grant Date
Restricted stock |  | Shares |  | Price |  | Term (yrs) |  | Fair Value(000's)
Non-vested at January 1, 2020 |  |  | 0 |  |  | $ | 0 |  |  |  |  | $ | 0 |
Performance-based awards granted |  |  | 20,520 |  |  |  | 46.30 |  |  |  |  |  | 950 |
Non-vested at December 31, 2020 |  |  | 20,520 |  |  | $ | 46.30 |  |  | 3.4 |  | $ | 950 |
Time-based awards granted |  |  | 8,896 |  |  |  | 45.55 |  |  |  |  |  | 405 |
Performance-based awards granted |  |  | 18,882 |  |  |  | 45.55 |  |  |  |  |  | 860 |
Vested |  |  | (2,224 | ) |  |  | 45.55 |  |  |  |  |  | (101 | )
Non-vested at December 31, 2021 |  |  | 46,074 |  |  | $ | 45.88 |  |  | 3.1 |  | $ | 2,114 |

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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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