XML 52 R37.htm IDEA: XBRL DOCUMENT
v3.25.1

Stock-Based Compensation Plans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Compensation Expense | The Company recorded the following stock compensation expense in its consolidated statements of income (in thousands):
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Stock option grants | $ | 78 |  |  | 60 |  |  | 69 |
Restricted stock awards | 1,279 |  |  | 1,028 |  |  | 800 |
Employee stock grant | — |  |  | 50 |  |  | 50 |
Annual director stock award | 600 |  |  | 600 |  |  | 650 |
| $ | 1,957 |  |  | 1,738 |  |  | 1,569 |
Schedule Changes in Outstanding Options | A summary of changes in outstanding options is presented below (in thousands, except share and per share amounts):
Options | Number of Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Term (yrs) |  | Weighted Average Grant Date Fair Value(000's)
Outstanding at |  |  |  |  |  |  |
January 1, 2022 | 209,510 |  | $ | 18.97 |  |  | 4.8 |  | $ | 1,416 |
Exercised | (32,920) |  |  | $ | 12.54 |  |  |  |  | $ | (145) |
Outstanding at |  |  |  |  |  |  |
December 31, 2022 | 176,590 |  | $ | 20.17 |  |  | 4.4 |  | $ | 1,271 |
Exercised | (49,710) |  |  | $ | 20.61 |  |  |  |  | $ | (290) |
Outstanding at |  |  |  |  |  |  |
December 31, 2023 | 126,880 |  | $ | 20.00 |  |  | 3.5 |  | $ | 981 |
Granted | 32,530 |  | $ | 31.44 |  |  | 9.0 |  | $ | 400 |
Exercised | (16,420) |  |  | $ | 13.48 |  |  |  |  | $ | (100) |
Outstanding at |  |  |  |  |  |  |
December 31, 2024 | 142,990 |  | $ | 23.35 |  |  | 4.2 |  | $ | 1,281 |
Exercisable at |  |  |  |  |  |  |
December 31, 2024 | 113,510 |  | $ | 21.25 |  |  | 3.0 |  | $ | 918 |
Vested during twelve months ended |  |  |  |  |  |  |
December 31, 2024 | 3,050 |  |  |  |  |  | $ | 37 |
Schedule of Stock Options Outstanding | The following table summarizes information concerning stock options outstanding at December 31, 2024:
Range of Exercise Prices per Share | Shares under Option |  | Weighted Average Exercise Price |  | Weighted Average Remaining Life |
$15.57 - $18.76 | 14,840 |  | 15.58 |  |  | 0.9 |
$18.77 - $22.24 | 24,000 |  | 19.23 |  |  | 2.0 |
$22.25 - $22.99 | 71,620 |  | 22.66 |  |  | 3.5 |
$23.00 - $31.44 | 32,530 |  | 31.44 |  |  | 9.0 |
Total | 142,990 |  | $ | 23.35 |  |  | 4.2 | Years
Schedule 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):
Restricted stock | Number Of Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Term (yrs) |  | Weighted Average Grant Date Fair Value(000's)
Non-vested at January 1, 2022 | 92,148 |  | $ | 22.94 |  |  | 3.1 |  | $ | 2,114 |
Time-based awards granted | 14,896 |  | 28.90 |  |  |  |  | 431 |
Performance-based awards granted | 28,032 |  | 28.90 |  |  |  |  | 810 |
Forfeited | (2,726) |  |  | 23.15 |  |  |  |  | (63) |
Vested | (31,358) |  |  | 23.78 |  |  |  |  | (746) |
Non-vested at December 31, 2022 | 100,992 |  | $ | 25.21 |  |  | 3.0 |  | $ | 2,546 |
Time-based awards granted | 15,960 |  | 26.93 |  |  |  |  | 430 |
Performance-based awards granted | 34,608 |  | 26.96 |  |  |  |  | 933 |
Vested | (42,106) |  |  | 24.03 |  |  |  |  | (1,012) |
Non-vested at December 31, 2023 | 109,454 |  | $ | 26.47 |  |  | 2.8 |  | $ | 2,897 |
Time-based awards granted | 12,780 |  | 31.30 |  |  |  |  | 400 |
Performance-based awards granted | 29,890 |  | 31.06 |  |  |  |  | 928 |
Vested | (49,446) |  |  | 48.06 |  |  |  |  | (1,305) |
Non-vested at December 31, 2024 | 102,678 |  | $ | 28.44 |  |  | 2.7 |  | $ | 2,920 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration