XML 37 R26.htm IDEA: XBRL DOCUMENT v3.25.1
Stock-Based Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2025
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):
Three Months ended
March 31,
20252024
Stock option grants$39 $19 
Restricted stock awards326 301 
$365 $320 
Schedule of Changes in Outstanding Options
A summary of changes in outstanding options is presented below (in thousands, except share and per share amounts):
OptionsNumber
Of
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Term (yrs)
Weighted
Average
Grant Date
Fair Value(000's)
Outstanding at January 1, 2025142,990$23.35 3.3$1,281 
Time-based awards granted12,00530.63 150 
Performance-based awards granted20,01030.63 250 
Outstanding at March 31, 2025175,005$24.68 3.3$1,681 
Exercisable at March 31, 2025113,510$21.24 2.7$918 
Vested during three months ended
March 31, 2025
$— 
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 stockNumber
Of
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Term (yrs)
Weighted
Average
Grant Date
Fair Value(000's)
Non-vested at January 1, 2025102,678$28.44 2.7$2,920 
Time-based awards granted15,34430.63 470 
Performance-based awards granted25,09630.72 771 
Vested(9,623)24.67 (267)
Non-vested at March 31, 2025133,495$29.17 2.9$3,894