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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Restricted Stock Activity
Restricted stock activity for the year ended December 31, 2022, 2021, and 2020 was as follows:
RSAWeighted Average Grant PricePRSUWeighted Average Grant PriceRSUWeighted Average Grant PriceTotalWeighted Average Grant Price
Nonvested balance as of January 1, 2020152,277 $22.37 21,510 $26.77 3,148 $20.36 176,935 $22.51 
Granted (1)
57,305 24.08 18,060 31.32 3,410 25.82 78,775 25.82 
Vested(55,334)22.31 — — (1,570)20.41 (56,904)22.26 
Forfeited(11,002)22.86 — — — — (11,002)22.86 
Nonvested balance as of December 31, 2020143,246 23.04 39,570 28.85 4,988 24.08 187,804 24.29 
Granted (1)
67,515 22.39 23,550 27.12 2,065 21.68 93,130 23.57 
Vested(61,384)22.26 — — (2,001)22.91 (63,385)22.28 
Forfeited(7,760)23.24 — — — — (7,760)23.24 
Nonvested balance as of December 31, 2021141,617 23.06 63,120 28.20 5,052 23.56 209,789 24.62 
Granted (1)
62,560 34.04 37,335 24.71 3,115 27.95 103,010 30.47 
Vested(62,353)23.21 (43,020)18.91 (2,062)23.20 (107,435)21.49 
Forfeited(8,507)26.15 — — — — (8,507)26.15 
Nonvested balance as of December 31, 2022133,317 $27.95 57,435 $32.89 6,105 $25.92 196,857 $29.32 
Unrecognized compensation cost (in thousands)$2,516 $1,041 $91 $3,648 
Weighted average remaining recognition period (in years)2.431.751.702.22
(1)The number of restricted shares/units shown includes the shares that would be granted if the target level of performance is achieved related to the PRSU. The number of shares actually issued may vary. During the year ended December 31, 2022, an additional 21,510 were issued related to actual performance results of previously granted awards.
Share-based Payment Arrangement, Expensed and Capitalized, Amount
Share-based compensation expense related to restricted stock and ESPP included in the Consolidated Statements of Income was as follows:
For the Year Ended December 31,
202220212020
(In Thousands)
Share-based compensation expense$2,584 $2,513 $1,871