XML 59 R48.htm IDEA: XBRL DOCUMENT v3.25.0.1
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Stock Activity

Restricted stock activity for the year ended December 31, 2023 and the year ended December 31, 2024 was as follows:

 

 

 

RSA

 

 

Weighted
Average
Grant Price

 

 

PRSU

 

 

Weighted
Average
Grant Price

 

 

RSU

 

 

Weighted
Average
Grant Price

 

 

Total

 

 

Weighted
Average
Grant Price

 

Nonvested balance as of
   January 1, 2022

 

 

141,617

 

 

$

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, 2022

 

 

133,317

 

 

$

27.95

 

 

 

57,435

 

 

$

32.89

 

 

 

6,105

 

 

$

25.92

 

 

 

196,857

 

 

$

29.32

 

Granted (1)

 

 

 

 

 

 

 

 

34,840

 

 

 

35.79

 

 

 

54,955

 

 

 

34.43

 

 

 

89,795

 

 

 

34.96

 

Vested

 

 

(56,931

)

 

 

27.03

 

 

 

(36,120

)

 

 

31.31

 

 

 

(3,253

)

 

 

26.06

 

 

 

(96,304

)

 

 

28.60

 

Forfeited

 

 

(4,435

)

 

 

30.20

 

 

 

 

 

 

 

 

 

(820

)

 

 

36.42

 

 

 

(5,255

)

 

 

31.17

 

Nonvested balance as of
   December 31, 2023

 

 

71,951

 

 

 

28.53

 

 

 

56,155

 

 

 

35.70

 

 

 

56,987

 

 

 

33.97

 

 

 

185,093

 

 

 

32.38

 

Granted (1)

 

 

 

 

 

 

 

 

27,614

 

 

 

34.76

 

 

 

65,717

 

 

 

30.43

 

 

 

93,331

 

 

 

31.71

 

Vested

 

 

(35,131

)

 

 

26.86

 

 

 

(34,139

)

 

 

25.43

 

 

 

(33,716

)

 

 

21.25

 

 

 

(102,986

)

 

 

24.57

 

Forfeited

 

 

(7,924

)

 

 

29.75

 

 

 

 

 

 

 

 

 

(8,827

)

 

 

36.25

 

 

 

(16,751

)

 

 

33.18

 

Nonvested balance as of
   December 31, 2024

 

 

28,896

 

 

$

30.09

 

 

 

49,630

 

 

$

42.24

 

 

 

80,161

 

 

$

36.04

 

 

 

158,687

 

 

$

36.77

 

Unrecognized compensation
   cost (in thousands)

 

$

416

 

 

 

 

 

$

1,037

 

 

 

 

 

$

2,192

 

 

 

 

 

$

3,645

 

 

 

 

Weighted average remaining
   recognition period (in years)

 

 

1.07

 

 

 

 

 

 

1.69

 

 

 

 

 

 

2.55

 

 

 

 

 

 

2.13

 

 

 

 

 

(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, 2024, an additional 10,589 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,

 

 

 

2024

 

 

2023

 

 

2022

 

 

 

(In Thousands)

 

Share-based compensation expense

 

$

2,785

 

 

$

2,977

 

 

$

2,584