v3.24.1.u1

Share-Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Summary of Share-Based Compensation Expense | The following table presents share-based compensation expense and the related tax benefits for the periods indicated:
|  | Three Months Ended March 31, |  |
($ in thousands) |  | 2024 |  | 2023 |  |  |  |
Share-based compensation expense related to: |  |  |  |  |  |  |  |
Stock options |  | $ | 72 |  |  | $ | 36 |  |  |  |  |
Restricted stock awards |  | 64 |  |  | 84 |  |  |  |  |
Total share-based compensation expense |  | $ | 136 |  |  | $ | 120 |  |  |  |  |
Related tax benefits |  | $ | 34 |  |  | $ | 25 |  |  |  |  |
The following table presents unrecognized share-based compensation expense as of the date indicated:
|  | March 31, 2024
($ in thousands) |  | Unrecognized Expense |  | Weighted-Average Remaining Expected Recognition Period
Unrecognized share-based compensation expense related to: |  |  |  |
Stock options |  | $ | 712 |  |  | 2.6 years
Restricted stock awards |  | 397 |  |  | 2.5 years
Total unrecognized share-based compensation expense |  | $ | 1,109 |  |  | 2.6 years
Summary of Stock Options | The following tables represent stock option activity for the periods indicated:
|  | Three Months Ended March 31, 2024
($ in thousands except per share data) |  | Number of Shares |  | Weighted-Average Exercise Price Per Share |  | Weighted-Average Contractual Term |  | Aggregated Intrinsic Value
Outstanding at beginning of period |  | 614,715 |  |  | $ | 13.90 |  |  | 5.7 years |  | $ | 2,788 |
Exercised |  | (3,351) |  |  | $ | 10.33 |  |  | 1.6 years |  |
Outstanding at end of period |  | 611,364 |  |  | $ | 13.91 |  |  | 5.5 years |  | $ | 1,477 |
Exercisable at end of period |  | 356,364 |  |  | $ | 12.49 |  |  | 2.8 years |  | $ | 1,368 |
The following table represents information regarding unvested stock options for the periods indicated:
|  | Three Months Ended March 31, |  |
|  | Number of Shares |  | Weighted-Average Exercise Price Per Share |  |  |  |
Outstanding at beginning of period |  | 271,000 |  |  | $ | 15.85 |  |  |  |  |
Vested |  | (16,000) |  |  | $ | 14.96 |  |  |  |  |
Outstanding at end of period |  | 255,000 |  |  | $ | 15.90 |  |  |  |  |
Summary of Restricted Stock Awards | The following table represents restricted stock award activity for the periods indicated:
|  | Three Months Ended March 31, |  |
|  | Number of Shares |  | Weighted-Average Grant Date Fair Value Per Share |  |  |  |
Outstanding at beginning of period |  | 41,661 |  |  | $ | 17.53 |  |  |  |  |
Vested |  | (16,261) |  |  | $ | 13.93 |  |  |  |  |
Outstanding at end of period |  | 25,400 |  |  | $ | 19.84 |  |  |  |  |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + 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
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- 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 -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -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
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