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Share-Based Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Compensation Plans  
Schedule of Company's stock option activity

The following table summarizes the Company’s stock option activity for the six-month period ended June 30, 2022:

Weighted

Weighted

Average

Average

Remaining

Aggregate

Exercise

Contractual

Intrinsic

    

Shares

    

Price

    

Term (Years)

    

Value*

Outstanding at December 31, 2021

 

1,279,833

$

25.44

 

  

 

  

Granted

 

$

 

  

 

  

Exercised

 

(51,614)

$

24.99

 

  

 

  

Forfeited or expired

 

(11,010)

$

24.36

 

  

 

  

Outstanding at June 30, 2022

 

1,217,209

$

25.47

 

5.2

$

1,355,000

Exercisable at June 30, 2022

 

743,501

$

26.59

 

3.5

$

343,000

*    The aggregate intrinsic value of outstanding and exercisable stock options is defined as the difference between the market value of the Company’s stock on June 30, 2022 of $24.45 and the exercise price multiplied by the number of in-the-money outstanding and exercisable stock options.

Schedule of Company's restricted stock award

The following table summarizes the Company’s restricted stock award activity for the six-month period ended June 30, 2022:

Weighted

Weighted

Average

Shares of

Average

Remaining

Aggregate

Restricted

Grant Date

Contractual

Intrinsic

    

Stock

    

Fair Value

    

Term (Years)

    

Value*

Non-vested at December 31, 2021

 

78,470

$

23.11

 

  

 

  

Issued

 

 

  

 

  

Vested

 

(5,050)

 

23.28

 

  

 

  

Forfeited

 

 

 

  

 

  

Non-vested at June 30, 2022

 

73,420

$

23.10

 

2.3

$

1,795,000

*     The aggregate intrinsic value of non-vested restricted stock was calculated using the market value of the Company’s stock on June 30, 2022 of $24.45 multiplied by the number of non-vested restricted shares outstanding.