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Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Compensation [Abstract]

Schedule of Restricted Stock Outstanding

A summary of the Company’s outstanding and unearned RSUs is presented below:

		RSUs				Weighted-Average Grant-Date Fair Value Per Share
Units outstanding and unearned at January 1, 2021			115,780			$	15.27
RSUs granted during 2021			58,700				18.76
RSUs earned during 2021			(66,100	)			15.77
Units outstanding and unearned at December 31, 2021			108,380				16.86
RSUs granted during 2022			59,600				17.61
RSUs earned during 2022			(52,620	)			17.39
Units outstanding and unearned at December 31, 2022			115,360				17.00
RSUs granted during 2023			85,000				13.76
RSUs earned during 2023			(53,780	)			16.32
Units outstanding and unearned at December 31, 2023			146,580			$	15.37

Schedule of RSU Activity

The following table shows the impact of RSU activity to the Company’s financial results:

		Year Ended December 31,
		2023				2022				2021
RSU compensation expense		$	1,095			$	952			$	1,065
Income tax benefit			(249	)			(216	)			(242	)
RSU compensation expense, net of income taxes		$	846			$	736			$	823
Total grant-date fair value of vested RSUs at end of period		$	872			$	915			$	1,042

Schedule of Performance Stock Outstanding

A summary of the Company’s outstanding PSUs is presented below:

		PSUs				Weighted-Average Grant-Date Fair Value Per Share
Units outstanding at January 1, 2021			174,600			$	15.15
PSUs granted during 2021 (at target)			64,600				18.64
PSUs earned during 2021			(70,363	)			16.25
Performance adjustment (1)			24,300				16.25
Forfeitures			(2,537	)			16.25
Units outstanding at December 31, 2021			190,600				16.06
PSUs granted during 2022 (at target)			61,800				18.10
PSUs earned during 2022			(86,684	)			15.21
Performance adjustment (1)			31,200				15.21
Forfeitures			(6,916	)			15.21
Units outstanding at December 31, 2022			190,000				17.00
PSUs granted during 2023 (at target)			87,400				13.85
PSUs earned during 2023			—				—
Performance adjustment (1)			(63,600	)			14.26
Forfeitures			—				—
Units outstanding at December 31, 2023			213,800			$	16.53

⁽¹⁾  Represents the change in PSUs issued based upon the attainment of performance goals established by the Company.

Schedule of PSU Activity

The following table shows the impact of PSU activity to the Company’s financial results:

		Year Ended December 31,
		2023				2022				2021
PSU compensation expense (benefit)		$	206			$	(1,022	)		$	1,344
Income tax expense (benefit)			(47	)			232				(305	)
PSU compensation expense (benefit), net of income taxes		$	159			$	(790	)		$	1,039
Total grant-date fair value of vested PSUs at end of period		$	—			$	1,319			$	1,143

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Tabular disclosure of the changes in outstanding nonvested performance-based units.

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