XML 56 R38.htm IDEA: XBRL DOCUMENT v3.24.0.1

Stock Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Stock Based Compensation [Abstract]

Summary of Stock Option Activity

	2023								2022
			Weighted								Weighted
			Average								Average
			Exercise			Intrinsic					Exercise			Intrinsic
	Options		Price			Value			Options		Price			Value
Outstanding, beginning of year	218,975		$	26.70					226,075		$	26.37
Granted	41,000			29.66					38,000			33.53
Exercised	(38,000)			23.30					(34,425)			19.08
Forfeited	(6,250)			29.16					(10,675)			27.56
Outstanding, end of year	215,725		$	29.81		$	759		218,975		$	26.70		$	1,100
Exercisable, end of year	174,725		$	29.85		$	626		180,975		$	27.68		$	1,100

Schedule of Fair Value Assumptions

	Years Ended December 31,
	2023			2022
Dividend yield		3.59%			3.57%
Expected life		10 years			10 years
Expected volatility		35.09%			35.01%
Risk-free interest rate		3.88%			3.87%
Weighted average fair value of options granted	$	8.90		$	10.06

Schedule of Outstanding Stock Options

	Options		Exercise			Remaining		Options		Exercise
	Outstanding		Price			Life, Years		Exercisable		Price
	4,125		$	19.39		1.0		4,125		$	19.39
	7,125			19.03		1.9		7,125			19.03
	10,125			22.37		3.0		10,125			22.37
	23,750			32.81		4.0		23,750			32.81
	20,600			32.34		5.0		20,600			32.34
	22,500			36.02		6.0		22,500			36.02
	23,500			26.93		7.0		23,500			26.93
	1,000			26.35		7.3		1,000			26.35
	1,000			25.38		7.5		1,000			25.38
	27,500			25.80		8.0		27,500			25.80
	33,500			33.53		9.0		33,500			33.53
	2,500			29.60		9.2
	38,500			29.66		10.0
Total	215,725							174,725

Summary of Restricted Stock Activity

		2023				2022
				Weighted-Average				Weighted-Average
		Number of		Grant Date		Number of		Grant Date
		Shares		Fair Value		Shares		Fair Value
Non-vested, beginning of year		44,460		$30.12		32,030		$26.76
Granted		19,446		29.66		23,000		30.25
Vested		(15,090)		30.20		(10,570)		30.89
Forfeited		(2,850)		30.15		—		—
Non-vested at December 31		45,966		$29.90		44,460		$30.12

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ 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

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_ShareBasedCompensationAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding and exercisable options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

+ References

Reference 1: 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

Name:	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAndExercisableTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration