XML 42 R31.htm IDEA: XBRL DOCUMENT v3.21.2
Stock-Based Incentive Plan (Tables)
 6 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement [Abstract]  
Status of Options Granted Under Long-Term Incentive Plan
The following is a summary of the Corporation's stock option activity and related information for the six months ended June 30, 2021:
(Dollars in thousands, except per share data)Shares Under OptionWeighted Average Exercise Price Per ShareWeighted Average Remaining Contractual Life (Years)Aggregate Intrinsic Value at June 30, 2021
Outstanding at December 31, 2020453,785 $25.06 
Forfeited(9,500)28.33 
Exercised(46,527)21.13 
Outstanding at June 30, 2021397,758 25.44 5.4$912 
Exercisable at June 30, 2021397,758 25.44 5.4912 
Summary of Nonvested Stock Options
The following is a summary of nonvested stock options at June 30, 2021 including changes during the six months then ended:
(Dollars in thousands, except per share data) Nonvested Stock Options Weighted Average Grant Date Fair Value
Nonvested stock options at December 31, 202049,771 $6.46 
Vested(49,771)6.46 
Nonvested stock options at June 30, 2021— — 
Summary of Nonvested Restricted Stock Awards and Units
The following is a summary of nonvested restricted stock awards and nonvested restricted stock units at June 30, 2021 including changes during the six months then ended:
(Dollars in thousands, except per share data) Nonvested Stock Awards and Units Weighted Average Grant Date Fair Value
Nonvested stock awards and units at December 31, 2020305,704 $21.18 
Granted154,607 27.82 
Vested(85,731)22.68 
Cancelled(10,677)22.40 
Nonvested stock units at June 30, 2021363,903 23.61 
Certain Information Regarding Restricted Stock
Certain information regarding restricted stock awards and units is summarized below for the periods indicated:
Six Months Ended June 30,
(Dollars in thousands, except per share data)20212020
Restricted stock units granted154,607 179,080 
Weighted average grant date fair value$27.82 $18.62 
Intrinsic value of units granted$4,301 $3,335 
Restricted stock awards and units vested85,731 59,855 
Weighted average grant date fair value$22.68 $27.17 
Intrinsic value of awards and units vested$2,354 $1,375 
Schedule of Unrecognized Compensation Cost, Nonvested Restricted Stock Units
The total unrecognized compensation expense and the weighted average period over which unrecognized compensation expense is expected to be recognized related to nonvested restricted stock units at June 30, 2021 is presented below:
(Dollars in thousands)Unrecognized Compensation CostWeighted-Average Period Remaining (Years)
Restricted stock units$6,466 2.1
$6,466 2.1
Compensation Expense Related to Stock Incentive Plans Recognized
The following table presents information related to the Corporation’s compensation expense related to stock incentive plans recognized for the periods indicated:
Six Months Ended June 30,
(Dollars in thousands)20212020
Stock-based compensation expense:
Stock options$62 $190 
Restricted stock awards and units1,701 949 
Employee stock purchase plan48 44 
Total$1,811 $1,183 
Tax benefit on nonqualified stock option expense, restricted stock awards and disqualifying dispositions of incentive stock options$203 $243