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Stock-Based Incentive Plan (Tables)
 12 Months Ended
Dec. 31, 2022
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 year ended December 31, 2022:
(Dollars in thousands, except per share data)Shares Under OptionWeighted Average Exercise Price Per ShareWeighted Average Remaining Contractual Life (Years)Aggregate Intrinsic Value at December 31, 2022
Outstanding at December 31, 2021351,252 $25.74 
Expired(1,500)14.80 
Forfeited(22,707)28.33 
Exercised(32,934)21.20 
Outstanding at December 31, 2022294,111 26.11 4.1$497 
Exercisable at December 31, 2022294,111 26.11 4.1497 
Summary of Nonvested Stock Options
Summary of Nonvested Restricted Stock Units
The following is a summary of nonvested restricted stock units at December 31, 2022 including changes during the year:
(Dollars in thousands, except per share data) Nonvested Stock Units Weighted Average Grant Date Fair Value
Nonvested stock units at December 31, 2021358,134 $23.61 
Granted186,360 28.06 
Cancelled by performance factor(555)23.18 
Vested(124,167)23.53 
Cancelled/forfeited(11,508)25.68 
Nonvested stock units at December 31, 2022408,264 25.57 
Certain Information Regarding Restricted Stock Awards and Units
Certain information regarding restricted stock awards and units is summarized below for the periods indicated:
For the Years Ended December 31,
(Dollars in thousands, except per share data)202220212020
Restricted stock units granted186,360 155,607 262,844 
Weighted average grant date fair value$28.06 $27.81 $19.00 
Intrinsic value of units granted$5,229 $4,328 $4,994 
Restricted stock awards and units vested124,167 87,075 59,855 
Weighted average grant date fair value$23.53 $22.71 $27.17 
Intrinsic value of awards and units vested$3,519 $2,391 $1,375 
Schedule of Unrecognized Compensation Cost, Nonvested Awards
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 December 31, 2022 is presented below:
(Dollars in thousands)Unrecognized Compensation CostWeighted-Average Period Remaining (Years)
Restricted stock units$5,462 1.8
Compensation Expense Related to Stock Incentive Plans Recognized
The following table presents information related to the Corporation's compensation expense related to stock incentive plans recognized for the periods indicated:
For the Years Ended December 31,
(Dollars in thousands)202220212020
Stock-based compensation expense:
Stock options$— $62 $338 
Restricted stock awards and units4,120 3,636 1,142 
Employee stock purchase plan100 91 88 
Total$4,220 $3,789 $1,568 
Tax benefit on nonqualified stock option expense, restricted stock awards and disqualifying dispositions of incentive stock options$666 $551 $278