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Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Payment Arrangement, Cost by Plan [Table Text Block]
The following table summarizes share-based compensation expense:
($ in thousands)202120202019
Performance stock units$1,777 $1,097 $1,699 
Restricted stock units3,109 2,613 1,969 
Stock options396 — — 
Employee stock purchase plan735 468 364 
Total share-based compensation expense$6,017 $4,178 $4,032 
Outstanding Long Term Incentive Awards [Table Text Block]
Information related to the outstanding grants at December 31, 2021 is shown below:
($ in thousands)2019 - 2021 Cycle2020 - 2022 Cycle2021 - 2023 Cycle
Shares issuable at target19,576 24,674 40,372 
Maximum shares issuable39,152 49,348 80,744 
Unrecognized compensation cost$27 $538 $1,981 
Weighted average grant date fair value$47.46 $38.09 $47.16 
Schedule of Various Information
At December 31, 2021 and 2020, the Company has reserved the following shares of its authorized but unissued common stock for possible future issuance in connection with the following:
December 31, 2021December 31, 2020
Outstanding performance units (maximum issuance)169,244 125,176 
Outstanding RSU’s181,657 157,428 
Outstanding options and appreciation rights112,927 — 
2018 Stock Incentive Plan670,326 339,691 
Non-Management Director Plan73,618 86,616 
2018 Employee Stock Purchase Plan 571,064 635,890 
Total1,778,836 1,344,801 
Summary of Employee Stock Option and SSARs Activity
Following is a summary of stock option activity for 2021.
($ in thousands, except per share data)SharesWeighted
Average
Exercise Price
Weighted
Average
Remaining
Contractual Term
Outstanding at December 31, 2020— $— 
Granted118,604 43.80 9.2 years
Forfeited(5,677)43.81 
Outstanding at December 31, 2021112,927 $43.80 9.2 years
Exercisable at December 31, 2021460 $43.81 9.2 years
Summary of Restricted Stock Units Activity
A summary of the status of the Company’s RSU awards as of December 31, 2021 and changes during the year then ended is presented below.
SharesWeighted Average
Grant Date
Fair Value
Outstanding at December 31, 2020157,428 $42.44 
Granted100,220 44.01 
Vested(65,755)43.91 
Forfeited(10,236)43.51 
Outstanding at December 31, 2021181,657 $42.71 
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The following table presents the changes in accumulated other comprehensive income (loss) after-tax by component:
($ in thousands)Net Unrealized Gain (Loss) on Available-for-Sale Debt SecuritiesUnamortized Gain (Loss) on Held-to-Maturity SecuritiesNet Unrealized Loss on Cash Flow HedgesTotal
Balance, December 31, 2018$(9,047)$(235)$— $(9,282)
Net change29,226 (33)(2,162)27,031 
Transfer from available-for-sale to held-to-maturity(5,202)5,202 — — 
Balance, December 31, 2019$14,977 $4,934 $(2,162)$17,749 
Net change23,627 (1,910)(2,346)19,371 
Transfer from available-for-sale to held-to-maturity(16,284)16,284 — — 
Balance, December 31, 2020$22,320 $19,308 $(4,508)$37,120 
Net change(17,049)(3,624)2,330 (18,343)
Balance, December 31, 2021$5,271 $15,684 $(2,178)$18,777 
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
The following table presents the pre-tax and after-tax changes in the components of other comprehensive income:
202120202019
($ in thousands)Pre-taxTax effectAfter-taxPre-taxTax effectAfter-taxPre-taxTax effectAfter-tax
Change in unrealized gain (loss) on available-for-sale debt securities$(22,701)$(5,652)$(17,049)$31,798 $7,854 $23,944 $38,764 $9,575 $29,189 
Reclassification adjustment for realized (gain) loss on sale of available-for-sale debt securities(a)— — — (421)(104)(317)49 12 37 
Reclassification of gain on held-to-maturity securities(b)(4,672)(1,048)(3,624)(2,537)(627)(1,910)(44)(11)(33)
Change in unrealized gain (loss) on cash flow hedges arising during the period(b)1,533 372 1,161 (7,898)(1,951)(5,947)(3,004)(742)(2,262)
Reclassification of loss on cash flow hedges(b)1,543 374 1,169 4,782 1,181 3,601 133 33 100 
Total other comprehensive income (loss)$(24,297)$(5,954)$(18,343)$25,724 $6,353 $19,371 $35,898 $8,867 $27,031 
(a)The pre-tax amount is reported in noninterest income/expense in the Consolidated Statements of Operations.
(b)The pre-tax amount is reported in interest income/expense in the Consolidated Statements of Operations, except for a $3.2 million termination fee in 2020 recognized in noninterest expense.
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following weighted average assumptions were used for grants issued during the year ended December 31, 2021.

Weighted Average
Risk Free Interest Rate1.06%
Expected Dividend Yield1.65%
Expected Volatility33.92%
Expected Term (years)6.2
Restricted Stock Units (RSUs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Various Information
Various information related to the RSUs is shown below.
($ in thousands)202120202019
Total fair value at vesting date$2,855 $1,702 $1,067 
Unrecognized compensation cost 4,622 3,899 3,417 
Expected years to recognize unearned compensation1.9 years1.9 years1.9 years
Weighted average grant date fair value$44.01 $39.63 $45.00 
Stock Plan for Non-Management Directors  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Various Information
Various information related to the Director Plan is shown below.
202120202019
Shares granted12,998 15,901 11,382 
Weighted average grant date fair value$46.05 $30.28 $41.63