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Shareholders' Equity and Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Various Information
At December 31, 2023 and 2022, 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, 2023December 31, 2022
Outstanding performance units (maximum issuance)273,202 209,702 
Outstanding RSU’s290,141 269,868 
Outstanding options333,608 222,032 
2018 Stock Incentive Plan732,427 342,157 
Non-Management Director Plan130,162 55,878 
2018 Employee Stock Purchase Plan447,655 515,941 
Total2,207,195 1,615,578 
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 Gain (Loss) on Cash Flow HedgesTotal
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)$18,777 
Net change(149,623)(2,696)3,210 (149,109)
Transfer from available-for-sale to held-to-maturity(197)197 — — 
Balance, December 31, 2022$(144,549)$13,185 $1,032 $(130,332)
Net change31,705 (2,605)217 29,317 
Balance, December 31, 2023$(112,844)$10,580 $1,249 $(101,015)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
The following table presents the pre-tax and after-tax changes in the components of other comprehensive income:
202320222021
($ in thousands)Pre-taxTax effectAfter-taxPre-taxTax effectAfter-taxPre-taxTax effectAfter-tax
Change in unrealized gain (loss) on available-for-sale securities$42,988 $10,833 $32,155 $(200,030)$(50,407)$(149,623)$(22,701)$(5,652)$(17,049)
Reclassification of gain on sale of available-for-sale securities(a)(601)(151)(450)— — — — — — 
Reclassification of gain on held-to-maturity securities(a)(3,483)(878)(2,605)(3,605)(909)(2,696)(4,672)(1,048)(3,624)
Change in unrealized gain (loss) on cash flow hedges(656)(165)(491)3,741 943 2,798 1,533 372 1,161 
Reclassification of loss on cash flow hedges(b)945 237 708 551 139 412 1,543 374 1,169 
Total other comprehensive income (loss)$39,193 $9,876 $29,317 $(199,343)$(50,234)$(149,109)$(24,297)$(5,954)$(18,343)
(a)The pre-tax amount is reported in noninterest income/expense in the Consolidated Statements of Income.
(b)The pre-tax amount is reported in interest income/expense in the Consolidated Statements of Income.
Share-based Payment Arrangement, Cost by Plan [Table Text Block]
The following table summarizes share-based compensation expense:
($ in thousands)202320222021
Performance stock units$2,879 $2,391 $1,777 
Restricted stock units5,014 4,156 3,109 
Stock options1,609 916 396 
Employee stock purchase plan644 543 735 
Total share-based compensation expense$10,146 $8,006 $6,017 
Outstanding Long Term Incentive Awards [Table Text Block]
Information related to the outstanding grants at December 31, 2023 is shown below:
($ in thousands, except per share data)2021 - 2023 Cycle2022 - 2024 Cycle2023 - 2025 Cycle
Shares issuable at target38,412 41,765 56,424 
Maximum shares issuable76,824 83,530 112,848 
Unrecognized compensation cost$77 $1,001 $2,340 
Weighted average grant date fair value (per share)$47.16 $51.91 $62.19 

Maximum Shares Issuable
Outstanding at December 31, 2022209,702 
Granted112,848 
Vested (issued 31,142 shares)
(49,348)
Outstanding at December 31, 2023273,202 
Summary of Employee Stock Option and SSARs Activity
Following is a summary of stock option activity for 2023.
SharesWeighted
Average
Exercise Price
Weighted
Average
Remaining
Contractual Term
Outstanding at December 31, 2022222,032 $46.12 
Granted122,161 54.46 
Exercised(909)45.28 
Forfeited(9,676)48.30 
Outstanding at December 31, 2023333,608 $49.11 8.2 years
Exercisable at December 31, 202353,208 $45.30 7.5 years
Summary of Restricted Stock Units Activity
A summary of the status of the Company’s RSU awards as of December 31, 2023 and changes during the year then ended is presented below.
SharesWeighted Average Grant Date
Fair Value
Outstanding at December 31, 2022269,868 $46.49 
Granted107,353 50.46 
Vested(77,195)43.60 
Forfeited(9,885)47.65 
Outstanding at December 31, 2023290,141 $48.69 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following weighted average assumptions were used for grants issued during the year ended December 31, 2023.
Weighted Average
Risk Free Interest Rate4.09%
Expected Dividend Yield1.84%
Expected Volatility34.74%
Expected Term (years)6.3
Restricted Stock Units (RSUs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Various Information
Various information related to the RSUs is shown below.
($ in thousands)202320222021
Total fair value of awards vesting during the year $3,894 $3,888 $2,855 
Unrecognized compensation cost 8,438 8,507 4,622 
Expected years to recognize unearned compensation1.7 years2.0 years1.9 years
Weighted average grant date fair value$50.46 $47.96 $44.01 
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.
202320222021
Shares granted27,016 23,343 12,998 
Weighted average grant date fair value$41.31 $42.17 $46.05