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EQUITY AWARDS (Tables)
6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

A summary of stock option activity in the Plan during the six months ended June 30, 2024 and 2023 follows:

Six Months Ended June 30, 2024

 

Number of
Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Life in
Years

 

 

Aggregate
Intrinsic
Value

 

Outstanding at beginning of year

 

 

465,680

 

 

$

28.12

 

 

 

5.46

 

 

$

2,782

 

Granted

 

 

59,000

 

 

 

28.86

 

 

 

 

 

 

 

Exercised

 

 

(24,650

)

 

 

22.88

 

 

 

 

 

 

 

Forfeited

 

 

(18,600

)

 

 

34.25

 

 

 

 

 

 

 

Balance, June 30, 2024

 

 

481,430

 

 

$

28.24

 

 

 

5.62

 

 

$

1,993

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at end of period

 

 

282,310

 

 

$

26.63

 

 

 

3.80

 

 

$

1,532

 

 

Six Months Ended June 30, 2023

 

Number of
Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Life in
Years

 

 

Aggregate
Intrinsic
Value

 

Outstanding at beginning of year

 

 

497,820

 

 

$

28.07

 

 

 

5.87

 

 

$

3,402

 

Granted

 

 

28,500

 

 

 

27.74

 

 

 

 

 

 

 

Exercised

 

 

(8,800

)

 

 

25.57

 

 

 

 

 

 

 

Forfeited

 

 

(27,690

)

 

 

30.65

 

 

 

 

 

 

 

Balance, June 30, 2023

 

 

489,830

 

 

$

27.95

 

 

 

5.59

 

 

$

884

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at end of period

 

 

283,270

 

 

$

25.65

 

 

 

4.04

 

 

$

713

 

Schedule of Nonvested Stock Option Activity

A summary of nonvested stock option activity in the Plan during the six months ended June 30, 2024 and 2023 follows:

Six Months Ended June 30, 2024

 

Number of
Shares

 

 

Weighted-Average
Grant
Date Fair Value

 

Nonvested at beginning of year

 

 

182,570

 

 

$

6.10

 

Granted

 

 

59,000

 

 

 

6.36

 

Vested

 

 

(25,950

)

 

 

5.56

 

Forfeited

 

 

(16,500

)

 

 

7.71

 

Balance, June 30, 2024

 

 

199,120

 

 

$

6.18

 

 

Six Months Ended June 30, 2023

 

Number of
Shares

 

 

Weighted-Average
Grant
Date Fair Value

 

Nonvested at beginning of year

 

 

216,480

 

 

$

5.95

 

Granted

 

 

28,500

 

 

 

5.45

 

Vested

 

 

(27,460

)

 

 

5.80

 

Forfeited

 

 

(10,960

)

 

 

13.53

 

Balance, June 30, 2023

 

 

206,560

 

 

$

5.89

 

Plan Information

Information related to stock options in the Plan is as follows for the six months ended:

 

 

June 30, 2024

 

 

June 30, 2023

 

Intrinsic value of options exercised

 

$

213

 

 

$

17

 

Cash received from options exercised

 

 

564

 

 

 

225

 

Weighted average fair value of options granted

 

 

6.36

 

 

 

5.45

 

Summary of Restricted Stock Awards and Units Activity

A summary of restricted stock activity in the Plan during the six months ended June 30, 2024 and 2023 follows:

Six Months Ended June 30, 2024

 

Number of
Shares

 

 

Weighted-Average
 Grant
Date Fair Value

 

Nonvested at beginning of year

 

 

15,390

 

 

$

28.87

 

Granted

 

 

2,388

 

 

 

30.49

 

Vested

 

 

(3,511

)

 

 

28.52

 

Forfeited

 

 

(334

)

 

 

33.43

 

Balance, June 30, 2024

 

 

13,933

 

 

$

29.12

 

Six Months Ended June 30, 2023

 

Number of
Shares

 

 

Weighted-Average
Grant
 Date Fair Value

 

Nonvested at beginning of year

 

 

18,930

 

 

$

27.51

 

Granted

 

 

2,056

 

 

 

34.10

 

Vested

 

 

(2,970

)

 

 

27.50

 

Forfeited

 

 

(1,051

)

 

 

28.81

 

Balance, June 30, 2023

 

 

16,965

 

 

$

28.23