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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of the effects of share-based compensation to options and awards granted under the Company's equity incentive plans The following table summarizes the effects of share-based compensation for options and awards granted under the Company's equity incentive plans for each of the periods presented:
 
 Year Ended December 31,
(Dollars in thousands)202220212020
Salaries and employee benefits$4,567 $4,580 $3,822 
Directors stock awards350 91 165 
Income tax benefit(1,461)(1,449)(809)
Net share-based compensation effect$3,456 $3,222 $3,178 
Summary of option activity for stock option plans
The following is a summary of option activity for our stock option plans for the year ended December 31, 2022:
 
Number
of Units
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
(in years)
Aggregate
Intrinsic
Value
(in thousands)
Stock options outstanding as of January 1, 202247,440 $14.32 
Changes during the year:
Granted— — 
Exercised(47,440)14.32 $706 
Expired— — 
Forfeited— — 
Stock options outstanding as of December 31, 2022— — 0.0— 
Vested and exercisable as of December 31, 2022— 0.0— 
Schedule of activity of restricted stock awards and units
The table below presents the activity of RSUs and PSUs for each of the periods presented:
 
Number
of Units
Weighted
Average
Grant Date
Fair Value
Fair Value
of RSUs
and PSUs That
Vested During
The Year
(in thousands)
Unvested as of December 31, 2019366,467 $28.89 
Changes during the year:
Granted322,180 18.11 
Forfeited(28,058)23.79 
Vested(128,215)29.48 $3,780 
Unvested as of December 31, 2020532,374 22.49 
Changes during the year:
Granted221,774 21.93 
Forfeited(75,850)21.95 
Vested(192,959)23.42 5,077 
Unvested as of December 31, 2021485,339 21.95 
Changes during the year:  
Granted99,887 28.99 
Forfeited(53,980)25.66 
Vested(178,781)21.91 4,787 
Unvested as of December 31, 2022352,465 23.40