Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Summary of Restricted Stock Activity

Following is a summary of the activity of the restricted stock:

	Three Months Ended March 31, 2021
	Shares		Fair Value
Balance at December 31, 2020		136,167	$	46.78
Granted		39,686		40.63
Vested		(21,364)		48.62
Balance at March 31, 2021		154,489	$	44.91

Summary of PBRS Activity

Following is a summary of the activity of the PBRS, based on target value:

	Three Months Ended March 31, 2021
	Shares		Fair Value
Balance at December 31, 2020		98,410	$	50.64
Granted		52,240		40.74
Vested		(31,451)		48.63
Balance at March 31, 2021		119,199	$	46.79

Summary of SARs Activity

There were no SARs granted and no expense recognized during the three months ended March 31, 2021. Following is a summary of the activity of the Company’s SARs program for the three-month period ended March 31, 2021:

	Shares	Weighted- Average Exercise Price		Average Remaining Contractual Term Years	Aggregate Intrinsic Value (In thousands)
Balance at December 31, 2020	144,999	$	32.99	1.95	$	1,095
Exercised	(20,560)		24.12	─		─
Exercisable at March 31, 2021	124,439	$	34.46	1.92	$	1,483