Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

Summary of Restricted Stock Activity

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

	Six Months Ended June 30, 2021
	Shares		Fair Value
Balance at December 31, 2020		136,167	$	46.78
Granted		49,406		41.54
Vested		(22,750)		47.97
Balance at June 30, 2021		162,823	$	44.99

Summary of PBRS Activity

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

	Six Months Ended June 30, 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 June 30, 2021		119,199	$	46.79

Summary of SARs Activity

There were no SARs granted and no expense recognized during the six months ended June 30, 2021. Following is a summary of the activity of the Company’s SARs program for the six-month period ended June 30, 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	—		—
Forfeited	(2,088)		31.92	─		─
Exercisable at June 30, 2021	122,351	$	34.50	1.67	$	1,228