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Shareholders' Equity
12 Months Ended
Dec. 31, 2021
Shareholders' Equity [Abstract]  
Shareholders’ Equity Note 20. Shareholders’ Equity The Board of Directors, from time to time, authorizes the repurchase of the Corporation’s $1.00 par value common stock. The repurchased shares will be held as Treasury shares available for issuance in connection with future stock dividends and stock splits, employee benefit plans, executive compensation plans, the Dividend Reinvestment Plan (DRIP) and other appropriate corporate purposes. The term of the repurchase plans is normally one year. The Corporation held 269,529 and 321,517 treasury shares at cost at December 31, 2021 and 2020, respectively. The following table provides information about the Corporation’s stock repurchase activity: Shares RepurchasedPlan Date Authorized Expiration 2021 202012/17/2020 150,000 shares 12/18/2021 37,320 36,40112/20/2021 150,000 shares 12/19/2022 659 N/A The Corporation’s DRIP allows for shareholders to purchase additional shares of the Corporation’s common stock by reinvesting cash dividends paid on their shares or through optional cash payments. The Corporation has authorized one million (1,000,000) shares of its currently authorized common stock to be issued under the plan or may issue from Treasury shares. The DRIP added $2.4 million to capital during 2021. This total was comprised of $1.0 million from the reinvestment of quarterly dividends and $1.4 million of optional cash contributions. During 2021, 77,851 shares of common stock were purchased through the DRIP and 311,853 shares remain to be issued.