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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2021
Compensation And Retirement Disclosure [Abstract]  
Summary of Restricted Shares Issued, Vested and Forfeited

The table below summarizes the details of the restricted shares issued, vested, and forfeited for the years ending December 31, 2021, 2020 and 2019.

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

Number of

Shares

 

 

Number of Employees

 

 

Number of

Shares

 

 

Number of Employees

 

 

Number of

Shares

 

 

Number of Employees

 

Restricted shares issued

 

 

48,750

 

 

 

96

 

 

 

37,382

 

 

 

92

 

 

 

38,100

 

 

 

94

 

Restricted shares vested

 

 

18,845

 

 

 

50

 

 

 

23,491

 

 

 

58

 

 

 

26,070

 

 

 

63

 

Restricted shares awarded due to retirement

 

 

4,425

 

 

 

7

 

 

 

10,890

 

 

 

8

 

 

 

14,300

 

 

 

3

 

Restricted shares awarded for other

 

 

-

 

 

 

-

 

 

 

1,050

 

 

 

1

 

 

 

-

 

 

 

-

 

Restricted shares forfeited

 

 

2,575

 

 

 

4

 

 

 

2,175

 

 

 

5

 

 

 

3,220

 

 

 

4

 

 

Activity of Restricted Stock Awards

The following table summarizes the activity of restricted stock awards as of December 31:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

Number of

Shares

 

 

Weighted

average

fair value

per award

 

 

Number of

Shares

 

 

Weighted

average

fair value

per award

 

 

Number of

Shares

 

 

Weighted

average

fair value

per award

 

Beginning of period

 

 

88,226

 

 

$

28.40

 

 

 

88,450

 

 

$

31.52

 

 

 

93,940

 

 

$

29.87

 

Granted

 

 

48,750

 

 

 

22.70

 

 

 

37,382

 

 

 

21.80

 

 

 

38,100

 

 

 

25.14

 

Vested

 

 

(23,270

)

 

 

42.03

 

 

 

(35,431

)

 

 

29.27

 

 

 

(40,370

)

 

 

21.76

 

Forfeited

 

 

(2,575

)

 

 

24.28

 

 

 

(2,175

)

 

 

21.92

 

 

 

(3,220

)

 

 

30.12

 

Nonvested, end of period

 

 

111,131

 

 

$

23.02

 

 

 

88,226

 

 

$

28.40

 

 

 

88,450

 

 

$

31.52