Share Based Payments (Tables)

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

Schedule of nonvested share activity

	Number of Shares			Weighted Average Grant Date Fair Value
Nonvested options – beginning of period		514,210		$	12.36
Nonvested options granted		9,000		$	12.16
Nonvested options vested or forfeited		(19,390	)	$	11.28
Nonvested options – end of period		503,820		$	12.39

Schedule of stock options, activity

	Shares			Weighted Average Exercise Price
Outstanding at January 1, 2020		815,800		$	49.89
Options granted		9,000			69.11
Options forfeited		(11,120	)		60.77
Options exercised		(24,540	)		32.45
Outstanding at September 30, 2020		789,140		$	50.49
Options exercisable		285,320		$	35.41
Options available for future grants		575,815

Schedule of cash proceeds received from share-based payment awards

(In thousands)	September 30, 2020		September 30, 2019
Cash proceeds from stock options exercised	$	796	$	2,781
Tax benefits		--		400
Intrinsic value of stock options exercised		788		2,752

Schedule of valuation assumptions in Black-Scholes pricing

	September 30, 2020			September 30, 2019
Weighted average expected stock-price volatility		25	%		27	%
Weighted average expected option life		5 years			5 years
Weighted average risk-free interest rate		1.4	%		2.5	%
Weighted average dividend yield		2.5	%		2.0	%