Stock-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Stock compensation expense

The Company recorded the following Stock compensation expense in its consolidated statements of income (in thousands):

	Years Ended December 31,
	2022		2021		2020
Stock option grants	$	69		69		92
Restricted stock awards		800		492		250
Employee stock grant		50		50		530
Annual director stock award		650		500		500
	$	1,569		1,111		1,372

Summary of changes in outstanding options

A Summary of changes in outstanding options is presented below (in thousands, except share and per share amounts):

				Weighted		Weighted		Weighted
	Number			Average		Average		Average
	of			Exercise		Remaining		Grant Date
Options	Shares			Price		Term (yrs)		Fair Value(000's)
Outstanding at
January 1, 2020		132,504		$	33.82		5.8	$	1,631
Exercised		(12,415	)	$	19.23			$	(100	)
Outstanding at
December 31, 2020		120,089		$	35.33		5.3	$	1,531
Exercised		(15,334	)	$	17.54			$	(115	)
Outstanding at
December 31, 2021		104,755		$	37.93		4.8	$	1,416
Exercised		(16,460	)	$	25.07			$	(145	)
Outstanding at
December 31, 2022		88,295		$	40.33		4.4	$	1,271
Exercisable at
December 31, 2022		84,305		$	40.07		4.3	$	1,205
Vested during
twelve months ended
December 31, 2022		4,179						$	69

Stock options outstanding

The following table summarizes information concerning Stock options outstanding at December 31, 2022:

	Shares	Weighted			Weighted
Range of Exercise	under	Average			Average
Prices per Share	Option	Exercise Price			Remaining Life
Non-exercisable:
$43.16 - $45.97	3,990		$	45.97		5.9	Years
Exercisable:
$29.96 - $35.95	22,750			29.62		1.9
$35.96 - $43.15	12,000			38.45		4.0
$43.16 - $45.97	49,555			45.25		5.4
	84,305		$	40.07		4.3	Years
Total	88,295		$	40.33		4.4	Years

Summary of changes in restricted stock awards

A Summary of changes in restricted stock awards is presented below (in thousands, except share and per share amounts):

				Weighted		Weighted	Weighted
	Number			Average		Average	Average
	Of			Exercise		Remaining	Grant Date
Restricted stock	Shares			Price		Term (yrs)	Fair Value(000's)
Non-vested at January 1, 2020		0		$	0		$	0
Performance-based awards granted		20,520			46.30			950
Non-vested at December 31, 2020		20,520		$	46.30	3.4	$	950
Time-based awards granted		8,896			45.55			405
Performance-based awards granted		18,882			45.55			860
Vested		(2,224	)		45.55			(101	)
Non-vested at December 31, 2021		46,074		$	45.88	3.1	$	2,114
Time-based awards granted		7,448			57.80			431
Performance-based awards granted		14,016			57.80			810
Vested		(15,679	)		47.56			(746	)
Forfeited		(1,363	)		46.30			(63	)
Non-vested at December 31, 2022		50,496		$	50.42	3.0	$	2,546