STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2021

STOCK-BASED COMPENSATION

Activity Related to Stock Options

				Weighted-
				Average
		Weighted-		Remaining	Aggregate
	Number of	Average Exercise		Contractual	Intrinsic
	Options	Price		Years	Value
Options outstanding at January 1, 2021	28,842	$	15.05
Options outstanding at January 1, 2021 as adjusted for conversion	18,685		23.23
Options acquired (1)	180,020		35.39
Options exercised	15,928		23.37
Options outstanding at March 31, 2021	182,777	$	35.19	8.0	$	—
Options vested and exercisable at March 31, 2021	182,777	$	35.19	8.0	$	—

(1) Options acquired in the Merger expire one year from the date of the Effective Date of the Merger.

Information Related to Stock Option Plan

	Three Months Ended
	March 31,
(In thousands)	2021		2020
Cash received for option exercise cost	$	372	$	—
Income tax benefit recognized on stock option exercises		—		—
Intrinsic value of options exercised		66		—

Activity Related to Restricted Stock Awards

		Weighted-
		Average
	Number of	Grant-Date
	Shares	Fair Value
Unvested allocated shares outstanding at January 1, 2021	—	$	—
Shares acquired	89,043		31.00
Shares granted	431,114		25.54
Shares vested	(89,043)		31.00
Shares forfeited	(1,050)		25.98
Unvested allocated shares at March 31, 2021	430,064	$	25.54

Information Related to Restricted Stock Award Plan

	Three Months Ended
	March 31,
(Dollars in thousands)	2021		2020
Compensation expense recognized	$	836	$	461
Income tax benefit recognized on vesting of RSA		—		4
Weighted average remaining years for which compensation expense is to be recognized		3.0		2.4