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STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2022
STOCK-BASED COMPENSATION  
Activity Related to Stock Options

    

    

Weighted-

    

Average 

Aggregate 

Weighted-

Remaining 

Intrinsic 

Number of 

Average Exercise 

Contractual 

Value

    

Options

    

Price

    

Years

    

(In thousands)

Options outstanding at January 1, 2022

121,253

$

35.39

Options exercised

 

Options forfeited

 

Options outstanding at March 31, 2022

 

121,253

$

35.39

 

7.0

$

Options vested and exercisable at March 31, 2022

 

121,253

$

35.39

 

7.0

$

Information Related to Stock Option Plan

Three Months Ended

March 31, 

(In thousands)

    

2022

    

2021

Cash received for option exercise cost

$

$

372

Income tax (expense) benefit recognized on stock option exercises

 

 

Intrinsic value of options exercised

 

 

66

Schedule of exercise prices and weighted-average remaining contractual lives of both outstanding and vested options

Outstanding Options

Vested Options

Weighted 

Weighted 

Average 

Average 

Contractual 

Contractual 

Years 

Years 

    

Amount

    

Remaining

    

Amount

    

Remaining

Exercise Prices:

 

  

 

  

 

  

 

  

$34.87

 

46,799

 

7.9

 

46,799

 

7.9

$35.35

 

42,475

 

6.9

 

42,475

 

6.9

$36.19

 

31,979

 

5.9

 

31,979

 

5.9

Total

 

121,253

 

7.0

 

121,253

 

7.0

Activity Related to Restricted Stock Awards

    

Weighted-

Average 

Number of 

Grant-Date 

    

Shares

    

Fair Value

Unvested allocated shares outstanding at January 1, 2022

446,923

$

26.45

Shares granted

 

64,359

 

34.48

Shares vested

(138,529)

25.50

Shares forfeited

 

(2,722)

 

29.23

Unvested allocated shares outstanding at March 31, 2022

 

370,031

$

28.18

Information Related to Restricted Stock Award Plan

Three Months Ended

March 31, 

(Dollars in thousands)

    

2022

    

2021

Compensation expense recognized

$

1,024

$

836

Income tax benefit recognized on vesting of RSAs

 

329

 

Activity Related to Performance Based Equity Awards

    

Weighted-

Average 

Number of 

Grant-Date 

    

Shares

    

Fair Value

Maximum aggregate share payout at January 1, 2022

38,948

$

31.40

Shares granted

 

60,755

 

29.63

Maximum aggregate share payout at March 31, 2022

 

99,703

$

30.32

Minimum aggregate share payout

 

Expected aggregate share payout

 

80,682

$

29.42

Information Related to Performance Based Share Award Plan

Three Months Ended

March 31, 

(In thousands)

    

2022

    

2021

Compensation expense recognized

$

195

$

Income tax benefit recognized on vesting of PSAs