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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 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

(29,116)

 

35.39

Options outstanding at September 30, 2022

 

92,137

$

35.39

 

6.5

$

Options vested and exercisable at September 30, 2022

 

92,137

$

35.39

 

6.5

$

Information Related to Stock Option Plan

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

(In thousands)

    

2022

    

2021

2022

    

2021

Cash received for option exercise cost

$

$

$

$

396

Income tax (expense) benefit recognized on stock option exercises

 

 

 

 

Intrinsic value of options exercised

 

 

 

 

77

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

 

35,671

 

7.4

 

35,671

 

7.4

$35.35

 

32,079

 

6.4

 

32,079

 

6.4

$36.19

 

24,387

 

5.4

 

24,387

 

5.4

Total

 

92,137

 

6.5

 

92,137

 

6.5

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

 

110,363

 

33.84

Shares vested

(173,447)

26.67

Shares forfeited

 

(30,456)

 

27.52

Unvested allocated shares outstanding at September 30, 2022

 

353,383

$

28.55

Information Related to Restricted Stock Award Plan

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

(Dollars in thousands)

    

2022

    

2021

2022

    

2021

Compensation expense recognized

$

1,035

$

1,454

$

2,823

$

3,804

Income tax (expense) benefit recognized on vesting of RSAs

 

(10)

 

 

178

 

86

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

Shares forfeited

(3,872)

29.63

Maximum aggregate share payout at September 30, 2022

 

95,831

$

30.35

Minimum aggregate share payout

 

Expected aggregate share payout

 

77,449

$

29.45

Information Related to Performance Based Share Award Plan

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

(In thousands)

    

2022

    

2021

2022

    

2021

Compensation expense recognized

$

193

$

81

$

570

$

81