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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2023
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, 2023

92,137

$

35.39

6.2

Options exercised

 

Options forfeited

 

Options outstanding at June 30, 2023

 

92,137

$

35.39

 

5.7

$

Options vested and exercisable at June 30, 2023

 

92,137

$

35.39

 

5.7

$

Information Related to Stock Option Plan

Three Months Ended

Six Months Ended

June 30, 

June 30, 

(In thousands)

    

2023

    

2022

2023

    

2022

Cash received for option exercise cost

$

$

$

$

Income tax (expense) benefit recognized on stock option exercises

 

 

 

 

Intrinsic value of options exercised

 

 

 

 

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

 

6.6

 

35,671

 

6.6

$35.35

 

32,079

 

5.6

 

32,079

 

5.6

$36.19

 

24,387

 

4.6

 

24,387

 

4.6

Total

 

92,137

 

5.7

 

92,137

 

5.7

Activity Related to Restricted Stock Awards

    

Weighted-

Average 

Number of 

Grant-Date 

    

Shares

    

Fair Value

Unvested allocated shares outstanding at January 1, 2023

350,758

$

28.63

Shares granted

 

201,590

 

26.16

Shares vested

(120,353)

28.91

Shares forfeited

 

(2,127)

 

27.31

Unvested allocated shares outstanding at June 30, 2023

 

429,868

$

27.40

Information Related to Restricted Stock Award Plan

Three Months Ended

Six Months Ended

June 30, 

June 30, 

(Dollars in thousands)

    

2023

    

2022

2023

    

2022

Compensation expense recognized

$

1,262

$

764

$

2,320

$

1,788

Income tax (expense) benefit recognized on vesting of RSAs

 

(99)

 

34

 

(112)

 

188

Activity Related to Performance Based Equity Awards

    

Weighted-

Average 

Number of 

Grant-Date 

    

Shares

    

Fair Value

Maximum aggregate share payout at January 1, 2023

95,831

$

30.35

Shares granted

 

92,566

 

16.97

Shares forfeited

(13,632)

33.67

Maximum aggregate share payout at June 30, 2023

 

174,765

$

23.00

Minimum aggregate share payout

 

Expected aggregate share payout

 

148,663

$

21.98

Information Related to Performance Based Share Award Plan

Three Months Ended

Six Months Ended

June 30, 

June 30, 

(In thousands)

    

2023

    

2022

2023

    

2022

Compensation expense recognized

$

95

$

182

$

340

$

377

Income tax expense recognized on vesting of PSAs

 

 

 

(15)