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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2023
STOCK-BASED COMPENSATION  
Schedule of 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 September 30, 2023

 

92,137

$

35.39

 

5.5

$

Options vested and exercisable at September 30, 2023

 

92,137

$

35.39

 

5.5

$

Schedule of information related to stock option plan

Three Months Ended

Nine Months Ended

September 30, 

September 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

 

6.4

 

35,671

 

6.4

$35.35

 

32,079

 

5.4

 

32,079

 

5.4

$36.19

 

24,387

 

4.4

 

24,387

 

4.4

Total

 

92,137

 

5.5

 

92,137

 

5.5

Schedule of 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

 

220,750

 

25.47

Shares vested

(133,732)

29.34

Shares forfeited

 

(75,624)

 

26.43

Unvested allocated shares outstanding at September 30, 2023

 

362,152

$

26.89

Schedule of information related to restricted stock award plan

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

(Dollars in thousands)

    

2023

    

2022

2023

    

2022

Compensation expense recognized

$

604

$

1,035

$

2,924

$

2,823

Income tax (expense) benefit recognized on vesting of RSAs

 

(72)

 

(10)

 

(184)

 

178

Schedule of 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

 

195,066

 

17.69

Shares forfeited

(60,987)

25.21

Maximum aggregate share payout at September 30, 2023

 

229,910

$

20.97

Minimum aggregate share payout

 

Expected aggregate share payout

 

210,820

$

20.21

Schedule of information related to performance based share award plan

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

(In thousands)

    

2023

    

2022

2023

    

2022

Compensation (benefit) expense recognized

$

(66)

$

193

$

274

$

570

Income tax expense recognized on vesting of PSAs