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STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2024
STOCK-BASED COMPENSATION  
Schedule of activity related to stock options

    

    

Weighted-

    

Average 

Weighted-

Remaining 

Aggregate 

Number of 

Average Exercise 

Contractual 

Intrinsic 

(Dollars in thousands except share and per share amounts)

    

Options

    

Price

    

Years

    

Value

Options outstanding at January 1, 2024

26,995

$

35.39

5.2

Options exercised

 

Options forfeited

 

Options outstanding at March 31, 2024

 

26,995

$

35.39

 

5.0

$

Options vested and exercisable at March 31, 2024

 

26,995

$

35.39

 

5.0

$

Schedule of information related to stock option plan

March 31, 

(In thousands)

2024

    

2023

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 

Number

Contractual 

Number

Contractual 

of

Years 

of

Years 

    

Options

    

Remaining

    

Options

    

Remaining

Exercise Prices:

 

  

 

  

 

  

 

  

$34.87

 

10,061

 

5.9

 

10,061

 

5.9

$35.35

 

9,802

 

4.9

 

9,802

 

4.9

$36.19

 

7,132

 

3.9

 

7,132

 

3.9

Total

 

26,995

 

5.0

 

26,995

 

5.0

Schedule of activity related to restricted stock awards

    

Weighted-

Average 

Number of 

Grant-Date 

    

Shares

    

Fair Value

Unvested allocated shares outstanding at January 1, 2024

356,795

$

26.88

Shares granted

 

147,886

 

22.55

Shares vested

(143,260)

26.63

Shares forfeited

 

(400)

 

30.53

Unvested allocated shares outstanding at March 31, 2024

 

361,021

$

25.20

Schedule of information related to restricted stock award plan

Three Months Ended

March 31, 

(In thousands)

2024

    

2023

Compensation expense recognized

$

1,373

$

1,058

Income tax (expense) benefit recognized on vesting of RSAs

 

(240)

 

(13)

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, 2024

229,910

$

20.97

Shares granted

 

 

Shares forfeited

Maximum aggregate share payout at March 31, 2024

 

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

March 31, 

(In thousands)

2024

    

2023

Compensation (benefit) expense recognized

$

357

$

245

Income tax expense recognized on vesting of PSAs

 

 

(15)