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Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of stock options activity under the plans

Following is options activity under the plans during 2021:

 

 

 

Options
Outstanding

 

 

Weighted
Average
Exercise Price

 

 

Weighted
Average
Remaining
Contractual
Term (in years)

 

 

Aggregate
Intrinsic
Value
(in 000’s)

 

Options outstanding, January 1, 2021

 

 

36,261

 

 

$

21.59

 

 

 

 

 

 

 

Forfeited or cancelled

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(600

)

 

 

13.80

 

 

 

 

 

 

 

Exchanged

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding, December 31, 2021

 

 

35,661

 

 

$

21.72

 

 

 

4.33

 

 

$

328,271

 

Exercisable at December 31, 2021

 

 

35,661

 

 

$

21.72

 

 

 

4.33

 

 

$

328,271

 

Schedule of information related to stock options plans

Information related to the stock option plans is as follows:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

(In Thousands, except per share amounts)

 

Intrinsic value of options exercised

 

$

11

 

 

$

189

 

 

$

390

 

Cash received from option exercises

 

 

8

 

 

 

 

 

 

189

 

Tax benefit realized from option exercises

 

 

2

 

 

 

40

 

 

 

4

 

Weighted average fair value of options granted

 

$

 

 

$

 

 

$

 

Schedule of restricted stock units and stock grants Total expense of $2.5 million, $2.3 million and $2.1 million was recorded during the years ended December 31, 2021, 2020 and 2019, respectively, and approximately $2.7 million and $3.2 million is included within other liabilities at December 31, 2021 and 2020, respectively, related to the cash portion of the STIPs.

 

 

 

Performance Stock Units

 

 

Restricted Stock Units

 

 

Stock Grants

 

Unvested Shares

 

Shares

 

 

Weighted-
Average
Grant Date
Fair Value

 

 

Shares

 

 

Weighted-
Average
Grant Date
Fair Value

 

 

Shares

 

 

Weighted-
Average
Grant Date
Fair Value

 

Unvested at January 1, 2021

 

 

90,891

 

 

$

26.48

 

 

 

55,759

 

 

$

25.18

 

 

 

41,057

 

 

$

26.93

 

Granted

 

 

86,058

 

 

 

30.32

 

 

 

34,388

 

 

 

30.77

 

 

 

43,460

 

 

 

31.32

 

Vested

 

 

(9,633

)

 

 

28.24

 

 

 

(32,521

)

 

 

26.08

 

 

 

(24,849

)

 

 

28.00

 

Forfeited

 

 

(5,642

)

 

 

28.24

 

 

 

(5,853

)

 

 

24.03

 

 

 

(1,408

)

 

 

28.41

 

Unvested at December 31, 2021

 

 

161,674

 

 

$

28.36

 

 

 

51,773

 

 

$

28.44

 

 

 

58,260

 

 

$

29.71