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Stock Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of restricted stock units and stock grants

Following is performance and restricted stock activity during the six months ended June 30, 2022:

 

 

Performance Stock Units

 

 

Restricted Stock Units

 

 

Restricted Stock Awards

 

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, 2022

 

 

161,674

 

 

$

28.36

 

 

 

51,773

 

 

$

28.44

 

 

 

58,260

 

 

$

29.71

 

Granted

 

 

86,190

 

 

 

30.67

 

 

 

 

 

 

 

 

 

44,192

 

 

 

29.87

 

Vested

 

 

 

 

 

 

 

 

(13,637

)

 

 

29.00

 

 

 

(34,426

)

 

 

27.96

 

Forfeited

 

 

 

 

 

 

 

 

(3,913

)

 

 

28.30

 

 

 

(786

)

 

 

31.84

 

Unvested at June 30, 2022

 

 

247,864

 

 

$

29.16

 

 

 

34,223

 

 

$

28.24

 

 

 

67,240

 

 

$

30.69

 

Schedule of stock option activity under the plans

Following is stock option activity under the plans during the six months ended June 30, 2022:

 

 

Options
Outstanding

 

 

Weighted
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Contractual
Term (in years)

 

 

Aggregate
Intrinsic
Value
(in 000’s)

 

Options outstanding, January 1, 2022

 

 

35,661

 

 

$

21.72

 

 

 

 

 

 

 

Forfeited or cancelled

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding, June 30, 2022

 

 

35,661

 

 

$

21.72

 

 

 

3.84

 

 

$

141,875

 

Exercisable at June 30, 2022

 

 

35,661

 

 

$

21.72

 

 

 

3.84

 

 

$

141,875

 

Schedule of proceeds, related tax benefits realized from options exercised and intrinsic value of options exercised Proceeds, related tax benefits realized from options exercised and intrinsic value of options exercised were as follows (in thousands):

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Proceeds of options exercised

 

$

 

 

$

 

 

$

 

 

$

8

 

Related tax benefit recognized

 

 

 

 

 

 

 

 

 

 

 

 

Intrinsic value of options exercised

 

 

 

 

 

 

 

 

 

 

 

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