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Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of stock options activity under the plans

Following is options activity under the plans during 2020:

 

 

 

Options

Outstanding

 

 

Weighted

Average

Exercise Price

 

 

Weighted

Average

Remaining

Contractual

Term (in years)

 

 

Aggregate

Intrinsic

Value

(in 000’s)

 

Options outstanding, January 1, 2020

 

 

17,700

 

 

$

17.60

 

 

 

 

 

 

 

 

 

Forfeited or cancelled

 

 

(1,500

)

 

 

17.92

 

 

 

 

 

 

 

 

 

Exercised

 

 

(19,922

)

 

 

7.10

 

 

 

 

 

 

 

 

 

Exchanged

 

 

39,983

 

 

 

16.00

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding, December 31, 2020

 

 

36,261

 

 

$

21.59

 

 

 

5.78

 

 

$

107

 

Exercisable at December 31, 2020

 

 

34,661

 

 

$

21.72

 

 

 

5.81

 

 

$

100

 

Schedule of information related to stock options plans

Information related to the stock option plans is as follows:

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

 

 

(In Thousands, except per share amounts)

 

Intrinsic value of options exercised

 

$

189

 

 

$

390

 

 

$

893

 

Cash received from option exercises

 

 

 

 

 

189

 

 

 

111

 

Tax benefit realized from option exercises

 

 

40

 

 

 

4

 

 

 

28

 

Weighted average fair value of options granted

 

$

 

 

$

 

 

$

 

Schedule of restricted stock units and stock grants Total expense of $2.3 million, $2.1 million and $2.0 million was recorded during the years ended December 31, 2020, 2019 and 2018, respectively, and approximately $3.2 million and $1.2 million is included within other liabilities at December 31, 2020 and 2019, 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, 2020

 

 

 

 

$

 

 

 

158,470

 

 

$

25.72

 

 

 

48,545

 

 

$

27.49

 

Granted

 

 

100,714

 

 

 

26.48

 

 

 

13,548

 

 

 

21.69

 

 

 

13,349

 

 

 

25.75

 

Vested

 

 

 

 

 

 

 

 

(88,005

)

 

 

25.48

 

 

 

(19,502

)

 

 

27.32

 

Forfeited

 

 

(9,823

)

 

 

26.48

 

 

 

(28,254

)

 

 

25.61

 

 

 

(1,335

)

 

 

29.97

 

Unvested at December 31, 2020

 

 

90,891

 

 

$

26.48

 

 

 

55,759

 

 

$

25.18

 

 

 

41,057

 

 

$

26.93