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Stock Compensation Plans (Tables)
9 Months Ended
Sep. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of stock option activity under the plans

Following is stock option activity under the plans during the nine months ended September 30, 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

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding, September 30, 2021

 

 

35,661

 

 

$

21.72

 

 

 

4.46

 

 

$

367,655

 

Exercisable at September 30, 2021

 

 

35,661

 

 

$

21.72

 

 

 

4.46

 

 

$

367,655

 

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

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Proceeds of options exercised

 

$

 

 

$

 

 

$

8

 

 

$

 

Related tax benefit recognized

 

 

 

 

 

 

 

 

 

 

 

40

 

Intrinsic value of options exercised

 

 

 

 

 

 

 

 

11

 

 

 

189

 

Schedule of restricted stock units and stock grants Total expense of $1.8 million and $4.2 million was recorded during each of the three and nine months ended September 30, 2021 compared to expense of $974,000 and $3.0 million for the three and nine months ended September 30, 2020.  There was approximately $1.9 million and $3.2 million included within other liabilities at September 30, 2021, and December 31, 2020, respectively, related to the STIP.

 

 

 

Performance Stock Units

 

 

Restricted Stock Units

 

 

Restricted 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

 

 

 

42,374

 

 

 

32.42

 

Vested

 

 

(4,033

)

 

 

28.24

 

 

 

(30,884

)

 

 

26.07

 

 

 

(24,849

)

 

 

28.00

 

Forfeited

 

 

 

 

 

 

 

 

(2,431

)

 

 

25.99

 

 

 

(1,408

)

 

 

28.41

 

Unvested at September 30, 2021

 

 

172,916

 

 

$

28.35

 

 

 

56,832

 

 

$

28.03

 

 

 

57,174

 

 

$

29.68