XML 41 R31.htm IDEA: XBRL DOCUMENT v3.22.2
Stock-Based Incentive Plan (Tables)
 6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Status of Options Granted Under Long-Term Incentive Plan
The following is a summary of the Corporation's stock option activity and related information for the six months ended June 30, 2022:
(Dollars in thousands, except per share data)Shares Under OptionWeighted Average Exercise Price Per ShareWeighted Average Remaining Contractual Life (Years)Aggregate Intrinsic Value at June 30, 2022
Outstanding at December 31, 2021351,252 $25.74 
Expired(1,500)14.80 
Forfeited(3,000)28.33 
Exercised(25,781)22.33 
Outstanding at June 30, 2022320,971 26.05 4.6$507 
Exercisable at June 30, 2022320,971 26.05 4.6507 
Summary of Nonvested Restricted Stock Units
The following is a summary of nonvested restricted stock units at June 30, 2022 including changes during the six months then ended:
(Dollars in thousands, except per share data) Nonvested Stock Units Weighted Average Grant Date Fair Value
Nonvested stock units at December 31, 2021358,134 $23.61 
Granted178,719 28.18 
Cancelled by performance factor(555)23.18 
Vested(123,834)23.53 
Forfeited(8,606)25.03 
Nonvested stock units at June 30, 2022403,858 $25.59 
Certain Information Regarding Restricted Stock
Certain information regarding restricted stock units is summarized below for the periods indicated:
Six Months Ended June 30,
(Dollars in thousands, except per share data)20222021
Restricted stock units granted178,719 154,607 
Weighted average grant date fair value$28.18 $27.82 
Intrinsic value of units granted$5,037 $4,301 
Restricted stock units vested123,834 85,731 
Weighted average grant date fair value$23.53 $22.68 
Intrinsic value of units vested$3,510 $2,354 
Schedule of Unrecognized Compensation Cost, Nonvested Restricted Stock Units
The total unrecognized compensation expense and the weighted average period over which unrecognized compensation expense is expected to be recognized related to nonvested restricted stock units at June 30, 2022 is presented below:
(Dollars in thousands)Unrecognized Compensation CostWeighted-Average Period Remaining (Years)
Restricted stock units$7,444 2.2
Compensation Expense Related to Stock Incentive Plans Recognized
The following table presents information related to the Corporation’s compensation expense related to stock incentive plans recognized for the periods indicated:
Six Months Ended June 30,
(Dollars in thousands)20222021
Stock-based compensation expense:
Stock options$— $62 
Restricted stock units1,949 1,701 
Employee stock purchase plan52 48 
Total$2,001 $1,811 
Tax benefit on nonqualified stock option expense and disqualifying dispositions of incentive stock options$215 $203