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Stock-Based Incentive Plan (Tables)
 6 Months Ended
Jun. 30, 2024
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, 2024:
(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, 2024
Outstanding at December 31, 2023269,914 $26.14 
Forfeited(11,322)28.31 
Exercised(19,788)18.67 
Outstanding at June 30, 2024238,804 $26.65 2.8$152 
Exercisable at June 30, 2024238,804 $26.65 2.8$152 
Summary of Nonvested Restricted Stock Units
The following is a summary of nonvested restricted stock units at June 30, 2024 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, 2023392,548 $26.54 
Granted273,030 19.70 
Added by performance factor10,125 28.42 
Vested(151,041)27.66 
Forfeited(13,944)25.12 
Nonvested stock units at June 30, 2024510,718 $22.63 
Certain Information Regarding Restricted Stock Units
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)20242023
Restricted stock units granted273,030 213,429 
Weighted average grant date fair value$19.70 $25.04 
Intrinsic value of units granted$5,378 $5,345 
Restricted stock units vested151,041 181,175 
Weighted average grant date fair value$27.66 $22.20 
Intrinsic value of units vested$2,983 $4,506 
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, 2024 is presented below:
(Dollars in thousands)Unrecognized Compensation CostWeighted-Average Period Remaining (Years)
Restricted stock units$8,274 2.1
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)20242023
Stock-based compensation expense:
Restricted stock units$2,231 $2,115 
Employee stock purchase plan49 55 
Total$2,280 $2,170 
Tax benefit on nonqualified stock option expense and disqualifying dispositions of incentive stock options$658 $247