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EQUITY AWARDS (Tables)
3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

A summary of stock option activity in the Plan during the three months ended March 31, 2022 and 2021 follows:

 

Three Months Ended March 31, 2022

 

Number of
Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Life in
Years

 

 

Aggregate
Intrinsic
Value

 

Outstanding at beginning of year

 

 

502,780

 

 

$

25.77

 

 

 

5.59

 

 

$

5,936

 

Granted

 

 

39,000

 

 

 

35.89

 

 

 

 

 

 

 

Forfeited

 

 

(5,060

)

 

 

26.92

 

 

 

 

 

 

 

Balance, March 31, 2022

 

 

536,720

 

 

$

26.50

 

 

 

5.65

 

 

$

4,626

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at end of period

 

 

307,086

 

 

$

24.30

 

 

 

4.28

 

 

$

3,285

 

 

Three Months Ended March 31, 2021

 

Number of
Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Life in
Years

 

 

Aggregate
Intrinsic
Value

 

Outstanding at beginning of year

 

 

506,200

 

 

$

26.81

 

 

 

5.82

 

 

$

1,805

 

Effect of 10% stock dividend

 

 

50,770

 

 

 

 

 

 

 

 

 

 

Granted

 

 

24,500

 

 

 

33.37

 

 

 

 

 

 

 

Exercised

 

 

(24,250

)

 

 

21.74

 

 

 

 

 

 

 

Forfeited

 

 

(10,000

)

 

 

28.54

 

 

 

 

 

 

 

Balance, March 31, 2021

 

 

547,220

 

 

$

24.81

 

 

 

5.88

 

 

$

6,532

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at end of period

 

 

296,922

 

 

$

23.49

 

 

 

4.64

 

 

$

3,938

 

Schedule of Nonvested Stock Option Activity

A summary of nonvested stock option activity in the Plan during the three months ended March 31, 2022 and 2021 follows:

 

Three Months Ended March 31, 2022

 

Number of
Shares

 

 

Weighted-Average
Grant
Date Fair Value

 

Outstanding at beginning of year

 

 

207,084

 

 

$

5.23

 

Granted

 

 

39,000

 

 

 

6.03

 

Vested

 

 

(14,030

)

 

 

5.21

 

Forfeited

 

 

(2,420

)

 

 

9.13

 

Balance, March 31, 2022

 

 

229,634

 

 

$

5.38

 

 

Three Months Ended March 31, 2021

 

Number of
Shares

 

 

Weighted-Average
Grant
Date Fair Value

 

Outstanding at beginning of year

 

 

214,680

 

 

$

4.46

 

Effect of 10% stock dividend

 

 

23,218

 

 

 

 

Granted

 

 

24,500

 

 

 

5.67

 

Vested

 

 

(12,100

)

 

 

4.59

 

Balance, March 31, 2021

 

 

250,298

 

 

$

5.11

 

Plan Information Information related to stock options in the Plan is as follows for the three months ended:

 

 

 

March 31, 2022

 

 

March 31, 2021

 

Intrinsic value of options exercised

 

$

 

 

$

364

 

Cash received from options exercised

 

 

 

 

 

527

 

Weighted average fair value of options granted

 

 

6.03

 

 

 

5.67

 

Summary of Restricted Stock Awards and Units Activity

A summary of restricted stock activity in the Plan during the three months ended March 31, 2022 and 2021 follows:

 

Three Months Ended March 31, 2022

 

Number of
Shares

 

 

Weighted-Average
 Grant
Date Fair Value

 

Outstanding at beginning of year

 

 

30,190

 

 

$

27.52

 

Vested

 

 

(4,070

)

 

 

27.50

 

Balance, March 31, 2022

 

 

26,120

 

 

$

27.52

 

 

Three Months Ended March 31, 2021

 

Number of
Shares

 

 

Weighted-Average
Grant
 Date Fair Value

 

Outstanding at beginning of year

 

 

35,300

 

 

$

29.72

 

Effect of 10% stock dividend

 

 

3,530

 

 

 

 

Vested

 

 

(4,840

)

 

 

30.25

 

Balance, March 31, 2021

 

 

33,990

 

 

$

26.95