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EQUITY AWARDS (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

A summary of stock option activity in the Plan during the six months ended June 30, 2022 and 2021 follows:

Six Months Ended June 30, 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

 

 

60,000

 

 

 

35.84

 

 

 

 

 

 

 

Exercised

 

 

(20,950

)

 

 

22.60

 

 

 

 

 

 

 

Forfeited

 

 

(20,900

)

 

 

25.95

 

 

 

 

 

 

 

Balance, June 30, 2022

 

 

520,930

 

 

$

27.05

 

 

 

5.62

 

 

$

4,815

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at end of period

 

 

289,920

 

 

$

24.52

 

 

 

4.07

 

 

$

3,401

 

 

Six Months Ended June 30, 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

 

 

(28,590

)

 

 

22.28

 

 

 

 

 

 

 

Forfeited

 

 

(19,020

)

 

 

26.01

 

 

 

 

 

 

 

Balance, June 30, 2021

 

 

533,860

 

 

$

24.84

 

 

 

5.58

 

 

$

4,930

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at end of period

 

 

312,206

 

 

$

23.58

 

 

 

4.49

 

 

$

3,274

 

Schedule of Nonvested Stock Option Activity

A summary of nonvested stock option activity in the Plan during the six months ended June 30, 2022 and 2021 follows:

Six Months Ended June 30, 2022

 

Number of
Shares

 

 

Weighted-Average
Grant
Date Fair Value

 

Outstanding at beginning of year

 

 

207,084

 

 

$

5.23

 

Granted

 

 

60,000

 

 

 

6.40

 

Vested

 

 

(29,694

)

 

 

(6.24

)

Forfeited

 

 

(6,380

)

 

 

(14.82

)

Balance, June 30, 2022

 

 

231,010

 

 

$

5.38

 

 

Six Months Ended June 30, 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

 

 

(31,724

)

 

 

(6.13

)

Forfeited

 

 

(9,020

)

 

 

(8.06

)

Balance, June 30, 2021

 

 

221,654

 

 

$

5.01

 

Plan Information

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

 

 

June 30, 2022

 

 

June 30, 2021

 

Intrinsic value of options exercised

 

$

286

 

 

$

337

 

Cash received from options exercised

 

 

474

 

 

 

636

 

Weighted average fair value of options granted

 

 

6.40

 

 

 

5.67

 

 

Summary of Restricted Stock Awards and Units Activity

A summary of restricted stock activity in the Plan during the six months ended June 30, 2022 and 2021 follows:

Six Months Ended June 30, 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, June 30, 2022

 

 

26,120

 

 

$

27.52

 

 

Six Months Ended June 30, 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, June 30, 2021

 

 

33,990

 

 

$

26.95