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EQUITY AWARDS (Tables)
6 Months Ended
Jun. 30, 2023
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, 2023 and 2022 follows:

Six Months Ended June 30, 2023

 

Number of
Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Life in
Years

 

 

Aggregate
Intrinsic
Value

 

Outstanding at beginning of year

 

 

497,820

 

 

$

28.07

 

 

 

5.87

 

 

$

3,402

 

Granted

 

 

28,500

 

 

 

27.74

 

 

 

 

 

 

 

Exercised

 

 

(8,800

)

 

 

25.57

 

 

 

 

 

 

 

Forfeited

 

 

(27,690

)

 

 

30.65

 

 

 

 

 

 

 

Balance, June 30, 2023

 

 

489,830

 

 

$

27.95

 

 

 

5.59

 

 

$

884

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at end of period

 

 

283,270

 

 

$

25.65

 

 

 

4.04

 

 

$

713

 

 

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

 

Schedule of Nonvested Stock Option Activity

A summary of nonvested stock option activity in the Plan during the six months ended June 30, 2023 and 2022 follows:

Six Months Ended June 30, 2023

 

Number of
Shares

 

 

Weighted-Average
Grant
Date Fair Value

 

Outstanding at beginning of year

 

 

216,480

 

 

$

5.95

 

Granted

 

 

28,500

 

 

 

5.45

 

Vested

 

 

(27,460

)

 

 

5.80

 

Forfeited

 

 

(10,960

)

 

 

13.53

 

Balance, June 30, 2023

 

 

206,560

 

 

$

5.89

 

 

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

 

Plan Information

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

 

 

June 30, 2023

 

 

June 30, 2022

 

Intrinsic value of options exercised

 

$

17

 

 

$

286

 

Cash received from options exercised

 

 

225

 

 

 

474

 

Weighted average fair value of options granted

 

 

5.45

 

 

 

6.40

 

Summary of Restricted Stock Awards and Units Activity

A summary of restricted stock activity in the Plan during the six months ended June 30, 2023 and 2022 follows:

Six Months Ended June 30, 2023

 

Number of
Shares

 

 

Weighted-Average
 Grant
Date Fair Value

 

Outstanding at beginning of year

 

 

18,930

 

 

$

27.51

 

Granted

 

 

2,056

 

 

 

34.10

 

Vested

 

 

(2,970

)

 

 

27.50

 

Forfeited

 

 

(1,051

)

 

 

28.81

 

Balance, June 30, 2023

 

 

16,965

 

 

$

28.23

 

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