EQUITY AWARDS (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Valuation Assumptions

The fair value of options granted was determined using the following weighted-average assumptions as of grant date, for the years ended December 31:

	2023			2022			2021
Risk-free interest rate		4.08	%		2.90	%		0.98	%
Expected term (in years)		6.50			6.50			6.50
Expected stock price volatility		23.53	%		21.70	%		23.98	%
Dividend yield		3.23	%		2.47	%		2.35	%

Schedule of Stock Option Activity

A summary of stock option activity in the Plan during the years ended December 31, 2023 and 2022 follows:

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		52,500			28.72
Exercised		(29,790	)		23.46
Forfeited		(54,850	)		30.80
Balance, December 31, 2023		465,680		$	28.12		5.46	$	2,782
Exercisable at end of period		283,110		$	26.03		3.87	$	2,202

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		102,500			35.58
Exercised		(69,580	)		22.49
Forfeited		(37,880	)		28.16
Balance, December 31, 2022		497,820		$	28.07		5.87	$	3,402
Exercisable at end of period		281,340		$	25.25		4.32	$	2,648

Schedule of Nonvested Stock Option Activity

A summary of nonvested stock option activity in the Plan during the years ended December 31, 2023 and 2022 follows:

2023	Number of Shares			Weighted-Average Grant Date Fair Value
Outstanding at beginning of year		216,480		$	5.95
Granted		52,500			6.04
Vested		(65,690	)		5.63
Forfeited		(20,720	)		14.39
Balance, December 31, 2023		182,570		$	6.10

2022	Number of Shares			Weighted-Average Grant Date Fair Value
Outstanding at beginning of year		207,084		$	5.23
Granted		102,500			6.98
Vested		(71,944	)		5.50
Forfeited		(21,160	)		8.86
Balance, December 31, 2022		216,480		$	5.95

Plan Information

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

	2023		2022		2021
Intrinsic value of options exercised	$	303	$	846	$	1,273
Cash received from options exercised		698		1,565		2,019
Weighted average fair value of options granted		6.04		6.98		5.92

Summary of Restricted Stock Awards and Units Activity

A summary of restricted stock activity in the Plan during the years ended December 31, 2023 and 2022 follows:

2023	Number of Shares			Weighted-Average  Grant Date Fair Value
Outstanding at beginning of year		18,930		$	27.51
Granted		5,056			31.96
Vested		(7,520	)		27.52
Forfeited		(1,076	)		28.93
Balance, December 31, 2023		15,390		$	28.87

2022	Number of Shares			Weighted-Average Grant  Date Fair Value
Outstanding at beginning of year		30,190		$	27.52
Vested		(11,260	)		27.52
Balance, December 31, 2022		18,930		$	27.51