Share Based Compensation (Tables)

9 Months Ended

Sep. 30, 2022

Share-based Payment Arrangement [Abstract]

Schedule of Share-based Compensation, Restricted Stock, Activity


	Nine months ended September 30,
	2022			2021
	Shares		Weighted Average Grant-Date Fair Value	Shares		Weighted Average Grant-Date Fair Value
Unvested shares, January 1,	165,131	$	21.72	148,885	$	18.00
Granted	—		—	18,180		25.30
Vested	(37,748)		19.20	(39,449)		18.00
Forfeited	(1,212)		27.16	(17,777)		18.00
Unvested shares, September 30,	126,171	$	22.45	109,839	$	19.21

Schedule of Share-based Compensation, Stock Options, Activity

The Company’s stock option activity during the nine months ended September 30, 2022 and 2021 are summarized below (dollars in thousands, except per share data, unaudited):


	Nine months ended September 30,
	2022						2021
	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value⁽¹⁾		Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value⁽¹⁾
Outstanding at January 1,	415,870	$	24.15		$	1,338	495,489	$	23.67		$	1,340
Granted	—	$	—		$	—	—	$	—		$	—
Exercised	(5,600)	$	11.22		$	56	(7,480)	$	12.59		$	91
Forfeited/Expired	(32,381)	$	27.32		$	—	(39,719)	$	26.93		$	1
Outstanding at September 30,	377,889	$	24.07	5.13	$	470	448,290	$	23.57	5.92	$	1,302
Exercisable at September 30,	336,489	$	23.69	4.88	$	470	384,690	$	22.97	5.58	$	1,302

(1)

The aggregate intrinsic value of stock option in the table above represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price of the option) that would have been received by the option holders had all option holders exercised their options on September 30, 2022. This amount changes based on changes in the market value of the Company's stock.