STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2022

STOCK-BASED COMPENSATION

Summary of share activity for all equity classified stock compensation

A summary of share activity for all equity classified stock compensation during the six months ended June 30, 2022, is presented below:

Type of Award	Shares Outstanding at 1/1/2022		Granted Shares		Vested / Exercised Shares		Expired Shares		Forfeited Shares		Shares Outstanding at 6/30/22
Equity Classified - Performance Share Awards - Peer Group Market Condition Vesting		78,118		23,056		(24,425)		—		—		76,749
Equity Classified - Three Year Vest Restricted Shares		51,503		23,446		(24,155)		—		(1,918)		48,876
Equity Classified - Non-Qualified Stock Option Awards		21,541		—		(21,541)		—		—		—
Total Shares		151,162		46,502		(70,121)		—		(1,918)		125,625

Schedule of amounts recognized for stock-based compensation

Amounts recognized in the financial statements for stock-based compensation are as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Total Cost of Share-Based Plans Charged Against Income Before Tax Effect	$	705	$	742	$	1,611	$	1,700

January 28, 2017

STOCK-BASED COMPENSATION

Summary of performance share awards activity

A summary of the activity for these awards during the six months ended June 30, 2022 is presented below: 

Performance Shares With Market Conditions	Shares		Wtd. Avg. Fair Value Per Share
Non-Vested at January 1, 2022		78,118	$	47.01
Granted		23,056	$	62.27
Vested		(24,425)	$	(50.27)
Expired		—		—
Forfeited		—		—
Non-Vested at June 30, 2022		76,749	$	50.56

Three-Year Vesting

STOCK-BASED COMPENSATION

Summary of nonvested restricted stock award activity

A summary of the activity for these awards during the six months ended June 30, 2022 is presented below:

Three Year Vest Non-Vested Restricted Shares	Shares		Wtd. Avg. Fair Value Per Share
Non-Vested at January 1, 2022		51,503	$	44.88
Granted		23,446	$	59.40
Vested		(24,155)	$	44.89
Expired		—		—
Forfeited		(1,918)	$	53.95
Non-Vested at June 30, 2022		48,876	$	51.49

Original 2010 Plan

STOCK-BASED COMPENSATION

Summary of activity for stock option awards

A summary of the activity for these awards during the six months ended June 30, 2022 is presented below:

Non-Qualified Stock Option Awards	Shares	Wtd. Avg. Ex. Price		Wtd. Avg. Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at January 1, 2022	21,541	$	43.37
Granted	—		—
Exercised	(21,541)	$	43.37
Expired	—		—
Forfeited	—		—
Outstanding at June 30, 2022	—	$	—		—	$	—
Exercisable at January 1, 2022	21,541	$	43.37		3.21	$	388,837
Exercisable at June 30, 2022	—	$	—		—	$	—