Stock Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Summary of stock option activity for the period

There were no options granted in 2021 and 2020. Options granted in 2019 were as follows:

Year	Options		Exercise Price
2019		235,474	$	18.54

Options exercised in 2021, 2020 and 2019 were as follows:

Year	Options		Exercise Price
2021		192,504	$11.62 to $21.30
2020		97,779	$10.10 to $18.69
2019		221,695	$11.62 to $14.30

Options outstanding and exercisable at December 31, 2021, 2020 and 2019 were as follows:

Year	Outstanding		Range of Exercise Prices	Exercisable		Weighted Average Exercise Price
2021		308,572	$11.62 to $21.30		297,295	$	18.64
2020		531,170	$11.62 to $21.30		460,341	$	17.94
2019		710,893	$10.10 to $21.30		486,382	$	17.31

The following table provides a summary of stock option activity for the period ended December 31, 2021:

	Shares			Average Exercise Price		Weighted Average Life (in Years)
Outstanding at December 31, 2020		531,170		$	18.09
Options granted		—			—
Options exercised		(192,504	)		16.91
Canceled or forfeited		(30,094	)		19.94
Expired		—			—
Outstanding at December 31, 2021		308,572			18.64		3.74
Exercisable at December 31, 2021		297,295		$	18.64		3.61

Fair Value of stock options granted assumptions used

The Company used the binomial lattice option pricing model based on the assumptions set forth in the following table.

	2019
Risk free interest rate		2.70	%
Expected dividend yield		2.76	%
Expected life of award (years)		6.17
Expected volatility		44.89	%
Fair value per option	$	5.78

Summary of combined restricted stock units, including performance-based restricted stock units and restricted stock activity for the period

The following table provides a summary of restricted stock units, including performance-based restricted stock units, and restricted stock activity for the year ended December 31, 2021:

	Shares			Average Grant-Date Fair Value
Unvested shares at December 31, 2020		519,425
Granted		302,881		$	19.63
Vested		(155,406	)	$	14.72
Forfeited		(166,048	)	$	15.41
Unvested shares at December 31, 2021		500,852