XML 54 R40.htm IDEA: XBRL DOCUMENT v3.20.4
Stock Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
Long Term Incentive Plan

The Long Term Incentive Plan provides for the grant of incentive stock options, non-qualified stock options, restricted stock, restricted stock units, performance units and performance shares. The Compensation Committee of the Board of Directors administers the Long Term Incentive Plan.
Shares Available for Grant at Period-End178,391 
The following table summarizes information about stock option activity for the year ended December 31, 2020.
SharesWeighted Average Exercise PriceWeighted Average Remaining Contractual Life (in years)Aggregate Intrinsic Value
Outstanding at January 1, 2020248,495 $26.78 
Granted52,324 $34.25 
Exercised(33,895)$22.07 
Forfeited(2,834)$28.79 
Outstanding at December 31, 2020264,090 $28.84 6.48$285 
Vested at Period-End140,686 $26.06 5.01$542 
Expected to Vest123,404 $32.01 8.17$— 
The following table summarizes information about restricted stock unit activity for the year ended December 31, 2020. The Company started granting restricted stock units in 2018.
Restricted Stock UnitsWeighted Average Grant Date Fair Value
Non-vested at January 1, 20207,721 $30.27 
Granted 3,942 $34.25 
Vested — $— 
Canceled— $— 
Non-vested at December 31, 202011,663 $31.62 
Non-vested at January 1, 20193,582 $30.70 
Granted 4,139 $29.89 
Vested — $— 
Canceled— $— 
Non-vested at December 31, 20197,721 $30.27 
Non-vested at January 1, 2018— $— 
Granted3,582 $30.70 
Vested— $— 
Canceled— $— 
Non-vested at December 31, 20183,582 30.70

The following table presents information on the amounts expensed related to Restricted Stock Units awarded pursuant to the Long Term Incentive Plan for the year ended December 31, 2020.
202020192018
Amount Expensed During the Year$119 $75 $34 
Compensation Costs for Non-vested Awards Not Yet Recognized141 126 76 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
The following is the Schedule of Stock Options Granted Under the Long Term Incentive Plan by Exercise Price Range.
Exercise Price Ranges
$19.70 to $19.73
$20.26 to $20.73
$21.85 to $22.30
$29.89 to $30.01
$33.06
$34.25
Total
Outstanding at December 31, 2020
Number of Stock Options Outstanding8,477 28,623 36,885 97,537 40,244 52,324 264,090 
Weighted-Average Remaining Contractual Life (in years)1.242.294.737.616.079.086.48
Weighted-Average Exercise Price$19.72 $20.54 $22.15 $29.95 $33.06 $34.25 $28.83 
Vested at December 31, 2020
Number of Stock Options Outstanding8,477 28,623 36,885 36,032 30,669 — 140,686 
Weighted-Average Remaining Contractual Life (in years)1.242.294.737.446.0705.01
Weighted-Average Exercise Price$19.72 $20.54 $22.15 $29.97 $33.06 $— $26.06 
Other Stock Based Compensation Disclosure Table The following is the Schedule of Other Information on Stock Options Granted.
202020192018
Stock Options Granted 52,324 55,167 56,722 
Weighted Average Grant Date Information:
Fair Value of Options Granted $4.84 $5.42 $5.27 
Fair Value Assumptions:
Dividend Yield2.90 %3.26 %2.98 %
Expected Volatility20.25 %22.58 %21.55 %
Risk Free Interest Rate1.53 %2.63 %2.68 %
Expected Lives (in years)6.688.686.98
Amount Expensed During the Year$301 $316 $322 
Compensation Costs for Non-vested Awards Not Yet Recognized440 487 504 
Weighted Average Expected Vesting Period, In Years2.172.072.74
Proceeds From Stock Options Exercised$748 $1,792 $2,255 
Tax Benefits Related to Stock Options Exercised52 227 240 
Intrinsic Value of Stock Options Exercised282 1,073 1,552 
Schedule of Employee Stock Ownership Plan (ESOP) Disclosures
Schedule of ESOP Compensation Expense
202020192018
ESOP Compensation Expense$1,619 $1,368 $1,400