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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following table summarizes information about stock option activity for the year to date period ended March 31, 2021.
SharesWeighted Average Exercise Price
Outstanding at January 1, 2021
264,090 $28.84 
Granted55,500 29.55 
Exercised(6,927)22.52 
Forfeited(1,034)19.70 
Outstanding at March 31, 2021
311,629 29.14 
Vested at Period-End179,681 27.73 
Expected to Vest131,948 31.05 
Stock Options Granted
Weighted Average Grant Date Information:
Fair Value of Options Granted$4.85 
Fair Value Assumptions:
Dividend Yield3.41 %
Expected Volatility26.53 %
Risk Free Interest Rate0.49 %
Expected Lives (in years)8.75
Schedule of Stock Options Roll Forward
The following table summarizes information about stock option activity for the year to date period ended March 31, 2021.
SharesWeighted Average Exercise Price
Outstanding at January 1, 2021
264,090 $28.84 
Granted55,500 29.55 
Exercised(6,927)22.52 
Forfeited(1,034)19.70 
Outstanding at March 31, 2021
311,629 29.14 
Vested at Period-End179,681 27.73 
Expected to Vest131,948 31.05 
Stock Options Granted
Weighted Average Grant Date Information:
Fair Value of Options Granted$4.85 
Fair Value Assumptions:
Dividend Yield3.41 %
Expected Volatility26.53 %
Risk Free Interest Rate0.49 %
Expected Lives (in years)8.75
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
The following table presents information on the amounts expensed related to stock options for the three month periods ended March 31, 2021 and 2020:
For the Three Months Ended March 31,
20212020
Amount expensed$72 $76 
The following table presents information on the amounts expensed related to restricted stock units for the periods ended March 31, 2021 and 2020:
For the Three Months Ended March 31,
20212020
Amount expensed$32 $27 
Schedule of Nonvested Restricted Stock Units Activity
The following table summarizes information about restricted stock unit activity for the periods ended March 31, 2021 and 2020.
Restricted Stock UnitsWeighted Average Grant Date Fair Value
Non-vested at January 1, 202111,663 $31.62 
Granted4,738 29.40 
Vested(3,582)30.71 
Non-vested at March 31, 202112,819 31.05 
Non-vested at January 1, 20207,721 30.27 
Granted3,942 34.25 
Non-vested at March 31, 202011,663 31.62