XML 59 R41.htm IDEA: XBRL DOCUMENT v3.22.0.1
Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
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-End122,728 
The following table summarizes information about stock option activity for the year ended December 31, 2021.
SharesWeighted Average Exercise PriceWeighted Average Remaining Contractual Life (in years)Aggregate Intrinsic Value
Outstanding at January 1, 2021272,024 $28.00 
Granted57,165 $28.69 
Exercised(56,336)$26.71 
Forfeited(2,095)$23.83 
Outstanding at December 31, 2021270,758 $28.45 6.45$1,836 
Vested at Period-End138,543 $26.81 4.84$1,167 
Expected to Vest132,215 $30.16 8.13$670 
The following table summarizes information about restricted stock unit activity for the year ended December 31, 2021. The Company started granting restricted stock units in 2018.
Restricted Stock UnitsWeighted Average Grant Date Fair Value
Non-vested at January 1, 202112,012 $30.70 
Granted 4,880 $28.54 
Vested (3,689)$29.82 
Canceled— $— 
Non-vested at December 31, 202113,203 $30.15 
Non-vested at January 1, 20207,952 $29.39 
Granted 4,060 $33.25 
Vested — $— 
Canceled— $— 
Non-vested at December 31, 202012,012 $30.70 
Non-vested at January 1, 20193,689 $29.81 
Granted4,263 $29.02 
Vested— $— 
Canceled— $— 
Non-vested at December 31, 20197,952 $29.39 

The following table presents information on the amounts expensed related to Restricted Stock Units awarded pursuant to the Long Term Incentive Plan for the years ended December 31, 2021, 2020 and 2019.
202120202019
Amount Expensed During the Year$132 $119 $75 
Compensation Costs for Non-vested Awards Not Yet Recognized149 141 126 
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
$19.16 to $19.67
$20.13
$21.21 to $21.65
$28.69
$29.02 to $29.14
 $32.10 to $33.25
Total
Outstanding at December 31, 2021
Number of Stock Options Outstanding11,977 12,919 28,602 56,135 81,422 79,703 270,758 
Weighted-Average Remaining Contractual Life (in years)0.502.083.659.086.646.996.45
Weighted-Average Exercise Price$19.46 $20.13 $21.46 $28.69 $29.07 $32.83 $28.45 
Vested at December 31, 2021
Number of Stock Options Outstanding11,977 12,919 28,602 1,030 43,941 40,074 138,543 
Weighted-Average Remaining Contractual Life (in years)0.502.083.659.086.535.904.84
Weighted-Average Exercise Price$19.46 $20.13 $21.46 $28.69 $29.09 $32.42 $26.80 
Other Stock Based Compensation Disclosure Table The following is the Schedule of Other Information on Stock Options Granted.
202120202019
Stock Options Granted 57,165 53,894 56,822 
Weighted Average Grant Date Information:
Fair Value of Options Granted $4.71 $4.70 $5.26 
Fair Value Assumptions:
Dividend Yield3.41 %2.90 %3.26 %
Expected Volatility26.53 %20.25 %22.58 %
Risk Free Interest Rate0.49 %1.53 %2.63 %
Expected Lives (in years)8.756.688.68
Amount Expensed During the Year$282 $301 $316 
Compensation Costs for Non-vested Awards Not Yet Recognized427 440 487 
Weighted Average Expected Vesting Period, In Years2.162.172.07
Proceeds From Stock Options Exercised$1,505 $748 $1,792 
Tax Benefits Related to Stock Options Exercised69 52 227 
Intrinsic Value of Stock Options Exercised439 282 1,073 
Schedule of Employee Stock Ownership Plan (ESOP) Disclosures
Schedule of ESOP Compensation Expense
202120202019
ESOP Compensation Expense$1,487 $1,619 $1,368