Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023:

	Shares			Weighted Average Exercise Price
Outstanding at January 1, 2023	279,050			$	29.41
Granted	56,000			32.41
Exercised	(3,772)			21.58
Forfeited	(1,306)			18.60
Outstanding at March 31, 2023	329,972			30.06
Vested at Period-End	198,989			28.59
Expected to Vest	130,983			32.28
Stock Options Granted
Weighted Average Grant Date Information:
Fair Value of Options Granted	$	8.02
Fair Value Assumptions:
Dividend Yield	3.30		%
Expected Volatility	28.38		%
Risk Free Interest Rate	3.57		%
Expected Lives (in years)	8.34

Schedule of Stock Options Roll Forward

The following table summarizes information about stock option activity for the year to date period ended March 31, 2023:

	Shares			Weighted Average Exercise Price
Outstanding at January 1, 2023	279,050			$	29.41
Granted	56,000			32.41
Exercised	(3,772)			21.58
Forfeited	(1,306)			18.60
Outstanding at March 31, 2023	329,972			30.06
Vested at Period-End	198,989			28.59
Expected to Vest	130,983			32.28
Stock Options Granted
Weighted Average Grant Date Information:
Fair Value of Options Granted	$	8.02
Fair Value Assumptions:
Dividend Yield	3.30		%
Expected Volatility	28.38		%
Risk Free Interest Rate	3.57		%
Expected Lives (in years)	8.34

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, 2023 and 2022:

	For the Three Months Ended March 31,
	2023		2022
Amount expensed	$	85	$	75

The following table presents information on the amounts expensed related to restricted stock units for the periods ended March 31, 2023 and 2022:

	For the Three Months Ended March 31,
	2023		2022
Amount expensed	$	37	$	35

Schedule of Nonvested Restricted Stock Units Activity

The following table summarizes information about restricted stock unit activity for the periods ended March 31, 2023 and 2022:

	Restricted Stock Units	Weighted Average Grant Date Fair Value
Non-vested at January 1, 2023	13,520	$	31.38
Granted	5,014	32.41
Vested	(4,182)	32.29
Non-vested at March 31, 2023	14,352	31.48
Non-vested at January 1, 2022	13,599	29.27
Granted	4,312	34.79
Vested	(4,391)	28.17
Non-vested at March 31, 2022	13,520	31.38