Share-Based Compensation Arrangements (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Compensation Cost for Share-based Compensation Arrangements

The following table presents share-based compensation expense and the related income tax benefits recognized in the Consolidated Statements of Income (Loss) for stock options, restricted stock units and performance share units:

(Dollars in thousands)
Years ended December 31,	2025	2024	2023
Share-based compensation expense	$3,026	$2,473	$2,064
Related income tax benefits (1)	$547	$441	$492

(1)Includes $210 thousand, $183 thousand, and $34 thousand, respectively, of excess tax expense recognized upon the settlement of share-based compensation awards in 2025, 2024, and 2023.

Stock Options Fair Value Assumptions

The following presents the assumptions used in determining the grant date fair value of the stock option awards granted to certain key employees:

	2025		2024		2023
Options granted	63,950		64,050		49,000
Cliff vesting period (years)	3		3		3
Expected term (years)	7		7		6.5
Expected dividend yield	5.61	%	4.99	%	4.38	%
Weighted average expected volatility	36.40	%	35.63	%	33.15	%
Weighted average risk-free interest rate	3.91	%	4.50	%	4.85	%
Weighted average grant-date fair value	$6.92		$7.89		$6.71

Stock Options Activity

The following table presents a summary of stock options outstanding as of and for the year ended December 31, 2025:

	Number of Stock Options	Weighted Average Exercise Price	Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (000’s)
Options outstanding at beginning of period	432,220	$42.84
Granted	63,950	30.79
Exercised	—	—
Forfeited or expired	(17,300)	39.17
Options outstanding at end of period	478,870	$41.36	5.78	$118
Options exercisable at end of period	305,870	$47.79	3.94	$—

Schedule of Stock Options Outstanding and Options Exercisable

The following table presents additional information concerning options outstanding and options exercisable at December 31, 2025:

	Options Outstanding			Options Exercisable
Exercise Price Ranges	Number of Shares	Weighted Average Remaining Life (Years)	Weighted Average Exercise Price	Number of Shares	Weighted Average Exercise Price
$20.01 to $30.00	46,050	7.80	$26.42	—	$—
$30.01 to $40.00	186,139	7.83	31.60	59,189	32.23
$40.01 to $50.00	121,544	4.31	47.33	121,544	47.33
$50.01 to $60.00	125,137	3.41	55.60	125,137	55.60
Total	478,870	5.78	$41.36	305,870	$47.79

Restricted Stock Units Activity

The following table presents a summary of restricted stock units as of and for the year ended December 31, 2025:

	Number of Shares	Weighted Average Grant Date Fair Value
Beginning of period	108,590	$30.98
Granted	80,462	30.90
Vested	(17,552)	46.79
Forfeited	—	—
End of period	171,500	$29.33

Performance Share Units Outstanding

The following table presents a summary of outstanding performance share units as of December 31, 2025:

		Grant Date Fair Value per Share	Weighted Average Current Performance Assumption	Expected Number of Shares
Performance share units awarded in:	2025	$31.33	100%	32,240
	2024	24.70	100%	39,053
	2023	47.35	84%	28,006
Total				99,299

Performance Share Units Activity

The following table presents a summary of performance share units as of and for the year ended December 31, 2025:

	Number of Shares	Weighted Average Grant Date Fair Value
Beginning of period	96,093	$40.53
Granted	32,240	31.33
Vested	(24,761)	57.27
Forfeited (1)	(4,273)	43.56
End of period	99,299	$33.24

(1)The number of forfeited shares also includes adjustments made to performance measure estimates on outstanding awards that have not yet vested.