Share Based Compensation (Tables)

3 Months Ended

Mar. 31, 2020

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The assumptions used to value SARs granted during 2019 were as follows:

	5-year vesting SARs		7-year vesting SARs
Risk-free interest rate	2.43	%	2.51	%
Expected dividend yield	2.30	%	2.30	%
Expected common stock volatility	35.71	%	40.84	%
Expected life	6.5 years		7.0 years

Schedule of Share-based Compensation, Stock Options, Activity

A summary of our SAR and stock option activity the first three months of 2020 and 2019 is as follows:

	For the Three Months Ended March 31,
	2020
	Options/SARs	Aggregate Intrinsic Value (in thousands)		Remaining Contractual Term (Yrs.)	Weighted-Average Exercise Price
Outstanding, January 1	330,703				$	20.44
Granted	—				—
Exercised	—				—
Forfeited	—				—
Expired	—				—
Outstanding, March 31	330,703	$	1,039	7.08	$	20.44
Exercisable, March 31	146,031	$	732	6.24	$	18.18

	For the Three Months Ended March 31,
	2019
	Options/SARs	Aggregate Intrinsic Value (in thousands)		Remaining Contractual Term (Yrs.)	Weighted-Average Exercise Price
Outstanding, January 1	232,091				$	17.36
Granted	138,125				23.94
Exercised	—				—
Forfeited	—				—
Expired	—				—
Outstanding, March 31	370,216	$	2,478	7.83	$	19.82
Exercisable, March 31	111,058	$	1,129	6.16	$	15.77

Schedule of Share-based Compensation, Restricted Stock Units Award Activity

A summary of our RSU activity and related information is as follows.

Dollars in thousands, except per share amounts	RSUs	Weighted Average Grant Date Fair Value
Nonvested, December 31, 2019	2,892	25.93
Granted	1,846	27.09
Exercised	—	—
Forfeited	—	—
Vested	—	—
Nonvested, March 31, 2020	4,738	26.38