Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2020

Employee Benefit and Share-based Payment Arrangement, Noncash Expense [Abstract]

Employee Stock Ownership Plan (ESOP) Disclosures

The ESOP shares as of December 31 are as follows:

	At December 31,
	2020		2019
Allocated shares	448,358		440,751
Shares committed to be released	22,395		20,855
Unallocated shares	43,704		66,099
Total ESOP shares	514,457		527,705
Market value of unallocated shares (in thousands)	$	965	$	1,791

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

The assumptions used to value SARs granted in 2019 are as follows:

	2019 grant with 7 year expiration		2019 grant with 5 year expiration
Risk-free interest rate	2.51	%	2.43	%
Expected dividend yield	2.30	%	2.30	%
Expected common stock volatility	40.84	%	35.71	%
Expected life	7 years		5.5 years

Schedule of Stock Options, Activity

A summary of SAR and option activity during 2018, 2019 and 2020 is as follows:

				Weighted Average
Dollars in thousands, except per share amounts	SARs/Options	Aggregate Intrinsic Value		Remaining Contractual Term (Yrs.)	Exercise Price
Outstanding, December 31, 2017	250,291				$	17.75
Granted	—				—
Exercised	(6,800)				17.79
Forfeited	(3,200)				25.50
Expired	(8,200)				25.54
Outstanding, December 31, 2018	232,091				$	17.36
Granted	138,125				23.94
Exercised	(31,613)				11.83
Forfeited	—				—
Expired	(7,900)				25.83
Outstanding, December 31, 2019	330,703				$	20.44
Granted	—				—
Exercised	(1,400)				12.01
Forfeited	—				—
Expired	(100)				18.26
Outstanding, December 31, 2020	329,203	$	1,118	6.34	$	20.47
Exercisable Options/SARs:
December 31, 2020	177,875	$	1,118	5.27	$	17.07
December 31, 2019	104,889	1,203		5.74	$	15.62
December 31, 2018	95,924	583		6.04	$	14.82

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, 2018	—	$	—
Granted	2,892	25.93
Forfeited	—	—
Vested	—	—
Nonvested, December 31, 2019	2,892	25.93
Granted	13,758	19.63
Forfeited	—	—
Vested	(964)	25.93
Nonvested, December 31, 2020	15,686	$	20.40