Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2021

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,
	2021		2020
Allocated shares	504,154		448,358
Shares committed to be released	23,002		22,395
Unallocated shares	20,702		43,704
Total ESOP shares	547,858		514,457
Market value of unallocated shares (in thousands)	$	568	$	965

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

The assumptions used to value SARs granted in 2021 and 2019 are as follows:

	2021 Grants				2019 Grants
	7 year expiration		5 year expiration		7 year expiration		5 year expiration
Risk-free interest rate	1.06	%	0.74	%	2.51	%	2.43	%
Expected dividend yield	3.00	%	3.00	%	2.30	%	2.30	%
Expected common stock volatility	55.59	%	55.59	%	40.84	%	35.71	%
Expected life	7 years		5.5 years		7 years		5.5 years

Schedule of Stock Options, Activity

A summary of SAR and option activity during 2019, 2020 and 2021 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, 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				$	20.47
Granted	177,489				21.85
Exercised	(14,900)				8.92
Forfeited	—				—
Expired	—				—
Outstanding, December 31, 2021	491,792	$	3,014	6.94	$	21.32
Exercisable Options/SARs:
December 31, 2021	204,116	$	1,683	4.81	$	19.20
December 31, 2020	177,875	1,118		5.27	$	17.07
December 31, 2019	104,889	1,203		5.74	$	15.62

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	13,758	19.63
Forfeited	—	—
Vested	(964)	25.93
Nonvested, December 31, 2020	15,686	20.40
Granted	1,500	27.63
Forfeited	—	—
Vested	(4,171)	20.38
Nonvested, December 31, 2021	13,015	$	21.24