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Shareholders' Equity and Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity The following table presents a rollforward of share-based awards for the periods indicated:
Year Ended
December 31,
 202420232022
Type of AwardShares
Weighted Average
Grant Date
Fair Value
 Per Share
Shares
Weighted Average
Grant Date
Fair Value
 Per Share
Shares
Weighted Average
Grant Date
Fair Value
 Per Share
Restricted stock:
Awards outstanding, beginning of period104,282 $12.61 133,951 $15.22 197,804 $15.27 
Granted65,668 12.56 74,017 11.27 71,216 15.60 
Vested(76,355)12.37 (103,686)15.03 (135,069)15.49 
Awards outstanding, end of period93,595 $12.78 104,282 $12.61 133,951 $15.22 
Target RSUs: (1)
Awards outstanding, beginning of period394,497 $13.06 86,666 $16.57 55,019 $19.40 
Granted214,755 12.50 341,044 12.55 73,767 15.19 
Vested(146,182)13.57 (33,213)16.96 (42,120)17.85 
Awards outstanding, end of period463,070 $12.64 394,497 $13.06 86,666 $16.57 
Target PSUs: (2)
Awards outstanding, beginning of period276,866 $13.17 201,284 $16.60 110,040 $19.04 
Granted322,132 12.50 160,277 11.97 147,542 14.83 
Vested(116,589)14.83 (84,695)19.04 (56,298)16.73 
Awards outstanding, end of period482,409 $12.32 276,866 $13.17 201,284 $16.60 
(1)The number of RSUs shown represent the target number of awards. Actual number of shares that will potentially settle may range from 0% if the recipient’s service-based vesting condition is not met to 100% if the service-based vesting condition is met.
(2)The number of PSUs shown represent the target number of awards. Actual number of shares that will potentially settle may range from 0% to 200% based on the achievement of the performance goals defined in each grant award.
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
Total share-based compensation expense recognized by the Company for the year ended December 31, 2024 was $7.2 million compared to $4.8 million and $4.4 million for the years ended December 31, 2023 and December 31, 2022, respectively. The increase in share-based compensation for the year ended December 31, 2024 is due to accelerated recognition of expense for certain stock incentive awards granted in March 2024 to retirement eligible employees. The following table discloses the Company’s remaining compensation expense related to stock awards it has granted as of December 31, 2024, which will be amortized over the period disclosed:
December 31, 2024
($s in thousands)
Remaining Compensation CostWAVG Period of Recognition
Restricted stock$564 1.3 years
RSUs3,007 1.8 years
PSUs1,900 1.8 years
Total$5,471 1.8 years