Stock-Based Compensation Plans (Tables)

3 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

Stock Compensation Expense

The Company recorded the following Stock Compensation Expense in its consolidated statements of income (in thousands):

	Three Months ended				Nine Months ended
	September 30,				September 30,
	2022		2021		2022		2021
Stock option grants	$	18		17		52		52
Restricted stock awards		258		135		550		404
Employee stock grant		—		—		50		50
Annual director stock award		—		—		650		500
	$	276		152		1,302		1,006

Outstanding Options

A summary of changes in Outstanding Options is presented below (in thousands, except share and per share amounts):

				Weighted		Weighted	Weighted
	Number			Average		Average	Average
	Of			Exercise		Remaining	Grant Date
Options	Shares			Price		Term (yrs)	Fair Value(000's)
Outstanding at January 1, 2022		104,755		$	37.93	4.8	$	1,416
Exercised		(11,870	)	$	19.69		$	(100	)
Outstanding at September 30, 2022		92,885		$	40.27	4.6	$	1,316
Exercisable at September 30, 2022		84,716		$	39.72	4.5	$	1,181
Vested during nine months ended September 30, 2022		—					$	—

Restricted Stock Awards

A summary of changes in Restricted Stock Awards is presented below (in thousands, except share and per share amounts):

				Weighted		Weighted	Weighted
	Number			Average		Average	Average
	Of			Exercise		Remaining	Grant Date
Restricted stock	Shares			Price		Term (yrs)	Fair Value(000's)
Non-vested at January 1, 2022		46,074		$	45.88	3.1	$	2,114
Time-based awards granted		7,448			57.80			431
Performance-based awards granted		14,016			57.80			810
Vested		(7,813	)		46.30			(362	)
Forfeited		(1,363	)		46.30			(63	)
Non-vested at September 30, 2022		58,362		$	50.20	3.1	$	2,930