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Stock-Based Compensation Plans (Tables)
 6 Months Ended
Jun. 30, 2024
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 endedSix Months ended
June 30,June 30,
2024202320242023
Stock option grants$20 $16 $39 $33 
Restricted stock awards340 261 641 518 
Annual director stock award
600 600 600 600 
Employee stock grant— — — 50 
$960 $877 $1,280 $1,201 
Summary of changes in outstanding options
A summary of changes in outstanding options is presented below (in thousands, except share and per share amounts):
Options
Number
Of
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Term (yrs)
Weighted
Average
Grant Date
Fair Value(000's)
Outstanding at January 1, 2024126,880$20.00 3.5$981 
Time-based awards granted
12,20031.44 150 
Performance-based awards granted
20,33031.44 250 
Outstanding at June 30, 2024159,410$22.33 4.3$1,381 
Exercisable at June 30, 2024126,880$20.00 3.0$981 
Vested during three months ended
June 30, 2024		—$— 
Summary of changes in restricted stock awards
A summary of changes in restricted stock awards is presented below (in thousands, except share and per share amounts):
Restricted stock
Number
Of
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Term (yrs)
Weighted
Average
Grant Date
Fair Value(000's)
Non-vested at January 1, 2024109,454$26.47 2.8$2,897 
Time-based awards granted
12,78031.30 400 
Performance-based awards granted
29,89031.05 928 
Vested
(8,684)29.16 (253)
Non-vested at June 30, 2024143,440$27.44 2.9$3,972