v3.25.1
EQUITY COMPENSATION PLANS (Tables)
3 Months Ended
Mar. 31, 2025
EQUITY COMPENSATION PLANS  
Summary of Stock Option Activity

A summary of stock option activity follows (aggregate intrinsic value in thousands):

Weighted

Weighted

Average

Average

Aggregate

Remaining

Number of

Exercise

Intrinsic

Contractual

    

Options

    

Price

    

Value

    

Term

Outstanding, January 1, 2025

 

58,000

$

8.11

$

835

 

0.82 years

Granted

 

 

 

 

Exercised

 

(42,000)

 

6.25

 

 

Forfeited

 

 

 

 

Outstanding, March 31, 2025 (1)

 

16,000

$

13.00

$

154

 

1.42 years

(1)All outstanding options are fully vested and exercisable.
Schedule of Information Related to the Stock Option Plan

    

Three Months Ended March 31, 

(in thousands)

2025

    

2024

Intrinsic value of options exercised

  

$

847

$

53

Tax benefit from option exercises

 

296

 

18

Summary of Restricted Stock Awards Activity

    

    

Weighted-Average

Number of

 Grant Date Fair 

 

Shares

 

Value

Unvested, January 1, 2025

236,203

$

18.95

Granted

 

49,750

 

26.30

Vested

 

(68,990)

 

19.32

Forfeited

 

 

Unvested, March 31, 2025

 

216,963

$

20.52

Summary of Restricted Stock Units Activity

    

    

Weighted-Average

Number of

 Grant Date Fair 

 

Shares

 

Value

Unvested, January 1, 2025

38,271

$

19.73

Granted

 

22,345

 

26.30

Incremental performance shares vested

9,086

19.73

Vested

 

(42,484)

 

19.73

Forfeited

 

(4,873)

 

19.73

Unvested, March 31, 2025

 

22,345

$

26.30