v3.25.4
STOCK-BASED COMPENSATION PLANS (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense (Benefit)
The following is a summary of stock-based compensation expense (benefit):
Year Ended December 31,
(dollars in thousands)202520242023
Restricted stock units$1,196 $1,061 $1,204 
Performance restricted stock units747 691 749 
Total awards classified as equity1,943 1,752 1,953 
Stock appreciation rights170 (32)95 
Total stock-based compensation expense$2,113 $1,720 $2,048 
Schedule of Restricted Stock Units
The following is a summary of restricted stock unit activity:
Year Ended December 31,
202520242023
Restricted
Stock Units		Weighted
Average
Grant Date
Fair Value		Restricted
Stock Units		Weighted
Average
Grant Date
Fair Value		Restricted
Stock Units		Weighted
Average
Grant Date
Fair Value
Beginning balance108,603$19.71 128,159$19.56 139,986$18.01 
Granted43,39725.00 51,24619.06 41,84722.72 
Vested(56,922)19.59 (70,540)18.96 (51,693)17.91 
Forfeited(131)19.06 (262)19.06 (1,981)19.55 
Ending balance94,947$22.20 108,603$19.71 128,159$19.56 
The following is a summary of performance restricted stock unit activity:
Year Ended December 31,
202520242023
Performance
Restricted
Stock Units		Weighted
Average
Grant Date
Fair Value		Performance
Restricted
Stock Units		Weighted
Average
Grant Date
Fair Value		Performance
Restricted
Stock Units		Weighted
Average
Grant Date
Fair Value
Beginning balance70,333 $19.59 79,097 $18.25 62,067$17.02 
Granted16,662 25.00 19,933 19.06 17,03022.72 
Adjustment for performance condition11,864 18.66 14,349 15.53 —— 
Vested(42,783)18.66 (43,046)15.53 —— 
Forfeited(2,451)16.27 — — —— 
Ending balance53,625 $22.07 70,333 $19.59 79,097$18.25 
Schedule of Stock Appreciation Rights
The following is a summary of stock appreciation rights activity:
Year Ended December 31,
202520242023
Stock
Appreciation
Rights		Weighted
Average
Grant Date
Assigned Value		Stock
Appreciation
Rights		Weighted
Average
Grant Date
Assigned Value		Stock
Appreciation
Rights		Weighted
Average
Grant Date
Assigned Value
Beginning balance73,440$16.32 73,440$16.32 73,440$16.32 
Granted—— —— —— 
Exercised(6,120)16.32 —— —— 
Expired—— —— —— 
Forfeited—— —— —— 
Ending balance67,320$16.32 73,440$16.32 73,440$16.32 
Schedule of Option Pricing Model to Value the Stock Appreciation Rights The Company uses an option pricing model to value the stock appreciation rights, using the assumptions in the following table. Expected volatility is derived from the historical volatility of the Company’s stock price.
December 31, 2025December 31, 2024
Risk-free interest rate3.61 %4.37 %
Expected volatility29.60 %30.95 %
Expected life (in years)3.74.7
Expected dividend yield3.25 %3.47 %