v3.26.1
STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2026
STOCK-BASED COMPENSATION [Abstract]  
Summary of Stock Option Activity
A summary of activity in the Plan during the period indicated is presented in the table below (dollars in thousands, except per share data):

   
Number
of Shares
    
Weighted-Average
Exercise Price
    
Weighted-Average
Remaining Contractual
Life in Years
    
Aggregate
Intrinsic Value
  
Three Months Ended March 31, 2026
                        
Outstanding at beginning of year:
    
1,076,673
    
$
18.92
              
Granted
    
28,675
      
38.92
              
Exercised
    
—
      
—
              
Forfeited
    
—
      
—
              
Expired
    
—
      
—
              
                             
Balance at end of period
    
1,105,348
    
$
19.44
      
3.95
    
$
24,829
  
                                 
Exercisable at end of period
    
1,030,024
    
$
18.37
      
3.60
    
$
24,237
  
                                 
Vested at end of period
    
1,030,024
    
$
18.37
      
3.60
    
$
24,237
  
Summary of Assumptions Used to Calculate Fair Value of Awards
A summary of assumptions used to calculate the fair values of the awards granted during the periods noted is presented below:

   
Three Months Ended
March 31,
  
   
2026
    
2025
  
Expected volatility
    
39.61
%
    
41.21
%
Expected dividend yield
    
1.80
%
    
1.80
%
Expected term (years)
    
6.1
      
6.1
  
Risk-free interest rate
    
3.85
%
    
4.43
%
Weighted average grant date fair value
  
$
14.44
    
$
13.35
  
Summary of Activity of Restricted Stock Units
A summary of activity in the Plan during the period indicated is presented in the table below:

   
Number
of Shares
    
Weighted-Average
Grant Date
Fair Value
  
Three Months Ended March 31, 2026
            
Outstanding at beginning of year:
    
241,035
    
$
28.60
  
Granted
    
60,972
      
41.23
  
Released
    
(57,194
)
    
29.86
  
Forfeited
    
(701
)
    
23.67
  
                 
Balance at end of period
    
244,112
    
$
31.48
  
Nonvested at end of period
    
152,366
    
$
34.31
  
Vested unreleased at end of period
    
91,746
    
$
26.78
  
Summary of Assumptions Used to Calculate the Grant Date Fair Value of the ESPP Rights
A summary of assumptions used to calculate the grant date fair value of the ESPP rights for the periods indicated is presented below:


   
Three Months Ended
March 31,
  
   
2026
    
2025
  
Expected volatility
  
26.35% to 29.24%
    
31.31% to 36.08%
  
Expected dividend yield
  
1.59% to 1.78%
    
1.70% to 1.89%
  
Expected term (years)
    
0.5
      
0.5
  
Risk-free interest rate
  
3.59% to 4.12%
    
4.24% to 5.02%