v3.26.3
SHAREHOLDERS' EQUITY (Tables)
9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of summarizes activity for nonqualified stock options
The following presents activity for nonqualified stock options during the nine months ended September 30, 2026:
Number of OptionsWeighted Average Exercise PriceWeighted Average Remaining Contractual TermAggregate Intrinsic Value
Outstanding as of December 31, 202517,744$26.77 
Forfeited or expired(2,000)25.00 
Outstanding as of September 30, 202615,74427.00 0.02 years
(1)
Options fully vested / exercisable as of September 30, 202615,74427.00 0.02 years
(1)
______________________________________
(1)Nonqualified stock options outstanding at the end of the period and those fully vested/exercisable had immaterial aggregate intrinsic values.
Schedule of summarizes the activity for the Time Vesting Units, the Financial Performance Units and the Market Performance Units
The following presents the activity for the Time Vesting Units and the Financial Performance Units during the nine months ended September 30, 2026:
Time
Vesting
Units
Financial
Performance
Units
Outstanding as of December 31, 2025196,728173,456
Granted51,82185,116
Vested(57,912)(14,095)
Forfeited (21,384)(11,999)
Outstanding as of September 30, 2026169,253232,478
Schedule of financial Performance Units activity
The following presents the Company’s existing Financial Performance Units as of September 30, 2026 (dollars in thousands, except share amounts):
Grant PeriodThreshold AccrualMaximum Issuable
Shares at Current
Threshold
Unrecognized Compensation
Expense
Weighted-Average Life(1)
Financial Metric End DateVesting Requirement End Date
On May 1, 2024(2)
121 %38,905$318 2.3 yearsDecember 31, 2026December 31, 2028
On March 17, 2025(3)
200 20,886114 1.3 yearsDecember 31, 2027December 31, 2027
On May 1, 2025(2)
148 56,350820 3.3 yearsDecember 31, 2027December 31, 2029
On June 4, 2025 & March 2, 2026(4)
100 92,928999 2.4 yearsDecember 31, 2025, 2026 & 2027December 31, 2026, 2027, June 4, 2030 & March 2, 2031
On March 2, 2026(3)
118 9,440167 2.3 yearsDecember 31, 2028December 31, 2028
On May 1, 2026(2)
100 25,853672 4.3 yearsDecember 31, 2028December 31, 2030
______________________________________
(1)Represents the expected unrecognized stock-based compensation expense recognition period.
(2)Conditioned upon pre-established three-year Operating EPS goals.
(3)Conditioned on the Company's three-year annualized total shareholder return compared to the SPDR S&P Regional Banking ETF.
(4)Conditioned upon pre-established Operating EPS hurdles measured over the course of each fiscal year in the performance period.
The following presents the Company’s Financial Performance Units activity for the periods noted (dollars in thousands, except share amounts):
Units GrantedCompensation Expense Recognized
Nine Months Ended
September 30,
Three Months Ended
September 30,
Nine Months Ended
September 30,
Grant Period202620252026202520262025
On November 18, 2020——— 9 $— $28 
May 3, 2021 through August 11, 2021——— 17 (2)43 
On May 1, 20242,7697,74528 39 100 133 
On March 17, 2025—10,44323 23 69 50 
On May 1, 202519,41546,57456 50 231 84 
On June 4, 2025 & March 2, 202627,55666,700214 158 771 158 
On March 2, 20268,000—19 — 43 — 
On May 1, 202627,376—38 — 66 —