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Stock Incentive Plan
 9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stock Incentive Plan STOCK INCENTIVE PLAN
Restricted Stock Awards
A summary of restricted stock award activity for the three and nine months ended September 30, 2026 and 2025 is included in the table below, as well as compensation expense recognized from the amortization of the value of shares over the applicable amortization periods.
Three Months Ended
September 30,		Nine Months Ended
September 30,
(Dollars and shares in thousands)2026202520262025
Stock-based awards, beginning of period1,608 1,455 1,518 1,560 
Stock in lieu of compensation60 64 143 153 
Stock awards39 44 142 158 
   Total stock granted99 108 285 311 
Vested shares(57)(43)(152)(349)
Forfeited shares(3)(2)(4)(4)
Stock-based awards, end of period1,647 1,518 1,647 1,518 
Amortization expense (1)
$1,594 $2,081 $6,212 $11,285 
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(1) Amortization expense for the nine months ended September 30, 2025 included accelerated amortization totaling $4.4 million related to the termination of a former executive officer.

Restricted Stock Issuances
During the first quarter of 2026, pursuant to the 2024 Incentive Plan and the Fourth Amended and Restated Alignment of Interest Program, the Company granted 101,305 shares of restricted common stock to its employees, in lieu of salary, that will cliff vest between three and eight years. Of the shares granted, 60,456 shares of restricted stock were granted in lieu of compensation from the program pool and 40,849 shares of restricted stock were awards granted from the plan pool. Also, during the first quarter of 2026, pursuant to the Second Amended and Restated Non-Executive Officer Incentive Program, the Company granted 18,103 shares of restricted stock to certain employees that will cliff vest in five years.

During the second quarter of 2026, pursuant to the 2024 Incentive Plan and the Fourth Amended and Restated Alignment of Interest Program, the Company granted an aggregate of 66,165 shares of restricted stock to its Board
of Directors, in lieu of fees and compensation, which will cliff vest in three years. Of the shares granted, 21,908 shares of restricted stock were granted in lieu of compensation from the program pool and 44,257 shares of restricted stock were awarded based on the restriction period elected from the plan pool.

During the third quarter of 2026, pursuant to the 2024 Incentive Plan and the Fourth Amended and Restated Alignment of Interest Program, the Company granted an aggregate of 99,145 shares of restricted stock to its employees, in lieu of bonus compensation, which will cliff vest between three and eight years. Of the shares granted, 60,796 shares of restricted stock were granted in lieu of compensation from the program pool and 38,349 shares of restricted stock were awarded based on the restriction period elected from the plan pool.

Restricted Stock Units
A summary of the Company's restricted stock unit (RSU) activity during the three and nine months ended September 30, 2026 and 2025, respectively, is included in the table below, as well as compensation expense recognized from the amortization of the value of RSUs over the applicable amortization periods.
Three Months Ended September 30,Nine Months Ended September 30,
(Dollars and RSUs in thousands)2026202520262025
Restricted Stock Units, beginning of period97 95 205 123 
Absolute TSR Performance-based RSUs granted (1)
29 36 29 36 
Relative TSR Performance-based RSUs granted (1)
29 35 29 35 
Time-based RSUs granted (2)
34 39 34 39 
Total RSUs granted92 110 92 110 
Vested RSUs— — (22)(28)
Forfeited RSUs(3)
— — (86)— 
Restricted Stock Units, end of period189 205 189 205 
Amortization expense(4)
$309 $384 $1,180 $1,012 
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(1) The number of performance-based RSUs granted were based on target levels. These RSUs will vest or be forfeited based on the performance level achieved at the end of the respective three-year performance period on June 30, 2028 and 2029.
(2) The number of time-based RSUs granted were based on target levels and vest ratably on June 30 of each year of the respective three-year periods ending June 30, 2028 and 2029, provided the recipient remains continuously employed by the Company on each such date.
(3) RSUs with a three-year performance period ended June 30, 2026 did not meet required performance levels and were forfeited.
(4) Amortization expense of RSUs for the nine months ended September 30, 2025 includes accelerated amortization totaling $0.2 million related to the termination of a former executive officer.

Restricted Stock Unit Issuances
During the third quarter of 2026, pursuant to the 2024 Incentive Plan, the Company granted performance-based and time-based RSUs to its executive officers. These RSUs are forward-looking with a three-year performance period beginning July 1, 2026. The performance-based RSUs were valued by independent specialists utilizing a Monte Carlo simulation to calculate the grant date fair values of $19.04 per share for the Absolute TSR RSUs and $22.05 per share for the Relative TSR RSUs. The grant date value of the time-based RSUs was based on the Company's stock price on the grant date of $18.56.