v3.26.3
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 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		 
Nine Months Ended September 30, 2026               
Outstanding at beginning of year: 1,076,673  $18.92         
Granted 28,675   38.92         
Exercised (3,664)   20.38         
Forfeited -   -         
Expired -   -         
                
Balance at end of period 1,101,684  $19.43   3.45  $24,563 
                
Exercisable at end of period 1,038,536  $18.50   3.15  $24,125 
                
Vested at end of period 1,038,536  $18.50   3.15  $24,125 
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:
 
        
 Nine Months Ended
September 30, 		 
 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		 
Nine Months Ended September 30, 2026       
Outstanding at beginning of year: 241,035  $28.60 
Granted 78,750   41.30 
Released (59,686)   30.28 
Expired (726)   24 
Forfeited (4,296)   38.22 
        
Balance at end of period 255,077  $31.98 
        
Nonvested at end of period 163,356  $34.90 
        
Vested unreleased at end of period 91,721  $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 period indicated is presented below:
 
 
        
 Nine Months Ended
September 30, 		 
   2026    2025 
Expected volatility 25.22% to 26.35%   29.24% to 36.08% 
Expected dividend yield 1.59% to 1.61%   1.70% to 1.89% 
Expected term (years) 0.5   0.5 
Risk-free interest rate 3.59% to 3.98%   4.12% to 5.02%