Annual report pursuant to Section 13 and 15(d)

Note 13 - Employee and Director Benefits (Tables)

v3.22.0.1
Note 13 - Employee and Director Benefits (Tables)
12 Months Ended
Dec. 31, 2021
Notes Tables  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

2019

 

Expected price volatility

    40.00

%

Expected dividend yield

    1.76

%

Expected term (in years)

    7  

Risk-free rate

    1.96

%

Share-based Payment Arrangement, Option, Activity [Table Text Block]
   

Shares

   

Weighted Average Exercise Price

   

Weighted Average Remaining Contractual Term (years)

   

Aggregate Intrinsic Value

 
                           

(In Thousands)

 

Year Ended December 31, 2021:

                               

Outstanding at beginning of year

    641,450     $ 18.15       4.6     $ 16,985  

Exercised

    (278,200 )     12.58       2.8       20,131  

Forfeited

    (10,000 )     38.38       5.2       466  

Outstanding at end of year

    353,250     $ 19.28       3.8     $ 23,525  
                                 

Exercisable at December 31, 2021:

    264,000     $ 12.89       2.8     $ 19,353  
                                 

Year Ended December 31, 2020:

                               

Outstanding at beginning of year

    965,750     $ 15.20       4.9     $ 21,914  

Exercised

    (306,300 )     11.38       2.9       8,854  

Forfeited

    (18,000 )     30.79       6.1       171  

Outstanding at end of year

    641,450     $ 18.15       4.6     $ 16,985  
                                 

Exercisable at December 31, 2020:

    182,200     $ 12.86       3.5     $ 4,998  
                                 

Year Ended December 31, 2019:

                               

Outstanding at beginning of year

    1,238,750     $ 13.02       5.2     $ 23,355  

Granted

    36,000       34.04       9.6       132  

Exercised

    (288,800 )     7.56       2.5       8,534  

Forfeited

    (20,200 )     24.88       6.2       259  

Outstanding at end of year

    965,750     $ 15.20       4.9     $ 21,914  
                                 

Exercisable at December 31, 2019:

    278,500     $ 8.28       3.0     $ 8,355  
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]

Range of Exercise Price

   

Shares

   

Weighted Average Exercise Price

   

Weighted Average Remaining Contractual Term (years)

   

Aggregate Intrinsic Value

 
                               

(In Thousands)

 
$ 5.00 - 6.00       49,000     $ 5.41       1.1     $ 3,897  
  6.00 - 7.00       53,500       6.92       2.6       4,174  
  15.00 - 16.00       81,000       15.41       3.0       5,632  
  17.00 - 18.00       21,500       17.17       3.3       1,457  
  18.00 - 19.00       6,000       18.49       3.7       732  
  19.00 - 20.00       49,000       19.16       4.1       3,223  
  25.00 - 26.00       4,000       25.41       4.7       238  
          264,000     $ 12.89       2.8     $ 19,353  
Share-based Payment Arrangement, Outstanding Award, Activity, Excluding Option [Table Text Block]
   

Restricted Stock

   

Performance Stock

 
   

Shares

   

Weighted Average Grant Date Fair Value

   

Shares

   

Weighted Average Grant Date Fair Value

 

Year Ended December 31, 2021:

                               

Non-vested at beginning of year

    84,307     $ 34.92       -     $ -  

Granted

    69,295       48.92       12,437       37.05  

Vested

    (14,274 )     29.33       -       -  

Forfeited

    (12,353 )     39.60       -       -  

Non-vested at end of year

    126,975     $ 42.28       12,437     $ 37.05  
                                 

Year Ended December 31, 2020:

                               

Non-vested at beginning of year

    71,290     $ 32.24       -     $ -  

Granted

    33,695       33.91       -       -  

Vested

    (20,178 )     23.76       -       -  

Forfeited

    (500 )     34.09       -       -  

Non-vested at end of year

    84,307     $ 34.92       -     $ -  
                                 

Year Ended December 31, 2019:

                               

Non-vested at beginning of year

    42,576     $ 29.96       -     $ -  

Granted

    36,664       33.60       -       -  

Vested

    (5,450 )     20.92       -       -  

Forfeited

    (2,500 )     38.17       -       -  

Non-vested at end of year

    71,290     $ 32.24       -     $ -