Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Employee and Director Benefits (Tables)

v3.21.2
Note 7 - Employee and Director Benefits (Tables)
6 Months Ended
Jun. 30, 2021
Notes Tables  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

2021

 

Expected volatility

    40.00

%

Expected dividends

    1.78

%

Expected term (in years)

    7.5  

Risk-free rate

    2.43

%

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

Weighted

         
           

Weighted

   

Average

         
           

Average

   

Remaining

   

Aggregate

 
           

Exercise

   

Contractual

   

Intrinsic

 
   

Shares

   

Price

   

Term (years)

   

Value

 
                           

(In Thousands)

 

Six Months Ended June 30, 2021:

                               

Outstanding at January 1, 2021

    640,950     $ 18.14       4.6     $ 16,981  

Granted

    500       32.60       8.0       18  

Exercised

    (197,200 )     10.31       3.1       11,574  

Forfeited

    (6,000 )     5.82       0.7       106  

Outstanding at June 30, 2021

    438,250       19.68       4.4     $ 22,121  
                                 

Exercisable at June 30, 2021

    337,000     $ 13.84       3.5     $ 18,841  
                                 

Six Months Ended June 30, 2020:

                               

Outstanding at January 1, 2020

    965,248     $ 15.19       4.9     $ 21,911  

Granted

    -       -       -       -  

Exercised

    (236,000 )     10.36       3.1       5,995  

Forfeited

    (18,000 )     30.79       6.6       90  

Outstanding at June 30, 2020

    711,248       18.21       5.3     $ 13,808  
                                 

Exercisable at June 30, 2020

    236,500     $ 12.76       3.6     $ 5,446  
Share-based Payment Arrangement, Outstanding Award, Activity, Excluding Option [Table Text Block]
   

Restricted Stock

   

Performance Shares

 
   

Shares

   

Weighted
Average Grant
Date Fair
Value

   

Shares

   

Weighted
Average Grant
Date Fair
Value

 

Six Months Ended June 30, 2021:

                               

Non-vested at January 1, 2021

    84,307     $ 34.92       -     $ -  

Granted

    64,199       46.37       12,437       37.05  

Vested

    (11,778 )     27.99       -       -  

Forfeited

    (6,975 )     38.81       -       -  

Non-vested at June 30, 2021

    129,753       41.01       12,437       -  
                                 

Six Months Ended June 30, 2020:

                               

Non-vested at January 1, 2020

    71,290     $ 31.53       -     $ -  

Granted

    25,567       36.29       -       -  

Vested

    (18,828 )     23.06       -       -  

Forfeited

    -       -       -       -  

Non-vested at June 30, 2020

    78,029       35.14       -       -