Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2016

Stock-Based Compensation [Abstract]

Schedule of Stock-Based Compensation

The following tables provide information on stock-based compensation expense for the three and nine months ended September 30, 2016 and 2015.

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
(Dollars in thousands)	2016		2015		2016		2015
Stock-based compensation expense	$	85	$	41	$	262	$	232
Proceeds from issuance of common stock		50		3		53		3

	September 30,
(Dollars in thousands)	2016			2015
Unrecognized stock-based compensation
expense	$	132		$	55
Weighted average period unrecognized
expense is expected to be recognized		0.6	years		0.4	years

Schedule of Share-based Compensation, Restricted Stock Units Award Activity

The following table summarizes restricted stock award activity for the Company under the 2006 Equity Plan and the 2016 Equity Plan for the nine months ended September 30, 2016 and 2015.

	Number of	Weighted Average Grant
September 30, 2016	Shares	Date Fair Value
Nonvested at beginning of period	12,488	$	8.74
Granted	25,315		11.48
Vested	(20,738)		9.83
Cancelled	-		-
Nonvested at end of period	17,065	$	11.46

	Number of	Weighted Average Grant
September 30, 2015	Shares	Date Fair Value
Nonvested at beginning of period	14,251	$	8.33
Granted	11,915		9.19
Vested	(13,678)		8.90
Cancelled	-		-
Nonvested at end of period	12,488	$	8.74

Schedule of Share-based Compensation, Stock Options Activity

The following table summarizes stock option activity for the Company under the 2006 Equity Plan and the 2016 Equity Plan for the nine months ended September 30, 2016 and 2015.

	Number of	Weighted Average Grant
September 30, 2016	Shares	Date Fair Value
Outstanding at beginning of period	61,327	$	8.05
Granted	12,443		11.12
Exercised	(11,684)		6.64
Expired/Cancelled	-		-
Outstanding at end of period	62,086	$	8.29
Exercisable at end of period	58,756	$	8.14

	Number of	Weighted Average Grant
September 30, 2015	Shares	Date Fair Value
Outstanding at beginning of period	27,108	$	6.64
Granted	34,219		9.18
Exercised	-		-
Expired/Cancelled	-		-
Outstanding at end of period	61,327	$	8.05
Exercisable at end of period	27,108	$	6.64

Schedule of Share-based Payment Award, Stock Option Valuation Assumptions

The following weighted average assumptions were used as inputs to the Black-Scholes valuation model for options granted in 2016 and 2015.

	2016		2015
Dividend yield	0.73	%	0	%
Expected volatility	38.60	%	32	%
Risk-free interest rate	1.75	%	1.97	%
Expected contract life (in years)	10 years		7 years