Stock-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Schedule of stock option plan

The status of the Company’s stock option plan is presented below:

	Stock Options
	Number of Shares		Exercise Price Range	Weighted Average Price
Outstanding - December 31, 2017	33,500		$12.32 - $17.33	$	14.56
Exercised(1)	(5,500	)	$12.32 - $14.31	$	13.04
Outstanding - December 31, 2018	28,000		$12.32 - $17.33	$	14.85
Exercised(2)	(7,500	)	$12.32	$	12.32
Outstanding - December 31, 2019	20,500		$14.31 - $17.33	$	15.78

⁽¹⁾  A total of 490 shares of the Company’s common stock were surrendered in lieu of payment of a portion of the cash exercise price for options exercised during 2018, resulting in the net issuance upon exercise of an aggregate of 5,010 shares of the Company’s common stock.

⁽²⁾ 

A total of 300 shares of the Company’s common stock were surrendered in lieu of payment of a portion of the cash exercise price for options exercised during 2019, resulting in the net issuance upon exercise of an aggregate of 7,200 shares of the Company’s common stock.

Schedule of nonvested restricted stock

The status of the Company's nonvested restricted stock is presented below:

	Nonvested Restricted Stock
	Number of Shares	Weighted Average Grant Date Fair Value
Nonvested - December 31, 2017	21,650	$	28.41
Granted	6,750	$	37.49
Vested	(7,210)	$	26.06
Nonvested - December 31, 2018	21,190	$	32.10
Granted	5,975	$	48.15
Vested	(6,560)	$	30.26
Nonvested - December 31, 2019	20,605	$	37.34

Schedule of director compensation program

The director compensation program stock earned and the issuance of shares as board compensation for the years ended December 31, 2019 and 2018, are as follows:

	Years Ended December 31,
(dollars in thousands)	2019		2018
Share-based board compensation earned	$	87	$	96
Issuance of shares of common stock as board compensation:
Number of shares issued	2,368		2,452
Equity impact of shares issued	$	96	$	92