Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

Summary of Stock Option Activity

he following table summarizes stock option activity for the periods indicated:

	Six Months Ended June 30,
	2021					2020
	Options	Weighted Average Exercise Price		Aggregate Intrinsic Value (in thousands) (1)		Options	Weighted Average Exercise Price		Aggregate Intrinsic Value (in thousands) (1)
Outstanding, January 1,	311	$	12.60			9,904	$	11.96
Granted	—	—				—	—
Exercised	(311)	12.60				(9,593)	11.94
Expired	—	—				—	—
Outstanding, June 30,	—	—		$	—	311	12.60		$	1
Exercisable, June 30,	—	—		$	—	311	12.60		$	1
(1) Aggregate Intrinsic Value is defined as the amount by which the current market value of the underlying stock exceeds the exercise price of the option.

Summary of Restricted Stock Awards Activity

Restricted stock awards granted under the 2015 Plan were as follows:

	2021			2020
	Shares	Weighted Average Grant Date Fair Value		Shares	Weighted Average Grant Date Fair Value
Outstanding, January 1,	28,596	$	17.42	17,752	$	18.03
Granted	26,321	16.85		19,211	16.87
Vested	(8,817)	17.55		(3,818)	18.45
Forfeited	(122)	16.87		(3,550)	16.90
Outstanding, June 30,	45,978	$	17.07	29,595	$	17.37

Schedule of Information Related to Stock Options Exercised

The following table provides information related to stock options exercised during the periods indicated (in thousands):

	Six Months Ended June 30,
	2021		2020
Intrinsic value of options exercised	$	1	46
Cash received from options exercised	4		115
Tax benefit realized from options exercised	—		5

Share-based Payment Arrangement, Expensed and Capitalized, Amount

The following table presents expense recorded in salaries and employee benefits for restricted stock awards and the related tax information for the three and six months ended June 30, 2021 and 2020 (in thousands):

	Three Months Ended June 30,			Six Months Ended  June 30,
	2021		2020	2021	2020
Restricted stock expense	$	52	35	145	68
Tax effect	10		7	30	14