Stock Plans (Tables)

9 Months Ended

Sep. 30, 2018

Stock Plans [Abstract]

Summary Of Weighted-Average Fair-Value And Vesting Of Restricted Stock Grants

	September 30, 2018				September 30, 2017
			Weighted-				Weighted-
			average				average
	Shares		grant date		Shares		grant date
	granted		fair value		granted		fair value
Director plan	8,400	(3)	$	49.50	8,400	(2)	$	26.17
Omnibus plan	10,800	(3)		45.83	4,749	(3)		23.93
Omnibus plan	50	(1)		49.50	75	(1)		26.17
Total	19,250		$	47.44	13,224		$	25.36

(1) Vest after 1 year  (2) Vest after 2 years – 50% each year  (3) Vest after 3 years – 33% each year

Schedule Of Non-Vested Restricted Stock Units Activity

	2012 Stock incentive plans
	Director	Omnibus	Total		Weighted- average grant date fair value
Non-vested balance at December 31, 2017	8,400	12,304	20,704	$	23.59
Granted	8,400	10,850	19,250		47.44
Vested	(4,200)	(5,794)	(9,994)		23.69
Non-vested balance at September 30, 2018	12,600	17,360	29,960	$	38.99

Schedule Of SSARs Activity

	Awards		Weighted-average grant date fair value	Weighted-average remaining contractual term (years)
Outstanding December 31, 2017	53,360	$	4.20	8.5
Granted	38,941		13.73	10.0
Exercised	-		-
Forfeited	-		-
Outstanding September 30, 2018	92,301	$	8.22	8.4

Of the SSARs outstanding at September 30, 2018, 27,453 vested and were exercisable. SSARs vest over a three year period – 33% per year.

Schedule Of Compensation Cost For Share-Based Payment Arrangements, Allocation Of Share-Based Compensation Costs By Plan

		Three months ended September 30,			Nine months ended September 30,
(dollars in thousands)	2018		2017		2018			2017
Stock-based compensation expense:
Director stock incentive plan	$	61	$	28	$	174	$	89
Omnibus stock incentive plan		132		49		368		144
Employee stock purchase plan		-		-		143		23
Total stock-based compensation expense	$	193	$	77	$	685	$	256

In addition, during the three and nine months ended September 30, 2018, the Company reversed accruals of ($35 thousand) and ($95 thousand) in stock-based compensation expense for restricted stock and SSARs awarded under the Omnibus Plan.  The Company accrued $54 thousand and $163 thousand in stock-based compensation expense during the three and nine months ended September 30, 2017.

Schedule Of Unrecognized Compensation Cost, Non-Vested Awards

	As of
(dollars in thousands)	September 30, 2018
Unrecognized stock-based compensation expense:
Director plan	$	360
Omnibus plan		944
Total unrecognized stock-based compensation expense	$	1,304

The unrecognized stock-based compensation expense as of September 30, 2018 will be recognized ratably over the periods ended January 2021 and January 2021 for the Director Plan and the Omnibus Plan, respectively.

Summary Of Stock Option Activity

	Options		Weighted-average exercise price	Weighted-average remaining contractual term (years)
Outstanding and exercisable, December 31, 2017	750	$	18.50	0.2
Granted	-		-
Exercised	(750)		18.50
Forfeited	-		-
Outstanding and exercisable, September 30, 2018	-	$	-	-