Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2020

Share-based Payment Arrangement, Noncash Expense [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

A summary of the Company’s stock option plan awards and activity for the three and six months ended June 30, 2020, follows: 

	For the Three Months Ended June 30, 2020
	Shares	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term in Years	Aggregate Intrinsic Value		Weighted-Average Grant Date Fair Value
Outstanding at April 1, 2020	313,000	$	10.34		$	72,550	$	3.69
Outstanding at June 30, 2020	313,000	10.34		3.48	136,300		3.69
Vested and expected to vest assuming a 3% forfeiture rate over the vesting term	312,760	10.34		3.48	136,300		3.69
Exercisable at June 30, 2020	305,000	10.27		3.43	136,300		3.66
	For the Six Months Ended June 30, 2020
	Shares	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term in Years	Aggregate Intrinsic Value		Weighted-Average Grant Date Fair Value
Outstanding at January 1, 2020	313,000	$	10.34		$	1,440,310	$	3.69
Outstanding at June 30, 2020	313,000	10.34		3.48	136,300		3.69
Vested and expected to vest assuming a 3% forfeiture rate over the vesting term	312,760	10.34		3.48	136,300		3.69
Exercisable at June 30, 2020	305,000	10.27		3.43	136,300		3.66

A summary of changes in nonvested restricted stock awards for the three and six months ended June 30, 2020, follows: 

	For the Three Months Ended June 30, 2020
	Shares	Weighted-Average Grant Date Fair Value
Nonvested at April 1, 2020	16,228	$	13.61
Nonvested at June 30, 2020	16,228	13.61
Expected to vest assuming a 3% forfeiture rate over the vesting term	15,741	13.61
	For the Six Months Ended June 30, 2020
	Shares	Weighted-Average Grant Date  Fair Value
Nonvested at January 1, 2020	16,698	$	16.53
Granted	16,228	13.61
Vested	(16,698)	16.53
Nonvested at June 30, 2020	16,228	13.61
Expected to vest assuming a 3% forfeiture rate over the vesting term	15,741	13.61