Stock Options and Other Equity-Based Incentive Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Stock Option Activity

Stock option activity during the three months ended March 31, 2020 is summarized in the following table:

	Number of Shares	Option Price per Share	Weighted Average Exercise Price
Outstanding at December 31, 2019	160,500	$14.54 to $23.21	$	17.60
Options granted	—	—	—
Options exercised	(8,000)	$17.54 to $19.46	18.50
Options forfeited	—	—	—
Outstanding at March 31, 2020	152,500	$14.54 to $23.21	$	17.55

Summary of Options Outstanding

The following table shows the number, weighted-average exercise price, intrinsic value, and weighted average remaining contractual life of options exercisable, options not yet exercisable and total options outstanding as of March 31, 2020:

	Currently Exercisable		Currently Not Exercisable		Total Outstanding
Number of options	152,500		—		152,500
Weighted average exercise price	$	17.55	$	—	$	17.55
Intrinsic value (in thousands)	$	1,871	$	—	$	1,871
Weighted average remaining contractual term (yrs.)	2.6		0		2.6

Restricted Stock Unit (RSU) Activity

Activity related to restricted stock unit awards during the three months ended March 31, 2020 is summarized in the following table:

	Service Condition Vesting RSUs	Market Plus Service Condition Vesting RSUs
Outstanding at December 31, 2019	68,597	51,312
RSUs granted	—	—
RSUs added through dividend and performance credits	521	—
RSUs released	(362)	—
RSUs forfeited/expired	(80)	(78)
Outstanding at March 31, 2020	68,676	51,234