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Stock Incentive Plan (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Compensation cost, net of forfeitures, related to stock-based compensation
The following table summarizes the compensation cost, net of forfeitures, related to stock-based compensation for the years ended December 31, 2017, 2016 and 2015 (in thousands):
 
 
2017
 
2016
 
2015
Stock and stock unit awards:
 
 
 
 
 
 
Pre-tax compensation expense
 
$
954

 
$
384

 
$
378

Income tax benefit
 
(334
)
 
(134
)
 
(132
)
Total share-based compensation expense, net of income taxes
 
$
620

 
$
250

 
$
246

Summary of option activity
A summary of option activity under the SI Plan and the 1997 Stock Incentive Plan as of December 31, 2017, 2016 and 2015, and changes during the years then ended is presented below:
 
 
2017
 
 
Shares
 
Weighted-Average
Exercise Price
 
Weighted-Average
Remaining
Contractual Term
 
Aggregate
Intrinsic Value
Outstanding, beginning of year
 
40,500
 
$24.65
 
 
 
 
Granted
 
0
 
0.00
 
 
 
 
Exercised
 
(27,500)
 
25.42
 
 
 
 
Forfeited or expired
 
(2,500)
 
23.00
 
 
 
 
Outstanding, end of year
 
10,500
 
$23.00
 
0.96
 
$
163,170

Exercisable, end of year
 
10,500
 
$23.00
 
0.96
 
$
163,170



The total intrinsic value of options exercised during 2017 was $259,000. There were no stock options for shares of common stock not considered in computing the aggregate intrinsic value of outstanding shares and exercisable shares for 2017 because they were anti-dilutive.
 
 
2016
 
 
Shares
 
Weighted-Average
Exercise Price
 
Weighted-Average
Remaining
Contractual Term
 
Aggregate
Intrinsic Value
Outstanding, beginning of year
 
45,500
 
$24.67
 
 
 
 
Granted
 
0
 
0.00
 
 
 
 
Exercised
 
(2,500)
 
24.86
 
 
 
 
Forfeited or expired
 
(2,500)
 
24.86
 
 
 
 
Outstanding, end of year
 
40,500
 
$24.65
 
1.42
 
$
378,850

Exercisable, end of year
 
40,500
 
$24.65
 
1.42
 
$
378,850



The total intrinsic value of options exercised during 2016 was $14,000. There were no stock options for shares of common stock not considered in computing the aggregate intrinsic value of outstanding shares and exercisable shares for 2016 because they were anti-dilutive.
 
 
2015
 
 
Shares
 
Weighted-Average
Exercise Price
 
Weighted-Average
Remaining
Contractual Term
 
Aggregate
Intrinsic Value
Outstanding, beginning of year
 
52,000
 
$24.64
 
 
 
 
Granted
 
0
 
0.00
 
 
 
 
Exercised
 
0
 
0.00
 
 
 
 
Forfeited or expired
 
(6,500)
 
24.43
 
 
 
 
Outstanding, end of year
 
45,500
 
$24.67
 
2.42
 
$
63,000

Exercisable, end of year
 
45,500
 
$24.67
 
2.42
 
$
63,000



Stock options, by exercise price range
The following table summarizes information about stock options under the SI Plan outstanding at December 31, 2017:
 
 
 
 
Options Outstanding
 
Options Exercisable
Range of Exercise Prices
 
Number Outstanding
 
Weighted-Average Remaining Contractual Life
 
Weighted-Average Exercise Price
 
Number Exercisable
 
Weighted-Average Exercise Price
$22.50 to $24.50
 
10,500
 
0.96
 
$23.00
 
10,500
 
$23.00
Schedule of Unvested Restricted Stock and Restricted Stock Units Roll Forward [Table Text Block]
The following table summarizes non-vested stock and stock unit activity for the years ended December 31, 2017, 2016 and 2015:
 
 
2017
 
2016
 
2015
 
 
Shares
 
Weighted-avg Grant-date Fair Value
 
Shares
 
Weighted-avg Grant-date Fair Value
 
Shares
 
Weighted-avg Grant-date Fair Value
Nonvested, beginning of year
 
32,338
 
$22.64
 
30,169
 
$20.87
 
26,897
 
$22.95
Granted
 
18,391
 
30.65
 
13,912
 
26.09
 
18,002
 
20.14
Vested
 
(50,729)
 
25.54
 
(11,743)
 
22.18
 
(14,730)
 
23.77
Forfeited
 
0
 
0.00
 
0
 
0.00
 
0
 
0.00
Nonvested, end of year
 
0
 
$0.00
 
32,338
 
$22.64
 
30,169
 
$20.87
Fair value of shares vested
 
 
 
$
260,483

 
 
 
$
260,483

 
 
 
$
350,075