Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2019

Share-based Payment Arrangement [Abstract]

Summary of Restricted Stock Activity

Following is a summary of the activity of the restricted stock:

	Nine Months Ended September 30, 2019
	Shares		Fair Value
Balance at December 31, 2018		99,724	$	45.48
Granted		36,062		49.12
Vested		(13,264)		39.76
Balance at September 30, 2019		122,522	$	47.17

Summary of SARs Activity

There were no SARs granted and no expense recognized during the nine months ended September 30, 2019. Following is a summary of the activity of the Company’s SARs program for the nine-month period ended September 30, 2019:

	Shares	Weighted- Average Exercise Price		Average Remaining Contractual Term Years	Aggregate Intrinsic Value (In thousands)
Outstanding at December 31, 2018	237,121	$	29.86	3.50	$	5,468
Exercised	(34,518)		24.22	—		—
Exercisable at September 30, 2019	202,603	$	30.82	2.93	$	4,694