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Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

Activity under the Company’s options for the year ended December 31, 2019 was as follows:

 

 

Number of

Stock

Options

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Average

Remaining

Contractual

Term

(in years)

 

 

Aggregate

Intrinsic Value

 

Outstanding at December 31, 2018

 

 

108,463

 

 

$

8.35

 

 

 

 

 

 

 

 

 

Granted

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

Exercised

 

 

(38,937)

 

 

 

8.46

 

 

 

 

 

 

 

 

 

Forfeited/cancelled/expired

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2019

 

 

69,526

 

 

 

8.29

 

 

 

2.1

 

 

$

1,243,231

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2019

 

 

69,526

 

 

$

8.29

 

 

 

2.1

 

 

$

1,243,231

 

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

Activity under the Company’s restricted shares for year ended December 31, 2019 was as follows:

 

 

Nonvested

Shares

 

 

Weighted-

Average

Grant Date

Fair Value

 

Nonvested at December 31, 2018

 

 

68,428

 

 

$

23.04

 

Granted

 

 

59,551

 

 

 

20.30

 

Vested

 

 

(48,599)

 

 

 

21.90

 

Forfeited/cancelled/expired

 

 

(2,779)

 

 

 

24.56

 

Nonvested December 31, 2019

 

 

76,601

 

 

$

21.58

 

Schedule of Unearned Performance Unit Awards [Table Text Block]

A summary of the status of unearned performance unit awards and the change during the period is presented in the table below:

Units

(expected)

Units

(maximum)

Weighted

Average Grant

Date Fair

Value

Unearned at December 31, 2018

 

86,009

 

 

 

 

 

 

$

22.06

 

Awarded

35,636

20.79

Change in estimate

20,960

19.86

Vested

 

(52,508)

21.26

Unearned at December 31, 2019

 

90,097

 

120,212

$

23.85

Schedule of Unearned Restricted Unit Awards [Table Text Block]

A summary of the status of unearned restricted stock units and the changes in restricted stock units during the period is presented in the table below:

 

 

Units

(expected)

 

 

Weighted

Average Grant

Date Fair

Value

 

Unearned at December 31, 2018

29,423

$

31.35

Awarded

53,454

20.79

Vested

 

(9,808)

31.35

Unearned at December 31, 2019

 

73,069

$

23.62