Stock Based Compensation (Tables)

9 Months Ended

Sep. 30, 2020

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 nine months ended September 30, 2020 was as follows:

	Number of Stock Options		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Outstanding as of December 31, 2019	73,426		$	8.19
Granted	-			-
Exercised	(25,413	)		7.39
Forfeited/cancelled/expired	-			-
Outstanding as of September 30, 2020	48,013		$	8.61	1.5	$	262,366
Exercisable as of September 30, 2020	48,013		$	8.61	1.5	$	262,366

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

Activity under the Company’s restricted shares for the nine months ended September 30, 2020 was as follows:

			Weighted-
			Average
	Nonvested		Grant Date
	Shares		Fair Value
Nonvested as of December 31, 2019	75,351		$	21.61
Granted	68,853			17.42
Vested	(51,292	)		21.33
Forfeited/cancelled/expired	(322	)		23.65
Nonvested September 30, 2020	92,590		$	18.64

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:

				Weighted
				Average Grant
	Units		Units	Date Fair
	(expected)		(maximum)	Value
Unearned as of December 31, 2019	90,097			$	23.85
Awarded	82,579				10.77
Change in estimate	2,490				22.75
Vested shares	(37,337	)			22.75
Unearned as of September 30, 2020	137,829		206,744	$	16.29

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:

			Weighted
			Average Grant
	Units		Date Fair
	(expected)		Value
Unearned as of December 31, 2019	73,069		$	23.62
Awarded	123,870			10.77
Vested shares	(27,626	)		24.53
Unearned as of September 30, 2020	169,313		$	14.07