Stock-Based Compensation

6 Months Ended

Jun. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Employee Benefit Plans

Stock-Based Compensation

Certain officers and directors of the Company participate in incentive and non-qualified stock option plans. Options are granted at exercise prices not less than the fair value of the Company’s common stock on the date of the grant. The following is a summary of the activity under the Company’s stock option plans for the periods presented:

	Three Months Ended June 30,
	2017			2016
	Shares		Weighted Average Exercise Price	Shares		Weighted Average Exercise Price
Balance, Beginning of Period	21,500		$23.57	26,000		$23.50
Options Granted	—		—	—		—
Options Exercised	—		—	—		—
Options Forfeited	(2,000	)	24.34	(1,000	)	23.49
Balance, End of Period	19,500		$23.49	25,000		$23.50

5. Stock-Based Compensation, Continued

	Six Months Ended June 30,
	2017			2016
	Shares		Weighted Average Exercise Price	Shares		Weighted Average Exercise Price
Balance, Beginning of Period	21,500		$23.57	29,500		$23.55
Options Granted	—		—	—		—
Options Exercised	—		—	—		—
Options Forfeited	(2,000	)	24.34	(4,500	)	23.82
Balance, End of Period	19,500		$23.49	25,000		$23.50
Options Exercisable	19,100			20,700
Options Available For Grant	50,000			50,000

At June 30, 2017, the Company had the following options outstanding:

Grant Date	Outstanding Options	Option Price	Expiration Date
07/09/07	1,000	$24.61	07/09/17
10/01/07	2,000	$24.28	10/01/17
01/01/08	12,000	$23.49	01/01/18
05/19/08	2,500	$22.91	05/19/18
07/01/08	2,000	$22.91	07/01/18