Stock-Based Compensation

3 Months Ended

Mar. 31, 2018

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 March 31,
	2018		2017
	Shares	Weighted Average Exercise Price	Shares	Weighted Average Exercise Price
Balance, Beginning of Period	4,500	$22.91	21,500	$23.57
Options Exercised	350	22.91	—	—
Balance, End of Period	4,150	$22.91	21,500	$23.57
Options Exercisable	4,150		20,600
Options Available For Grant	50,000		50,000

At March 31, 2018, the Company had the following options outstanding:

Grant Date	Outstanding Options	Option Price	Expiration Date
05/19/08	2,500	$22.91	05/18/18
07/01/08	1,650	$22.91	07/01/18