Stock-Based Compensation

3 Months Ended

Mar. 31, 2019

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. At March 31, 2019, the Company had no remaining options outstanding and there was no activity during the three months ended March 31, 2019.

The following is a summary of the activity under the Company’s stock option plans for the three months ended March 31, 2018:

	Three Months Ended March 31,
	2018
	Shares	Weighted Average Exercise Price
Balance, Beginning of Period	4,500	$22.91
Options Exercised	350	22.91
Balance, End of Period	4,150	$22.91
Options Exercisable	4,150
Options Available For Grant	50,000