Stock-Based Compensation

9 Months Ended

Sep. 30, 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 September 30, 2019, the Company had no remaining options outstanding and there was no activity during the nine months ended September 30, 2019.

The following is a summary of the activity under the Company’s stock option plans for the three and nine months ended September 30, 2018.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018				2018
	Shares		Weighted Average Exercise Price		Shares	Weighted Average Exercise Price
Balance, Beginning of Period	1,650		$	22.91	4,500	$	22.91
Options Exercised	—		—		(450)	22.91
Options Forfeited	(1,650	)	22.91		(4,050)	22.91
Balance, End of Period	—		$	—	—	$	—
Options Available For Grant	50,000				50,000