Stock Options, Stock Grants and New Stock Issues (Tables)
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12 Months Ended |
Dec. 31, 2018 |
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| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
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| Summary of Activity in the Company’s Stock Option Plans |
A summary of activity in the Company's stock option plans is as follows:
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Weighted
Average
Exercise
Price
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Options
Outstanding
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Weighted
Average
Contractual
Term
(in years)
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Intrinsic
Value of
Options
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|
Options
Available
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At January 01, 2016 |
$ |
12.79 |
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|
173,985 |
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|
6.4 |
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$ |
— |
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|
152,028 |
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Expired |
$ |
16.01 |
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(937 |
) |
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|
937 |
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At December 31, 2016 |
$ |
12.77 |
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173,048 |
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|
5.4 |
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$ |
— |
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152,965 |
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Exercised |
$ |
11.55 |
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(25,632 |
) |
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$ |
78,818 |
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Expired |
$ |
15.26 |
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(1,905 |
) |
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1,905 |
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At December 31, 2017 |
$ |
12.96 |
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145,511 |
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4.6 |
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$ |
156,445 |
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|
154,870 |
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Exercised |
$ |
12.09 |
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(85,440 |
) |
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$ |
842,742 |
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Expired |
$ |
16.01 |
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(975 |
) |
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975 |
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At December 31, 2018 |
$ |
14.16 |
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59,096 |
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4.8 |
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$ |
143,737 |
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|
155,845 |
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Exercisable options |
$ |
13.82 |
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49,127 |
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4.5 |
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$ |
136,123 |
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Options expected to vest: |
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Grant Date Fair Value |
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At December 31, 2016 |
$ |
14.72 |
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43,286 |
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7.1 |
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$ |
6.24 |
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Vested |
$ |
14.35 |
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(17,574 |
) |
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$ |
5.96 |
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Forfeited options |
$ |
15.38 |
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(62 |
) |
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At December 31, 2017 |
$ |
14.72 |
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|
25,650 |
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6.5 |
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$ |
6.41 |
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Vested |
$ |
14.78 |
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(15,380 |
) |
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$ |
6.38 |
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Forfeited options |
$ |
16.01 |
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(301 |
) |
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At December 31, 2018 |
$ |
15.83 |
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9,969 |
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6.0 |
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$ |
6.44 |
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| Stock Options by Exercise Price Range |
The following table summarizes information about stock options outstanding at December 31, 2018:
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Range of Exercise Prices |
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Outstanding Stock Options |
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Exercisable Stock Options |
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Shares |
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Weighted Average |
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Shares |
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Weighted Average Exercise Price |
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Exercise Price |
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Remaining Contractual Life in Years |
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$ |
11.35 |
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|
13,402 |
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$ |
11.35 |
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3.10 |
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13,402 |
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$ |
11.35 |
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$ |
13.70 |
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|
15,933 |
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$ |
13.70 |
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4.10 |
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15,933 |
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$ |
13.70 |
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$ |
14.76 |
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8,109 |
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$ |
14.76 |
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5.14 |
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6,643 |
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$ |
14.76 |
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$ |
16.01 |
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21,652 |
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$ |
16.01 |
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6.11 |
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13,149 |
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$ |
16.01 |
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59,096 |
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49,127 |
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| Summary of Stock Awards Plan Activity |
A summary of plan activity for the 2005 and 2015 Stock Awards Plans is as follows:
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Shares |
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Weighted Average
Grant Date Fair Value
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Outstanding at December 31, 2015 |
51,440 |
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$ |
15.57 |
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Granted February 19, 2016 |
50,062 |
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$ |
7.51 |
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Granted May 5, 2016 |
42,193 |
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$ |
8.05 |
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Vested |
(21,133 |
) |
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$ |
13.12 |
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Forfeited |
(1,260 |
) |
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$ |
17.73 |
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Outstanding at December 31, 2016 |
121,302 |
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$ |
10.03 |
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Granted February 8, 2017 |
44,687 |
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$ |
12.30 |
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Vested |
(34,322 |
) |
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$ |
10.45 |
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Outstanding at December 31, 2017 |
131,667 |
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$ |
10.69 |
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Granted February 7, 2018 |
65,527 |
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$ |
12.47 |
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Vested |
(51,775 |
) |
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$ |
10.84 |
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Forfeited |
(3,245 |
) |
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$ |
10.96 |
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Outstanding at December 31, 2018 |
142,174 |
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|
$ |
11.45 |
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