Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2016

Share-based Compensation, Allocation and Classification in Financial Statements [Abstract]

Summary of Information Regarding Stock Option Plans

Information regarding our stock option plans for the nine months ended September 30, 2016 is as follows:

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	Number of Shares		Weighted Average Exercise Price per Share		Weighted Average Contractual Term	Aggregate Intrinsic Value
Options outstanding, beginning of year	51,985		$	10.06
Options granted	26,216		12.83
Options expired	(8,629	)	10.12
Options exercised	(449	)	$	10.25
Options outstanding, end of quarter	69,123		$	11.10	8.6	$	361,591
Options exercisable, end of quarter	8,581		$	10.04	8.2	$	53,964
Option price range at end of quarter	$9.97 to $12.83
Option price of exercisable shares	$9.97 to $12.83

Summary of Stock Option Assumptions

The following table summarizes information about stock option assumptions:

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	2016		2015
Expected dividend yield	1.25	%	1.56	%
Expected volatility	22.72	%	34.32	%
Risk-free interest rate	1.71	%	1.37	%
Expected option life	7.5 years		7.5 years

Summary of Information Regarding Restricted Stock Activity

The summary of changes in unvested restricted stock awards for the nine months ended September 30, 2016, is as follows:

	Number of Shares		Weighted Average Grant Date Fair Value
Unvested restricted stock, beginning of year	93,570		$	7.67
Granted	41,619		12.85
Forfeited	(5,379	)	10.66
Vested	(47,754	)	7.06
Unvested restricted stock, end of period	82,056		$	10.46