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Stock Based Compensation (Tables)
9 Months Ended
Sep. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock Options Outstanding
Stock options outstanding at September 30, 2019 were as follows:
 
 
Outstanding Stock Options
 
Exercisable Stock Options
Exercise Price Range
 
Number
 
Weighted Average
Exercise
Price
 
Weighted Average Remaining Contractual
Life (Years)
 
Number
 
Weighted Average Exercise Price
 
Weighted Average Remaining Contractual
Life (Years)
$11.00 - $12.99
 
13,278

 
11.98

 
1.4
 
13,278

 
11.98

 
1.4
Summary of Stock Option Activity
he following table summarizes stock option activity for the periods indicated:
 
Nine Months Ended September 30,
 
2019
 
2018
 
Options
 
Weighted Average Exercise
Price
 
Aggregate Intrinsic Value (in thousands) (1)
 
Options
 
Weighted Average Exercise
Price
 
Aggregate Intrinsic Value (in thousands) (1)
Outstanding, January 1,
13,278

 
$
11.98

 
 
 
20,265

 
$
11.42

 
 
Granted

 

 
 
 

 

 
 
Exercised

 

 
 
 
(2,631
)
 
12.55

 
 
Expired

 

 
 
 

 

 
 
Outstanding, September 30,
13,278

 
11.98

 
76

 
17,634

 
11.25

 
131

Exercisable, September 30,
13,278

 
11.98

 
76

 
17,634

 
11.25

 
131

(1) Aggregate Intrinsic Value is defined as the amount by which the current market value of the underlying stock exceeds the exercise price of the option.
Summary of Restricted Stock Awards Activity
Restricted stock awards granted under the 2015 Plan were as follows:
 
2019
 
2018
 
 
 
Shares
 
Weighted Average Grant Date Fair Value
 
 
 
Shares
 
Weighted Average Grant Date Fair Value
Outstanding, January 1,
16,958

 
$
18.94

 
8,817

 
$
16.44

Granted
12,504

 
16.95

 
10,634

 
19.20

Vested
(10,711
)
 
18.44

 
(669
)
 
22.60

Forfeited

 

 

 

Outstanding, September 30,
18,751

 
$
17.90

 
18,782

 
$
17.78

Schedule of Information Related to Stock Options Exercised
The following table provides information related to stock options exercised during the periods indicated (in thousands):
 
Nine Months Ended September 30,
 
2019
 
2018
Intrinsic value of options exercised
$

 
17

Cash received from options exercised

 
33

Tax benefit realized from options exercised

 
2