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Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Status of Plans
Following is a summary of the status of the stock options remaining under the plans for the years ending December 31, 2018, 2017 and 2016:
 
 
 
Directors’ Plan
 
 
Employees’ Plan
 
 
 
 
 
 
Weighted
 
 
 
 
 
Weighted
 
 
 
Number
 
 
Average
 
 
Number
 
 
Average
 
 
 
of
 
 
Exercise
 
 
of
 
 
Exercise
 
 
 
Shares
 
 
Price
 
 
Shares
 
 
Price
 
Outstanding at January 1, 2016
 
 
87,000
 
 
$
21.35
 
 
 
23,000
 
 
$
23.46
 
Granted
 
 
 
 
 
 
 
 
 
 
 
 
Exercised
 
 
 
 
 
 
 
 
 
 
 
 
Expired
 
 
(9,000
)
 
 
23.70
 
 
 
(23,000
)
 
 
23.46
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2016
 
 
78,000
 
 
$
21.08
 
 
 
 
 
$
 
Granted
 
 
 
 
 
 
 
 
 
 
 
 
Exercised
 
 
(6,000
)
 
 
20.94
 
 
 
 
 
 
 
Expired
 
 
(9,000
)
 
 
22.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2017
 
 
63,000
 
 
$
20.96
 
 
 
 
 
$
 
Granted
 
 
 
 
 
 
 
 
 
 
 
 
Exercised
 
 
(6,000
)
 
 
18.00
 
 
 
 
 
 
 
Expired
 
 
(4,500
)
 
 
18.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2018
 
 
52,500
 
 
$
21.55
 
 
 
 
 
$
 
Options exercisable at:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
52,500
 
 
$
21.55
 
 
 
 
 
$
 
 
Outstanding Stock Options Granted in Relation to Option Price and Weighted Average Maturity The following table presents the outstanding stock options granted in relation to the option price and the weighted average maturity.
 
 
 
Options
 
 
Weighted
 
 
Weighted Average
Range of Exercise Prices
 
Outstanding
 
 
Average Price
 
 
Life Remaining
$15.01 to $20.00
 
 
13,500
 
 
 
18.76
 
 
 
3 years, 4 months
$20.01 to $22.50
 
 
25,500
 
 
 
20.83
 
 
 
1 year, 5 months
$22.51 and above
 
 
13,500
 
 
 
25.72
 
 
 
1 year, 4 months
Total
 
 
52,500
 
 
$
21.55
 
 
 
1 years, 11 months