Stock Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2019

Stock Compensation Plans [Abstract]

Stock Option Activity

Stock option activity for the Company’s Stock Incentive Plan during the year ended December 31, 2019 is as follows:

	Stock Options
	Number of shares			Weighted average exercise price
Balance at December 31, 2018		345,618		$	7.84
Granted		81,549			10.34
Exercised		—			—
Cancelled/Forfeited		(1,773	)		11.82
Balance at December 31, 2019		425,394		$	8.30

Information on Stock Options

The following table presents information on stock options for the year ended December 31, 2019:

	Number of Shares		Weighted Average Exercise Price		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Term
Stock options outstanding and expected to vest:		425,394	$	8.30	$	1,193		6.40
Stock options vested and currently exercisable:		235,825	$	6.62	$	1,039		5.00

Weighted Average Assumptions Used in Valuing Stock Options Granted

The following table shows our weighted average assumptions used in valuing stock options granted for the years ended December 31:

	2019			2018			2017
Risk-Free Interest Rate		2.47	%		2.57	%		1.89	%
Expected Dividend Yield		0.00	%		0.00	%		0.00	%
Expected Life in Years		5.00			5.00			5.00
Expected Price Volatility		11.86	%		14.44	%		22.88	%

Information about Non-vested Restricted Stock Awards Outstanding

The following table presents information about non-vested restricted stock awards outstanding for the year ended December 31, 2019:

	Restricted Stock Awards
	Number of shares			Weighted average grant date fair value
Balance at December 31, 2018		124,311		$	8.51
Granted		46,475			10.36
Vested		(35,618	)		6.32
Cancelled/Forfeited		(3,465	)		9.86
Balance at December 31, 2019		131,703		$	9.72