Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity

Transactions under the Stock Plans during the six months ended June 30, 2016 are summarized as follows:

(Dollars in thousands, except share amounts)	Number of		Weighted Average		Weighted Average Remaining Contractual	Aggregate Intrinsic
Stock Options	Shares		Exercise Price		Term (years)	Value
Outstanding at January 1, 2016	177,594		$	7.41
Granted	11,655		11.98
Exercised	(3,564	)	6.49
Forfeited	—		—
Expired	—		—
Outstanding at June 30, 2016	185,685		$	7.65	4.9	$	811
Exercisable at June 30, 2016	167,631		$	7.64	4.7	$	735

Fair Value Inputs, Assets, Quantitative Information

The fair value of each option and the significant weighted average assumptions used to calculate the fair value of the options granted for the six months ended June 30, 2016 are as follows:

	January 2016
Fair value of options granted	$	4.65
Risk-free rate of return	2.25		%
Expected option life in years	7
Expected volatility	30.66		%
Expected dividends (1)	—

(1)To date, the Company has not paid cash dividends on its common stock.

Schedule of Nonvested Restricted Stock Units Activity

The following table summarizes the activity in non-vested restricted shares for the six months ended June 30, 2016:

	Number of		Average Grant-Date
Non-vested shares	Shares		Fair Value
Non-vested at January 1, 2016	143,879		$	8.32
Granted	45,950		12.16
Vested	(23,742	)	10.41
Forfeited	(3,000	)	12.69
Non-vested at June 30, 2016	163,087		$	9.04