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STOCK OPTIONS AND OTHER EQUITY AWARDS (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Option Activity
The following summarizes MVB’s stock options as of and for the year ended December 31, 2018, and the changes for the year then ended:
 
 
2018
 
2017
 
 
Number of Shares
 
Weighted Average Exercise Price
 
Number of Shares
 
Weighted Average Exercise Price
Outstanding at beginning of year
 
1,681,645

 
$
13.46

 
1,499,795

 
$
13.11

Granted
 
256,344

 
19.50

 
321,750

 
15.12

Exercised
 
(161,298
)
 
13.54

 
(49,400
)
 
12.24

Forfeited/expired
 
(13,200
)
 
14.97

 
(90,500
)
 
8.41

 
 
 
 
 
 
 
 
 
Outstanding at end of year
 
1,763,491

 
$
14.36

 
1,681,645

 
$
13.46

 
 
 
 
 
 
 
 
 
Exercisable at end of year
 
994,598

 
$
13.21

 
910,647

 
$
13.00

 
 
 
 
 
 
 
 
 
Weighted-average fair value of options granted during 2018
 
 

 
$
5.97

 
 

 
 

Weighted-average fair value of options granted during 2017
 
 

 
$
4.05

 
 

 
 

Weighted-average fair value of options granted during 2016
 
 
 
$
2.98

 
 

 
 
Outstanding and Exercisable Options Information
The following summarizes information related to the total outstanding and exercisable stock options at December 31, 2018:
Options Outstanding
 
Options Exercisable
Total Options
 
Weighted-Average Exercise Price
 
Intrinsic Value
 
Weighted-Average Remaining Life
 
Total Options
 
Weighted-Average Exercise Price
 
Intrinsic Value
 
Weighted-Average Remaining Life
1,763,491
 
$14.36
 
6,496,537
 
6.21
 
994,598
 
$13.21
 
4,804,917
 
4.76
Summary of RSUs
A summary of the activity for the Company’s RSUs for the period indicated is presented in the following table:


 
2018

 
Shares
 
Weighted Average Grant Date Fair Value
Balance at beginning of year
 
—

 
$
—

Granted
 
62,735

 
19.29

Vested
 
(1,368
)
 
18.27

Forfeited
 
(1,022
)
 
19.55

Balance at end of year
 
60,345

 
$
19.31
Schedule of Unrecognized Compensation Cost
Based upon the contractual terms, this expense is expected to be recognized as follows:

(Dollars in thousands)
 
 
2019
 
$
240

2020
 
240

2021
 
182

2022
 
182

2023
 
16


 
$
860
Summary of Stock-Based Compensation Expense
The amount that the Company recognized in stock-based compensation expense related to the issuance of stock options and RSU’s is presented in the following table:

(Dollars in thousands)
 
2018
 
2017
 
2016
Stock Options
 
$
935

 
$
813

 
$
568

RSU’s
 
331

 
—

 
—

Total Stock-based compensation expense
 
$
1,266

 
$
813

 
$
568