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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2019
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
A summary of changes in nonvested restricted stock awards for the three and six months ended June 30, 2019, follows: 
 
For the Three Months Ended June 30, 2019
 
Shares
 
Weighted-Average
Grant Date
Fair Value
Nonvested at April 1, 2019
16,698

 
$
16.53

Nonvested at June 30, 2019
16,698

 
16.53

Expected to vest assuming a 3% forfeiture rate over the vesting term
16,197

 
16.53

 
 
 
 
 
 
 
 
 
For the Six Months Ended June 30, 2019
 
Shares
 
Weighted-Average
Grant Date
 Fair Value
Nonvested at January 1, 2019
20,987

 
$
15.90

Granted
16,698

 
16.53

Vested
(20,987
)
 
15.90

Nonvested at June 30, 2019
16,698

 
16.53

Expected to vest assuming a 3% forfeiture rate over the vesting term
16,197

 
16.53


A summary of the Company’s stock option plan awards and activity for the three and six months ended June 30, 2019, follows: 

 
For the Three Months Ended June 30, 2019
 
 
 
Shares
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Term in Years
 
Aggregate Intrinsic Value
 
Weighted-Average Grant Date Fair Value
Outstanding at April 1, 2019
365,000

 
$
11.09

 
 
 
$
1,796,200

 
$
3.88

Outstanding at June 30, 2019
365,000

 
11.09

 
5.18
 
1,199,800

 
3.88

Vested and expected to vest assuming a 3% forfeiture rate over the vesting term
362,450

 
11.07

 
5.17
 
1,197,348

 
3.87

Exercisable at June 30, 2019
280,000

 
10.16

 
4.34
 
1,118,070

 
3.61

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Six Months Ended June 30, 2019
 
 
 
Shares
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Term in Years
 
Aggregate Intrinsic Value
 
Weighted-Average Grant Date Fair Value
Outstanding at January 1, 2019
315,000

 
$
10.34

 
 
 
$
1,615,600

 
$
3.69

Granted
50,000

 
15.80

 
 
 
 
 
5.03

Outstanding at June 30, 2019
365,000

 
11.09

 
5.18
 
1,199,800

 
3.88

Vested and expected to vest assuming a 3% forfeiture rate over the vesting term
362,450

 
11.07

 
5.17
 
1,197,348

 
3.87

Exercisable at June 30, 2019
280,000

 
10.16

 
4.34
 
1,118,070

 
3.61