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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Shared-based Compensation Expense
The following table presents share-based compensation expense and the related tax benefits for the periods indicated:
Three Months Ended June 30,
Six Months Ended June 30,
($ in thousands)2020201920202019
Share-based compensation expense related to:
Stock options
$160  $162  $316  $323  
Restricted stock awards
38  —  76  —  
Total share-based compensation expense
$198  $162  $392  $323  
Related tax benefits
$32  $11  $40  $22  
The following table presents unrecognized share-based compensation expense as of June 30, 2020:
($ in thousands)Unrecognized ExpenseWeighted-Average Remaining Expected Recognition Period
Unrecognized share-based compensation expense related to:
Stock options
$646  2.1 years
Restricted stock awards
504  3.6 years
Total unrecognized share-based compensation expense
$1,150  2.7 years
Share-based compensation, Stock Options
The following table represents stock option activity for the three months ended June 30, 2020:
Three Months Ended June 30, 2020
($ in thousands except per share data)
Number of SharesWeighted-Average Exercise Price Per ShareWeighted-Average Contractual TermAggregated Intrinsic Value
Outstanding at beginning of period
733,992  $10.76  5.77 years$(722) 
Exercised
(7,849) $6.68  3.83 years
Outstanding at end of period
726,143  $10.84  5.56 years$(393) 
Exercisable at end of period
501,966  $9.75  5.00 years$277  
The following table represents stock option activity for the six months ended June 30, 2020:
Six Months Ended June 30, 2020
($ in thousands except per share data)
Number of SharesWeighted-Average Exercise Price Per ShareWeighted-Average Contractual TermAggregated Intrinsic Value
Outstanding at beginning of period
829,376  $10.32  5.80 years$5,776  
Exercised
(98,393) $6.43  3.42 years
Forfeited
(4,840) $10.33  5.58 years
Outstanding at end of period
726,143  $10.84  5.56 years$(393) 
Exercisable at end of period
501,966  $9.75  5.00 years$277  
The following table represents information regarding unvested stock options for the three and six months ended June 30, 2020:
Three Months Ended June 30, 2020
Six Months Ended June 30, 2020
Number of SharesWeighted-Average Exercise Price Per ShareNumber of SharesWeighted-Average Exercise Price Per Share
Outstanding at beginning of period
224,177  $13.29  246,317  $13.31  
Exercised
—  $—  (17,300) $14.47  
Forfeited
—  $—  (4,840) $10.33  
Outstanding at end of period
224,177  $13.29  224,177  $13.29  
Summary of Nonvested Restricted Stock Awards The following table represents RSAs activity for the three and six months ended June 30, 2020:
Three Months Ended June 30, 2020
Six Months Ended June 30, 2020
Number of SharesWeighted-Average Grant Date Fair Value Per ShareNumber of SharesWeighted-Average Grant Date Fair Value Per Share
Outstanding at beginning of period
38,400  $16.53  37,400  $16.60  
Granted
—  $—  1,000  $13.72  
Outstanding at end of period
38,400  $16.53  38,400  $16.53