Share-Based Compensation (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
($ in thousands)	2020		2019		2020		2019
Share-based compensation expense related to:
Stock options	$	162	$	158	$	478	$	481
Restricted stock awards	38		22		114		22
Total share-based compensation expense	$	200	$	180	$	592	$	503
Related tax benefits	$	21	$	11	$	61	$	33

The following table presents unrecognized share-based compensation expense as of September 30, 2020:

($ in thousands)	Unrecognized Expense		Weighted-Average Remaining Expected Recognition Period
Unrecognized share-based compensation expense related to:
Stock options	$	485	2.2 years
Restricted stock awards	475		3.3 years
Total unrecognized share-based compensation expense	$	960	2.8 years

Share-based compensation, Stock Options

The following table represents stock option activity for the three months ended September 30, 2020:

	Three Months Ended September 30, 2020
($ in thousands except per share data)	Number of Shares	Weighted-Average Exercise Price Per Share		Weighted-Average Contractual Term	Aggregated Intrinsic Value
Outstanding at beginning of period	726,143	$	10.84	5.6 years	$	—
Exercised	(868)	$	3.38	3.8 years
Outstanding at end of period	725,275	$	10.85	5.3 years	$	—
Exercisable at end of period	505,098	$	9.79	4.8 years	$	—

The following table represents stock option activity for the nine months ended September 30, 2020:

	Nine Months Ended September 30, 2020
($ in thousands except per share data)	Number of Shares	Weighted-Average Exercise Price Per Share		Weighted-Average Contractual Term	Aggregated Intrinsic Value
Outstanding at beginning of period	829,376	$	10.32	5.8 years	$	5,776
Exercised	(99,261)	$	6.41	3.2 years
Forfeited	(4,840)	$	10.33	5.6 years
Outstanding at end of period	725,275	$	10.85	5.3 years	$	—
Exercisable at end of period	505,098	$	9.79	4.8 years	$	—

The following table represents information regarding unvested stock options for the three and nine months ended September 30, 2020:

	Three Months Ended September 30, 2020			Nine Months Ended September 30, 2020
	Number of Shares	Weighted-Average Exercise Price Per Share		Number of Shares	Weighted-Average Exercise Price Per Share
Outstanding at beginning of period	224,177	$	13.29	246,317	$	13.31
Vested	(4,000)	$	14.00	(21,300)	$	14.38
Forfeited	—	$	—	(4,840)	$	10.33
Outstanding at end of period	220,177	$	13.27	220,177	$	13.27

Summary of Nonvested Restricted Stock Awards

The following table represents RSAs activity for the three and nine months ended September 30, 2020:

	Three Months Ended September 30, 2020			Nine Months Ended September 30, 2020
	Number of Shares	Weighted-Average Grant Date Fair Value Per Share		Number of Shares	Weighted-Average Grant Date Fair Value Per Share
Outstanding at beginning of period	38,400	$	16.53	37,400	$	16.60
Granted	900	$	9.33	1,900	$	11.64
Vested	(9,000)	$	16.69	(9,000)	$	16.69
Outstanding at end of period	30,300	$	16.27	30,300	$	16.27