Share-Based Payments (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Summary of RSU Activity

A summary of the RSU activity for the years ended December 31, 2019, 2018 and 2017 follows:

	RSU Awards
			Weighted-Average
			Grant Date
	Shares		Fair Value
Nonvested at January 1, 2017	56,153		$	10.36
Granted	49,344		10.74
Vested (a)	(21,745)		10.31
Forfeited	(24,747)		10.57
Nonvested at January 1, 2018	59,005		10.61
Granted	34,295		11.11
Vested (a)	(26,403	)	10.51
Forfeited	(3,909	)	10.96
Nonvested at January 1, 2019	62,988		10.90
Granted	42,541		11.41
Vested (a)	(28,801	)	10.82
Forfeited	(2,653	)	10.68
Nonvested at December 31, 2019 (b)	74,075		$	11.23

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(a) RSUs generally vest over three years, are subject to continued employment and are forfeited upon the recipient’s employment termination prior to vesting. The total fair value of shares vested during the year ended December 31, 2019, 2018 and 2017 was $0.3 million, $0.3 million and $0.2 million, respectively.

(b) We currently expect to recognize stock-based compensation expense totaling approximately $0.5 million over the remaining vesting period. The awards to employees of the Subadvisor had a weighted-average remaining contractual term of 1.7 years at December 31, 2019.