Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2019

Employee Benefit Plans

Schedule of stock option activity and related information for its option plans

	2019			2018
		Weighted
		Average Price			Weighted Average
	Stock Awards	Per Share		Stock Awards	Price Per Share
Outstanding at beginning of year	71,100	$	16.82	62,700	$	16.72
Grants	-		—	8,400		17.57
Outstanding at year end	71,100	$	16.82	71,100	$	16.82
Vested shares at year end	29,408	$	16.78	15,644	$	16.72
Unvested shares at year end	41,692	$	16.85	55,456	$	16.85
Total outstanding shares at year end	71,100			71,100

Summary of stock option activity and option plans

	2019					2018
				Weighted					Weighted
				Average					Average
				Exercise					Exercise
		Exercise Price		Price Per			Exercise Price		Price Per
	Options	Range		Share		Options	Range		Share
Outstanding at beginning of year	172,080	$	16.69-$17.75	$	16.82	152,080	$	16.69‑$16.72	$	16.72
Grants	—		—		—	20,000	$	17.52‑$17.75		17.58
Exercised	—		—		—	—		—		—
Outstanding at year end	172,080	$	16.69-$17.75	$	16.82	172,080	$	16.69‑$17.75	$	16.82
Exercisable at year end	64,832	$	16.69-$17.75	$	16.77	30,416	$	16.69‑$16.72	$	16.72

Schedule of estimate fair value of stock-based awards of weighted average assumptions

	2019	2018
Risk-free interest rate	—	2.41	%
Volatility factor	—	10.47	%
Dividends	—	0.00	%
Weighted average expected life (years)	—	5.00
Forfeiture rate	—	0.00	%

Summary of changes in unvested shares

		Weighted Average
Unvested Options	Options	Grant Date Fair Value
Unvested at January 1, 2019	141,664	$	2.31
Granted	—		—
Vested	34,416		2.30
Unvested at December 31, 2019	107,248	$	2.31